Blackstone Invests in Mental Health App at $1 Billion Valuation
Blackstone Group Inc. is leading a $100 million funding round in on-demand mental-health company Ginger, accelerating a push into fast-growing technology startups. The funds will come out of the investment firm’s growth equity arm, Blackstone and Ginger said. The stake values the San Francisco-based service at about $1 billion, vaulting it to unicorn status. Demand […]
KKR and BMG team up to acquire music rights
Private equity firm KKR and music company BMG Rights Management GmbH are teaming up to acquire song catalogs, following blockbuster deals by artists such as Bob Dylan, Stevie Nicks and Neil Young. The two parties will search for deals together and can invest as each side sees fit, according to a statement Wednesday. The firms didn’t […]
Wells Fargo to sell corporate trust business to Australia’s Computershare for $750 million
Wells Fargo will sell its corporate trust business to Australia’s Computershare Ltd for $750 million, the two companies said on Wednesday, as the Wall Street lender shifts its focus to core operations. As part of the deal terms, about 2,000 employees of Wells Fargo’s Corporate Trust Services (CTS) business will be transferred to Computershare, which offers […]
BPP sold to private equity house TDR Capital
BPP has been sold to private equity house TDR Capital, in what is the educational provider’s first change in ownership since 2009. BPP, which provides legal education and training, as well as courses in accountancy and finance, had been owned by Vanta Education, Inc., previously known as Apollo. Founded in 1992, Apollo Global Management Inc. […]
Abu Dhabi Private Equity Firm Gulf Capital Buys Two U.S. Healthtech Companies
Gulf Capital PJSC acquired two U.S. health-care technology firms for $60 million as the Abu Dhabi-based buyout firm doubles down on investing in the specialized medical sector. The private equity firm bought a majority stake in Eclat Health and Hansei Solutions, adding to a portfolio of companies that help hospitals with their billing, work with […]
Carlyle Agrees to Buy $1 Billion U.K. Online Luxury Retailer END
Carlyle Group Inc. has agreed to buy a majority stake in U.K. luxury online fashion retailer END, the latest bet by a private equity firm on the future of e-commerce. The buyout firm will acquire the holding from END founders Christiaan Ashworth and John Parker, it said in a statement Tuesday, confirming an earlier Bloomberg […]
Private equity firm Thoma Bravo to acquire software firm Calabrio from KKR
Private equity firm Thoma Bravo LP said on Tuesday it has agreed to acquire workplace software firm Calabrio Inc from KKR & Co Inc. Terms of the deal were not disclosed but people familiar with the matter said the deal values Calabrio at more than $1 billion, including debt. KKR paid $200 million to acquire […]
PE-Backed Insightful Science to Buy U.K.’s Dotmatics in $690 Million Deal
Insightful Science, a technology provider to the life sciences industry, has agreed to buy data management company Dotmatics Ltd. as the surge in software deals shows little sign of slowing. The combined group will generate more than $100 million in annual revenue, the companies said in a statement Monday. Financial terms were not disclosed. The […]
One year on: How Covid-19 has impacted private equity?
Over the past year, new ways of working and doing business emerged for private equity (PE) as it is for any other sphere of business. And, initially, it looked like the economic devastation wrought by Covid-19 would hit global private equity markets incredibly hard. But after falling off a cliff in April and May, deal […]
G4S saga ends as shareholders accept $5.3 billion Allied Universal offer
The G4S takeover saga finally came to an end on Tuesday after a majority of the security company’s shareholders accepted a 3.8 billion pound ($5.28 billion) offer from U.S. rival Allied Universal, snubbing hostile Canadian bidder GardaWorld. Allied Universal said it had received valid acceptances representing roughly 79% of the G4S share capital. The threshold […]
