KKR, Rakuten complete share purchase in Japanese supermarket chain Seiyu from Walmart
Private equity giant KKR, and Rakuten DX Solution, a unit of the Japanese e-commerce group Rakuten, have completed their share purchases in Japanese supermarket chain Seiyu GK from Walmart. KKR now owns a 65% stake in Seiyu and Rakuten DX Solution owns 20% in the company, according to a statement. Walmart retains a 15% stake […]
UAE healthcare firm Amanat buys long-term care firm Cambridge for $232 million
Dubai-listed healthcare firm Amanat Holdings has bought long-term care firm Cambridge Medical and Rehabilitation Center for an enterprise value of $232 million from private equity firm TVM Capital Healthcare. Amanat said the deal was its first wholly owned investment in healthcare in the United Arab Emirates and was one of the biggest healthcare deals in […]
PE Firms Are Feasting on China’s $5.5 Billion Logistics Deals
Deals targeting logistics companies in China have delivered the best start to the year on record, generating bumper profits for private equity firms. About $5.5 billion worth of acquisitions of Chinese logistics firms have been announced so far this year, the strongest first quarter ever, according to data compiled by Bloomberg. Warburg Pincus LLC and […]
CVC cash will be ‘transformational’ for Scottish rugby
The private equity firm is understood to be close to buying 14.5 per cent of the commercial rights in the tournament as part of a five-year agreement. The value of the deal is estimated at around £350 million, with Scotland’s share reckoned to be worth £50m. The impact on the Six Nations Rugby will also be […]
Sports retailer Fanatics enters China via JV with Hillhouse Capital
Fanatics Inc, the world’s biggest licensed sports merchandise retailer, said on Thursday it is expanding into China through a joint venture with local private equity firm Hillhouse Capital Group, as the SoftBank-backed e-commerce platform mulls a potential public listing later this year. The move by Jacksonville, Florida-based Fanatics, whose annual revenue tops $3 billion, is […]
Suez Sets a High Bar for Any Talks on Veolia Takeover Proposal
Suez SA set a high bar for any resumption of talks about Veolia Environnement SA’s takeover offer, after issuing yet another emphatic rejection of its rival’s proposal. Veolia’s bid of 18 euros ($21.80) per share is too low, and its commitments to workers and customers are insufficient, said Suez Chairman Philippe Varin. The French waste […]
Portugal’s ECS Draws Private Equity Interest in Hotels Sale
ECS is drawing interest from rival private equity firms as it looks to offload a portfolio of Portuguese real estate that includes some of the country’s top hotels, people familiar with the matter said. Lisbon-based ECS is exploring a sale of the properties, and is seeking 1.4 billion euros ($1.7 billion), the people said, asking […]
KPMG close to £400m sale of restructuring arm
KPMG is close to selling its restructuring division to a private equity firm as part of a deal that could see a former head of Deloitte run the newly separated business. HIG Europe is in exclusive talks to buy the restructuring arm for about £400 million. If the deal completes, John Connolly, a former global […]
TPG Will Operate DirecTV Business in Deal with AT&T
AT&T Inc. agreed to sell a 30% stake in its DirecTV service and other pay-television operations to private equity firm TPG in a deal that the company said values the business at $16.25 billion.TPG will operate the business and AT&T will get $7.6 billion in cash from the transaction, with the new DirecTV taking on […]
L Brands to test private equity firms’ appetite for Victoria’s Secret again
L Brands’ bankers at Goldman Sachs would begin pitching buyout firms about a potential sale of its Victoria’s Secret lingerie brand as soon as this week, the New York Times reported on Tuesday, citing people with knowledge of the matter. The Columbus, Ohio-based company’s attempt to sell a majority stake in its Victoria’s Secret business […]
