3i invests in Dutch Bakery
3i Group (3i) is to invest in Dutch Bakery, a bakery group specialized in home bake-off bread and snack products. Headquartered in Tilburg, Dutch Bakery operates six bakeries across the Netherlands. 3i is investing to drive the company’s international growth strategy in the fragmented European private label market for bake-off products. In addition, 3i will […]
Dealmaker KKR Acquires Norway’s Ocean Yield for $830M
Deal-chasing private equity giant Kohlberg Kravis Roberts (KKR) is set to acquire Norwegian shipowner Ocean Yield. The two companies announced Monday that U.S.-based KKR will take control of Ocean Yield for a cash payment of $4.70 per share. The offer price implies a total valuation of about $830 million. The deal has been approved by Aker Capital […]
Citrix considering sale after stock tumble
It is the second time Citrix has considered a sale in four years Citrix Systems is said to be working with advisers to consider whether to sell itself after a difficult 2021, according to a report by Bloomberg. Citing people familiar with the matter, the publication said the massive software vendor plans to explore the interest of potential […]
Reddit reportedly hires bankers and lawyers as it aims for $15bn IPO
Reddit is seeking to hire investment bankers and lawyers for an initial public offering in New York, two people familiar with the matter told the Reuters news agency. Reddit was valued at $10bn in a private fundraising round last month. By the time the IPO would take place early next year, the online message board […]
Chinese Regulator Vows to Crack Down on Private Equity Funds
China’s securities regulator said it plans to rein in the country’s private equity and venture capital funds, stop public offerings disguised as private placements and fight embezzlement of assets. The China Securities Regulatory Commission will work to root out “fake” private equity funds that are actually sold to the general public instead of targeted investors, Chairman Yi […]
Carlyle preferred bidder for Baring PE’s Hexaware in $3 bln deal, sources say
Global private equity firm Carlyle Group has emerged as the preferred bidder for Baring Private Equity Asia’s (BPEA) Indian portfolio Hexaware Technologies in a $3 billion deal, two people with knowledge of the situation said. If successful, Carlyle would be winning a competitive bidding process against peer firms including KKR & Co and Bain Capital, […]
Picsart raises $130m in funding round valuing the company at over $1bn
Picsart has raised $130 million in a Series C funding round led by SoftBank Vision Fund 2 with participation from new investors G Squared and Tribe Capital, as well as existing investors Sequoia, DCM, Graph Ventures, and Siguler Guf & Company. With over $100 million in annual revenue run rate, Picsart is now valued at […]
Medmen Enterprises Inc. Announce $100 Million Private Equity Investment And Tilray Inc. Acquires Stake in MedMen
Medmen Enterprises Inc. (OTCMKTS: MMNF) has announced that various investors, spearheaded by Serruya Private Equity, will purchase around $100 million worth of its units at $0.24 per unit. The company will use the $100 million raised from the Private Placement to expand operations in major markets such as Florida, Illinois, California, and Massachusetts and expedite […]
Oxford Properties to buy $2.2bn US industrial portfolio from KKR
Oxford Properties is buying a $2.2bn (€1.9bn) US industrial real estate portfolio from KKR, a deal that progresses the Canadian investor’s plan to build a large scale industrial business. The C$70bn (€47.4bn) property arm of Canadian pension fund OMERS said it has agreed to buy the 14.5m sqft infill and light industrial portfolio consisting of […]
Blackstone to Invest as Much as $500 Million in Solar Firm Array
Blackstone Group Inc. will invest as much as $500 million in the solar equipment manufacturer Array Technologies Inc. Funds managed by Blackstone Energy Partners will buy $350 million in preferred stock from the Albuquerque, New Mexico-based solar company and retain the option to purchase an additional $150 million before July 2023, the companies said in […]
