Topics: Buyouts

MoneyGram Gets a Sweetened Deal from China

MoneyGram Gets a Sweetened Deal from China

The US fintech firm MoneyGram has received an increased buyout deal from China’s Ant Financial. The reports suggest the Chinese company increased its bid to buy the fintech firm by 36%, but regulatory hurdles are still on the horizon.   Improving the bid to acquire the fintech firm   Ant Financial, which is an Alibaba subsidiary, has offered to buy [...]

Shawbrook Rejects a Major Private Equity Bid

Shawbrook Rejects a Major Private Equity Bid

When companies are faced with a lucrative private equity deal, the most common response is to take the deal quickly. Sometimes this doesn’t happen and it can leave investors and analysts puzzled. Shawbrook bank decided to go the opposite way and rejected a £825 million takeover bid – for the second time.   The UK lender had been approached by [...]

China’s JD Capital Buys Ageas’ Hong Kong Unit

China’s JD Capital Buys Ageas’ Hong Kong Unit

  Chinese asset management company, JD Capital, has agreed to buy Ageas’ Hong Kong insurance unit. The Belgian insurance company announced the deal on Sunday, revealing the deal is worth $1.4 billion. Although China’s stock market has been in turmoil, the latest deal highlights the continued strong appetite for deals by Chinese companies.   The Deal   Ageas released a [...]

One of Private Equity’s Longest-Held Investments Finally Sold

One of Private Equity’s Longest-Held Investments ...

  There has been plenty of talk lately over the increased holding times in private equity. Some good news came about on Wednesday, as one the industry’s longest-held investment was finally sold when Fidelity National Information Services (FIS) bought SunGard.   The Financial Details of the Deal   FIS announced on Wednesday that it’d buy SunGard Data Systems from its [...]

Private Equity Provides Strong Backing for a New Insurance Group

Private Equity Provides Strong Backing for a New ...

Private equity firms have provided a strong backing for a new insurance group, showing the industry still has faith in the sector. But while the Fidelis Insurance Holdings group managed to gain $1.5 billion in funds from private equity firms and other investors, some in the private equity industry are saying the sector’s investment has been a “mixed bag” for [...]

Should PE owners of Worldpay list or sell?

Should PE owners of Worldpay list or sell?

The payment processing company, Worldpay, announced last week it is preparing for an IPO. But reports over the weekend suggest the PE-backed company might receive a bid from JP Morgan. The British company, Worldpay, announced last week it is preparing for an initial public offering, but reports over the weekend suggest the company might yet to go down a different route. Whatever [...]

Private Equity Funds Behind Univision Set for $1 Billion IPO

Private Equity Funds Behind Univision Set for $1 ...

One of the fastest growing major broadcasters in the US is poised to launch its initial public offering (IPO) later this year, according to reports. The Spanish-language broadcaster Univision is backed by big private equity firms, including TPG Capital and Madison Dearborn Partners.   Reuters broke the news exclusively on late Tuesday evening. According to its report, the IPO could [...]

Private Equity Firm Vista Equity Partners Acquires a Technology Company

Private Equity Firm Vista Equity Partners Acquires a...

The US-based private equity firm, Vista Equity Partners, announced on Thursday afternoon it is buying Automated Insights. The technology company is funded by the Associated Press and other similar investors, and it creates automated stories of companies’ financial results. Very Few Details Both Vista and Automated Insights kept much of the financial details of the deal secret. The only hint [...]

Gulf Capital Raises $750 Million with its Buyout Fund

Gulf Capital Raises $750 Million with its Buyout ...

The Abu Dhabi-based alternative asset management firm, Gulf Capital, announced it has closed its third private equity fund. It was able to raise $750 million, which is a lot more than the company was aiming for earlier this year. It is now looking to invest the fund in a variety of companies.   Gulf Capital launched the fund, GC Equity [...]

Are PE Holding Periods Set to Change?

Are PE Holding Periods Set to Change?

Some of the most influential voices in the private equity (PE) industry are actively discussing changing the existing standard around holding periods – the time a firm holds a stake in a business before selling on.   The existing typical holding period is five years. This is borne out of the way most PE funds are structured, with raised funds [...]

Billion Dollar Digital Payments Buyout Attracts Big Name PE Funds

Billion Dollar Digital Payments Buyout Attracts Big ...

This week’s buyout of the week is a USD 2.8 billion acquisition by Advent International and Bain Capital, which was reported first by Reuters.   The two are in a consortium set to buy a Danish card payment company Nets Holding.   They already own a stake in ePayment company WorldPay.  They outbid Permira (in partnership with Canada Pension Plan, French IT [...]

Large Buyout to Grow French Car Park Specialist

Large Buyout to Grow French Car Park Specialist

This week’s buyout of the week is an equity stake taken by Ardian (new name for AXA Private Equity) and Crédit Agricole Assurances  in VINCI  Park, a company that designs, builds and runs car parks and infrastructure, which has a valuation of EUR 1.96  billion, according to a statement issued by Ardian.   The transaction would see a shareholder breakdown [...]

KKR Leads Billion Dollar Insurance Buyout in US

KKR Leads Billion Dollar Insurance Buyout in US

This week’s buyout of the week looks to be the acquisition of Sedgwick Claims Management Services by KKR. The company is owned by Hellman & Friedman LLC and Stone Point Capital and the price is USD 2.4 billion, according to Bloomberg.   This is a secondary transaction with PE investors selling to another PE fund manager. Sedgwick Claims Management Services, [...]

U.K Leads Way in European Private Equity Buyout Deals

U.K Leads Way in European Private Equity Buyout ...

While the state of the economy in the United Kingdom is hotly debated amongst the public in the country as well as by the nation’s politicians, figures released at the end of December 2013 from the Centre for Management Buyout Research and reported by Financial News show that the country is leading the way when it comes to European private [...]

Buyout Fund Eyes British Security Service Company

Buyout Fund Eyes British Security Service Company

This week’s deal of the week is a rumored buyout by Charterhouse Capital Partners of London of a  unit of G4S Plc for GBP 1 billion-pound (USD 1.6 billion), according to Bloomberg as reported by BW. G4S is a large security services and outsourcing company.   The unit in question is a cash-solutions business that includes ATM banking machines.  According [...]