Topics: Buyouts

JP Morgan Eyeing a UK Fintech Business

JP Morgan Eyeing a UK Fintech Business

The US bank has been relatively quiet in the acquisition department ever since the financial crash. However, it has regained confidence and according to reports, is now approaching a UK fintech business. Worldpay Group could become the bank’s biggest acquisition.   Preliminary approaches   Fox Business reported the board of Worldpay admitting the US bank has made a preliminary approach [...]

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 [...]

Carlyle Strikes a Deal to Buy Veritas for $8 Billion

Carlyle Strikes a Deal to Buy Veritas for $8 Billion

  Private equity firm Carlyle Group is known for striking mega deals. It is set to make more headlines this year, as it announced on Tuesday a mega deal to buy Veritas, the data-storage company, for $8 billion. The deal is set to be the largest leveraged buyout of 2015 in the US.   The Deal   The private equity [...]

Private Equity Firm New Mountain Capital Takes Zep Inc Private

Private Equity Firm New Mountain Capital Takes Zep ...

US-based maker of maintenance and cleaning chemicals, Zep Inc., has agreed to a deal with private equity firm New Mountain Capital. The firm will take Zep Inc. private in a deal worth around $692 million, including debt.   As the companies announced the deal on Wednesday, the premarket trading figures saw the company’s shares increase by over 18%, according to [...]

Australia’s Bradken Rejects Another Private Equity Bid

Australia’s Bradken Rejects Another Private Equity...

Australia’s mining equipment and machinery maker Bradken has turned down a $325 million (A$428m) offer by private equity firm Pacific Equity Partners and Koch Industries. This isn’t the first time the company has turned down a private equity offer in the recent months and the move is another strong indicator of how much the mining and natural resource sector is [...]

Private Equity-Led Consortium Buys Royal Philips NV Unit

Private Equity-Led Consortium Buys Royal Philips NV ...

GO Scale Capital, an investment fund backed by private equity firms GSR Ventures and Oak Investment Partners, has announced it is acquiring a majority stake in Philips NV’s LED lighting components and its automotive lighting business. The Chinese-led consortium is spending $2.8 billion to buy the unit.   As well as the two private equity firms, the consortium also sees [...]

US Based Private Equity Giant Buys Access Group

US Based Private Equity Giant Buys Access Group

The technology industry has started the year by making a lot of deals and the private equity firm TA Associates announced yet another deal in the sector. The US based private equity giant is buying the technology company Access Group in a deal worth close to £225 million.   Strong Technology Company Access Group is an Essex-based technology firm, focused [...]

Private Equity Goes After Online Gambling

Private Equity Goes After Online Gambling

Sky’s announcement to sell its bookmaker division Sky Bet was one of the mega deals of Thursday. It is reported that private equity firm CVC Capital Partners bought Sky’s controlling stake of Sky Bet for £800 million. The deal is another example of private equity’s current thirst for online gambling.   In the recent months, there’s been a flurry of [...]

Siemens to Sell its Hearing-Aids Business to Private Equity Firm EQT?

Siemens to Sell its Hearing-Aids Business to Private...

Numerous reports came in on Tuesday, suggesting that the German engineering group is about to sell its hearing-aids business. The private equity firm EQT looks to be the frontrunner and the deal is expected to be worth around $2.5 billion.   According to a Reuters report, other private equity companies have been interested in Siemens Audiology Solutions. Sources have revealed [...]

Billion Dollar Buyout of Volvo Rents

Billion Dollar Buyout of Volvo Rents

This week’s deal of the week is a buyout of Volvo’s equipment rental unit to Platinum Equity, a US private equity fund manager for USD 1.1 billion. The information we used to spot the deal is from  Thomson Reuters.   Volvo, which competes head to head with Germany's Daimler, is reportedly going through a restructuring process to improve the bottom [...]

PE Outbid in Auto Parts Buyout

PE Outbid in Auto Parts Buyout

Reuters is reporting that Advance Auto Parts will acquire General Parts International for USD 2 billion. This is another deal of the week that could have been a PE win but was not. The PE angle was reported by several media sources, including bizjournals, last year.   The deal will make Advance Auto Parts Inc. into one of North America's [...]

Mega Rockwell Deal May Attract PE

Mega Rockwell Deal May Attract PE

This week’s deal of the week comes from a Bloomberg report on a much discussed takeover of Rockwell, the automation company. It would be a USD 16 billion deal The company’s financial performance, not necessarily its growth rate, has made it the topic of speculation. Several dealmakers were quoted in the article highlighting reasons that strategics might want to acquire [...]

Billion Dollar Internet Security Software Buyout

Billion Dollar Internet Security Software Buyout

This week’s deal of the week looks to be a USD 1 billion buyout by Vista Equity Partners which is looking to acquire Websense, an American maker of software and services designed to help protect companies against cyberattacks and data theft, according to the WSJ. The take-private transaction is meant to improve the competitive standing of the security software company.

PE Investors Eye Ista for $3.9 bn

PE Investors Eye Ista for $3.9 bn

This week’s deal of the week would be an exit for Charterhouse and CVC who are seeking bids starting at USD 3.9 billion for energy-metering firm Ista.   Reuters reports that potential Ista bidders include Apax, Bain, BC Partners, Blackstone, Hellman & Friedman, KKR and Ontario Teachers' Pension Plan, according to unnamed sources.

Apax Buys into Canada’s Garda

Apax Buys into Canada’s Garda

This week’s deal of the week looks to be the Apax-backed take-private of Garda for about USD 1.1 billion. The only other large buyouts in the news over the past seven days are the previously covered Best Buy deal and the USD 1.9 billion Douglas bid by Advent, which has now reached its board seeking approval, according to Reuters. Both [...]