Value of private equity-backed ‘carve outs’ triples due to Covid and war in Ukraine Private Equity The value of private equity-backed “carve out” deals, through which funds buy up an entire business line, subsidiary, or unit, has more than tripled over the past year. The value of carve out acquisitions by private equity funds jumped threefold from £3.8bn last year to £13.4bn in the year running up to 31 August 2022, [...]
Rolls-Royce finalises £1.5bn sale of Spanish subsidiary to Bain ROLLS ROYCE Rolls-Royce has finalised the €1.8bn (£1.5bn) sale of Spanish subsidiary ITP Aero to a group of investors led by private equity giant Bain. Following the £1.5bn sale, shares went up 3 per cent. “ITP Aero will remain a key strategic supplier and partner for Rolls-Royce across both Civil Aerospace and Defence programmes,” Rolls Royce said [...]
Keeping up with private equity: Kim Kardashian launches investment firm with former Carlyle exec kim k Having dabbled in the world of crypto, Kim Kardashian is now turning her hand to private equity.
GB Group shares surge as it confirms takeover interest September 7, 2022 Shares in software firm GB Group surged today as it confirmed a potential takeover swoop from US private equity firm GTCR, making it the latest British tech firm to fall into the sights of a foreign buyer.
London set for private equity takeover frenzy as market settles August 17, 2022 London is set for a flurry of takeover deals as flush-with-cash private equity firms put money to use as market turbulence begins to settle, analysts have said.
Carlyle chief’s sudden exit is ’empire striking back’, say analysts August 9, 2022 The abrupt departure of Carlyle group chief Kewsong Lee may be a case of the “empire striking back”, analysts have suggested, as co-founder Bill Conway steps back in as interim chief executive.
Informa sells centuries old Lloyd’s List to private equity firm Montagu August 5, 2022 London private equity firm Montagu has struck a deal with publishing giant Informa to buy up shipping newsletter Lloyd’s List, one of the world’s oldest continuously running news journals. Montagu Private Equity, which manages €10bn (£8.4bn) worth of assets, has agreed to buy the centuries-old maritime news service from Informa, in a deal worth £385m. [...]
Rising star Dufrain gets City vote of confidence as private equity investor PEP checks in with fresh cash July 18, 2022 Data management and analytics firm Dufrain confirmed this morning it has agreed fresh funding from Phoenix Equity Partners, a private equity investor in medium-sized UK companies. The cash will be used to fuel the next stage of its growth as part of a management buyout, the firm said. Dufrain has so far delivered year-on-year revenue [...]
777 Partners vice president: ‘We want BBL to be next best rival to NBA’ July 13, 2022 Investment firm 777 Partners is determined to make the British Basketball League (BBL) the second biggest domestic league in the sport, behind the NBA. Since the US company’s acquisition of 45 per cent in the BBL last year, the league has seen record crowds and will have its first team – the London Lions, who [...]
Russian oligarch backed fund LetterOne files lawsuit against private equity firm that cut ties following war in Ukraine July 7, 2022 The Luxembourg headquartered investment fund founded by sanctioned Russian oligarchs Mikhail Fridman and Petr Aven has filed a lawsuit against the London private equity firm that manages $5bn (£4.2bn) of it’s money. Multi-billion-dollar investor LetterOne is taking legal action against Pamplona Capital Management, in calling on the private equity firm to open its books, after [...]