Carlyle closing in on deal for $1.5bn Thyssen unit

Carlyle closing in on deal for $1.5bn Thyssen unit

Global private equity firm Carlyle Group is closing in on a deal to acquire a majority stake in Thyssenkrupp’s Marine Systems business at a value of about €1.5bn ($1.6bn) including debt, according to a report by Bloomberg. The report cites unnamed sources familiar...
UpHealth Sells Cloudbreak Health for $180m to GTCR LLC

UpHealth Sells Cloudbreak Health for $180m to GTCR LLC

UpHealth Inc. is one step closer to becoming a dedicated behavioral health company with the sale of a technology asset for $180 million. On March 15, the Delray Beach, Florida-based company completed the sale of its medical translation entity, Cloudbreak Health, to...
Bain Capital completes the acquisition of Fabbrica Italiana Sintetici

Bain Capital completes the acquisition of Fabbrica Italiana Sintetici

Molecules (BC) Bidco, a company controlled by funds managed by Bain Capital Private Equity, completed theacquisition of all issued shares and convertible bonds of FIS – Italian Synthetic Factory from Nine Trees Group (NTG). Bidco and Ntg have agreed on a vendor loan,...
Texas schools fund pulls $8.5bn from BlackRock over ESG investing

Texas schools fund pulls $8.5bn from BlackRock over ESG investing

A Texas school fund told BlackRock on Tuesday it was terminating its contract to manage around $8.5 billion of state money, accusing the investment giant of boycotting fossil fuel energy producers, who represent a large part of the state’s industry. BlackRock...
Platinum Equity considers $2bn Club Car sale 

Platinum Equity considers $2bn Club Car sale 

Private equity firm Platinum Equity has hired advisers from investment bank Goldman Sachs in exploring a sale of golf cart manufacturer Club Car that could value the company at more than $2bn.  The report cites unnamed sources in confirming that Platinum Equity is in...