EQT to launch sale of German energy services firm Getec in Q3

EQT to launch sale of German energy services firm Getec in Q3

Buyout firm EQT is preparing to launch the sale of German energy services firm Getec after the summer break and has mandated an investment bank to oversee the process, people familiar with the matter said. EQT, which bought a 60% stake in Getec in 2016, is working...
Apollo-backed SPAC looks to raise $400 million through U.S. IPO

Apollo-backed SPAC looks to raise $400 million through U.S. IPO

An affiliate of private equity firm Apollo Global Management Inc is looking to raise $400 million for a blank-check company through a U.S. initial public offering, a regulatory filing showed on Wednesday. Spartan Acquisition Corp IV, a special purpose acquisition...
Private equity firm Advent has profit over 300% on Brazil deal

Private equity firm Advent has profit over 300% on Brazil deal

Private equity firm Advent International had a profit of around 300% in its investment in Brazilian supermarket chain BIG after agreeing to sell it to Carrefour Brasil for $1.4 billion. According to public data, since acquiring 80% of BIG for a token value from...
Bertelsmann’s BMG and KKR team up to acquire music rights

Bertelsmann’s BMG and KKR team up to acquire music rights

Global music publisher BMG said on Wednesday it was teaming up with private equity house KKR to acquire music rights, following on from its recent deal to acquire the back catalogue of British rocker Mick Fleetwood. The alliance seeks to capitalise on the boom in...