Vendis Capital seals €290m Sylphar sale to EQT’s Karo Pharma

Vendis Capital seals €290m Sylphar sale to EQT’s Karo Pharma

Vendis Capital has sealed a €290m sale of Belgian teeth, mouth and skincare products business Sylphar to EQT portfolio business Karo Pharma. The private equity house bought Sylphar in 2017 from Concordia. The company was formed in 2007 by company CEO Robin List, who...
Blackstone GP Stakes business shutters fund at $5.6bn

Blackstone GP Stakes business shutters fund at $5.6bn

Blackstone on Monday announced the final close of Blackstone Strategic Capital Holdings II at $5.6bn. The commingled fund specializes in value-added, long-term minority ownership interests in the management companies of private equity firms, according to a Blackstone...
French manager Ardian starts work on IPO

French manager Ardian starts work on IPO

Paris-based private equity investor Ardian has started making preparations for an initial public offering, Bloomberg reported, potentially adding it to a growing list of publicly traded PE firms. The asset manager, which has around $120 billion in assets under...
UPDATE: Cinven pulls out of £1.5bn takeover battle for Sanne

UPDATE: Cinven pulls out of £1.5bn takeover battle for Sanne

Private equity firm Cinven has bowed out of the potential bidding war to buy FTSE 250 asset manager Sanne Group. London-based Cinven made a series of takeover offers for Sanne earlier this year, sweetening its final offer to 875p per share, valuing the firm at around...