Private equity firm Clearlake Capital is to take cloud computing and management software provider Cornerstone OnDemand private in a deal worth $5.2bn. Under the terms of the deal, Cornerstone shareholders will receive $57.50 per share in cash, a 15 percent premium...
Blackstone Group, Apollo Global Management and KKR are among lenders providing a $1.8bn loan to back Thoma Bravo’s leveraged buyout of Medallia, the latest in a series of giant-sized deals in the direct-lending market over the past few weeks. The unitranche loan...
A consortium led by private equity firm CBC Group is in advanced talks to acquire Bain Capital’s controlling stake in Seoul-listed cosmetic pharmaceutical company Hugel Inc., according to people familiar with the matter. The investor group could include a South Korean...
2021 is a record breaking year for private equity deals in the UK, as ‘corporate raiders’ target cheap British companies on the stock market. Low interest rates have created a dream environment for private equity, which typically relies on borrowing to...
The Australian investment bank Macquarie has returned to the UK water industry – four and a half years after leaving Thames Water saddled with debt – buying a majority stake in Southern Water for more than £1bn. The infrastructure investor promised to put the utility...
