CD&R-owned Core & Main eyes $7.5bn valuation in U.S. IPO

CD&R-owned Core & Main eyes $7.5bn valuation in U.S. IPO

Maintenance services company Core & Main Inc said on Tuesday it was targeting a valuation of up to $7.5 billion in its initial public offering in the United States. Core & Main, which is looking to list on the New York Stock Exchange, is owned by investment...
Advent sells Allnex for $4.75bn

Advent sells Allnex for $4.75bn

US private equity firm Advent International has agreed to sell German coating resins manufacturer Allnex to PTT Global Chemical for $4.75bn. The deal is expected to close in Q4 2021, subject to regulatory approvals. Allnex has around 4000 employees worldwide and...
Apollo co-founder Harris plans to raise own fund

Apollo co-founder Harris plans to raise own fund

Joshua Harris, co-founder of private equity firm Apollo Global Management Inc, is looking to raise his own fund, Bloomberg News reported on Tuesday, citing people familiar with the matter. Harris, who founded Apollo along with Leon Black and Marc Rowan in 1990, will...
Hg to Make $1bn Investment in Insightsoftware

Hg to Make $1bn Investment in Insightsoftware

Hg is investing around $1bn in private equity-backed financial-reporting software company insightsoftware, according to a filing made Tuesday with U.K. regulators. The equity investment values insightsoftware at about $4 billion, and gives Hg joint control of the...