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...
Providence Equity Partners Seeks $6bn for Newest Fund

Providence Equity Partners Seeks $6bn for Newest Fund

Providence Equity Partners, one of the private-equity industry’s oldest sector-focused firms, is pitching its latest flagship fund to investors after a successful management transition last year. The firm is targeting $6 billion for its newest main buyout fund and...
KKR $12bn Telecom Italia Bid Faces Vivendi Opposition

KKR $12bn Telecom Italia Bid Faces Vivendi Opposition

KKR & Co. is setting the stage for a battle of control at Italy’s biggest phone company with a $12.2bn bid pitting the U.S. private-equity fund against France’s Vivendi SE. Vivendi, the largest shareholder in Telecom Italia SpA, is unlikely to support KKR’s 50.5...