UPDATE: KPMG close to £400m sale of restructuring arm

UPDATE: KPMG close to £400m sale of restructuring arm

KPMG is close to selling its restructuring division to a private equity firm as part of a deal that could see a former head of Deloitte run the newly separated business. HIG Europe is in exclusive talks to buy the restructuring arm for about £400 million. If the deal...
Advent Set to Merge Payment Firms Into $3 Billion Company

Advent Set to Merge Payment Firms Into $3 Billion Company

Private equity firm Advent International is planning to merge portfolio companies Transaction Services Group and Clearent, which both provide payment services, according to people with knowledge of the matter. A deal could be announced as early as Thursday, the people...
3D printer maker Markforged to go public via $2.1 bln SPAC deal

3D printer maker Markforged to go public via $2.1 bln SPAC deal

3D printer maker Markforged said on Wednesday it agreed to go public through a merger with a blank-check firm backed by venture investor Kevin Hartz, in a deal valuing the equity of the combined company at $2.1 billion. The deal with one, sponsored by ticketing site...
Exxon to divest some UK, North Sea assets for over $1 billion

Exxon to divest some UK, North Sea assets for over $1 billion

Exxon Mobil Corp will sell non-operating interest in its UK and North Sea exploration and production assets to private-equity fund HitecVision for more than $1 billion, as the oil major seeks to free up cash and focus on some mega projects. The deal includes holdings...