by Sebastian | Jul 9, 2021 | News
Altria Group said on Friday it would sell its Ste. Michelle Wine Estates business to private equity firm Sycamore Partners for $1.2bn, as the tobacco giant looks to focus its business on cigarette alternatives for smokers. The Marlboro maker’s shares rose 3% in...
by Sebastian | Jul 9, 2021 | News
Indian ride-hailing firm Ola, backed by Japan’s SoftBank Group Corp, said on Friday private equity firms Temasek and Warburg Pincus are investing $500 million in the startup ahead of its planned initial public offering (IPO). Ola did not give details on its IPO plans,...
by Sebastian | Jul 9, 2021 | News
Stamps.com said on Friday private equity firm Thoma Bravo will buy the e-commerce shipping solutions provider in a deal valued at $6.6bn. Under the terms of the agreement, Stamps.com stockholders will receive $330.00 per share in cash representing a premium of 67...
by Sebastian | Jul 9, 2021 | News
Graphite Capital, a UK mid-market private equity specialist, has agreed to sell U-POL, a manufacturer and distributor of automotive repair and refinishing products, to Axalta Coating Systems. Headquartered in Philadelphia, United States, Axalta is a global...
by Sebastian | Jul 9, 2021 | News
LDC, the private equity arm of Lloyds Banking Group, provided £180m of investment to back eight new management teams and to support its portfolio companies in the first half of 2021. The firm said its eight new investments demonstrated an ‘increasing appetite and...
by Sebastian | Jul 8, 2021 | News
Parexel, owned for the past four years by Pamplona Capital, was seeking a sale or an IPO. Today, the rumors stopped as the CRO loudly declared it is being bought out for $8.5bn by EQT and Goldman Sachs Asset Management. The deal gives Pamplona a healthy return on the...
