Publicis Groupe holds sale talks with private equity investor

Publicis Groupe holds sale talks with private equity investor

Publicis Groupe has held talks about a possible sale or transaction with a private equity investor. It is thought that members of Publicis Groupe’s senior leadership had discussions in Paris with executives from the private equity firm as recently as December. One...
PE deal activity to set a new high as Spacs arrive in Europe

PE deal activity to set a new high as Spacs arrive in Europe

Private equity deal activity in Europe will set a new high this year and top €480bn, according to analysts at PitchBook, as record dry powder, tepid inflation and low interest rates drive activity. While the Covid-19 pandemic has resulted in additional lockdowns...
Apax-backed ThoughtWorks gets $720m investment

Apax-backed ThoughtWorks gets $720m investment

Software consulting firm ThoughtWorks said it received a $720m investment at an enterprise value of $4.6bn from four new investors, including a pair of sovereign wealth funds. In addition to Singapore’s GIC Private and Abu Dhabi’s Mubadala Investment, the new...
IPO Values Thoma Bravo SPAC At $900mn

IPO Values Thoma Bravo SPAC At $900mn

Thoma Bravo, a private equity firm focused on the software and technology-enabled services sectors, has completed its IPO for Thoma Bravo Advantage, a special purpose acquisition company (SPAC) that has been valued at $900mn. The shares will be listed on the New York...
Blackstone set for £900m bet on Butlins

Blackstone set for £900m bet on Butlins

US private equity firm Blackstone is closing in on a stake in the owner of Butlin’s holiday resorts as it looks to cash in on higher demand for staycations after the pandemic. The investment giant is in advanced talks with Bourne Leisure over acquiring a significant...