Global blank-check deal volumes, or mergers through special purpose acquisition companies (SPACs), have surged to a record $170 billion this year, already outstripping last year’s total of $157 billion, Refinitiv data showed. The record number of deals comes as SPACs...
Parmenion has become the latest platform to be snapped up by a private equity house, with Standard Life Aberdeen announcing its £102m sale to Preservation Capital Partners. The deal is part of SLA’s plan to simplify its business and focus on its core platforms –...
Cerberus Capital Management, L.P. announced today that its middle-market direct lending platform, Cerberus Business Finance, completed the final close of its latest flagship fund, Cerberus Levered Loan Opportunities Fund IV. Fund IV closed with $2.4 billion of equity...
Buyout firm Apax Partners is pitching its second digital fund focused on midmarket technology companies just weeks after collecting $11 billion for its latest main investment pool. London-based Apax is seeking $1.5 billion for Apax Digital II LP and expects to hold a...
CVC Capital Partners is nearing a deal to acquire European over-the-counter drugmaker Cooper for about $2.6 billion, people familiar with the matter said. The private equity firm is negotiating detailed terms of an agreement with Cooper’s owner, Charterhouse Capital... 