TPG Exploring a Sale of Mobile-Home Firm Strive Communities

TPG Exploring a Sale of Mobile-Home Firm Strive Communities

Private equity firm TPG is exploring the sale of Strive Communities, an operator of mobile-home parks that could fetch $750 million or more, according to people with knowledge of the matter. The firm, working with an adviser, is set to begin soliciting interest from...
Apax nets over fivefold return from €1.3bn Idealista sale

Apax nets over fivefold return from €1.3bn Idealista sale

Apax Partners has secured more than five times return multiple on the sale of Spanish online real estate listings platform Idealista to EQT, a person familiar with the transaction told Private Equity News. The €1.3bn deal is expected to close in December,...
Advent to back Swiss travel retailer Dufry

Advent to back Swiss travel retailer Dufry

Travel retailer Dufry plans to launch a capital increase to raise roughly 500 million Swiss francs ($548m) and has secured the support of private equity firm Advent International. The company said that its shareholders will meet on 6 October to approve the issue of...
Blackstone: Railroad Rejects $20 Billion Offer

Blackstone: Railroad Rejects $20 Billion Offer

Kansas City Southern has rejected a roughly $20 billion takeover offer from a group of investors, arguing that the bid undervalues the railroad operator, according to people familiar with the matter. Global Infrastructure Partners and the infrastructure arm of...