Apollo Bids $4.3 Billion for Tenneco Powertrain Unit

Apollo Bids $4.3 Billion for Tenneco Powertrain Unit

Apollo Global Management Inc. has offered to buy Tenneco Inc.’s powertrain business for $4.3 billion, according to people familiar with the matter. The private equity firm’s bid, described by people who asked not to be identified because the matter isn’t public,...
Kohlberg Targets $3 Billion for Latest Fund

Kohlberg Targets $3 Billion for Latest Fund

The private equity firm’s ninth flagship vehicle would exceed its $2.2bn predecessor   Kohlberg & Co. is seeking to raise the largest buyout fund in its 32-year history, according to a public pension document. The vehicle, Kohlberg Investors IX LP, has a...
Serial-Entrepreneurs Sells Company at $200 Million Valuation.

Serial-Entrepreneurs Sells Company at $200 Million Valuation.

Danish serial entrepreneurs Mads Faurholt and Stefan Bruun have sold their stake in the comparison platform CompareAsiaGroup through their investment company Nova Founders Capital at a price that values the company at more than $200 million. The sale follows just...
Private equity owners go on a ‘buy and build’ spree in Europe

Private equity owners go on a ‘buy and build’ spree in Europe

According to Silverfleet Capital’s monitor, there were 368 add-on deals in the first half of 2019 Private equity-backed companies in Europe made 368 add-on acquisitions in the first half of the year — the highest ever recorded for the period since 1998, according to...