by Sebastian | Sep 8, 2021 | ITPEC, News
British industrial technology group Smiths has agreed to sell its medical division to U.S.-based ICU Medical for $2.4bn, it said on Wednesday, scrapping an earlier $2bn deal with private equity firm TA Associates. Shares in London-listed Smiths rose 4% in early trade...
by Sebastian | Sep 8, 2021 | ITPEC, News
Cinven, the private equity firm, is close to wrapping up a takeover of True Potential, a wealth management platform which works with a fifth of Britain’s army of financial advisers. Sky News has learnt that Cinven was on Tuesday night on the verge of signing a...
by Sebastian | Sep 8, 2021 | ITPEC, News
Blackstone Group has agreed to buy the Chamberlain Group in a deal that values the family-owned maker of LiftMaster garage-door openers at about $5bn including debt, officials from the companies said. The private-equity giant is doing the deal through its core...
by Sebastian | Sep 8, 2021 | ITPEC, News
Global private equity firm Carlyle said on Wednesday it led a $312m funding round for Japanese biotech company Spiber, joining other global investors in betting on a growing number of late-stage Japanese startup firms. Carlyle’s $91m stake in Spiber represents the...
by Sebastian | Sep 8, 2021 | ITPEC, News
Private equity firm TSG-backed Dutch Bros is aiming for a valuation of over $3.3bn in a U.S. initial public offering, a regulatory filing by the coffee chain showed on Tuesday. Dutch Bros, founded in 1992 by brothers Dane and Travis Boersma in Oregon, plans to raise...
