This Week’s Biggest News in the Private Equity Markets – Week 22

At Private Equity Insights we have gathered this week’s biggest news in the private equity and venture capital markets.

1. KKR, CD&R Strike $5.3 Billion Deal to Buy Cloudera

Private-equity firms KKR & Co. and Clayton Dubilier & Rice LLC agreed to buy Cloudera Inc. for roughly $5.3 billion in a deal that would take the software company private.

The pair on Tuesday said they would pay $16 a share for the data-cloud company, representing a roughly 24% premium to where the shares closed Friday.

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2. PE-backed Klarna seeking new funds at close to $50 bln valuation

Swedish payments firm Klarna is close to raising a new round of funding from a group of investors including SoftBank that could lift the company’s valuation close to $50 billion, three sources told Reuters.

The latest fundraising is expected to be Klarna’s final private round before the fintech giant, Europe’s most valuable startup, sets the stage for a blockbuster stock market listing, two of the sources said.

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3. Brookfield to Spend $1.2 Billion on London Offices

Canadian private equity giant Brookfield Asset Management Inc. is set to buy two properties in and around the City of London, the Times reported.

Plantation Place, an 18-story building that houses the offices of Accenture UK Ltd. and Aspen Insurance UK Ltd, is being sold for 635 million pounds ($901 million), and Milton Gate, a glass-fronted office block, for 215 million pounds, according to the Times.

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