LONDON: British engineering company Smiths Group Plc (SMIN.L) said on Wednesday it has agreed to sell its Smiths Detection business to funds advised by private equity firm CVC Capital Partners for an enterprise value of 2.0 billion pounds ($2.55 billion). The proposed deal marks the second major divestment by Smiths as it executes a…
MAHWAH – Majesco, a leading cloud-native software provider for the insurance industry, has agreed to acquire Vitech Systems Group, a move that consolidates two key players in the insurance and retirement benefits technology sector. The acquisition, backed by Majesco’s private equity owner Thoma Bravo and a new minority investment from Vitech’s owner, CVC Capital Partners,…
LONDON: Athora Holding Ltd., a pan-European savings and retirement services provider, announced Thursday it will acquire Pension Insurance Corporation Group Ltd. (PICG), the parent company of Pension Insurance Corporation plc (PIC), for approximately £5.7 billion. According to a statement, the transaction marks a significant shift for PIC, which will, for the first time in…
Intertrust N.V. and CVC Capital Partners are contemplating a strategic combination of Intertrust and TMF Group B.V., a leading multinational professional services business.