LONDON: British food business Hilton Food Group said on Tuesday it has agreed to sell a stake in its supplier management platform, Foods Connected, to the Apax Global Impact Fund for £22 million ($28 mln), marking a strategic step to scale the technology-led platform. The Apax Global Impact Fund, advised by private equity firm Apax…
Tag: Private equity
Partners Group to exit PCI Pharma in Bain-Kohlberg-led deal
LONDON: Partners Group, one of the largest private markets investment managers globally, has agreed to sell its longstanding stake in PCI Pharma Services in a deal led by Bain Capital and Kohlberg & Company, the firms said on Tuesday. The transaction, which values PGPE Ltd’s interest in the global contract development and manufacturing organization (CDMO)…
DCC plc to sell UK and Ireland info tech business to AURELIUS for £100 million
LONDON: DCC plc said Monday it has reached a definitive agreement to sell its UK and Ireland Info Tech business to AURELIUS, a global private equity investor, in a deal valuing the unit at approximately £100 million. The transaction, which is expected to close in the fourth quarter pending regulatory approvals, reflects a cash-free, debt-free…
HgCapital Trust invests £48 million in cybersecurity compliance leader A-LIGN to fuel global expansion
LONDON: HgCapital Trust plc (LSE: HGT), a London-listed private equity investment trust, has announced a £48 million investment in A-LIGN, a Tampa-based cybersecurity compliance firm, as part of a broader strategic acquisition by Hg, a leading investor in software and services businesses. The transaction, funded through the Hg Genesis Fund alongside other institutional clients, marks…
Schroder British Opportunities Trust invests in UK insurance broker JMG Group
LONDON: Schroder British Opportunities Trust plc (SBO) has announced a new private equity investment in JMG Group, one of the United Kingdom’s fastest-growing insurance brokerages. The investment is being made through Synova, a long-standing private equity partner of Schroders Capital and the majority shareholder in JMG since 2020. Founded and headquartered in the UK, JMG…
HKW acquires Electric Equipment & Engineering Co. to expand engineered power solutions portfolio
DENVER: Middle-market private equity firm HKW has acquired Electric Equipment & Engineering Co. (EEE), a longtime manufacturer of engineered electrical power products serving the power, telecommunications and broadband industries. Founded in 1922 and based in Denver, EEE designs and manufactures customized AC and DC power distribution products, including switchgear, generator connection boxes, transfer switches and…
Olo Inc. to be acquired by Thoma Bravo in $2 billion all-cash deal
NEW YORK: Olo Inc. (NYSE: OLO), a leading open SaaS platform for restaurants, announced Friday it has entered into a definitive agreement to be acquired by software investment firm Thoma Bravo in an all-cash transaction valued at approximately $2.0 billion. Under the terms of the agreement, Olo shareholders will receive $10.25 per share in cash,…
Baker Steel Resources Trust to receive $5.16 million from sale of Prognoz Royalty stake
LONDON: Baker Steel Resources Trust Ltd. said Wednesday that it expects to receive approximately $5.16 million in cash in the third quarter, following the divestment of a key royalty interest in a Russian silver project. The company announced that PAL, in which it holds a 49.99% interest, has signed a binding agreement to sell its…
Oakley Capital Invests in Heritage Brands Smythson, Fornasetti and FPM
LONDON: Oakley Capital Investments Limited announced Tuesday that its Iconic BrandCo platform is expanding with investments in three premium lifestyle brands: Smythson of Bond Street, Fornasetti and Fabbrica Pelletterie Milano (FPM). The move strengthens Oakley’s portfolio of luxury heritage brands under Iconic BrandCo, a vehicle established in 2020 under Oakley Capital Fund III. Oakley Capital Investments’…
Brightstar Capital Partners completes PlayAGS acquisition in $1.1 billion deal
NEW YORK: Private equity firm Brightstar Capital Partners has completed its acquisition of PlayAGS, Inc. (NYSE: AGS), a global gaming supplier, in a deal valued at approximately $1.1 billion, company said on Monday. The transaction, first announced May 9, was finalized after receiving approval from AGS stockholders and necessary regulatory clearances. AGS shareholders will receive…
McGraw Hill files for U.S. IPO
McGraw Hill, a leading textbook publisher and educational course provider owned by billionaire Tom Gores’ Platinum Equity, filed for an initial public offering (IPO) in the U.S. on Friday, according to a statement. The move comes nearly four years after Platinum Equity acquired the company for $4.5 billion and aligns with a resurgence in the…
KKR to acquire Zenith Energy in major infrastructure investment
SYDNEY: Global investment firm KKR has signed definitive agreements to acquire Zenith Energy, an independent power producer specializing in hybrid power solutions, from a consortium of investors. Zenith’s founder and management will retain a minority stake in the company. The deal positions Zenith for long-term growth, supported by strong sector fundamentals and macroeconomic tailwinds. The…