LONDON: Aztiq has agreed to sell its majority stake in Adalvo to global investment firm EQT, expanding EQT’s portfolio in the pharmaceutical sector across Europe, Asia Pacific and the Americas. Founded by Aztiq in 2018, Adalvo has grown into a leading business-to-business pharmaceutical company, employing more than 280 staff and maintaining over 170 commercial partnerships…
LONDON: Senior plc, an international manufacturer of high-technology components and systems, announced Friday it has reached a binding agreement to sell its Aerostructures business to UK-based private equity firm Sullivan Street Partners. The transaction carries a total potential enterprise value of up to £200 million ($259 million USD). The deal positions Senior to become a…
LONDON: Apax Global Alpha Limited (AGA) said on Wednesday it expects to invest approximately €4.5 million indirectly in Northern Ireland-based food tech firm Foods Connected, through its limited partnership in the Apax Global Impact Fund (AGI). AGI has reached an agreement to acquire Foods Connected from Hilton Food Group Plc, with the transaction expected to…
Blackstone Inc (NYSE: BX) said on Monday it will invest more than $25 billion through its infrastructure and real estate funds to expand Pennsylvania’s digital and energy infrastructure, a move expected to spur an additional $60 billion in third-party investment across the state. The private equity giant aims to transform the Commonwealth into a strategic…
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…
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)…
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…
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…
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…
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…
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,…
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…