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Topic

Private equity firm

Blackstone to buy Home Partners of America in $6bn deal

Blackstone to buy Home Partners of America in $6bn deal

Published 22 Jun, 2021 07:06pm
  • The US housing sector has become red hot, boosted by a strong economic recovery, ultra-low interest rates and continued demand for bigger homes from people working remotely due to the pandemic.
  • The fundamental premise of the Home Partners platform is to provide residents with the opportunity to live in their chosen home with the option to purchase it.
Thoma Bravo to buy online trading co Calypso Technology

Thoma Bravo to buy online trading co Calypso Technology

Published 22 Mar, 2021 07:27pm
  • The software and tech-focused company did not disclose the financial terms of the deal, which is expected to close in the second quarter of 2021.
  • Earlier this month, data solutions firm Talend agreed to go private in a $2.4 billion all-cash deal with Thoma Bravo.
HSBC in talks to sell French retail banking to Cerberus

HSBC in talks to sell French retail banking to Cerberus

Published 17 Mar, 2021 08:19pm
  • The planned disposal is part of HSBC Chief Executive Noel Quinn's strategy to slash costs across the banking group and Reuters previously reported that Cerberus was among two remaining bidders.
  • Any sale could involve a token price, with HSBC having to plough in some 500 million euros ($595 million) to finance the necessary restructuring, Reuters previously reported.
Auto parts maker Holley to merge with blank-check firm in $1.55bn deal

Auto parts maker Holley to merge with blank-check firm in $1.55bn deal

Published 12 Mar, 2021 06:02pm
  • PE firm MidOcean Partners, which formed the blank-check, has also agreed to invest $50 million in the deal through its MidOcean Fund V.
  • The transaction is expected to close in the second quarter of 2021. Following that, Holley will be listed on the New York Stock Exchange under the symbol "HLLY".
Apollo Global to buy Athene in $11 billion deal

Apollo Global to buy Athene in $11 billion deal

Published 08 Mar, 2021 07:33pm
  • Under the terms of the deal, each outstanding class A common share of Athene will be exchanged for 1.149 shares of Apollo common stock.
  • Existing Apollo shareholders will own about 76% of the combined company, and Athene investors will own the rest.
Sports retailer Fanatics enters China via JV with Hillhouse Capital

Sports retailer Fanatics enters China via JV with Hillhouse Capital

Published 25 Feb, 2021 06:18pm
  • The move by Jacksonville, Florida-based Fanatics, whose annual revenue tops $3 billion, is a bet on what the company sees as untapped demand in China for sports equipment and apparel.
  • China has been a market we followed for a while, and we've been meeting with multiple partners in China trying to figure out how we approach it in the best way.
Three InterPrivate-backed SPACs aim to raise $650mn in IPOs

Three InterPrivate-backed SPACs aim to raise $650mn in IPOs

Published 17 Feb, 2021 06:28pm
  • The special purpose acquisition companies (SPACs) said they would seek to take public companies with an enterprise value of $1 billion or more in the tech and financial services sectors.
  • One of InterPrivate's SPACs, InterPrivate Acquisition Corp , agreed to take public lidar sensor maker Aeva Inc, led by former Apple Inc engineers, through a merger in November last year.
Israeli cybersecurity group CYE raises $100mn from EQT, 83North

Israeli cybersecurity group CYE raises $100mn from EQT, 83North

Published 10 Feb, 2021 07:58pm
  • Cybersecurity has become a focus for businesses as the coronavirus pandemic has pushed employees to work from home, increasing the risk of hacking incidents.
  • CYE supported more than 15 different organisations impacted by the SolarWinds situation in the United States and helped them to recover from the incident.
Bain Capital expands in Japan as Competition Intensifies

Bain Capital expands in Japan as Competition Intensifies

Published 08 Feb, 2021 03:11pm
  • Bain increased its Tokyo headcount by 25 percent as competition among the world’s largest private equity firms grows.
  • Japan continues to be an extremely attractive investment destination for Bain.
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