Private Equity
Sulak, Marlin Equity exec, steps back; Insight weighs $1.8B InhabitIQ sale; In defense of private equity
2 min read · 14 October 2019
Clayton, Dubilier & Rice said Oct. 14 that Jean-Luc Belingard was named an operating adviser to CD&R funds. Belingard was previously chairman and CEO of bioMérieux and Ipsen Group, and CEO of Roche Diagnostics.
2 min read · 14 October 2019
Lindsay Goldberg and American Securities LLC agreed Oct. 14 to buy the management services business of AECOM. AECOM said in a separate statement that the deal was valued at $2.405 billion or 11.6x expected fiscal 2019 adjusted EBITDA. Management services, of Germantown, Maryland, is a contractor to the U.S. federal government and serves various departments and agencies, including the Department of Defense and the Department of Energy. Services include program and facilities management, environmental management, training, logistics, consulting, systems engineering and technical assistance, and systems integration and information technology.
3 min read · 14 October 2019
Lovell Minnick Partners said Oct. 14 that completed its buy of Billhighway. Financial terms weren’t disclosed. Billhighway, of Troy, Michigan, provides software and payments solutions to membership-based organizations.
4 min read · 14 October 2019
WeWork is considering two financial rescue plans, the New York Times reported. One plan would hand control of the business to SoftBank of Japan, its biggest shareholder, and another that would raise billions of dollars of debt with the help of JPMorgan Chase, the story said. WeCompany directors are to meet Monday afternoon to decide on the packages, the NYT said.
1 min read · 14 October 2019
EQT is in talks to buy EdgeConneX in a deal valued at a minimum of $2.5 billion, Bloomberg reported Oct. 11. Providence Equity Partners is selling the infrastructure services provider EdgeConneX, Buyouts reported in September.
1 min read · 14 October 2019
Thoma Bravo has offered to buy Sophos for $7.40 a share or about $3.9 billion. Sophos is a UK cybersecurity company.
2 min read · 14 October 2019
KKR said Oct. 14 that acquired a majority stake in Hyperoptic Ltd. Newlight Partners LP and Mubadala Investment Co were the sellers. Financial terms weren’t announced. Hyperoptic is a UK residential gigabit broadband provider.
5 min read · 14 October 2019
Eric de Montgolfier was named CEO of Invest Europe. Most recently, de Montgolfier worked at Brussels-listed investment manager Gimv.
3 min read · 14 October 2019
Lovell Minnick Partners said Oct. 14 that completed its buy of Billhighway. Financial terms weren’t disclosed. Billhighway, of Troy, Michigan, provides software and payments solutions to membership-based organizations.
4 min read · 14 October 2019
