Private Equity
Mastercard and Visa have made strategic investments in Plaid, said Zach Perret, Plaid’s co-founder and CEO, in a blog post. Financial terms weren’t announced.
1 min read · 17 September 2019
Norwest Equity Partners said Sept. 17 that it completed the sale of its investment in GoHealth to Centerbridge Partners. NEP is retaining a stake in GoHealth. The deal was announced in August.
3 min read · 17 September 2019
Endeavor, the talent agency backed by Silver Lake, is targeting an $8 billion valuation in an upcoming IPO, the Financial Times is reporting. Endeavor, which own William Morris Agency and IMG, could raise as much as $712 million, the story said.
1 min read · 17 September 2019
4 min read · 17 September 2019
Advent International, Cinven and the Abu Dhabi Investment Authority have joined forced to bid for ThyssenKrupp’s lifts business, the Financial Times is reporting. EQT has dropped out of the race while Kone, the Finnish maker of elevators, and Japan’s Hitachi are expected to bid, the story said. Thyssenkrupp is examining options for its lifts business which could sell for more than $20 billion, the FT said.
1 min read · 17 September 2019
1 min read · 16 September 2019
Accel-KKR close $1.8B deal for more time to manage 2008 fund; Linden, Audax invest in Frazier's HOPCo; Banks losing $280M in payments revenue
2 min read · 16 September 2019
Blackstone has agreed to buy Dream Global REIT in a deal valued at C$6.2 billion ($4.7 billion). Terms of the deal call for Dream Global unitholders to receive $16.79 a share. Dream Global, of Toronto, owns and operates a portfolio of office and industrial properties located in Western Europe with a focus on Germany and the Netherlands.
10 min read · 16 September 2019
ORIX Corp USA said Sept. 13 that Yoshiteru (Terry) Suzuki will become president and CEO of the firm effective Sept. 15. Suzuki succeeds Hideto Nishitani, the current president and CEO, who will return to the Tokyo headquarters of ORIX Corp to assume a new role as Assistant to the CEO of ORIX.
3 min read · 16 September 2019
Mosaic Acquisition Corp is buying Vivint Smart Home in a deal that will create a merged company with an initial enterprise value of approximately $5.6 billion. Vivint provides smart home products and cloud-enabled services to 1.5 million subscribers across 98 percent of the zip codes in the U.S., and in Canada. Blackstone is investing $100 million in cash, while Fortress Investment Group is providing $125 million cash. Mosaic Acquisition is the blank check company from David Maura, the former chairman of Spectrum Brands Holdings and managing director of hedge fund Harbinger Capital Partners.
10 min read · 16 September 2019
