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According to the terms of the agreement, Clear Channel's common shareholders will receive $2.43 per share in cash.

The PayByPhone deal represents Lightyear’s 18th carve-out transaction and eighth investment in vertical software and payments.

De Giorgi has spent more than 30 years in London serving in key leadership positions for large global banks.

EEI provides services to organizations requiring skilled, regulatory-compliant drone operators across multiple sectors including the built environment, utilities, infrastructure, agriculture, logistics, media, security and defence.

The businesses are based in Italy and the Netherlands.

The deal values TSG at around €1.8 billion, according to sources close to the matter.

Rapid Energy supports organizations during planned shutdowns, unexpected HVAC failures, and periods of peak demand, helping maintain operational continuity with reliable heating, cooling and climate-control systems.

The firm has just sold business process outsourcing company Parseq to Paragon Group

In this role, they will continue to source, execute, and oversee investments while also assuming broader leadership responsibilities across the firm's investing platform.