Dealmaking

Apollo to take U.S. Silica private for $1.85bn; Madison Dearborn and HPS completes NFP sale for $13bn

Apollo taking industrial minerals firm U.S. Silica private for $1.85 billion; sponsor-backed take private transactions decreased in 2023; Madison Dearborn Partners and HPS Investment Partners complete sale of NFP for $13 billion; OpenGate Capital signs on to Ownership Works.

OpenGate Capital bags 9.8x MOIC with SMAC exit

SMAC is a French waterproofing and building envelope systems supplier.

OpenGate parts with waterproofing supplier

Thoma Bravo relights Darktrace interest.

TPG, AlpInvest, Pantheon back IK’s insurance single-asset deal

The transaction comes off the back of at least three other insurance-focused continuation fund deals in Europe over the past half-year.

6 deals that show PE's warm feeling for solar energy

KKR, EQT and Excelsior Energy Capital are some of the firms picking up opportunities with solar investments.

GTCR to take AssetMark private for $2.7bn; Blackstone buys Tropical Smoothie Cafe

LLCP sells Tropical Smoothie Cafe to Blackstone.

Mayfair Equity Partners makes team promotions

Nick Keegan and Yusuf Hoballah have been promoted to partners.

Concord ups Hipgnosis bid above Blackstone; UK’s Labour plans rail nationalisation

UK vet review reaction.

KKR to take control of Nexeye from 3i

Nexeye is a European optical company.

Abris Capital elevates Tomasz Kujawa to partner level

Abris is an ESG transformation specialist private equity fund manager.