Dealmaking

PE HUB Second Opinion

In Second Opinion, Flipkart CEO Binny Bansal resigns over allegations of "serious personal misconduct," GE is planning on raising $4 billion by selling its shares in Baker Hughes and Amazon makes it official: New York City and Arlington, Virginia will be its second co-headquarters.

FleetCor vies for Western Union's business-payments arm

How debt investors are getting in on the buy-and-build trend

The volume of add-on acquisitions has shot up recently, and firms are using this trend to add more leverage to their debt portfolios.

Johnson Controls sells its power business to Brookfield in $13 billion deal: Reuters

Johnson Controls International Plc (JCI.N) said on Tuesday it would sell its power solutions business, which makes car batteries, to investment firm Brookfield Business Partners L.P., in a cash deal valued at $13.2 billion.

PE HUB Wire Highlights, 11.13.18

One Equity to exit Sonneborn in $655 mln sale; Kellogg puts Keebler, Famous Amos on the block; A big secondaries deal just went down north of the border

PE HUB First Read

First Read begins the day with news that French startup BlaBlaCar is acquiring Ouibus, Kellogg is exploring a sale of its cookies and fruit snacks businesses, and Amazon picks NYC and Northern Virginia for its second and third headquarters.

PE HUB Second Opinion

In Second Opinion, Snap’s vice president of content Nick Bell is leaving the company, Rabobank is mulling over a sale of its U.S. retail wealth operations and comics legend Stan Lee dies at 95.

Private Equity Jobs of the Week: Z Capital, TZP, Prudential and Credit Suisse are hiring

This week’s jobs include a senior vice president at Prudential, associates at Z Capital and TZP and an analyst at Credit Suisse.

Graycliff sells Impakt for about $329 mln

Graycliff Partners has sold Impakt Holdings LLC to Celestica for about $329 million. Based in California and South Korea, Impakt provides design, engineering and agile manufacturing solutions for the display, solar and other capital equipment industries.

Nuance Communications nears sale of imaging division, say sources: Reuters

Speech-recognition software provider Nuance Communications Inc (NUAN.O) is nearing a deal to sell its imaging division to Kofax, a company owned by private equity firm Thoma Bravo LLC, for about $500 million, sources told Reuters.