Private Equity
Keensight Capital said July 24 that it agreed to buy a majority of Smile. Financial terms weren’t announced. Smile, of Paris, provides digital open-source services, including consultancy, integration and outsourcing.
4 min read · 24 July 2019
CVC is taking another dividend payment of up to 620 million euros ($691.2 million) out of Tipico, Reuters is reporting. The deal brings total shareholder payments to more than 1 billion euros since CVC acquired the German sports betting group in 2016, the story said. CVC will no longer have an equity stake after the current dividend, Reuters said.
1 min read · 24 July 2019
Starwood Capital Group and Apollo Global Management are bidding for the aircraft-financing business owned by General Electric Co, Bloomberg reported. GE is selling PK AirFinance, a subsidiary of the conglomerate’s broader aircraft-leasing business known as GECAS, the story said. The unit could fetch $4 billion, Bloomberg said.
1 min read · 24 July 2019
Continental has acquired Ann Arbor, Michigan-based Northern Vending Company, a vending machine supplier. No financial terms were disclosed. Continental is backed by New Heritage Capital.
2 min read · 23 July 2019
BC Partners is near a deal to acquire a majority of Garda World Security Corp, the Wall Street Journal reported. BC Partners will have 51 percent while Stephan Cretier, Garda’s founder and CEO, will have the rest alongside management, the story said. The deal values Garda at around C5.2 billion ($4 billion), the WSJ said.
1 min read · 23 July 2019
UK-based Onecom, a business telecommunications provider, has secured 100 million pounds in funding. The investors were LDC and Ares Management.
4 min read · 22 July 2019
Gauge Capital has recapitalized Iselin, New Jersey-based Schlesinger Global LLC, a provider of market research solutions. No financial terms were disclosed for the transaction that was done in partnership with Schlesinger's owners and management team.
2 min read · 18 July 2019
Kohlberg & Company has agreed to acquire Warrenville, Illinois-based EN Engineering, a utility services firm. The seller was General Atlantic. No financial terms were disclosed.
3 min read · 18 July 2019
Thomson Reuters has acquired London-based HighQ, a collaboration platform for the legal and regulatory market. No financial terms were disclosed. HighQ is a portfolio company of One Peak Partners, Goldman Sachs Private Capital and Morgan Stanley Expansion Capital.
2 min read · 18 July 2019
Frontline Education said July 18 that it agreed to buy Perennial EdTech from Alpine Investors. Financial terms weren’t announced. Perennial EdTEch is a group of education software companies.
3 min read · 18 July 2019
