Private Equity
London Stock Exchange Group plc (LSEG) has agreed to acquire Refinitiv, a London, U.K.-based provider of financial markets data and infrastructure, in an all-share deal valued at about US$27 billion. The agreement was struck with a consortium led by Blackstone Group and Thomson Reuters, and including Canada Pension Plan Investment Board, which last year acquired Refinitiv, formerly Thomson Reuters’ financial and risk unit. It will see Refinitiv shareholders hold an about 37 percent interest in LSEG and less than 30 percent of the total voting rights. The transaction is expected to wrap up in the second half of 2020. Thomson Reuters is controlled by Canada’s Thomson family.
9 min read · 01 August 2019
Carlyle goes full C-corp; Glendower's $2.7bn for secondaries; and how to level up on diversity. Here’s today's brief, for our valued subscribers only.
4 min read · 01 August 2019
Canadian mid-market private equity firm Ironbridge Equity Partners has promoted Anthony Creo and Connor Kingston to vice president. Creo joined the Toronto-based firm in 2015 from Oliver Wyman, where he served as a senior consultant. Beginning as an Ironbridge associate, he was promoted in 2017 to senior associate. Kingston also signed on as an associate in 2015 and was promoted two years later to senior associate. He joined from Ernst & Young Orenda Corporate Finance, where he was an associate. Ironbridge is currently investing from its third fund, Ironbridge Equity Partners III, which raised $238 million in 2016.
2 min read · 31 July 2019
3 min read · 31 July 2019
Power Energy Corp has acquired Nautilus Solar Energy LLC, a Summit, New Jersey-based solar developer and asset manager. No financial terms were disclosed. The sellers were Nautilus management and Virgo Investment Group, a U.S. thematic private equity firm. Virgo invested in 2015. Power Energy is an affiliate of Power Corp of Canada (TSX: POW), a Canadian management and holding company. It said it will support Nautilus' further expansion in key U.S. solar markets. Founded in 2006, Nautilus acquires, develops, executes and manages distributed and utility-scaled generation solar projects in North America. It will continue to manage a solar portfolio developed with Virgo.
4 min read · 31 July 2019
Antin Infrastructure Partners has agreed to acquire Veolia's U.S. district energy business. The enterprise value of the deal is $1.25 billion.
3 min read · 31 July 2019
Confidus Investment Partners has made an investment in London-based EvoluteIQ, an intelligent automation business. No financial terms were disclosed. In addition to the funding, Peter Dahlgren will join EvoluteIQ's board of directors as chairman.
2 min read · 31 July 2019
Wellspring Capital Management has named Alexander G. Bues as head of business development. Bues is the former head of business development for Balance Point Capital.
2 min read · 31 July 2019
Glendower Capital has closed its fourth private equity secondary fund at $2.7 billion. The fund's investors include public and corporate pension funds, sovereign wealth funds, insurance companies, endowments, foundations, wealth platforms and family offices. Debevoise & Plimpton LLP's private funds team served as legal counsel to Glendower.
2 min read · 31 July 2019
Eastdil Secured LLC, a private real estate investment banking company, has named Andy Wimsatt as managing director in its Washington, D.C. office. His appointment is effective immediately. Previously, he worked at CBRE Hotels' Institutional Properties Group.
2 min read · 31 July 2019
