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KKR Agrees to Cash Buyout of ContourGlobal
Private equity firm KKR has agreed to purchase power generation company ContourGlobal in a $2.16 billion deal aimed at enhancing its presence in renewable energy. The deal is likely to be completed, given the backing of ContourGlobal’s largest shareholder, Reservoir Capital, which holds just over 70% of the company...
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Carlyle Group to Acquire NSM Insurance
The private equity firm Carlyle Group will acquire NSM Insurance Group from White Mountains Insurance Group. NSM, a specialty insurance programs administrator, is valued at about $1.78 billion...
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Shell to Buy Indian Renewables Company Sprng Energy
As it moves away from oil and gas, Shell has indicated that it intends to buy the India-based renewable power platform Sprng Energy for $1.55 billion. Shell said it would acquire Solenergi Power Private Limited, Sprng Energy’s parent company, from U.K.-based investor Actis...
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Blackstone Announces $7.6 Billion Acquisition of PS Business Parks
Blackstone, the world’s largest real estate investor, intends to buy PS Business Parks for $7.6 billion, including debt, the company announced in late April. Blackstone said its real estate affiliates will pay $187.50 per share to PS Business Parks shareholders as part of the take-private deal, which is expected to close in the third quarter of this year...
Natus Medical to Go Private After Acquisition
Following a $1.2 billion acquisition deal, Natus Medical will once again be a private company. After about 20 years as a publicly traded entity, the Wisconsin-based medical device and software company has agreed to a deal with ArchiMed, a French healthcare-focused private equity firm...
Epic Games Gets $2 Billion Investment From Sony and Lego
Fortnite maker Epic Games has raised $2 billion in funding from Sony and Lego, giving the video game and software developer a $31.5 billion valuation. Each company will provide $1 billion, Lego’s share coming from KIRKBI, the family-owned investment company behind the iconic toy company...
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Nielsen Agrees To $16 Billion Acquisition
A private equity group will acquire the iconic audience measurement company Nielsen Corporation in an all-cash deal worth $28 per share, or $16 billion, including assumption of debt, the company reported in late March...
EQT Buys Baring Private Equity Asia For $7.5 Billion
Stockholm-based EQT is set to acquire one of the largest private equity firms in Asia, Jean Salata’s Baring Private Equity Asia, in a deal worth $7.5 billion. The deal is expected to be completed in the fourth quarter...
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Founded In A Barn, Software Firm Anaplan Bought By Thoma Bravo...
U.S. private equity colossus Thoma Bravo has purchased British enterprise software firm Anaplan for $10.7 billion. Thoma Bravo will pay $66 per share for Anaplan in an all-cash transaction...
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KKR Looks To Invest $17B In Infrastructure, Says Public Sources Of...
Private equity firm KKR is looking to invest $17 billion in infrastructure projects worldwide, focusing on broadband, in particular. The U.S. and other wealthy countries are already devoting a substantial amount of money to improving infrastructure, but KKR doesn’t think it’s enough...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...