DB Schenker Could Attract Private Equity in $20B Sale, Hg and TPG Top-Off Visma Investment, Madison Dearborn's 10x Return on Insurance Broker
Private equity news the week of December 25th, 2023.
Recent Insights
Chart of the Week: Although 2023 was a lull period for buyout activity, we still saw several large deals globally. The largest buyout of 2023 was Japan Industrial Partner’s acquisition of Toshiba, followed by Silver Lake’s take-private of Qualtrics, and GTCR’s majority-stake in Worldpay.
More Insights
- The 100 Largest Private Equity Buyouts of All-Time (Read More)
- Private Equity Firms Are Increasing Exposure to These Industries (Read More)
- AI in Private Equity Report (Read More)
- The Profile of a Private Equity-backed CEO (Read More)
- Meet KKR’s Portfolio Operations Group (Read More)
Deal News
German rail operator Deutsche Bahn is said to be taking bids for its logistics business, DB Schenker. The company is one of the world’s largest air and ocean freight service providers and could attract private equity suitors. Bankers say a buyout could range between $13 billion and $22 billion, depending on the terms. Schenker had an operating profit of $1.1 billion in 2023, down from $2 billion in 2022. If the company can’t find an outright buyer, it will likely seek an IPO. (Source)
Norwegian software provider Visma sold $1.1 billion of shares to a group of new investors, including Jane Street, that values the company at $21 billion. The deal includes an additional $3.3 billion of capital from existing shareholders, including Hg Capital and TPG. Visma has been raising money to fund international expansion. (Source)
Madison Dearborn Partners and HPS Investment Partners will exit middle-market insurance broker NFP for $13.4 billion to Aon. Vahe Dombalagian, who sits on NFP’s board, helped lead Madison Dearborn’s initial buyout for $1.3 billion in 2013. (Source)
