Briefings
Weekly news about private equity buyouts and portfolio companies.
TPG’s $7.6B Acquisition of AT&T’s DirecTV Creates Cable Giant
Plus: TPG eyes three other deals, Clearlake and Francisco Partners team up for Black Duck, and Ares bets on the Miami Dolphins.
TPG Launches Wealth Management Comeback with $2B+ Shopping Spree
Plus: Koch’s PE arm eyes a Forbes acquisition, Apollo mulls a $5B capital injection into Intel, and M&A slows for PE-backed companies.
Hellman & Friedman’s $3.3B Valuation of GMR Among Largest PE Music Plays
Plus: Vistra buys itself back from Nuveen and Avenue, KKR splits up Axel Springer, and exits will likely pick-up with Fed cut.
Why Did Vista, Blackstone Up the Price on Smartsheet to $8B?
Plus: Permira closes on Squarespace, CVC loses its €16B DB Schenker deal, and interest rates show weak correlation on US buyout activity.
Can GTCR’s $2.7B AssetMark Deal Weather a Wealth Management Slowdown?
Plus: TPG buys Altimetrik, 26North inks its first deal, and Birch Hill bets big on Canadian pharmacies.
Deutsche Bahn’s Logistics Unit Is Flailing – Can CVC’s €14B Bid Save It?
Plus: Cybersecurity companies make enticing PE targets, Wynnchurch adds on Iconex’s label solutions to M2S, and the NFL accepts eight PE firms into the fold.
$3.8B for Vantive’s $4.5B Revenue – Behind Carlyle’s Dialysis Deal
Plus: PE broadens feeder firms for operating partner recruitment, Thoma Bravo exits $2.9B Trader Corp, and Grant Thornton, Evolent Healthcare, and Redwood Software seek PE buyers.
Cinven Sells JAGGAER to Vista, Doubles EV
Plus: Recession indicators are on the rise, Apollo and EQT make sustainable investments in Europe, and Francisco Partners makes 15x its money on QGenda sale to Hearst.
Why KKR Keeps a Steady Hand on Japan
Plus: Neuberger Berman values Nord Anglia schools at $15B, EQT eyes cybersecurity, and Apax takes a long-held asset private – three years after leading its IPO.
Towerbrook Victorious in Battle with New Mountain for R1 RCM
Plus: Sixth Street acquires Enstar, Apollo takes US Silica private, and PE firms hold onto tech assets for longer periods.
Gambler’s Fallacy? Behind Apollo’s $6.3B IGT-Everi Take-Private
Plus: KKR buys a wealth management firm while Permira looks to sell its own, ADIA weighs a $1.1B ice cream venture, and Hamilton Lane invests in NJ-based Cosette Pharmaceuticals.
KKR Cashes In on Historic Run for Japanese Chipmaker Kokusai Electric
Plus: Platinum Equity acquired aircraft landing gear manufacturer, Qatalyst Partners seeks buyer for $6.6 billion Smartsheet, and Madison Dearborn exits LinQuest.