Briefings
Weekly news about private equity buyouts and portfolio companies.
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.
Bain and Reverence Pay $4.5B to Take Envestnet Private
Plus: Macy’s stock falls after failed PE buyout, Blackstone wins the Hipgnosis bidding war, and CD&R and Permira team up to target French cybersecurity.
Bain Capital Exits Varsity Brands After Six Years, Doubles EV
Plus: Sanofi's $20 billion consumer business attracts flurry of PE interest, Goldman seeks higher bids for B&B Hotels, and Permira is expanding its climate investment team.
EQT is Trying to Close a Rare Gaming Industry Deal
Plus: Blackrock acquires Preqin for private markets data, PAI Partners bids on Spanish telecom company, and New Mountain Capital closes $15.4 billion fund.
Bain's Offer to Buyout Bapcor Seen as 'Reset' for Company
Plus: KKR is raising $20 billion for a new North America fund, Andreessen Horowitz is getting into private equity, and KPS Capital Partners exits $4 billion packaging company.
Ardian's Interest in Heathrow and Airports
Plus: Advent acquires stake in Fisher Investments, CVC-owned Zabka prepares for IPO, and Carlyle's CEO says returns in Japan have been 'extraordinary.'
Bain Capital's Big Bet on EdTech with PowerSchool
Plus: Carlyle's Japan fund has pipeline of 300+ targets, TPG goes on buying spree in downtown Manhattan, and AE Industrial Partners exits Belcan.
Energy Capital Partners Reloads for More Sustainable Investments
Plus: Paramount agrees to merge with Skydance Media, Blackstone circles back for Hipgnosis, and 777 Partners fails to acquire Everton football club.
Carlyle Lands More Funding for Japan Buyouts
Plus: CVS seeks PE partner for health clinic, Hg acquires AuditBoard for $3 billion, and tortilla chip maker Xochitl acquired.
Why Permira is Acquiring Squarespace
Plus: Warburg Pincus and Bain Capital battle it out for PowerSchool and TA Associates looks to exit AffiniPay after 5X'ing EBITDA.
Can Private Equity Fix Peloton?
Plus: Permira acquires Squarespace for $6.6 billion and KKR inks three new buyouts in Asia.
Why KKR and Apollo Are So Interested in Paramount
Plus: $6B buyout of US utility company Allete, EQT acquires tech consultancy Perficient, and Sycamore leads buyout interest for Nordstrom.