PEI Staff
In Second Opinion, Google is said to put Boston Dynamics up for sale in robotics retreat, TPG is reportedly vying for a stake in India’s state-owned IDBI Bank, Founders Fund is said to have raised $1 bln for new fund.
London-based private equity firm Campbell Lutyens hired Jeffrey Griffiths as a principal in its London office and Andrew Symons as a senior vice president in New York.
The Riverside Company agreed to make a majority investment in UK-based Guestline Ltd, a provider of software for the hospitality sector. Financial terms of the transaction were not disclosed.
Partners Group said Thursday it closed its sixth private equity secondaries fund at its hard cap of 2.5 billion euros ($2.83 billion). The fund's predecessor, Partners Group Secondary 2011, raised 2 billion euros and closed in 2012.
Liberty Hall Capital Partners acquired UK-based Bromford Industries, a supplier of engine and landing gear parts for the aerospace and power generation industries. Terms of the transaction were not disclosed.
HIG Capital made a strategic investment in Halex Istar to facilitate the acquisition of Isofarma. Both companies are Brazilian providers of pharmaceutical parenteral solutions. Financial terms of the transactions were not disclosed.
Clearlake Capital Group LP led a recapitalization of oilfield services provider Globe Energy Services LLC. Terms of the transaction were not disclosed.
Cinven entered into exclusive negotiations to sell Prezioso Linjebygg Group to France's Altrad Group for an undisclosed amount. Prezioso, which was acquired by Cinven in 2012, is a Norwegian provider of technical and engineering services to the energy and infrastructure sectors.
Middle market private equity firm Tailwind Capital invested in New Jersey-based Diversified, which offers media technology, engineering, and integration services. In connection with the investment, Diversified acquired Technical Innovation, a provider of presentation technology and broadcast solutions. MSouth Equity Partners, Technical Innovation’s former owner, is a minority investor in the combined company. Financial terms of both transactions were not disclosed.
In First Read, Bill Ackman's Pershing Square is down 26.4 percent from toxic Valeant, Apple signs deal with Google Cloud Platform, reducing its reliance on AWS, and Vista Equity sets a $10 billion upper limit for its sixth flagship fund, reports the WSJ.