Private equity execs have grown more positive about deals and the credit markets, according to a survey.
Part of a new breed of mega sector firms, Vista Equity Partners, a San Francisco-based technology buyout firm, closed its latest fund, Vista Equity Partners Fund IV LP, having raised $3.5 billion, the firm announced. The amount was $1 billion more than the fund’s initial $2.5 billion target, which Vista attributed to “exceptional LP demand.” […]
Private equity firms see a buying opportunity as United Technologies tries to fund its biggest-ever deal with a little M&A.
The Resolute Fund II, L.P., an affiliate of The Jordan Company, has acquired VT Services Inc. from Babcock International Group. Terms of the deal were not released. VT Services is a provider of engineering and logistics services for U.S. Department of Defense customers. PRESS RELEASE The Resolute Fund II, L.P., an affiliate of The Jordan […]
Australian gas pipeline owner Hastings Diversified Utilities Fund received a $1.25 billion takeover offer from a consortium including a Canadian fund manager on Tuesday, setting up a bidding war against APA Group, Reuters reported. APA left its options open on Tuesday, extending its A$1.1 billion ($1.1 billion) hostile bid by two months to July 31 […]
KPS Capital Partners, via the newly formed company W Foundry International, has agreed to acquire ThyssenKrupp Waupaca. Terms of the deal were not released. ThyssenKrupp Waupaca is the largest iron foundry company in the world and produces gray and ductile iron castings using state-of-the-art technology, the firm said in a written release. PRESS RELEASE KPS […]
Symphony Technology Group said Tuesday that it has acquired Source Healthcare Analytics from Wolters Kluwer. Financial terms weren’t announced. Symphony Technology will combine Source Healthcare with its existing portfolio company, ImpactRx, to form Symphony Health Solutions. PRESS RELEASE Symphony Technology Group (STG), a strategic private equity firm with the mission of investing in and building […]
Superior Capital Partners has bought the gourmet desserts division of Heinz North America. Financial terms weren’t announced. The new entity will be called Dianne’s Fine Desserts and will be led by Michael Knowles as CEO and Daniel Scales as President. Headquartered in Newburyport, Mass., the company will have about 500 employees. PRESS RELEASE Superior Capital […]
Juniperus Capital Holdings, which is backed by Aquiline Capital Partners, said Monday that Chris McKeown has joined as CEO effective immediaqtely. Marsh & McLennan Cos. in April took a minority stake in Juniperus. McKeown succeeds Phil Lotz, who will remain executive chairman. McKeown was recently Vice Chairman of North America Broking at Guy Carpenter. PRESS […]
Want to buy an industrial company? The price tag will be rich.