HgCapital has acquired the talent management software unit of StepStone ASA (LSE: STPS), for €110 million.
Insight Equity has acquired a control stake in American Civil Constructors Holdings Inc., a provider of civil and landscape construction services in the Denver and San Francisco areas. No financial terms were disclosed.
The much-rumored, much-hyped buyout of Fidelity National Information Services has ballooned in size: In just one week, the value of the rumored LBO zoomed from $10 billion to a whopping $15 billion. The private equity industry is looking for any reason to party, of course. It's no wonder that Fidelity National has become a giddy flashpoint for potential renaissance of big-time private equity dealmaking. 2007 redux! What's not to be excited about? Not so fast. Fidelity National is not in the same mold as those big 2007 buyouts at all. Unlike those deals, in which a single firm typically splashed out billions of dollars, it's going to take three big private equity firms to pay for Fidelity National: Blackstone Group, THL Partners and TPG Capital. So take heed: The club deal, not the megadeal, is more likely to determine the future of private equity.
Waud Capital Partners has sold Hospitalists Management Group to AEA Investors for an undisclosed amount. Waud acquired a majority stake in the company in 2006.
MILAN (Reuters) – Intesa Sanpaolo SpA (ISP.MI) is in preliminary talks with U.S. private equity fund Hellman & Friedman on taking a stake in its Banca Fideuram asset manager, the Italian bank said on Tuesday. The talks are for Hellman & Friedman to take a minority holding in Fideuram, Italy’s biggest asset manager, when it […]
HgCapital has agreed to acquire Frösunda LSS AB, a Swedish provider of specialist disability care, from Dutch private equity firm Polaris. No financial terms were disclosed.
(Reuters) – The top shareholder in Transurban Group (TCL.AX) slammed a decision by the Australian toll road operator to reject a $3.7 billion buyout offer on Wednesday and said it had overpaid for its latest acquisition. “We can see no logic in his decision and conclude the company has a disregard for the interests of […]
NEW YORK (Reuters) – A private equity deal for Fidelity National Information Services Inc (FIS.N), currently being negotiated, could be worth around $15 billion if a buyout is agreed, a source familiar with the situation said on Tuesday. Three big private equity firms have teamed up to bid for Fidelity National, sources familiar with the […]
HONG KONG (Reuters) – An investing arm of Goldman Sachs (GS.N) is in the final stages of an agreement to buy AXA’s $1.05 billion stake in Taikang Life, China’s No.4 life insurer, according to sources close to the matter. The auction pitted Goldman against private equity firms and Singapore’s Temasek Holdings. AXA (AXAF.PA) and Goldman […]
LONDON (Reuters) – Terra Firma Capital Partners has successfully raised 105 million pounds ($155.4 million) to stave off a bank foreclosure on British music group EMI, the Wall Street Journal reported on Tuesday. The newspaper, which quoted people familiar with the situation, said EMI had until Friday to inform lender Citigroup (C.N) that it had […]