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Not all PE firms are postponing exits as evidenced by CD&R's sale of its stake in naviHealth.
A scuttled buyout gets hit with litigation and CD&R makes good coin from exiting naviHealth.
Forescout has filed a complaint with the Delaware Court of Chancery asserting that affiliates of Advent have violated the terms of their merger agreement with Forescout.
Advent stalls its take-private buyout of Forescout while Carlyle and GIC may be able to walk away from a deal with American Express GBT.
Spruce Point's Ben Axler, an activist investor in Forescout, told PE Hub that indications the transaction could fall apart surfaced soon after the deal was struck.
Advent International has delayed its previously announced $1.9 billion buyout of Forescout Technologies due to the COVID-19 pandemic, reported the Wall Street Journal.
A new study shows the effects of the coronavirus meltdown on deals and H.I.G. Capital seeks to raise $1.25 billion for a new fund focused on challenging situations.
The new normal has created new avenues for communicating with LPs, managing the firm’s employees and giving back to the community, Lawson said.
As independent practitioners providing non-essential care have been disproportionately negatively impacted, Sun's portfolio companies have the ability to expand.
Lenders can terminate their agreement if the transaction doesn't close by June 30, meaning without an expedited trial, the deal is likely toast.
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