Investment firm Linqto has terminated its $700-million deal to go public by merging with Blockchain Coinvestors Acquisition Corp, the blank-check company said on Monday. In April, the investment platform Linqto had...
AT&T sells stake in DirecTV to TPG for $7.6 bln
AT&T said on Monday it would sell its entire 70% stake in satellite TV provider DirecTV to private equity firm TPG for $7.6 billion, exiting a business marked by declining distributions for the telecom operator...
Asset manager TPG close to buying Germany’s Techem for $7.8 bln, Financial Times reports
U.S.-based asset manager TPG is close to finalizing a 7 billion euro ($7.80 billion) deal to acquire German metering firm Techem, the Financial Times reported on Monday, citing people familiar with the matter. TPG may...
TPG in lead to buy stake in Creative Planning at $15 billion valuation, sources say
Buyout firm TPG has emerged as the frontrunner to pick up a minority stake worth $2 billion in Creative Planning, in a deal that could value the wealth management firm at more than $15 billion, people familiar with the...
Holding firm proposes merger between subsidiary of Brazil’s Vamos Locacao and Automob
Simpar, the controlling shareholder of Brazil’s vehicle rental service Vamos Locacao and dealership Automob, has proposed a merger involving the two firms, it said in a corporate filing on Sunday. The merger would...
Italy picks UBS Europe, White & Case as advisers for Poste stake sale
Italy’s Treasury said it had picked UBS Europe SE and White & Case Europe LLP as financial and legal advisers for the stake sale of around 14% in postal service Poste Italiane. The Italian postal service is...
Morgan Stanley’s private equity arm explores sale of HVAC firm Sila, sources say
Morgan Stanley’s middle-market buyout arm is exploring a sale of Sila Services that could value the residential services company at about $1.5 billion, including debt, people familiar with the matter said on...
Biden still opposes Nippon Steel deal’s bid for U.S. Steel
U.S. President Joe Biden said on Friday his opposition to Nippon Steel’s $14.9 billion bid for U.S. Steel hadn’t changed despite a decision by his administration to extend a national security review of the...
UK clears Amazon’s AI partnership with Anthropic
Britain’s competition regulator said on Friday Amazon’s artificial intelligence partnership with startup Anthropic will not be referred for a deeper probe as it did not fall under its jurisdiction. The...
UK’s LTG set to recommend $1.06 bln takeover bid from General Atlantic
London-based Learning Technologies Group (LTG) is set to agree to a 792 million pounds ($1.06 billion) takeover bid by U.S. private equity firm General Atlantic if a formal offer is made, the corporate education group...
Shale producer Validus to buy Citizen Energy in deal worth over $2 billion, sources say
Privately held oil and gas producer Validus Energy has struck a deal to buy rival Citizen Energy for more than $2 billion, including debt, according to people familiar with the matter. A record consolidation wave has...
TPG buys minority stake in wealth manager Homrich Berg
Private equity firm TPG has agreed to buy a minority stake in Homrich Berg, an investment that would allow the wealth management firm to pursue growth opportunities, the companies said on Thursday. No financial terms...
