European buyout giant EQT AB struck a $7.5 billion cash and stock deal to buy rival private-equity firm Baring Private Equity Asia, a big bet on the growth of Asia’s private markets. The deal, announced Wednesday, will...
Private-equity group reaches deal to buy Medline for over $30 billion
A group of private-equity firms reached a deal to acquire Medline Industries Inc. that would value the medical-supply company at more than $30 billion, in one of the largest leveraged buyouts since the financial crisis...
Private-equity funds bid for Philippine hospitals group – sources
Buyout firms such as KKR, Blackstone and CVC are competing to buy a stake in the hospital unit of Philippines’ Metro Pacific Investments Corp, people with knowledge of the matter said. Metro Pacific Investments, which...
Arconic weighs buyout approaches from private-equity firms: WSJ
Aluminum products maker Arconic Inc is weighing takeover approaches from at least two private-equity groups, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The company’s shares...
Chipmaker Broadcom sells remote-access unit to KKR in $4 billion deal
Chipmaker Broadcom is selling a unit that allows users to access desktops and applications from any device to private-equity firm KKR in a $4-billion deal to streamline its portfolio after the $69-billion purchase of...
Amundi buys Alpha Associates in latest private markets tie-up
Amundi, Europe’s biggest fund manager, said on Wednesday it will buy Zurich-based private markets specialist Alpha Associates, part of a growing trend of investors betting on fast-growing alternative assets...
M&A deals in Permian basin exceeds $100 billion in 2023 – WoodMac
The value of U.S. oil and gas mergers and acquisitions in the Permian basin this year has reached a record of more than $100 billion after several multi-billion dollar deals, consultancy Wood Mackenzie said in a news...
Private equity backed US peach farm files for bankruptcy to pursue sale
Prima, a private-equity-backed farmer that is the largest producer of peaches and other stone fruit in North America, filed for Chapter 11 bankruptcy protection in Delaware on Friday. The company, owned by private...
Meal distributor GS Foods explores $1.5-billion sale, sources say
GS Foods Group is exploring a sale that could value the private-equity-owned meal distributor at more than $1.5 billion, including debt, according to people familiar with the matter. Highview Capital and A&M Capital...
Australia’s InvoCare agrees to revised $1.2 bln buyout offer from TPG
Australia’s InvoCare Ltd said it has agreed to a lower takeover offer from U.S. private-equity firm TPG Global, valuing the funeral service provider at A$1.8 billion ($1.18 billion) following exclusive due...
US trucking firm Yellow files for bankruptcy, blasts Teamsters
Some 30,000 workers at Yellow Corp were looking for jobs on Monday after the major trucking company filed for Chapter 11 bankruptcy protection, potentially saddling U.S. taxpayers with losses from a government rescue of...
US oil M&A jumps as private equity unloads shale assets
U.S. oil and gas deals rebounded in the second quarter as private equity firms shed shale portfolio investments and publicly traded oil firms grabbed smaller rivals. U.S. oil exploration and production deals last...