According to sources familiar with the matter at hand, Elliott Management Corp and Vista Equity Partners are close to acquiring Citrix Systems Inc in a deal that values the Citrix at around $13 billion. The deal could be officially announced as… Read More ›
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Advent International led consortium to take McAfee Corp private in $14 billion deal
In a statement McAfee Corp said, a consortium led by U.S. private equity firm Advent International has decided to take it private in a $14 billion deal. The development comes at a time when the coronavirus-induced COVID-19 pandemic had led to… Read More ›
KKR acquires Britain’s John Laing Group for $2.84 billion, takes it private
On Wednesday, in a statement KKR, a private equity firm, said it aims to acquire John Laing Group in a deal that values the British infrastructure investor at around $2.84 billion (2 billion pounds). The development makes John Laing the… Read More ›
Jessica Alba co-founded Honest Company Inc raises $412.8 million in IPO
In a statement, actress Jessica Alba founded Honest Company Inc said, it has priced its initial public offering (IPO) slightly above the midpoint of its indicated price range, raising $412.8 million. Late on Tuesday, the company said it had sold 25.8… Read More ›
AT&T sells minority stake to buyout firm TPG Capital, trims debt
In a statement AT&T Inc said, it plans on selling nearly a third of its stake in DirecTV to buyout firm TPG Capital in a deal that values the business at $16.25 billion. Less than 6 years ago it had… Read More ›
Cloud-communications firm Twilio Inc nears deal to invest $750M in Syniverse Technologies LLC
According to a report from the Wall Street Journal, Twilio Inc, a cloud-communications firm, is in talks to invest around $750 million in Syniverse Technologies LLC. The investment is slated to be announced later today, which could be followed by… Read More ›
WeWork in talks to go public through SPAC
According to a source familiar with the matter at hand, WeWork is in talks to go public through a merger with a special purpose acquisition company (SPAC); it is also seeking funds from private investors a little more than a… Read More ›
With $875 million BlackRock emerges as single largest shareholder in U.S.-based entertainment company Authentic Brands
BlackRock’s new private equity fund invested made its maiden investment in Authentic Brands and emerged as its single largest investor. In a significant development, BlackRock Inc’s new private equity fund – Long Term Private Capital (LTPC) – has completed its… Read More ›