Take Private
Madison Dearborn acquires IPLP for C$981m
CDPQ, the company’s largest shareholder, will retain 24.9% of shares through a subsidiary
BC Partners backs Ima in €3.6bn deal
BC Partners and Sofima will launch a mandatory tender offer to acquire all remaining Ima shares
Five Arrows to take Harvest private
Holdco plans to file a proposed public buyout offer with French regulator AMF at €90 per share
Blackstone to continue preparations to acquire NIBC
Blackstone's offer comprises 995 euro cents per share, including the final dividend of 33 cents
Huntsworth board accepts £524m offer from CD&R
Takeover offer implies an entry multiple of 10.8x adjusted EBITDA of £48.4m
Triton buys 76% stake in Renk
Parent company VW began looking for strategic options for the company in May 2019
Advent completes £4bn acquisition of Cobham
Advent drew equity from its $17.5bn Advent IX vehicle, which writes equity tickets of $100m-1bn
Mayfair-backed GCI to acquire Nasstar for £79.4m
Mayfair draws equity from its second fund, which closed on £650m, to support the acquisition
Unquote Private Equity Podcast: Taking stock
Listen to the latest episode of the Unquote Private Equity Podcast, dedicated to the resurgence of take-privates
UK-focused GPs getting creative with buyout sourcing
In 2019, 10 take-privates have been agreed in the UK and Ireland to date, up from five in 2018
Advent's £3.9bn Cobham take-private likely to go ahead
Advent made a takeover offer of 165 pence per share in cash, which represents a 34% premium in July
Argos Wityu to de-list EPC Groupe in take-private
Argos will back the France-based manufacturer and distributor of explosives for civil use
Sovereign acquires Murgitroyd in £62.8m deal
Sovereign will pay 13.8x EBITDA for the intellectual property attorney service
Thoma Bravo acquires Sophos in $3.9bn deal
Apax Partners, which holds a 10.15% stake in the cybersecurity firm, will sell its holding
Take-privates thrive amid growing pressure to invest
Public-to-private deals are back in fashion, with a record number of transactions
Lovell Minnick, Pantheon to acquire Charles Taylor in £261m deal
US-based Lovell Minnick has made an offer for listed insurance services business Charles Taylor
Advent et al. bid for ThyssenKrupp elevators division
Carlyle, CVC, KKR, and Blackstone Group are also reported to be interested in the unit
Advisory firm recommends Advent's £3.9bn offer for Cobham
BlackRock, M&G and Legal & General each hold more than 2% of shares in the aerospace company
KKR to take Axel Springer private
KKR will draw equity from its European Fund V, which held its interim close on €4.7bn in April
Cerberus to acquire Optimum Re Spain at €70.25m valuation
Cerberus first made an offer for the Barcelona-based real investment trust in July 2019
Armonia buys stake in Milan-listed Biodue
GP intends to take the company private and boost its expansion via additional acquisitions
Advent International agrees £4bn take-private for Cobham
Proposed share price represents a 50.3% premium on the average value across the last three months
Bain, Carlyle place takeover bid for Osram at €35 per share
Bain and Carlyle have placed a takeover offer for the lighting manufacturer, valuing it at €3.9bn
Blackstone et al. agree £4.77bn Merlin take-private
Proposed transaction also includes co-investment from CPPIB and the investment arm of Lego
