Take Private
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
TDR to de-list BCA Marketplace in £1.9bn deal
Price gives the car auction business an enterprise value multiple of 12.5x its adjusted EBITDA
KKR launches offer for Axel Springer at €63 per share
Friede Springer and CEO Mathias Döpfner, who hold 45.4% of shares, will form a consortium with KKR
Triton submits bid for Thomas Cook’s Nordic business
Group is evaluating the offer for its operations and airline in Norway, Sweden, Finland and Denmark
Charterhouse agrees £668m Tarsus take-private
Deal values shares in the Irish media and events business at 17x its average EBITDA in 2017 and 2018
H&F, Blackstone's offer for Scout24 rejected by shareholders
Scout24's management and supervisory boards supported the consortium's offer of €46 per share
KKR acquires controlling stake in Telepizza in €604m deal
GP, which already owns a 28.57% stake, will reach 56.29% and will be able to de-list the company
H&F, Blackstone's take-private of Scout24 stalls – reports
Shareholders resist a voluntary takeover offer following a rise in Scout24's share price
PAI to buy Elior's Areas in €1.54bn deal
Proceeds of the Areas division sale will be used to reduce Elior's leverage ratio
