Blackstone has sold its stake in UK-based auto parts distributor Alliance Automotive Group (AAG) to listed US trade buyer Genuine Parts Company in a deal giving the business an enterprise value of $2bn.
Announcement follows a series of discussions with potential strategic and financial investors
Board of the UK-based listed pharmaceuticals company has agreed to the offer
Venture capital firm Felix Capital appoints Susan Lin and Julien Codorniou as its new partners
Private equity suitors could preempt the auction given the popularity of the space