The PE energy game: Carlyle Group purchases a stake in Spanish oil giant Cepsa

The Carlyle Group (NASDAQ:CG) – market cap as of 08/04/2019: USD 6.34bn Introduction On April 8, 2019, the US PE giant Carlyle announced its decision to acquire up to 40% of the capital of the Spanish multinational Cepsa from the sovereign fund of the United Arab Emirates Mubadala for up to $4.8 bn. The transaction […]

Looking ahead: BlackRock and KKR to buy oil pipelines in the UAE for $4bn

BlackRock, Inc. (NYSE: BLK) – market cap as of 26/02/2019: $69.83 bn KKR & Co Inc Class A (NYSE: KKR) – market cap as of 26/02/2019: $18.97 bn Introduction On February 24th 2019,the Abu Dhabi National Oil Company (ADNOC) announced a landmarked partnership between the national state-owned oil company and two of the world’s leading […]

How Fast is Fast Enough? Advent International to acquire tech components manufacturer Laird for £1.2bn.

Laird plc (LON: LRD) – market cap as of 09/03/18: £979.8 m Introduction On March 1, 2018, Advent International announced it will acquire the UK electronic components producer Laird plc for £1.2bn, or £2/share. The deal marks yet another conquest for private equity firms in search for viable targets to employ their record amounts of […]

Private equity firm Apollo braving the merger markets with its hunt on a burglar-alarm vendor ADT

Apollo Global Management; market cap as of 19/02/2016: $2.70bn ADT Corporation; market cap as of 19/02/2016: $6.59bn   Introduction US private equity firm Apollo Global Management has agreed to buy ADT, an American home-security company, paying c.$11bn for a total enterprise value in the so far biggest leverage buyout of this year. Apollo aims to […]

A highly levered money-mover First Data to go public – “Will the offer be sexy enough for investors?”

KKR & Co. LP; Market Cap (as of 03/10/2015): $7.85bn First Data Corporation; Market Cap (as of 03/10/2015): N.A.   Introduction On October 1st, 2015 the KKR-owned payment-processing company, First Data, announced the launch of its initial public offering, aiming to raise about $3.7bn. Apart from being the biggest US listing so far this year, […]

“Wanna Play Big: Scale Up!” – Starwood Waypoint Residential Trust to Acquire Colony American Homes

Starwood Waypoint Residential Trust; market cap (as of 26/09/2015): $953.73m Colony American Homes; market cap (as of 26/09/2015): N.A. Introduction On September 21 Starwood Waypoint Residential Trust (NYSE: SWAY) and Colony American Homes (CAH), two of the largest U.S. single-family home landlords, agreed on the merger in an all-stock deal that would create a real […]

The show must go on: Cirque du Soleil parts ways with its founder for $1.5bn

  On April 21, 2015 Canadian avant-garde circus operator, Cirque du Soleil, announced an agreement to sell a majority stake of its business to a private equity consortium led by TPG Capital Management, also including Fosun Capital group, Caisse de dépôt et placement du Québec and a Québec businessman Mitch Garber. The deal’s worth is estimated […]

M&A drama: Endo takes on a spoiler role in the Valeant bid for Salix

Endo International Plc; Market Cap (as of 13/03/2015): $15.4bn Salix Pharmaceuticals Ltd; Market Cap (as of 13/03/2015): $10.8bn Valeant Pharmaceuticals Intl, Inc.; Market Cap (as of 13/03/2015): $63.9bn The pharmaceutical sector has turned into a war-zone again with of the bidding war between two aggressive dealmakers and two ex-colleagues: Mr. Rajiv De Silva of Endo […]

Altice: cable-telecom operator with the soul of a buyout fund

Altice SA; Market Cap (as of 06/03/2015): €24bn Altice’s use of high levels of debt to fund its consolidation of the cable and telecoms sector in Europe has raised many eyebrows among investors and analysts, but so far the risks seem to be paying off. Since it’s initial public offering at the start of 2014, […]

“In God we trust, all others bring data”: Carlyle to buy Dealogic

The Carlyle Group LP; market cap (as of 7/11/2014): $9.08bn The Carlyle Group LP; AUM (as of 30/09/2014): $203bn On November 5, a consortium led by the global asset manager The Carlyle Group announced the acquisition of Dealogic, a provider of software and data platforms to investment banking industry, from its management and founders in […]

Tyco sells its Korean unit to Carlyle for $1.93bn: the largest private equity buyout in Korea since 2008

Tyco International: Mkt Cap $20.23bn (as of 07/03/2014) The Carlyle Group: Mkt Cap $1.72bn (as of 07/03/2014) On 3rd March, Tyco, the world’s largest fire alarm and security system company, announced that it will be selling its Korean unit ADT Korea to the private equity Carlyle Group. Carlyle is paying $1.93bn in cash, making it […]

Blackberry buyout (risk arbitrage)

After the huge operating loss and the consequent job-cutting of the second quarter, Blackberry received an offer to go private by Fairfax Financial Holdings Limited for $9 per share. Fairfax holds the 9.9% of Blackberry and is doing the due diligence; on November 4th the company will give more details. There are a lot of […]