Mon.Oct 23, 2023

article thumbnail

Vista to acquire software firm EngageSmart in take-private $4bn deal

PE Hub

According to terms of the deal, EngageSmart stockholders will receive $23.00 per share in cash upon completion of the proposed transaction. The post Vista to acquire software firm EngageSmart in take-private $4bn deal appeared first on PE Hub.

219
219
article thumbnail

Apollo, Warburg Pincus, and RRJ Capital Compete for €5bn Vodafone Spain Deal

Private Equity Insights

A consortium led by RRJ Capital, the private equity firm run by former Goldman Sachs Group Inc. banker Richard Ong, is considering an offer for Vodafone Group Plc’s Spanish business, people with knowledge of the matter said. Vodafone has been working with an adviser as it evaluates options for the Spanish business, Bloomberg News reported in July. Warburg Pincus is among those considering a bid for the assets, while Apollo Global Management Inc. has also shown initial interest, people familiar w

Capital 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

AMG invests in Ara Partners

PE Hub

The stake was previously held by Capital Constellation, an investment platform managed by Wafra Inc. The post AMG invests in Ara Partners appeared first on PE Hub.

Investing 215
article thumbnail

BaltCap Leads the Charge with €200m Fund II for Sustainable Infrastructure

Private Equity Insights

BaltCap, the largest private equity fund manager in the Baltics, held the first closing of its €200m target BaltCap Infrastructure Fund II (BInF II). The 20-year successor fund aims to contribute to increasing the resilience of the region with a focus on renewable energy generation, energy demand reduction, and social as well as transport infrastructure investments in the Baltics and Poland.

article thumbnail

True Green Capital sees retail energy expansion via community solar

PE Hub

True Green intends to build 200 MW of community solar projects, and by the end of 2024 it expects to have more than 100 MW of that portfolio constructed. The post True Green Capital sees retail energy expansion via community solar appeared first on PE Hub.

Capital 198
article thumbnail

Stonepeak’s $600m Deal with Akumin

Private Equity Insights

Akumin Inc. announced today that it has reached an agreement with Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and the Company’s stakeholders on the terms of a financial restructuring that will substantially improve the Company’s balance sheet and provide ample liquidity to position Akumin for future success.

Bidding 130

More Trending

article thumbnail

The Greatest Missed Opportunity of Our Lifetimes

The Big Picture

The chart in this morning’s reads shows what it is going to cost to fund the interest payments on the federal debt. It’s gone vertical as rates have moved from effectively 0 to over 5%. When rates were zero all of corporate America refinanced, lowering the cost of their debt to historically low levels. Households did the same; today 61% of homeowners with a mortgage are paying 4% or less in interest.

Debt 132
article thumbnail

Stonepeak to take marine cargo containers leasing company Textainer private for $7.4bn

PE Hub

According to terms of the agreement, Textainer shareholders will receive $50 per share in cash. The post Stonepeak to take marine cargo containers leasing company Textainer private for $7.4bn appeared first on PE Hub.

Companies 192
article thumbnail

It is time we paid nature back

Financial Times: Moral Money

New financial tools are at hand to help us invest in the value of the economic benefits the natural world provides

Investing 135
article thumbnail

Latticework Capital Management backs workers’ comp treatment provider IOH

PE Hub

Headquartered in Dallas, Latticework targets the healthcare industry. The post Latticework Capital Management backs workers’ comp treatment provider IOH appeared first on PE Hub.

Capital 185
article thumbnail

10 Monday AM Reads

The Big Picture

My back-to-work morning train WFH reads: • Charles Schwab Has Had a Terrible Year. The Surprising Reason the Brokerage King Won’t Be Dethroned. For some advisors, the move to Charles Schwab from TD Ameritrade didn’t go smoothly. Chances are, they’ll stick around anyway. ( Barron’s ) • A Recession Is No Longer the Consensus : In WSJ survey, economists lower recession probability below 50% and say Fed is finished raising interest rates. ( Wall Street Journal ) but see Car Owners

Debt 103
article thumbnail

Stonepeak and Vista in multi-billion take-private moves; True Green mulls community solar add-ons

PE Hub

Stonepeak is acquiring Textainer Group for $7.4 billion. The post Stonepeak and Vista in multi-billion take-private moves; True Green mulls community solar add-ons appeared first on PE Hub.

184
184
article thumbnail

Remember the Benefits of Estate Planning

Integrity Financial Planning

Estate planning can be difficult to think about, let alone plan for. Maybe you’ve avoided putting together a concrete plan because you don’t want to think too far into the future when it’s time to pass on what you have. Or maybe you don’t think an estate plan is necessary because you’re not rich enough to warrant one. The truth is that you will probably leave behind things for your family that are important financially and emotionally.

Taxes 93
article thumbnail

General Atlantic to take minority stake in travel distribution platform TBO

PE Hub

When this deal closes, TBO's existing backer Affirma Capital will continue as an investor. The post General Atlantic to take minority stake in travel distribution platform TBO appeared first on PE Hub.

Stakes 163
article thumbnail

Sentinel Trust in the market for its Private Equity XVII Fund

AltAssets

Sentinel Trust, an independent multi-family office, is currently in the fundraising market for Sentinel Private Equity XVII Fund. According to a new Securities Exchange and Commission Filing, the firm has raised around $117m for the new vehicle. The document does not indicate how much Sentinel is looking to secure for the new fund. However, it […] The post Sentinel Trust in the market for its Private Equity XVII Fund first appeared on AltAssets Private Equity News.

Funds 87
article thumbnail

William Blair’s Brian Flynn: ‘We see a thawing in the packaging M&A market’

PE Hub

William Blair has been involved in eight deals in consumer packaging this year as an adviser. The post William Blair’s Brian Flynn: ‘We see a thawing in the packaging M&A market’ appeared first on PE Hub.

158
158
article thumbnail

Stonepeak to take shipping-container company private in deal with enterprise value of $7.4bn.

Private Equity Wire

Stonepeak, a US based infrastructure investor, will be taking Textainer, a company that focuses on purchasing, leasing, and resale of marine cargo containers, private in a $2.1bn deal, according to a report by Reuters. Quoting sources familiar with the matter, the report said that the Bermuda-based company will continue to be led by its current president and CEO, Textainer shareholders will receive $50 a share in cash.

article thumbnail

Oaktree Capital to make $150m investment in Aecon Utilities

PE Hub

Aecon Utilities is a provider of utility infrastructure solutions in Canada operating in four end markets. The post Oaktree Capital to make $150m investment in Aecon Utilities appeared first on PE Hub.

Capital 147
article thumbnail

GHK is back in the fundraising market with sophomore vehicle

AltAssets

Middle-market private equity firm GHK Capital Partners is back in the fundraising market just a year after the close of its maiden fund. The Connecticut-based firm previously raised $410m for GHK Fund I, which was $60m above its initial target and $10m above the hard cap. GHK Fund II has a target of $650m according […] The post GHK is back in the fundraising market with sophomore vehicle first appeared on AltAssets Private Equity News.

article thumbnail

Longview-backed De Havilland Canada acquires MC2 and ADS

PE Hub

With headquarters in Toronto, De Havilland Canada is an aircraft manufacturer. The post Longview-backed De Havilland Canada acquires MC2 and ADS appeared first on PE Hub.

148
148
article thumbnail

AltAssets private equity deal roundup – October 23, 2023

AltAssets

Stonepeak, an alternative investment firm aimed at infrastructure and real assets, has agreed to acquire Textainer Group in a $7.4bn deal. Textainer was founded in 1979 and is one of the world’s biggest lessors of intermodal containers. As part of the deal, common shareholders will receive $50 per share in cash, with the total value […] The post AltAssets private equity deal roundup – October 23, 2023 first appeared on AltAssets Private Equity News.

article thumbnail

P10 appoints Sarsfield as CEO

PE Hub

P10’s co-founders Robert Alpert and Clark Webb, will continue as members of the P10 board and have been elected executive chairman and executive vice chairman, respectively. The post P10 appoints Sarsfield as CEO appeared first on PE Hub.

141
141
article thumbnail

7 Common Bookkeeping Mistakes to Avoid as a Financial Advisor

XY Planning Network

Financial advisors play a crucial role in managing clients' finances and ensuring their financial well-being. However, when it comes to bookkeeping, mistakes can be made that could have significant consequences for you and your clients. Here are seven common bookkeeping mistakes to avoid as a financial advisor.

article thumbnail

HCI appoints Baltz as associate

PE Hub

In this role, Baltz will help evaluate, analyze and monitor investments made by the firm. The post HCI appoints Baltz as associate appeared first on PE Hub.

Investing 150
article thumbnail

Talk Your Book: Equities With Guardrails

A Wealth of Common Sense

Today’s Talk Your Book is brought to you by J.P. Morgan Asset Management: See here for more information on JPMorgan Hedged Equity Laddered Overlay ETF and here for JPMorgan Equity Premium Income ETF. We had Hamilton Reiner, MD, PM, and Head of US Equity Derivatives at J.P. Morgan Asset Management on the show to discuss their latest hedged equity strategy.

article thumbnail

PE-backed Titan Frozen Fruit taps Cutler as CFO and Byrne as commercial development EVP

PE Hub

Santa Maria, California-based Titan is a food ingredient manufacturer and fruit processor. The post PE-backed Titan Frozen Fruit taps Cutler as CFO and Byrne as commercial development EVP appeared first on PE Hub.

139
139
article thumbnail

Chevron to buy US oil producer Hess for $53bn

Financial Times M&A

All-stock deal comes after ExxonMobil acquired Pioneer Natural Resources earlier this month

108
108
article thumbnail

Gemspring acquires call center support services provider Inflow Communications

PE Hub

Gemspring is merging Inflow with portfolio company Amplix, a provider of technology advisory services and software. The post Gemspring acquires call center support services provider Inflow Communications appeared first on PE Hub.

article thumbnail

Dealmakers see Chevron-Hess tie-up as the start of oil ‘arms race’

Financial Times M&A

The $53bn deal has sparked speculation that BP and Shell may feel forced to respond

108
108
article thumbnail

Waud Capital inks partnership with healthcare exec Staley

PE Hub

Waud Capital anticipates investing over $100 million of equity capital to support the initiative. The post Waud Capital inks partnership with healthcare exec Staley appeared first on PE Hub.

Capital 131
article thumbnail

Make the Most Out of Your Open Enrollment Period

Financial Symmetry

It is that time of year again! As we approach the holiday season, many employers will open their employee benefits enrollment period for the year ahead. Are you prepared to take full advantage of the benefits that are offered? Beyond … Continued The post Make the Most Out of Your Open Enrollment Period appeared first on Financial Symmetry, Inc.

article thumbnail

The Decision to Have Children: A Financial Decision, but Other Factors Revealed During An In-Class Discussion

Ron A. Rhodes

There are three very large financial decisions in life, in terms of the level of expenditures undertaken over the course of one’s lifetime: Each of these decisions involves hundreds of…

69
article thumbnail

UniCredit strikes first deal of Orcel era with Greek tie-up

Financial Times M&A

Italian lender seeks to acquire 9% stake in Alpha Bank from Greek state and take control of Romanian unit

Stakes 84
article thumbnail

Carlyle acquisition of stakes in Quest Global Services gets regulatory nod

Private Equity Wire

Carlyle Group’s (Carlyle) deal for acquiring equity stakes in Quest Global Service (Quest), an engineering service provider, has been cleared by India’s fair trade regulator, the Competition Commission of India (CCI), according to a report by the Press Trust of India. In August, Carlyle and Quest announced that had reached a definitive partnership agreement, whereby Carlyle will be acquiring a minority stake in the company, however the transaction required a CCI green light before proceeding.

Stakes 58