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Private Equity Firm STG to buy Avid Technology for $1.4bn

Private Equity Insights

Private equity firm Symphony Technology Group on Wednesday agreed to buy media editing software maker Avid Technology Inc for about $1.4bn, including debt. Palo Alto, California-based STG is a mid-market private equity firm focused on technology investments. billion deal. Goldman Sachs Group Inc (GS.N)

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Private equity firm Endless acquires ASCO Group Ltd

Private Equity Insights

Private equity firm Endless acquired ASCO on 11 August 2023. ” Advisors for the vendors were Piper Sandler (Corporate Finance); Ashurst (Legal); and Deloitte (Financial and Tax Due Diligence). Management was advised by Burness Paull (Legal). Source: OGV Energy Can’t stop reading?

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Corus Entertainment Sold Toon Boom Animation subsidiary to Private Equity Firm Integrated Media Company for $111m

Private Equity Insights

New York-based private equity firm Integrated Media Company has unveiled a deal to buy Toon Boom Animation from Canadian cartoon company Nelvana for CAN$147.5 million (US$111 million), to allow parent Corus Entertainment to pay down debt. Source: The Hollywood Reporter Can’t stop reading?

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ICYMI: Federal Judge Dismisses FTC Antitrust Lawsuit Against Private Equity Firm

American Investment Council

WCAS currently holds just a 23% stake in USAP, but the FTC argued that the private equity firm remained in effective control of an ongoing antitrust violation. Why it matters: This was the FTC’s first direct swing at private equity, and an effort to shove a dagger through the corporate veil. And missed.

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Omnes Capital, a $5.2bn green energy private equity firm is the financial backing for Hawthorne Renewables $250M investment in Solar Projects Across the United States

Private Equity Insights

billion green energy private equity firm based in Europe. followed by extensive third-party legal and technical due diligence on the Sulus Solar platform,” said Justin Brown, co-founder and co-chief executive of Power Capital. Hawthorne Renewables marks the first U.S. venture for the Paris-based company. .

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SEC tightens regulation of hedge fund and private equity firms

Private Equity Wire

Heavy lobbying by hedge funds and industry trade groups have seen some of the SEC's original proposals watered down or discarded, including a provision that would would have simplified the process for investors to take legal action against fund managers.

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U.S. private equity firm Advent International and BCI complete acquisition of Maxar Technologies

Advent International

private equity firm Advent International (“Advent”), alongside minority investor British Columbia Investment Management Corporation (“BCI”), completed their acquisition of Maxar. Milbank LLP served as Maxar’s legal advisor with respect to certain space industry and regulatory matters. WESTMINSTER, Colo., The post U.S.