Amanda Janis
A consortium of big-name banks, hedge funds and private equity firms has increased by 2.5 percent its offer for higher education provider Laureate. The board-agreed amendment increases the price-per share to $62, up from $60.50.
Investment firm Lindsay Goldberg has agreed to sell US insurance broker Alliant to Blackstone, after having purchased the company from GTCR Golder Rauner two years ago. Sources say the deal is worth roughly $1.2 billion.
Carlyle’s purchase of Atlanta, Georgia-based RMI adds to its business services portfolio, while reinforcing investment trends in infrastructure and transport/logistics firms.
The Carlyle Group is set to acquire a former JP Morgan Partners portfolio company, Niagara Holdings, from CCMP in a $1.5 billion transaction.
TH Lee and Fidelity have teamed up again to buy a business services provider, inking a $5.3 billion deal for Ceridian, a company in the trendy payment processing space.
CDW, a low-cost tech product retailer for businesses, governments and schools, is set to be acquired by Chicago-based Madison Dearborn in a $7.3 billion transaction.
Delivering the key note speech yesterday at a conference in Canada, Henry Kravis said the buyout industry is in its golden era, and while admitting ’trees don’t grow to the sky’ he dismissed the idea of bubble.
US middle market buyout shop Olympus has closed its fifth fund on $1.5 billion.
Warburg Pincus is the largest shareholder in US telecom products company Avaya, which is reportedly in take-private talks with Silver Lake Partners.
Canadian private equity funds had a record-setting C$65.5 billion under management last year, according to a report that also found the country’s growth in capital and returns have outpaced the United States’ for the past five years.