Deals

Two mega-deals this week highlighted the diminished role of public markets compared with private capital.

The New York-based firm’s $6.9bn take-private adds to a growing trend of private equity firms delisting public companies.

The $5.3bn buyout of the Nordic software company, involving some of the biggest names in the industry, will be Europe’s largest-ever software buyout.

TPG Pace Holdings will target underperforming companies in the technology, media or business services sectors.

The deal adds yet another portfolio company to Dyal’s growing list of investments in alternative asset managers.

The firms failed to secure enough shareholder acceptances to complete the €5.3bn deal, which would have been the largest European private equity transactions this year.

The emerging markets-focused firm sealed two transactions, including its first from an Africa-focused SMA.

Carlyle’s sale of Holland & Barrett for £1.8bn is the latest in a string of UK mega-buyouts.

The European-Asian fund has sealed its first US deal, the fourth investment from its $1 billion debut fund.

Fundraising has slumped as LPs take a selective approach to the sector.