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Deals

Private equity eyes fintech Green Dot

Green Dot Corporation, the US-based fintech best known for its prepaid debit card offerings, has drawn interest from private equity buyers despite a sluggish M&A environment, according to a report by Fortune citing sources familiar with the matter.

Apollo’s Aspen IPO raises almost $400m

Apollo Global Management has generated approximately $397.5m through the upsized initial public offering of Aspen Insurance Holdings, marking a significant monetisation step for the private equity giant, according to a report by Bloomberg.

Palatine exits Suntera Global, generates 2.7x investor return

Palatine has successfully exited its investment in Suntera Global, an international provider of bespoke fund administration corporate and private wealth services, in a secondary buyout by US-based Valeas Capital Partners for an undisclosed sum, generating a 2.7x return for investors.

TPG acquires Peppertree Capital in $960m deal

TPG is to acquire Peppertree Capital Management in a transaction valued at up to $960m, marking a significant step in the global alternative asset manager’s push into the digital infrastructure space, according to a report by Bloomberg.

Endless in talks to acquire AB Foods’ Allied Bakeries

UK private equity firm Endless is in discussions to acquire Allied Bakeries from Associated British Foods, in a potential deal that would unite two of Britain’s most prominent bakery brands – Kingsmill and Hovis – under one owner, according to a report by Reuters.

3G Capital to take Skechers private in $9.42bn deal

In a landmark transaction for the global footwear sector, private equity firm 3G Capital has agreed to acquire Skechers in a take-private deal valued at $9.42bn, marking the largest buyout in footwear industry history, according to a report by Reuters.

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