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Deals

Polaris takes majority stake in Nordic automated packaging supplier

Copenhagen-based mid-market private equity investor Polaris has acquired a majority shareholding in Sealing System, a Scandinavian supplier of intralogistics and full-scope automated packaging and palletizing lines. Established in 1998 in Grindsted, Denmark, Sealing System offers complete, automated end-of-line and intralogistics solutions, which optimise processes and production while ensuring efficient track

Oil rig

Apollo nearing takeover talks with John Wood Group

US private equity group Apollo is said to be close to opening talks with oil and gas engineering company John Wood Group regarding a £1.66 billion takeover, according to a report by The Times. YOU NEED TO LOGIN TO SEE THE CONTENT​ Username or Email Address Password Remember Me Log

Carlyle Group emerges as potential Man Utd bidder

The Carlyle Group has emerged as a potential new bidder for Manchester United, as the ongoing sale of the English Premier League club goes to a third round, with rival bids from former Qatar prime minister Sheikh Jassim bin Hamad al-Thani and Ineos owner Sir Jim Ratcliffe, and interest from US

Pacific Avenue Capital completes resin production carve-out

Pacific Avenue Capital Partners, a Los Angeles-based private investment firm, has formed Resin Solutions, which has agreed a carve-out of three product lines developed by Cray Valley, TotalEnergies’ resin production affiliate. Pacific Avenue Capital specialises in M&A, corporate divestitures and other complex situations in mid-market companies. The investment is being

CVC and Francisco Partners table bid for Network International

A private equity consortium including CVC Capital Partners and Francisco Partners has made a “preliminary and conditional” bid for emerging markets-focused payments company Network International, according to a report by Private Equity News. Shares in Network International closed up 23.1%, or 56½p, at 300p, valuing the company at £1.6 billion,

Sweden’s EQT in talks with Dechra over cash bid

Swedish private equity firm EQT is in talks with Dechra Pharmaceuticals over a possible £4.6 billion cash bid, in a deal backed by the Abu Dhabi Investment Authority, according to a report by The Times. A takeover of Dechra, the FTSE 250 veterinary drugs company, would cap a rollercoaster period for

Clearlake and Symphony Technology to sell SaaS provider Archer to Cinven

Clearlake Capital Group and Symphony Technology Group have agreed to sell risk management cloud software provider Archer Technologies to Cinven. The deal is expected to close in the middle of 2023 subject to customary closing conditions and regulatory approvals. The terms of the transaction were not disclosed. Founded in 2000 and

Software

Bain Capital circles software platform ConnectWise

Bain Capital is one of several private equity firms set to bid for software and IT managed services platform provider ConnectWise, according to a report by CRN. ConnectWise, which has more than 3,000 employees globally, was bought by private equity firm Thoma Bravo is 2019 in a deal estimated at

Thoma Bravo’s Qualtrics bid scuppered by antitrust concerns

Private equity giant Thoma Bravo’s plan to buy software company Qualtrics and merge it with rival company Medallia was thwarted by antitrust concerns, according to a report by the Financial Times. Qualtrics was ultimately sold to private equity firm Silver Lake and the Canada Pension Plan Investment Board in a

Lee Equity Partners and Twin Point Capital merge wireless distributors

Private equity firm Lee Equity Partners and investment firm Twin Point Capital have partnered with GetWireless to acquire TESSCO Technologies, a wireless infrastructure technology distributor, manufacturer, and solutions provider serving commercial companies, in a cash merger deal valued at around $161.4 million. Under the terms of the merger agreement between

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