Armen, a European pioneer in GP stakes, has acquired a minority stake in Vendis Capital, a European consumer-focused buyout firm, marking the fifth investment of Armen GP Stakes Fund I and the first transaction in the buyout space.
Astorg has announced a leadership transition that will see Benjamin Cordonnier appointed as Chief Executive Officer and Co-Managing Partner, alongside Judith Charpentier, as part of the firm’s planned succession strategy, according to a report by Private Equity International.
TSG Consumer Partners, a consumer-focused private equity firm, has promoted Jessica Duran to Chief Operating Officer. Duran will continue to serve as Chief Financial Officer, a role she has held since joining the firm in 2017.
CIC Private Debt, a La Française group member, has expanded its European footprint to Germany, appointing Erwin Schreiber as Investment Director DACH, reporting directly to Guillaume Rico, Deputy Managing Director, CIC Private Debt.
Private equity firm Advent has appointed Mike Ettling as an Operating Partner. His role will entail identifying new investment opportunities in the enterprise technology sector, overseeing portfolio company initiatives, and working closely with the Advent team on broader leadership and culture activities.
Blackstone’s infrastructure arm has agreed to acquire regulated US utility TXNM Energy in a $5.7bn all-cash transaction, marking the latest major move in a rapidly accelerating wave of dealmaking across the US power sector, according to a report by Bloomberg.
Software-focused private equity major Thoma Bravo is closing in on a deal to acquire Itel, a GTCR-backed insurance technology provider specialising in property and casualty claims, in a transaction that could value the company at approximately $1.3bn including debt, according to a report by Bloomberg.
Carlyle Group is bolstering its Tokyo bench, lining up 10 additional investment professionals as deployment begins for the firm’s fifth Japan buyout fund, a JPY430bn (circa $3bn) vehicle that closed late last year, according to a report by Bloomberg.
Strathcona Resources, which is controlled by private equity firm Waterous Energy Fund, has tabled a CAD5.93bn ($4.25bn) cash-and-scrip offer for MEG Energy, targeting a merger of two of Canada’s largest pure-play thermal-oil-sands operators, according to a report by Reuters.
London-listed Primary Health Properties (PHP) has lobbied a sweetened offer for FTSE 250 healthcare REIT Assura, valuing the target at circa £1.68bn and eclipsing the agreed KKR/Stonepeak all-cash proposal, according to a report by Bloomberg.
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