DXC Technology, a US information-technology services provider with a market cap of $6.16 billion, has confirmed it has been approached by a financial sponsor regarding a potential acquisition of the Company. Some reports suggest the suitor could be pan-Asian buyout firm Baring Private Equity. A statement from DXC’s Management says it remains focused on the company’s transformation journey. Consistent with its fiduciary responsibility to maximise shareholder value, the Company is engaged in preliminary discussions and is sharing information. The statement says: “To date no formal proposal has been received and there are no assurances that any proposal will be received

Spanish electric vehicle charging company Zunder has raised €100 million from French sustainable investment manager Mirova, an affiliate of Natixis Investment Managers, in a bid to accelerate its roll-out of ultra-fast EV charging stations across Southern Europe.  Mirova has secured a minority investment in the business with White Summit Capital and Co-Investors remaining as majority shareholders.   Zunder, founded in 2017 by e-mobility entrepreneur Daniel Pérez, has established itself as a leading independent EV charging infrastructure operator in the Iberian Peninsula after receiving early backing from energy and infrastructure investment firm White Summit Capital and Co-Investors. The latest investment round

Stanley Capital Partners (SCP) has exited its portfolio company Noden Pharma DAC (Noden Pharma) to a European business in the specialist pharmaceutical sector. SCP exits the business having achieved a COC of 6.7x and an IRR of 151%. The sale of Noden Pharma marks the first exit since SCP was formed.   Headquartered in Dublin, Noden Pharma is a global speciality pharmaceutical company focused on the manufacturing of prescription medicines across a variety of cardiovascular treatments for patients who are intolerant to mainstream treatments.    

CVC Credit has committed debt facilities to support Cinven’s acquisition of Euro Techno Com (ETC Group), a specialised distributor for the telecom and technology infrastructure industry. Founded in 1993, ETC Group is a global leader and partner in the design, procurement and distribution of materials, tooling and equipment used by telecom operators and their subcontractors to install, build and maintain wireline and wireless infrastructure and other digital infrastructure. Headquartered in France, the Group has c1,100 employees and c14,000 customers based primarily across Europe and the US. ETC Group is led by an experienced management team, with a strong record of

Graphite Capital, a UK mid-market private equity specialist, has agreed to back the management buyout of Digital Space from Horizon Capital. Terms of the transaction, which is subject to regulatory approval, have not been disclosed. Digital Space provides an integrated connectivity, security and hybrid cloud managed service, underpinned by its own datacentres, core network and network operations centre. The company works with organisations looking to improve their operational workflow and accelerate growth through digital transformation.   Digital Space’s services are aimed at medium to large corporations as well as public sector and not-for-profit bodies with 500 to 5,000 staff. The

New York-based investment company KKR & Co Inc (KKR) has acquired 30% of the shares of Norwegian telecommunications company Telenor. The agreed sales price represents an enterprise value for the Norwegian fibre business of NOK36.1 billion (GBP300 million).

GP Bullhound has participated in a £93m Series C fundraising in Connex One, a cloud-based Customer Engagement Platform. The investment, made from GP Bullhound’s Fund V, will enable the company to continue to scale its global operations and further establish its position as a market leader. Founded in Manchester in 2013 by brothers Nick Mealey and Richard Mealey, Connex One has developed an AI-powered customer engagement platform that provides omnichannel communication and business automation. The platform is used by many of the world’s leading brands, powering customer journeys, increasing revenue, and optimising the efficiency of workforces. Latium Tech, the investment

MidOcean Energy, a portfolio company of private equity investor EIF, has acquired interests in four liquid natural gas (LNG) projects in Australia from Tokyo Gas Co Ltd for a combined $2.2 billion, according to a report by MarketWatch. The deal, which marks the launch MidOcean’s strategy to construct a diversified, global pure-play, integrated LNG company, includes ownership stakes in Gorgon LNG, Ichthys LNG, Pluto LNG and Queensland Curtis LNG. The report quotes EIG chairman and CEO R Blair Thomas as sating the acquisition provides MidOcean with an LNG portfolio “ideally positioned to supply key customers in Japan, Asia and across

Brookfield Asset Management is to acquire a significant minority interest in independent publisher Primary Wave Music in a deal valued in excess of $2 billion, according to a report by PE Insights. 

US private equity firm EnCap Investments is considering options to sell two bundles of oil and gas assets in Texas, raising more than $6 billion, Bloomberg has reported.