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Private equity firm Advent International is working with private bankers to prepare for a sale of its portfolio company Idemia, a French biometrics and identity verification specialist, which could see the firm change hands for over €4 billion, according to a report by Bloomberg.
Funds managed by CVC Capital Partners have made a major investment in women’s tennis paying $150 million for a 20% stake in the Women’s Tennis Association’s new commercial venture, which will focus on increasing revenues for the sport.
HarbourVest Partners has expanded its senior team with a raft of promotions including the appointment of nine new managing directors, seven new principals, and five senior vice presidents across the Americas, Europe, and Asia Pacific.
In addition to the managing directors, principals and senior vice presidents, this round of promotions also includes 17 vice presidents.
HarbourVest newly promoted managing directors are: Emily Archer, Matthew Dowgert, Dominic Goh, Blake Holman, Joel Hwang, Ryan Jones, Warwick Mancini, David Morris, and David Rule.
The firm’s new principals are: Megan Beecher, Elliott Campbell, Amanda Chen, Sean Gillespie, Alexander Mackinger, Greg Mazur, and Tom
Golub Capital has made three new additions to its London-based team – Daniel von Rothenburg as managing director and head of EMEA on the business development team, Philipp Schroeder as a Senior Director, and Mensah Lambie as a principal, both on the Direct Lending team.
KSL Capital Partners, a private investment firm focused on travel and leisure businesses, has made two senior hires – Ana Goizueta has joined the firm as head of investor relations and marketing, and Nolen Taylor has joined as chief financial officer.
US private equity group Silver Lake, in partnership with the Canada Pension Plan Investment Board (CPPIB), Canada’s largest pension fund, has made a $12.4 billion offer to acquire experience management software company Qualtrics, according to a report by the Financial Times.
General Atlantic has teamed up with with Abu Dhabi wealth fund ADQ and International Holding Co (IHC), the biggest listed company in the emirate, to form a new venture which, according to ADQ, will be the region’s largest multi-asset class alternative investment manager.
Funds managed by global investment firm Carlyle are to sell PrimeFlight Aviation Services (PrimeFlight), a provider of essential aircraft, passenger, and security-related services to commercial airline, airport, cargo, and general aviation customers, to Capitol Meridian Partners and The Sterling Group.
Financial terms of the transaction, which is expected to close by Q3 2023 upon satisfaction of customary closing conditions, have not been disclosed.
The Sterling Group and Capitol Meridian Partners have acquired the business in a 50/50 partnership.
Latham & Watkins, LLP is serving as legal counsel to PrimeFlight and Carlyle, and Morgan Stanley & Co LLC and Jefferies, LLC
Private equity firm Permira has been granted access to the books of Gruppo Florence, a hub of Italian clothing manufacturers that supply top luxury brands, as it considers making an offer to acquire the business, according to a report by Reuters.
Unnamed Reuters sources have confirmed that Gruppo Florence is currently assessing strategic options in partnership with Bank of America and Citi having drawn interest from investment firms including Carlyle, as well as Permira.
Gruppo Florence is majority owned by VAM Investments, a fund controlled by former Bulgari Chief Executive Francesco Trapani.
If a deal with Permira doesn’t materialise, the
A consortium jointly led by private equity firm TPG’s global impact platform The Rise Fund, and Malaysian conglomerate Hong Leong Group, has secured regulatory approval to acquire the International Medical University (IMU) in Kuala Lumpur for 1,345 million Malaysian ringgit ($306 million), according to a report by Deal Street Asia.
IMU is the medical education arm of the integrated healthcare services provider IHH Healthcare Berhad (IHH).
The report cites a filing made by IHH to Bursa Malaysia on Monday as confirming that Malaysia’s Ministry of Higher Education has approved the deal, which also includes the sale of a hospital owned
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