IBM has entered into a definitive agreement with Vista Equity Partners to acquire Apptio Inc, a specialist provider of financial and operational IT management and optimisation software, for $4.6 billion.Â
French group Ardian has raised more than $20 billion, including $6 billion from the Abu Dhabi Investment Authority, for a new secondary fund that will target the acquisition of stakes in private equity funds from investors, according to a report by The Financial Times.
Global Infrastructure Partners has entered into exclusive discussions with MSC Mediterranean Shipping Company over the sale of Italian high-speed train operator Italo, according to a report by Bloomberg citing unnamed sources.
Hedgeweek and Private Equity Wire have announced the winners of the inaugural US Credit Awards, which recognise excellence in fund performance and service provider excellence across credit funds.
Sustainable infrastructure investor Actis is to sell BTE Renewables to Engie and Meridiam in a deal with an enterprise value of $1 billion. On completion, Engie will acquire the South African portfolio and team while Meridiam will acquire the Kenyan portfolio and team.
Private Equity Wire has announced the winners of the US ESG AAA Awards 2023, which reward environmental, social and governance excellence among private equity fund managers across a wide range of categories.
Wellington Management has held the final close of its fourth private late-stage growth strategy, Wellington Hadley Harbor IV, with $2.6 billion in capital commitments and over $200 million in co-investment capacity to invest alongside the fund.
BPEA EQT and ChrysCapital are to acquire a 90% stake in HDFC Credila, Housing Development Finance Corporation’s education finance arm for $1.11 billion, in what will be India’s largest-ever financial services sector private equity buyout, according to a report by Reuters.
A $3 billion “whole-business securitisation” is being considered as a funding option by private equity firms vying to acquire sandwich chain Subway, according to a report by Bloomberg, citing unnamed sources with knowledge of the matter.
New Carlyle Group chief executive officer Harvey Schwartz wants the private equity giant to expand its capital markets arm, which acts as an in-house investment bank and secures loans for portfolio companies, according to a report by Bloomberg.