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LogisticsUpdateAfrica 2021-12-01
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PSA International Pte has signed an agreement to acquire 100 percent of the shares of privately-held BDP International from New York-based private equity firm Greenbriar Equity Group. Headquartered in Philadelphia, USA, BDP is a global logistics solutions provider managing end-to-end movement of shipments covering a range of industries and segments such as chemicals, industrial, healthcare, consumer and retail customers. With 133 offices worldwide, it specialises in the management of highly complex supply chains and is a proven industry leader in chemical and high care logistics and innovative visibility solutions. Read More. com
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rahulsingh 2021-11-05
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Wealth manager and mutual fund distributor Prudent Corporate advisory services have acquired Karvy Stock Broking Ltd.’s mutual fund folios having total assets under management (AUM) of ₹9,261 crores.

A joint committee of the National Stock exchange of India Ltd., BSE Ltd., and the metropolitan stock exchange of India Ltd. conducted a bidding process through which the acquisition was made.

Karvy Stockbroking had more than 1.19 million folios as of July.

With a distribution network of more than 5,000 mutual fund distributors, the stockbroking had 4,20,000 live Systematic investment Plans with an input value of Rs.87 crore a month.TA Associates, US private equity firm acquired a minority stake in Prudent in July 2018.

According to their website, Prudent Corporate advisory services offers personal and corporate investment planning services through its distribution of mutual funds, bonds, broking, and insurance products.

Prudent filed a draft for an IPO of around Rs.500 crores(67.4 million USD) in August this year.TA Associated holds a 39.91% stake in prudent while Shirish Patel, CEO of Prudent owns 3.15%.

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Robert Carter 2021-07-27
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Yahoo wants to get fanatics for sports, finance and lifestyle all actively spending within its owned and operated portfolio of media brands.

The post How Yahoo is experimenting with platforms and partnerships to grow its audience appeared first on Digiday.

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9
Robert Woodward 2019-06-26
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EnterpriseDB, an open source data management platform provider, has been bought by private equity firm Great Hill Partners for an undisclosed sum.

The Postgres specialist (a relational database management system that supports both SQL and JSON queries) has approximately 4,000 global customers.

It has reported growth of 40 percent-year-on-year and has experienced 37 consecutive quarters of subscription growth, the company said in a release.

The acquisition comes amid an ongoing shakeup in the database software market, driven by a surge in data generation and use.

IDC estimates the market to be worth $98 billion by 2023.

Great Hill Partners specialises in mid-market growth companies, with 50 in its portfolio.

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0
Howard Marcinkowski 2017-07-18
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Private equity firm EagleTree Capital is reportedly in advanced discussions to purchase PC component and gaming accessory maker Corsair Components for north of $500 million.

Reuters, citing two sources familiar with the matter, reported on the development late last week.

Surprisingly enough, the news has seemingly flown under the radar as virtually nobody else is discussing it.

Both Corsair and EagleTree declined to comment, the publication said.

Founded in 1994, Corsair is a well-known name in the computer enthusiast industry.

The company initially focused on development of Level 2 cache modules but shifted gears to focus on DRAM modules when Intel integrated L2 cache in its Pentium Pro processor family.

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0
James Neely 2018-06-18

Struggling retail chain GameStop is discussing a potential buyout with private equity firms, according to Reuters.

The report says that one of the private equity firms is Sycamore Partners and that GameStop has hired a financial advisor to help with the talks, though there’s no guarantee that a deal will come to fruition.

Founded in 1984 and once a mainstay for gamers, GameStop has struggled to cope with competition from online retailers like Amazon and digital distribution platforms including Steam, even after several attempts to diversify its business model.

For example, last fall GameStop announced a used game subscription service, but that was shelved, reportedly because of issues with the chain’s point-of-sale system.

Despite other efforts, including selling secondhand games and devices and the acquisition of novelty maker ThinkGeek in 2015, the company’s stock has fallen steadily since November 2013, when it hit $56.53 a share, to $13.96 now.

Reuter’s report comes about a month after investor Tiger Management sent a letter to GameStop, asking it to launch a strategic review of its business model.

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0
William Labounty 2017-09-20
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Toshiba's board has agreed to sell the company's Nand flash memory chip business for ¥2.1 trillion ($18.9 billion) to a consortium that includes private equity group Bain Capital and Apple, The Financial Times reports.

At least $3 billion (£2.2 billion) will reportedly come from Apple, while Dell, Seagate, Kingston, and chipmaker SK Hynix will pledge smaller amounts.

Sources close to the deal told The Financial Times that the deal was likely to be signed on Wednesday after some minor details were clarified.

Apple uses Toshiba's flash memory in its iPhones and iPods.

Taking a stake in Toshiba's memory chips business through Bain could give it a more reliable supply and enable it to become less dependent on rival Samsung, Bloomberg reports.

Toshiba needs to sell the memory chip business to help cover the costs of its new US nuclear business.

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0
John Wyckoff 2017-09-22

Imagination Technologies, the UK-based chip maker that used to provide Apple with its mobile graphics components, has agreed to sell itself to Canyon Bridge, a Silicon Valley-based private equity firm backed by the Chinese fund Yitai Capital.

The news, first reported today by the Financial Times, comes nearly six months after Apple, Imagination’s biggest customer, announced that it would no longer require the company’s services.

Canyon Bridge is paying £550 million ($743.2 million) for the deal.

Apple’s announcement, back in April, halved Imagination’s stock price almost overnight, creating a existential crisis for the firm.

At the time, Apple confirmed it was bringing mobile graphics development in-house, a move that eventually manifested itself in the A11 Bionic chip revealed during the iPhone 8 and iPhone X hardware event earlier this month.

The chip, designed specifically to help with graphics-intensive operations like artificial intelligence and augmented reality, is part of a big push to differentiate Apple’s smartphone line from competitors’, relying on the company’s signature optimization of hardware and software.

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0
David Harrison 2016-11-03

Reuters - Programmable-chip maker Lattice Semiconductor Corp said it is being bought by Canyon Bridge Capital Partners, a newly formed private equity firm backed by Chinese funding for $1.3 billion, the latest deal in the consolidating chip sector.

Portland, Oregon-based Lattice makes programmable chips used in the fast-growing market for connected cars.

The $8.30 per-share cash offer, which includes debt, is at a 30.3 percent premium to Lattice's Wednesday close of $6.37.

Lattice shares were trading 75 cents below the offer price at $7.57 on Thursday, indicating some skepticism among investors around the deal closing.

Its limited partners in the fund come predominately from the Beijing-based China Reform Fund, according to an emailed press release sent by Canyon's legal adviser on the deal, Jones Day.

Reuters reported exclusively in February that Lattice had attracted interest from an unidentified Chinese buyer and had decided to explore a sale.

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0
Roy Shannon 2021-05-03
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Private equity firm Apollo Global Management will acquire all the brands.
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0
Linda Schilk 2017-09-18
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Swiss investor Palmarium has acquired UK-based MVNO Lebara Group for an undisclosed fee.

The acquisition, which was made through the VIEO subsidiary will see Lebara founder and current CEO Ratheesan Yoganathan, as well as the rest of the existing management team will stand-down.

“Lebara is a vibrant and exciting growth business with a great deal of potential,” said Graeme Oxby, who will head up the new leadership team as CEO.

“I’m excited to be at the helm, and believe this acquisition, combined with the strength of the n ew leadership team and its strong investors, will take this business to the next level.”

In Oxby, Lebara has bagged a relatively experienced CEO, who is looking towards digitization of the business moving forward.

Prior to heading up the TMT vertical at the Palmarium business, Oxby worked at Three and Virgin before being appointed Managing Director of Liberty Global’s European Mobile Business.

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0
Elizabeth Tinnin 2021-05-03
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Wireless giant retreats from digital-media sector in deal with private-equity firm
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0
Veronica Kelly 2020-11-04

Selecting a financial planning company can be a better idea as such organizations have experienced market experts who understand all about small cap private equity London.

A trustworthy firm will always ensure to deliver the best financial solutions.

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0
Brendon Dwelle 2021-06-01
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Private equity firm L Catterton invested US$25 million in Zenyum's funding round.
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0
Ralph Elliot 2016-08-04

Rackspace Hosting Inc. RAX 14.64 % is nearing a sale to a private-equity firm, two years after the cloud-computing company said it would explore a deal amid heightened competition in the fast-growing market.

The San Antonio-based company is in advanced talks with one or more private-equity firms, and a deal could be reached as soon as this week, according to people familiar with the matter.

Rackspace had a market value of $3 billion on Thursday afternoon before The Wall Street Journal reported on the possible sale, meaning that with a typical takeover premium, the company could be valued at as much as $4 billion.

The company has shifted its business model in recent years, amid stiff competition from larger technology companies such as Amazon.com Inc. AMZN 0.81 % and Microsoft Corp. MSFT 0.74 % , and is now more of a services provider offering bundled computing and support.

In 2014, the company said it had hired bankers to help evaluate expressions of interest.

Later that year, Blue Harbour Group LP disclosed a sizable stake in Rackspace.

collect
0
Ryan Pak 2021-03-08
img
McAfee is selling its enterprise business to the private equity firm Symphony Technology Group.
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0
LogisticsUpdateAfrica 2021-12-01
img
PSA International Pte has signed an agreement to acquire 100 percent of the shares of privately-held BDP International from New York-based private equity firm Greenbriar Equity Group. Headquartered in Philadelphia, USA, BDP is a global logistics solutions provider managing end-to-end movement of shipments covering a range of industries and segments such as chemicals, industrial, healthcare, consumer and retail customers. With 133 offices worldwide, it specialises in the management of highly complex supply chains and is a proven industry leader in chemical and high care logistics and innovative visibility solutions. Read More. com
Robert Carter 2021-07-27
img

Yahoo wants to get fanatics for sports, finance and lifestyle all actively spending within its owned and operated portfolio of media brands.

The post How Yahoo is experimenting with platforms and partnerships to grow its audience appeared first on Digiday.

Howard Marcinkowski 2017-07-18
img

Private equity firm EagleTree Capital is reportedly in advanced discussions to purchase PC component and gaming accessory maker Corsair Components for north of $500 million.

Reuters, citing two sources familiar with the matter, reported on the development late last week.

Surprisingly enough, the news has seemingly flown under the radar as virtually nobody else is discussing it.

Both Corsair and EagleTree declined to comment, the publication said.

Founded in 1994, Corsair is a well-known name in the computer enthusiast industry.

The company initially focused on development of Level 2 cache modules but shifted gears to focus on DRAM modules when Intel integrated L2 cache in its Pentium Pro processor family.

William Labounty 2017-09-20
img

Toshiba's board has agreed to sell the company's Nand flash memory chip business for ¥2.1 trillion ($18.9 billion) to a consortium that includes private equity group Bain Capital and Apple, The Financial Times reports.

At least $3 billion (£2.2 billion) will reportedly come from Apple, while Dell, Seagate, Kingston, and chipmaker SK Hynix will pledge smaller amounts.

Sources close to the deal told The Financial Times that the deal was likely to be signed on Wednesday after some minor details were clarified.

Apple uses Toshiba's flash memory in its iPhones and iPods.

Taking a stake in Toshiba's memory chips business through Bain could give it a more reliable supply and enable it to become less dependent on rival Samsung, Bloomberg reports.

Toshiba needs to sell the memory chip business to help cover the costs of its new US nuclear business.

David Harrison 2016-11-03

Reuters - Programmable-chip maker Lattice Semiconductor Corp said it is being bought by Canyon Bridge Capital Partners, a newly formed private equity firm backed by Chinese funding for $1.3 billion, the latest deal in the consolidating chip sector.

Portland, Oregon-based Lattice makes programmable chips used in the fast-growing market for connected cars.

The $8.30 per-share cash offer, which includes debt, is at a 30.3 percent premium to Lattice's Wednesday close of $6.37.

Lattice shares were trading 75 cents below the offer price at $7.57 on Thursday, indicating some skepticism among investors around the deal closing.

Its limited partners in the fund come predominately from the Beijing-based China Reform Fund, according to an emailed press release sent by Canyon's legal adviser on the deal, Jones Day.

Reuters reported exclusively in February that Lattice had attracted interest from an unidentified Chinese buyer and had decided to explore a sale.

Linda Schilk 2017-09-18
img

Swiss investor Palmarium has acquired UK-based MVNO Lebara Group for an undisclosed fee.

The acquisition, which was made through the VIEO subsidiary will see Lebara founder and current CEO Ratheesan Yoganathan, as well as the rest of the existing management team will stand-down.

“Lebara is a vibrant and exciting growth business with a great deal of potential,” said Graeme Oxby, who will head up the new leadership team as CEO.

“I’m excited to be at the helm, and believe this acquisition, combined with the strength of the n ew leadership team and its strong investors, will take this business to the next level.”

In Oxby, Lebara has bagged a relatively experienced CEO, who is looking towards digitization of the business moving forward.

Prior to heading up the TMT vertical at the Palmarium business, Oxby worked at Three and Virgin before being appointed Managing Director of Liberty Global’s European Mobile Business.

Veronica Kelly 2020-11-04

Selecting a financial planning company can be a better idea as such organizations have experienced market experts who understand all about small cap private equity London.

A trustworthy firm will always ensure to deliver the best financial solutions.

Ralph Elliot 2016-08-04

Rackspace Hosting Inc. RAX 14.64 % is nearing a sale to a private-equity firm, two years after the cloud-computing company said it would explore a deal amid heightened competition in the fast-growing market.

The San Antonio-based company is in advanced talks with one or more private-equity firms, and a deal could be reached as soon as this week, according to people familiar with the matter.

Rackspace had a market value of $3 billion on Thursday afternoon before The Wall Street Journal reported on the possible sale, meaning that with a typical takeover premium, the company could be valued at as much as $4 billion.

The company has shifted its business model in recent years, amid stiff competition from larger technology companies such as Amazon.com Inc. AMZN 0.81 % and Microsoft Corp. MSFT 0.74 % , and is now more of a services provider offering bundled computing and support.

In 2014, the company said it had hired bankers to help evaluate expressions of interest.

Later that year, Blue Harbour Group LP disclosed a sizable stake in Rackspace.

rahulsingh 2021-11-05
img

Wealth manager and mutual fund distributor Prudent Corporate advisory services have acquired Karvy Stock Broking Ltd.’s mutual fund folios having total assets under management (AUM) of ₹9,261 crores.

A joint committee of the National Stock exchange of India Ltd., BSE Ltd., and the metropolitan stock exchange of India Ltd. conducted a bidding process through which the acquisition was made.

Karvy Stockbroking had more than 1.19 million folios as of July.

With a distribution network of more than 5,000 mutual fund distributors, the stockbroking had 4,20,000 live Systematic investment Plans with an input value of Rs.87 crore a month.TA Associates, US private equity firm acquired a minority stake in Prudent in July 2018.

According to their website, Prudent Corporate advisory services offers personal and corporate investment planning services through its distribution of mutual funds, bonds, broking, and insurance products.

Prudent filed a draft for an IPO of around Rs.500 crores(67.4 million USD) in August this year.TA Associated holds a 39.91% stake in prudent while Shirish Patel, CEO of Prudent owns 3.15%.

Robert Woodward 2019-06-26
img

EnterpriseDB, an open source data management platform provider, has been bought by private equity firm Great Hill Partners for an undisclosed sum.

The Postgres specialist (a relational database management system that supports both SQL and JSON queries) has approximately 4,000 global customers.

It has reported growth of 40 percent-year-on-year and has experienced 37 consecutive quarters of subscription growth, the company said in a release.

The acquisition comes amid an ongoing shakeup in the database software market, driven by a surge in data generation and use.

IDC estimates the market to be worth $98 billion by 2023.

Great Hill Partners specialises in mid-market growth companies, with 50 in its portfolio.

James Neely 2018-06-18

Struggling retail chain GameStop is discussing a potential buyout with private equity firms, according to Reuters.

The report says that one of the private equity firms is Sycamore Partners and that GameStop has hired a financial advisor to help with the talks, though there’s no guarantee that a deal will come to fruition.

Founded in 1984 and once a mainstay for gamers, GameStop has struggled to cope with competition from online retailers like Amazon and digital distribution platforms including Steam, even after several attempts to diversify its business model.

For example, last fall GameStop announced a used game subscription service, but that was shelved, reportedly because of issues with the chain’s point-of-sale system.

Despite other efforts, including selling secondhand games and devices and the acquisition of novelty maker ThinkGeek in 2015, the company’s stock has fallen steadily since November 2013, when it hit $56.53 a share, to $13.96 now.

Reuter’s report comes about a month after investor Tiger Management sent a letter to GameStop, asking it to launch a strategic review of its business model.

John Wyckoff 2017-09-22

Imagination Technologies, the UK-based chip maker that used to provide Apple with its mobile graphics components, has agreed to sell itself to Canyon Bridge, a Silicon Valley-based private equity firm backed by the Chinese fund Yitai Capital.

The news, first reported today by the Financial Times, comes nearly six months after Apple, Imagination’s biggest customer, announced that it would no longer require the company’s services.

Canyon Bridge is paying £550 million ($743.2 million) for the deal.

Apple’s announcement, back in April, halved Imagination’s stock price almost overnight, creating a existential crisis for the firm.

At the time, Apple confirmed it was bringing mobile graphics development in-house, a move that eventually manifested itself in the A11 Bionic chip revealed during the iPhone 8 and iPhone X hardware event earlier this month.

The chip, designed specifically to help with graphics-intensive operations like artificial intelligence and augmented reality, is part of a big push to differentiate Apple’s smartphone line from competitors’, relying on the company’s signature optimization of hardware and software.

Roy Shannon 2021-05-03
img
Private equity firm Apollo Global Management will acquire all the brands.
Elizabeth Tinnin 2021-05-03
img
Wireless giant retreats from digital-media sector in deal with private-equity firm
Brendon Dwelle 2021-06-01
img
Private equity firm L Catterton invested US$25 million in Zenyum's funding round.
Ryan Pak 2021-03-08
img
McAfee is selling its enterprise business to the private equity firm Symphony Technology Group.