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crainsnewyork.com August 05, 2020

Blackstone Group Inc. Paid $4.7B For A Major Stake In Ancestry.com Inc.

Blackstone Group Inc. acquired a majority stake in Ancestry.com Inc., the business known for family history research and DNA testing. The deal is valued at $4.7 billion, Blackstone said in a... To view the full story, click the title link.
Read by 47% of LPs

barrons.com August 05, 2020

Rackspace Goes Public Again, 4 Years After Leveraged Buyout - Barron's

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/rackspace-goes-public-again-4-years-after-leveraged-buyout-51596641588 Rackspace has returned to the public market with an offering of 33.5 million shares priced at $21 apiece, raising just over $700 million, and giving the company a market capitalization of $4.2 billion, almost exactly what the company sold for when it was taken private by the private-equity firm Apollo Global Management four years ago.
Read by 64% of LPs

fa-mag.com August 05, 2020

Blackstone Reaches $4.7B Deal To Buy Ancestry.com

Blackstone Group Inc. acquired a majority stake in Ancestry.com Inc., the business known for family history research and DNA testing. The deal is valued at $4.7 billion, Blackstone said in a statement Wednesday. It's the first acquisition by Blackstone's largest ever private equity fund. Silver Lake and Singaporean sovereign-wealth fund GIC Pte have been the majority owners since 2016. After the deal closes, Blackstone will own about 75% and GIC will still hold about 25% of Ancestry.com, said people familiar with the matter, who asked not to be identified because the information is private.
Read by 74% of LPs

channelnewsasia.com August 05, 2020

Rackspace Ipo Prices At Bottom Of Target Range To Raise About Us$703 Million - Cna

REUTERS: Cloud services firm Rackspace Technology Inc sold shares in its initial public offering (IPO) on Tuesday at US$21 per share, the bottom end of its target range, to raise US$703.5 million, the company said. The IPO valued San Antonio, Texas-based Rackspace, which is owned by private equity ...
Read by 33% of LPs

buyoutsinsider.com August 04, 2020

Omers Private Equity's Asia-pacific Head David Payne Departs | Buyouts

The PE group is planning to ratchet up its activity in Asia, Michael Graham, OMERS' recently installed global head of private equity, told Buyouts in April.
Read by 54% of LPs

progressiverailroading.com August 04, 2020

Rail News - Report: Private-equity Firms Discuss Bid For Kcs. For Railroad Career Professionals

A consortium of private equity investors is considering a possible takeover bid for Kansas City Southern, the Wall Street Journal reported July 28. The newspaper reported that the Blackstone Group Inc. and Global Infrastructure Partners are exploring a potential buyout that could be worth more than $21 billion. The firms together are exploring a potential deal and speaking to banks, including Citigroup Inc., about financing, people familiar with the matter told the newspaper. The deal provides a bet on the increase in U.S.-Mexico trade, given that KCS' rail network operates in both countries, the paper reported.
Read by 44% of LPs

moneycontrol.com August 03, 2020

Dst Global In Talks To Lead $400M Funding Round In Byju's

Investment firm led by Russian billionaire Yuri Milner is in advanced talks to lead an investment in the online education firm at a valuation of $10.5 billion.
Read by 61% of LPs

dealstreetasia.com August 03, 2020

Bain Capital Sweetens Offer For Japanese Nursing Care Firm Nichii Gakkan

The sweetened bid values the Tokyo-based company at 122 billion yen ($1.15 billion). The post Bain Capital sweetens offer for Japanese nursing care firm Nichii Gakkan appeared first on DealStreetAsia.
Read by 66% of LPs

barrons.com July 31, 2020

Corsair To Buy Payments Firm Msts From World Fuel Services - Barron's

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/corsair-to-buy-payments-firm-msts-from-world-fuel-services-51596229796 Shares of World Fuel Services closed up nearly 3% after announcing the long-awaited sale of a payments-solutions business to Corsair Capital. Corsair, a New York private-equity firm, is buying MSTS for roughly $350 million in cash. The deal, announced late Thursday, calls for Corsair to pay $275 million when the transaction is completed.
Read by 48% of LPs

vcaonline.com July 23, 2020

Vestar Capital Partners Announces Promotions

NEW YORK, July 22, 2020-- Vestar Capital Partners, a leading U.S. private equity firm, today announced it has promoted R. Wilson Orr to Vice President, effective July 1. The firm also announced the promotion of Ian Singleton to Senior Associate. "Even in the midst of the uncertainty caused by the COVID-19 pandemic, we cannot lose sight of the importance of building and nurturing our employees, and we remain committed to recognizing our talented investment professionals for their dedication and hard work," said Dan O'Connell, CEO and Founder of Vestar.
Read by 38% of LPs