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.
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.
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.
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 ...
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.
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.
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.
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.
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.
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.