The Carve-Out | Standish standoff for Blackstone and TPG, KKR PE Head quits, Nordic sells Macrobond to Francisco
Private Equity Wire
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This week in private equity
?? Blackstone and TPG are among the firms vying to acquire US fund administrator Standish Management for an estimated EV of $1.7bn. Read more?
? Tim Franks, KKR’s Head of PE in the UK and Ireland, who also used to run the firm’s consumer PE business in EMEA, has decided to quit. Read more?
?? Nordic Capital has agreed to sell global financial data and software provider Macrobond to Francisco Partners for an undisclosed sum. Read more?
?? Carlyle has named Shane Clifford as its Head of Private Wealth Strategy, tasked with growth across equity, credit and investment solutions. Read more?
?? Clearlake Capital and STG have completed the sale of Archer Technologies to PE firm Cinven for an undisclosed sum. Read more?
?? HIG Capital has sold its portfolio company Riveron to affiliates of Kohlberg & Company in a deal where financial terms are undisclosed. Read more?
The week in numbers?
?? 7.8bn – the total capital available for Audax to deploy across the middle and lower-middle markets following two successful fundraises. Read more?
?? 59.3% – the year-on-year drop in PE and VC deal value from $66.4bn in June last year to $27bn this year, according to a Business Times report. Read more?
领英推荐
?? $1bn – the amount that KKR could fetch for the sale of its 70% stake in China-based commercial lighting manufacturer NVC Lighting. Read more?
?? $500m – the value of capital commitments raised by Muzinich & Co for its first debt fund focused on opportunities in the Asia-Pacific region. Read more?
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