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Ridgemont Equity Partners closes fourth fund at hard cap with $2.35bn in commitments. (FS)
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D.C.’s Office of the Attorney General will investigate the proposed $24.6bn merger between grocery chains Albertsons and Kroger , and attorneys general in the District and five states want Albertsons, the owner of Safeway , to postpone a nearly $4bn special dividend to shareholders.
“We’re deeply concerned about the level of concentration in essential industries, such as grocery stores. And we’re asking Albertsons to not proceed with the payout while we thoroughly assess whether this merger is anti-competitive, anti-consumer, or anti-work,”?Karl A. Racine, D.C. Attorney General.
Albertsons is advised by 瑞信 , 高盛 , Debevoise & Plimpton , Jenner & Block , Wachtell, Lipton, Rosen & Katz (led by? Adam Emmerich ?and?Zachary Podolsky), White & Case LLP and 博然思维集团 . Financial advisors are advised by Alston & Bird (led by? Stuart Rogers ), Cravath, Swaine & Moore LLP (led by?Robert Townsend) and Davis Polk & Wardwell LLP (led by? Phillip Mills ?and? Cheryl Chan ). Kroger is advised by 花旗 , 富国银行 , Arnold & Porter , Weil, Gotshal & Manges LLP (led by? Michael J. Aiello ) and Joele Frank (led by?Steve Frankel).
Thoma Bravo , a software investment firm, and Sunstone Partners , a private equity firm, agreed to acquire UserTesting , a video-based human insight company, for $1.3bn.
“We believe the combination of UserTesting and UserZoom will unlock tremendous value for our customers by further integrating and expanding the suite of research methods, testing types, and measurement options available—all while making the voice of the customer and human insight more accessible across an organization and easily integrated into their processes and workflows,” Andy MacMillan, UserTesting CEO.
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UserTesting is advised by 摩根士丹利 , Fenwick & West , FGS Global and Sapphire Investor Relations, LLC . Thoma Bravo is advised by Kirkland & Ellis and Goodwin .
TELUS Digital , a digital customer experience innovator, agreed to acquire WillowTree , a full-service digital product provider, for $1.2bn.
“We are excited to announce a strategic next step in our ambition to continue building TELUS International – an important and differentiated growth driver for TELUS – into a global asset of consequence, while significantly enhancing the end-to-end digital experiences of our customers around the world,” Darren Entwistle , TELUS President and CEO.
Regal Rexnord , an engineering and manufacturing company, agreed to acquire Altra Industrial Motion , a manufacturer and supplier of motion control, power transmission and automation products, for $4.95bn.
“The sale of Altra to Regal Rexnord will provide our shareholders with immediate and substantial cash value, as well as a compelling premium, and the Board of Directors has agreed that this transaction is in the best interests of our shareholders. I am extremely proud of the company we have built and I am excited to announce this new chapter for Altra, knowing that the company will have a great home within the Regal Rexnord?organization," Carl Christenson, Altra Chairman and CEO.
Altra Industrial Motion is advised by 高盛 and Cravath, Swaine & Moore LLP .?Regal Rexnord is advised by Incentrum Group , J.P. 摩根 and Sidley Austin LLP .?
Ridgemont Equity Partners closes fourth fund at hard cap with $2.35bn in commitments. (FS)
Ridgemont Equity Partners , a private investment firm specializing in buyout and growth investments in industry-leading middle market companies, today announced the close of Ridgemont Equity Partners IV, at its hard cap with $2.35bn in commitments.?
The fund significantly exceeded its initial target of $2bn and brings the Firm’s total assets under management to over $8.5bn.
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