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Blackstone leads $2bn private loan for data center firm. (FS)
CVC unveils plan for $1.3bn private equity IPO. (FS)
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Clearlake Capital Group , a private equity firm that focuses on the technology, industrial and consumer sectors, said it had made a fresh offer to buy Blackbaud in an all-cash deal that values the software provider at $4.3bn.
The $80 per share offer represents a premium of 4.3% to the last share price close. Last year, Clearlake had made an all-cash offer of $71 per share that Blackbaud rejected, claiming it undervalued the company.
Blackbaud is advised by Foros Group , Vinson & Elkins and Joele Frank (led by Jamie Moser ). Clearlake is advised by J.P. 摩根 and Lambert (led by Jennifer Hurson ).
Prysmian , a global cabling solutions provider, agreed to acquire Encore Wire Corp , a manufacturer of a broad range of copper and aluminium electrical wire and cables, for €3.9bn ($4.2bn).
"The acquisition of Encore Wire represents a landmark moment for Prysmian and a strategic and unique opportunity to create value for our shareholders and customers. Through this acquisition, Prysmian will grow its North American presence, enhancing its portfolio and geographic mix, while significantly increasing the exposure to secular growth drivers. We look forward to welcoming the Encore Wire team to Prysmian and benefitting from the combined company's enhanced product offerings and customer relationships," Massimo Battaini, Prysmian Group CEO.
Encore Wire is advised by J.P. 摩根 , 美迈斯 and Joele Frank (led by Joseph M. Sala and Mahmoud Siddig ). Prysmian is advised by 高盛 and Wachtell, Lipton, Rosen & Katz (led by Adam Emmerich and Zachary Podolsky).
CD&R -backed Resideo , a manufacturer and distributor of technology-driven products and solutions, agreed to acquire Snap One , a provider of smart-living products, services, and software to professional integrators, from Hellman & Friedman , an American private equity firm, for $1.4bn.
"Snap One has grown from a startup built by entrepreneurial integrators to an industry leader in smart technology, delivering seamless experiences to consumers and high-quality services and support to our integrators. This is the right next step to capture new opportunities to bring our solutions to market. The future of smart living is here. Demand for connected technology products continues to grow, and Resideo is the right owner to drive our expansion. We believe this transaction will deliver compelling value to our stakeholders and will create opportunities for our people and integrator partners," John Heyman, Snap One CEO.
Snap One is advised by J.P. 摩根 , Moelis & Company , Simpson Thacher & Bartlett LLP ?and H/Advisors Abernathy (led by Dan Scorpio and Dana Gorman ). Resideo Technologies is advised by Evercore , Raymond James and Willkie Farr & Gallagher LLP . Debt financing is?provided by 摩根士丹利 and 美国银行 .
Blackstone leads $2bn private loan for data center firm. (FS)
Blackstone led a roughly $2bn financing package to Park Place Technologies to refinance the company’s debt and to fund a payout to its private equity owners, Bloomberg reported.
Blue Owl Capital also participated in the new financing, which includes a loan of around $1.7bn, a revolving credit facility and a delayed-draw term loan.
CVC unveils plan for $1.3bn private equity IPO. (FS)
CVC said on April 15 it planned to list its shares on Euronext Amsterdam, in one of the most highly anticipated initial public offerings in Europe this year, Reuters reported.
The company and its backers aim to raise at least €1.25bn ($1.33bn) through the sale of new and existing stock, confirming earlier reporting by Reuters in October.
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