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PIF to acquire a 51% stake in Telecommunications Towers Company from Saudi Telecom Company for $3bn.
Bitcoin Group weighs a $20m bid for Bankhaus von der Heydt.
JIP-led group might be late for the $17.6bn Toshiba buyout's lending deadline.
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PIF to acquire a 51% stake in Telecommunications Towers Company from Saudi Telecom Company for $3bn.
Public Investment Fund (PIF) , the sovereign wealth fund of Saudi Arabia, offered to acquire a 51% stake in TAWAL , a provider of ICT infrastructure in KSA, from Saudi Telecom Company, the Saudi digital enabler of telecommunications services in the Kingdom of Saudi Arabia, for $3bn.
If completed, the financial impact of the potential acquisition is forecast to be positive and material, stc said, adding that it will announce any material developments in due course.
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.
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 .
Eiffage , a construction engineering company, agreed to acquire a 13.71% stake in Getlink , a railway equipment company, from TCI FUND MANAGEMENT LIMITED , a private equity firm, for $1.19bn.
“This strengthening of the Eiffage position is the logical continuation of the interest they have shown in the very high quality Getlink asset since 2018. I am delighted to welcome Eiffage as a major shareholder and would like to thank TCI for having supported our strategic objectives and, in particular, for having provided such significant support for our positioning as an environmental investment,” Jacques Gounon , Getlink Chairman.
Bitcoin Group weighs a $20m bid for Bankhaus von der Heydt.
Bitcoin , a venture capital firm, is considering a bid for Bankhaus von der Heydt, the 268-year-old German bank that’s stumbled with its own moves into cryptocurrencies and digital assets.
The crypto and blockchain investor is in negotiations with several potential targets, including Bankhaus von der Heydt. Bankhaus von der Heydt has been talking to potential buyers after a deal to sell itself to crypto-derivatives exchange BitMEX fell through. A sale may value the bank at around $20m,?Bloomberg?reported.
JIP-led group might be late for the $17.6bn Toshiba buyout's lending deadline.
The preferred bidder to buy out 东芝 , a group led by private equity firm Japan Industrial Partners , is likely to miss the deadline to secure bank loans for the deal,?Reuters?reported.
The JIP-led group was granted preferred bidder status by Toshiba in a second round of bidding on October 7, though the conglomerate is still open to proposals from others.
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