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US PE firm Thoma Bravo weighs $8bn sale of JD Power.
TPG in talks on €4.5bn deal for Permira’s Alter Domus.
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Private equity firms Stone Point Capital and CD&R agreed to acquire the remaining 80% stake in TIH , the fifth largest insurance broker in the US and a subsidiary of Truist , for $12.4bn.
"We are pleased to have reached an agreement to sell TIH as it will further strengthen our balance sheet, afford us the ability to maintain our earnings profile, and create significant ongoing flexibility to invest in our core banking franchise. We are incredibly proud of the success we've achieved together with TIH over the years and are excited to see how Stone Point and CD&R continue to build the business in its next chapter of growth," Bill Rogers, Truist Chairman and CEO.
Stone Point Capital and Clayton, Dubilier & Rice are advised by 法国巴黎银行 , 美国银行 , Barclays , 花旗 , Evercore , J.P. 摩根 , 瑞穗实业银行 , RBC Capital Markets , TD Securities , 瑞银集团 , 富国银行 , Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Eric Wedel , Ben Steadman , Caroline Epstein , Brian Janson and Luke Jennings ), Simpson Thacher & Bartlett LLP and Debevoise & Plimpton . Truist is advised by 高盛 , 摩根士丹利 , Truist Securities and Davis Polk & Wardwell LLP (led by Margaret Tahyar , Oliver Smith and Evan Rosen ). Mubadala is advised by Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Todd Freed and Patrick Lewis ).
General Atlantic, an American growth equity firm, and Stone Point Capital, an investment firm, agreed to acquire HireRight, a global background screening services and workforce solutions provider, for $1.65bn.
"We are pleased to have reached this agreement with General Atlantic and Stone Point, which delivers a significant and immediate cash premium to HireRight's unaffiliated stockholders," Guy Abramo, HireRight President and CEO.
HireRight is advised by Centerview Partners, Davis Polk & Wardwell LLP and Collected Strategies (led by Jim Golden ). General Atlantic and Stone Point are advised by Goldman Sachs and RBC Capital Markets. General Atlantic is advised by Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Cullen Sinclair and Matthew Abbott). Stone Point is advised by Simpson Thacher & Bartlett LLP.
Gabon Oil Company (GOC) , the national oil and gas company of the African nation of Gabon, agreed to acquire Assala Energy , an energy company acquiring mature oil and gas assets in Africa, from 凯雷投资集团 , a private equity firm, for $1.3bn.
Assala Energy holds seven onshore production licenses in Gabon – of which it operates six – along with a pipeline network and the Gamba export terminal. Representing the country's second-largest producer, the company has concentrated on brownfield assets in Gabon and implemented high-quality maintenance, risk management, workovers and well interventions to maximize production from mature fields.
US PE firm Thoma Bravo weighs $8bn sale of JD Power.
Thoma Bravo is considering a sale of consulting firm J.D. Power and is working with a financial adviser to find a buyer,?DealStreetAsia?reported.
The technology-focused US private equity firm is seeking a deal of about $8bn including debt for J.D. Power, the report said, adding that talks are at an early stage and there’s no certainty over the deal.
TPG in talks on €4.5bn deal for Permira’s Alter Domus. (FS)
TPG has emerged as the highest bidder for Alter Domus, the fund administration company backed by Permira, in what’s set to be one of the biggest European private equity deals this year, Bloomberg reported.
The buyout firm is competing with rival suitors Hellman & Friedman and Cinven to acquire the business. A transaction could value Alter Domus at about €4.5bn ($4.9bn).
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