Laden...
The Wire Jan. 22, 2021
Partners is now Idera's biggest owner, BayPoint, co-led by Silver Lake founder, inks first deal
Happy Friday, everybody!
Big debut: BayPine - the emerging manager whose impressive roster includes alumni of Silver Lake and Blackstone – has struck its first platform investment in workforce education company Penn Foster. Two Sigma Impact co-invested alongside BayPine in the transaction. Read PE Hub's brief on the deal and more about BayPine on Buyouts.
In other notable private equity action, an announcement this morning confirmed PE Hub's report last night that Partners Group - buying shares from TA Associates and HGGC - has assumed a controlling stake in Idera. The transaction values the B2B software company at close to...
Read the full wire commentary on PE Hub.
That's it for today. Have a great weekend, hubsters, and hit me up with feedback, tips, gossip or whatever!
Note to Readers: It's that time of year ... for the 21st time, the editors of PE Hub and Buyouts honor exceptional buyouts with our Deal of the Year Awards. Winners are chosen in seven categories: Deal of the Year, Large-Market Deal of the Year, Middle-Market Deal of the Year, Small-Market Deal of the Year, Turnaround of the Year, International Deal of the Year, and Secondaries Deal of the Year. Go here for more information and to read about rules and methodology. Also check out past winners. Last year, New Mountain took the crown with its exit of Equian. If you have additional questions, email Private Equity Editor Chris Witkowsky at cwitkowsky@buyoutsinsider.com.
Also of note (may require subscriptions) Fundraising: Peak Rock Capital is targeting $1.3 billion on its latest fund, according to a Form D, and has raised just under $200 million since its November launch, according to Buyouts data. The target matches what the Austin, Texas, firm raised for its second pool, but that was spread across a private equity and private credit vehicle. Read it on Buyouts.
More money: London’s Coller Capital has collected just over $9 billion for Coller International Partners VIII, a source familiar with the fundraise told Secondaries Investor. Check it out.
Bidding war: CoStar Group and Warburg Pincus-led PE group are the final bidders in the running for data provider CoreLogic, people familiar with the matter told Bloomberg. The Irvine, California-based company launched a strategic review in November in the midst of a boardroom battle, the report said. Read more here.
PE Deals
They said it “Unemployment remains troublingly high, and millions of families are facing hunger or the risk of eviction... Additional relief is needed to strengthen the economy, address our public health challenge and provide relief to communities that have been hardest hit.” Janet L. Yellen, Mr. Biden’s nominee for Treasury secretary, reiterated the urgency of renewed aid on Thursday, writes the New York Times.
Today's letter was prepared by Sarah Pringle. Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. FIND OUT MOREPlease visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC.
London | New York | Hong Kong PEI Media Group Ltd is registered in England no.6135779 Registered office: 7th Floor, 100 Wood Street, EC2V 7AN
To update your PE Hub email preferences, or to unsubscribe, click here. |
Laden...
Laden...
© 2024
