The Carve-Out | Boeing mulls $6bn nav unit sale, Stonepeak strikes Boundary Street deal, PE firms expecting UK deal surge
Private Equity Wire
Private Equity Wire provides highly relevant and actionable information for GPs, service providers, and LPs.
This week in private equity
🤔 Insight Partners , Blackstone , and Clearlake Capital Group are deliberating a potential $7bn sale of Diligent Corporation, with the process expected to begin in early 2025. Read more.
⬆️ Private equity firms are predicting a surge in UK deals, with 84% expecting to close 5 to 10 transactions during 2025. Read more.
💰 Boeing mulls selling its Jeppesen navigation unit, potentially worth around $6bn, with private equity firms, as well as strategic buyers, among possible suitors. Read more.
🤝 Private investment giant Stonepeak strikes deal for Boundary Street Capital , which manages £700m in capital commitments, to expand its digital infrastructure footprint. Read more.
👀 Advent International limited and Apollo Global Management, Inc. are reportedly exploring bids to acquire Reckitt ’s homecare division, which includes Air Wick air fresheners and Cillit Bang cleaning products. Read more.
🛢 Carnelian Energy Capital is exploring selling US-based oil and gas producer Ridgemar Energy , aiming for a valuation exceeding $1bn, including debt. Read more.
The week in numbers
📚 €5bn – the value of International Schools Partnership as PE firm Partners Group looks to sell a stake in the private school network. Read more.
📈 16.2% – the rise in share price of Germany’s Evotec SE after Triton Partners acquired a 10% stake, ahead of a potential takeover bid. Read more.
✅ €650m – the final close of AshGrove ’s Speciality Lending Fund II, surpassing its original target of €500m. Read more.
🏆 45 – The number of awards handed out at this week’s Private Equity Wire European Emerging Manager Awards. Read more.
Latest Private Equity Wire research
Our Ones to Watch: Spotlight on specialisation, diversification and value creation report is now live. To receive a copy, please visit here.
Coming soon from Private Equity Wire
The Private Capital Summit will be held 13 February 2024, in London, bringing together investors, managers, service providers and other industry stakeholders to deliberate and unlock the transformative power of private markets.