|
|
|
21.08.25 - 18:45
|
Blackstone Portfolio Company R Systems Acquires Novigo Solutions, Strengthening Its Product Engineering and Full-Stack Agentic-AI Capabilities (Business Wire)
|
|
|
GREATER NOIDA, India & EL DORADO HILLS, Calif.--(BUSINESS WIRE)--#AI--R Systems International Limited, a global leader in digital product engineering, today announced that it has entered into a definitive agreement to acquire Novigo Solutions, a specialist in low-code/no-code (LCNC) development and intelligent-automation services. The strategic acquisition creates a global digital product engineering services powerhouse with INR 20,600M (~$240M) revenue and INR 3,800M (~$45M) EBITDA, offering engineering, deployment, and management of enterprise-scale fleets of AI agents under a single, governed platform.
Novigo has been growing strongly and delivered 44% revenue CAGR over the last three years with 25% EBITDA margin and healthy free cash flow.
The upfront cash consideration for the transaction is INR 400 cr, with an additional stock consideration linked to future EBITDA achievement. The acquisition will be EPS accretive for R Systems since year 1.
This strategic move positions R Systems well to address th...
|
|
|
|
|
|
|
|
|
|
|
21.08.25 - 16:06
|
Blackstone Announces Agreement to Acquire Shermco for Approximately $1.6 Billion (Business Wire)
|
|
|
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone (“Blackstone”) have entered into a definitive agreement to acquire Shermco, a leading provider of full life-cycle electrical equipment services, from Gryphon Investors, a leading middle-market private investment firm. The transaction values the business at approximately $1.6 billion.
Founded in 1974, Shermco is one of the largest electrical testing organizations accredited by the InterNational Electrical Testing Association (“NETA”), providing comprehensive electrical system maintenance, repair, testing, commissioning and design services, with more than 600 NETA technicians and 200 engineers across 40 service centers in the U.S. and Canada. Shermco provides critical services for data centers, utilities and diversified commercial and industrial end-markets, partnering with customers to enhance the safety, reliability and efficiency of their critical electrical infrastructure, while ...
|
|
|
|
|
|
|
|
|
20.08.25 - 22:12
|
Secondary Deal Volume Is Rising, Perry Says (Bloomberg)
|
|
|
Blackstone Inc.'s Verdun Perry called buying and selling existing stakes of private assets “the most underutilized tool” in that market, predicting secondaries deal volume will more than double to $400 billion by 2030. He speaks to Dani Burger. (Source: Bloomberg)...
|
|
|
|
|
20.08.25 - 14:33
|
Curewell Capital Closes Oversubscribed Inaugural Fund at $535 Million (Business Wire)
|
|
|
LOS ANGELES--(BUSINESS WIRE)--Curewell Capital (“Curewell”), a private equity firm focused on building industry-leading middle-market healthcare companies, announced the closing of Curewell Capital I, LP (together with its related vehicles, the “Fund”) at its hard cap of $535 million. The inaugural Fund was raised in a single closing and completed less than five months after launch.
Curewell secured commitments from a diverse group of global institutional investors, comprised of leading endowments, foundations, pensions, insurance companies, consultants, family offices, and industry executives.
Curewell is led by Michael Dal Bello and Ceron Rhee, who have worked together for nearly two decades, including their shared tenures at Blackstone and more recently at Pritzker Private Capital, where they led the healthcare investment practice. The Fund builds on the team's established strategy of acquiring leading U.S. healthcare businesses across healthcare services, pharmaceutical services, medical devi...
|
|
|
|
|
|
|
|
|
|
|
|
|
15.08.25 - 19:51
|
Legence Files Registration Statement for Proposed Initial Public Offering (Business Wire)
|
|
|
SAN JOSE, Calif.--(BUSINESS WIRE)--Legence Corp. today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of shares of its Class A common stock. Legence has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “LGN.” The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Goldman Sachs & Co. LLC and Jefferies are acting as joint lead book-running managers. BofA Securities, Barclays, Morgan Stanley, RBC Capital Markets, SOCIETE GENERALE, BMO Capital Markets, Cantor, Guggenheim Securities, Wolfe | Nomura Alliance, MUFG, Roth Capital Partners, Santander, Stifel, TD Cowen, BTIG and Rothschild & Co are acting as bookrunners, and Blackstone Capital Markets is acting as co-manager for the proposed offering.
The proposed offering will be made available only by means of a prospectus. Co...
|
|
|
14.08.25 - 14:24
|
Private Equity Funds Traded in London Hint at Hidden 401(k) Risk (Bloomberg)
|
|
|
Private equity is moving closer to gaining entry into 401(k) accounts, but there's no clear picture of how retail investments in the asset class will fare. The big publicly listed names — Apollo, Blackstone, KKR — tell one story, but in their case, it's about the business of managing funds, not the actual returns inside them....
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
