Articles about Private Equity

Spun-out Nexsan now prowling the market for growth and acquisitions

Nexsan's sale to private equity has gone through and the company is now looking to drive organic and inorganic growth. Spear Point Capital affiliate NXSN Acquisition Corp bought Nexsan from Imation. CEO Bob Fernander and CTO Geoff Barrall will continue to run Nexsan, which is being given up to $10 million in fresh private …
Chris Mellor, 24 Jan 2017

Symantec selling Veritas to private equity firm – report

Symantec’s soon-to-be-split-off Veritas business is destined for private equity ownership, according to Bloomberg. The buyer is said to be the Carlyle Group and it will pay something between $7bn and $8bn for a business, which has forecast $2.6bn annual revenues. It’s been noted for some time that there is no CEO identified …
Chris Mellor, 9 Jul 2015

Rigby clan jumps into private equity game

Industry veteran Paul Ecclestone is to head up a private equity subsidiary for Rigby Group that is seeking small but perfectly formed companies in perceived hot areas of tech. The exec returned to the Midlands-based biz dynasty in early April, having previously transferred with Specialist Distribution Group when it was …
Paul Kunert, 2 Jul 2015
£10 notes. Pic: Howard Lake

Attenda for sale this year? Not on your nelly, says CEO

App hosting and co-lo slinger Attenda was expected to be put up for sale by owner Darwin Private Equity later this year, but postponed the process, and it’s latest financials perhaps explain why. The venture capitalist backed an MBO of Staines-based Attenda in 2011 for £50m and multiple sources told us in May that it had eyed …
Paul Kunert, 19 Jun 2015
Boy slurps watermelon. Credit: Shutterstock

Six Degrees separates: Sold to Charlesbank Capital Partners

Private equity biz Penta Capital has agreed to sell hosting and managed services outfit Six Degrees to funds affiliated with Charlesbank Capital Partners for an undisclosed sum. The business came onto the market in February with corporate financier DC Advisory managing the sale process, as El Chan exclusively revealed. …
Paul Kunert, 17 Jun 2015
hands waving dollar bills in the air

Symantec may flog off Veritas – but where's the CEO hunt at?

Symantec is being pressed to sell its Veritas storage unit to private equity instead of floating it as an independent publicly-owned business, according to reports over the weekend. Symantec intends to split itself into separate security and storage businesses as a way of re-igniting growth for both. CEO Michael Brown will …
Chris Mellor, 13 Apr 2015
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We're not, er, 'cut-throat' capitalists – VC formerly known as ISIS

Not wanting to be confused with the vicious band of Middle Eastern warmongerers, ISIS Equity Partners has killed off its old brand, and is now answering the phones as Living Bridge. The name change was for fairly obvious reasons, as the venture capitalist doesn’t want to be associated with, er, blood-thirty, medieval cut- …
Paul Kunert, 21 Nov 2014

Phones 4u demise: 1,700 employees laid off with redundo package

The axe fell on nearly 1,700 jobs at Phones 4u last night, a little over a week after the High Street retailer went into administration. It brings the total number of staff laid off with redundancy packages so far to 2,325 – nearly half of the company's workers. The staffers had been based at 700 outlets, including 550 stores …
Kelly Fiveash, 23 Sep 2014
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Summer of data centre acquisitions on the cards in the UK

The business climate for acquisitions is mirroring the hotter weather outside, with a sales process for data centre providers Pulsant and VTesse Networks taking shape, multiple sources are telling us. Investment bank Jeffries has distributed an Information Memorandum for co-location player Pulsant, with private equity owner …
Paul Kunert, 20 May 2014

For-sale sign erected outside UK reseller titan Kelway's HQ

Venture capitalists and prospective trade buyers will get the chance to take a look under the hood of London-based mega reseller Kelway this week – when investment bankers metaphorically drive the biz onto the forecourt. US finance house William Blair is in charge of selling off Kelway. Our sources close to the company expect …
Paul Kunert, 14 May 2014

Mega UK reseller Kelway bags investment banker for matchmaking service

Kelway has appointed global investment banker William Blair to seek a way forward for the business, which in all likelihood appears to involve hauling in a new private equity backer. As The Channel previously noted, Kelway has swelled to a £500m sales biz, which appears to restrict potential trade buyers in UK reseller land to …
Paul Kunert, 27 Jan 2014

Local gov broadband provider in talks with 'interested' bidders

Execs and private equity backers at broadband network service provider Updata Infrastructure UK are "actively" talking to a number of third parties who they say have expressed an interest in the business. San Francisco-based LMS Capital splashed £6.2m for a 53.3 per cent stake in Updata during the summer of 2009, in support of …
Paul Kunert, 15 Nov 2013

Private equity firm coughs £1bn for Websense

NASDAQ-listed web content filtering player Websense is going private again after the board approved a deal with venture capitalist Vista Equity Partners (VEP). Under the terms of the transaction, VEP will cough $24.75 per share valuing the online security business at close to $1bn. This equates to a 29 per cent premium on the …
Paul Kunert, 21 May 2013

BMC successfully sells self

Enterprise software company BMC has agreed to be acquired by a troika of private equity companies, who will hand over $US46.25 of cash for each outstanding share in the company. $6.9bn will therefore change hands to make the company the joint property of Bain Capital, Golden Gate Capital, GIC Special Investments and Insight …
hands waving dollar bills in the air

BMC on the private equity block

“Please don't call us a middleware company” BMC is reportedly close to being acquired in a $US6.5bn deal arranged by Bain Capital and Golden Gate Capital Corp. Financial press have tracked the deal for almost a month, but things now seem to be getting close to the moment at which prestigious pens reach paper, as Reuters roused …
The Register breaking news

City sugar daddies mulling £10bn bid for EE, say sources

Big names in private equity have started talks on a potentially hefty £10bn buyout bid for UK 4G network operator EE. Investment firms like Apax, KKR, Blackstone and CVC Capital Partners are rumoured to be working on consortiums for competing offers for the network formerly known as Everything Everywhere, according to whispers …
The Register breaking news

Lone! sugar! daddy! yearns! to! seduce! Yahoo! US!

Private equity firm Thomas H Lee Partners is looking into slurping Yahoo!'s US operations, rather than taking a minority stake or teaming up with Asian firms. Sources told Reuters that THL wants to do a leveraged buyout of web firm's US biz, likely worth $5bn to $6bn. The private equity firm already has experience with media …
The Register breaking news

Gobble! some! Yahoo! now! – slurp! the! rest! later!

More rumours that private equity might be the route for Yahoo!'s buyout surfaced today: a report suggests firms including KKR and TPG Capital are thinking of buying a little slice of Yahoo! in order to slurp the whole thing later. The firms could buy minority stakes of up to 20 per cent in the troubled web firm and then …

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