Brait said it would acquire an 80 percent stake in the health club chain from the Virgin Group and the private equity firm CVC Capital Partners.
The offering raises $750 million as CVC Capital Partners, G.I.C. and AlpInvest reduce their stakes in the company.
CVC Capital Partners’ agreement to purchase a controlling stake in Sky Bet for $1.25 billion is the latest big bet by private equity investors on an online gambling business, part of a wave of deals that is reshaping the online gambling industry. Sky Bet was founded by Sky, the British satellite television company, in 2001 […]
The deal values Sky Betting and Gaming around $1.25 billion and comes as the satellite TV giant Sky seeks to transform itself into a pan-European provider.
LONDON (Reuters) - Pay-TV group Sky said on Thursday it had agreed to sell a controlling stake in Sky Bet to CVC Capital Partners in a move which values the online betting business at 800 million pounds ($1.3 billion). Sky, which operates...Show More Summary
Press Release: The Corporate Venture & Innovation Initiative (CVI²) announced today the release of the Thelander CVI² 2014 CVC Compensation Report. The report is the most comprehensive effort to provide cross-industry external benchmarks for...
The private equity firms Leonard Green & Partners and CVC Capital Partners are acquiring a majority stake in Advantage Sales & Marketing, based in California.
The private equity firm said Tuesday that it had acquired Synsam Nordic from an investment group controlled by the family behind the Swedish furniture retailer Ikea. Terms of the deal were not disclosed.
Brit Insurance is the latest company owned by private equity to announce an initial public offering in London. The insurer was taken private by Apollo Global Management and CVC Capital Partners in 2010.
The rise in malware and online security threats continues to give a big boost to companies that are looking for ways to make the connected world a bit safer. Avast, one of the bigger PC and mobile security software firms that competes...Show More Summary
Looking for funding? Think outside the VC box. An increasing number of corporations want to back startups--as long as there is something in it for them. Corporate venture capital (CVC) funds are on the rise. Consider the growing number...Show More Summary
The agency beat out rival bidders CVC Capital, Chernin Entertainment and a consortium of ICM Partners and the Carlyle Group. WME and its stakeholder Silver Lake Partners have announced an agreement to acquire IMG Worldwide, a rival talent agency and marketing firm with particular depth in sports. Show More Summary
Corporate venture capital has always been dubiously titled ‘dumb money’, supposedly less interested in financial performance and only willing to make bets on strategically aligned startups. CVC investing, however, has grown significantly...Show More Summary
(CAMDEN, N.J.) — Campbell Soup Co. is selling its European simple meals business to private equity firm CVC Capital Partners for 400 million euros ($542 million). The deal includes Campbell’s national brands of soups, sauces and simple...Show More Summary
Revlon Inc. agreed to buy the Colomer Group for about $660 million in cash from CVC Capital Partners to bolster its offerings to professional salon customers. The acquisition is expected to close in the fourth quarter, New York-based Revlon said today in a statement. Show More Summary
Formula 1 owners CVC Capital Partners will "continue to monitor developments" after Bernie Ecclestone was officially indicted by German prosecutors on Wednesday.
Watching the moves of activist hedge fund managers can give onlookers up-to-date information on how an investment firm is committing its capital, and it pays to keep a close eye on a fund’s SEC disclosures; discover the secrets of piggyback investing here. The move Billionaire Mario Gabelli disclosed a 19.1mm position in Cablevision Systems Corporation [...]
Controversial Formula One boss Bernie Ecclestone is facing bribery charges from German prosecutors. The long-rumored indictments stem from the 2006 sale of the racing series from Germany's Bayern LB bank to CVC Capital partners. TheShow More Summary
LONDON -- Betfair Group saw its share price fall over 6.5% in early trade this morning, with more than 60 pence knocked off its closing price of 895 pence yesterday, after it reported that takeover discussions with CVC Capital Partners,...Show More Summary
Online gambling company Betfair just turned down a bid worth $1.38 billion from CVC Capital Partners. We first saw the news over on The Next Web. CVC Capital Partners, the private equity firm that happens to be the largest shareholder in the Formula One Group, made an offer of 880 pence per share, valuing Betfair at around $1.4 billion. Show More Summary