Gemspring Capital Management, LLC, a prominent private equity firm focused on middle-market investments, has announced the successful closing of a single-asset continuation vehicle designed to acquire interests in Shrieve Chemical Company. The transaction was spearheaded by StepStone Group, a global leader in private markets investment, with additional backing from a wide array of new and […]
Tupperware Brands Corporation, listed under OTC Pink: TUPBQ, has announced an agreement with its secured lenders, including Stonehill Capital Management Partners and Alden Global Capital, to execute a private sale of its intellectual property and key operating assets in the U.S. and international markets. This move, critical to its Chapter 11 bankruptcy proceedings initiated in […]
Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) has announced a major acquisition in East Texas, acquiring a substantial package of high-quality natural gas assets for $87 million. The deal, set to close in the fourth quarter of 2024, includes both proved developed producing (PDP) assets valued at approximately $68 million and undeveloped acreage worth […]
Eli Lilly and Company has finalised its acquisition of Morphic Holding, Inc. in a landmark $3.2 billion deal, aimed at enhancing treatment options for inflammatory bowel disease (IBD). This acquisition underscores Lilly’s strategic expansion into the gastroenterology sector. The transaction, valued at $57 per share, is a significant premium over Morphic’s recent stock prices, reflecting […]
Northern Oil and Gas, Inc. (NYSE: NOG) is set to significantly increase its presence in the Uinta Basin following its decision to acquire a 20% undivided interest in the Altamont Assets. The deal, valued at $17.5 million, will enhance the company’s holdings in Utah and is expected to close in early Q4 2024, coinciding with […]
Blue Owl Capital Corporation has entered into a definitive merger agreement with Blue Owl Capital Corporation III. This strategic move, awaiting shareholder and regulatory approval, will position Blue Owl Capital Corporation as the surviving entity. The boards of directors for both companies have unanimously approved the merger following recommendations from their special committees. Craig W. […]
Emera Inc., a globally recognised energy and services company headquartered in Halifax, Nova Scotia, has announced a significant deal involving the sale of its subsidiary, New Mexico Gas Company, Inc., to Bernhard Capital Partners for a total of $1.25 billion USD. This substantial transaction includes the assumption of approximately $500 million USD in debt and […]
Northern Oil and Gas, Inc. (NYSE: NOG) and Vital Energy, Inc. (NYSE: VTLE) have unveiled a joint acquisition of Point Energy Partners, LLC’s assets for $1.1 billion. This deal marks a significant expansion in both companies’ operational scope within the Delaware Basin, promising to enhance their portfolio with high-value development inventory. Major acquisition amplifies Delaware […]
In a major development in the property restoration industry, Soundcore Capital Partners has announced the successful sale of American Restoration Operations LLC to Morgan Stanley Capital Partners. The sale marks a significant shift for American Restoration, a leading provider of property restoration services with a robust footprint across the United States. The transaction reflects Soundcore’s […]
In a significant development for the education technology sector, Instructure Holdings, Inc., a leading global learning ecosystem provider, has announced it will be acquired by investment funds managed by KKR, a major global investment firm. The all-cash transaction is valued at approximately $4.8 billion, with KKR offering $23.6 per share, representing a 16 percent premium […]