In a strategic move poised to reshape the sports betting and data landscape, Endeavor Group Holdings has announced the sale of its subsidiaries, OpenBet and IMG Arena, to OB Global, a management-led consortium, for approximately $450 million. This transaction marks a significant step in Endeavor’s plan to streamline its operations ahead of its anticipated privatization. […]
American enterprise software company Zuora Inc. (NYSE: ZUO) has signed a definitive agreement to be acquired by Silver Lake, the leading global tech investment firm, in partnership with GIC, Singapore’s sovereign wealth fund, for a whopping $1.7 billion. The acquisition is set to transform Zuora into a privately held entity, unlocking new growth opportunities as […]
Vantage Data Centers, a major player in hyperscale data center campuses, has successfully secured a staggering $9.2 billion equity investment. The round was led by DigitalBridge Group, Inc. (NYSE: DBRG), a premier global alternative asset manager focused on digital infrastructure, and Silver Lake, a leader in technology investing. This capital increase was highly sought after, […]
Vantage Data Centers, a globally recognized provider of hyperscale data center campuses, has announced a substantial $6.4 billion equity investment. The investment is led by prominent entities in the digital infrastructure space: DigitalBridge Group, Inc. (NYSE: DBRG), a leading global alternative asset manager dedicated to digital infrastructure, and Silver Lake, a global leader in technology […]
Vertex, Inc. (NASDAQ: VERX), a global leader in indirect tax solutions, has announced its public tender offer to acquire 100% of the shares of Pagero Group AB for 36 SEK per share, totaling approximately $555 million. This move represents a strategic expansion of Vertex’s capabilities in the rapidly evolving field of global tax compliance and […]
Silver Lake, together with its co-investors and the Canada Pension Plan Investment Board (CPP Investments), has finalized the previously announced all-cash acquisition of Qualtrics International, a deal valued at $12.5 billion. Announced in March 2023, this move takes the US-based experience management (XM) software company private and discontinues the trading of Qualtrics’ common stock on […]
Silver Lake, a technology investment firm, has reached an agreement to acquire a minority stake in TeamSystem, an Italian technology company, from Hellman & Friedman (H&F) for €600 million. Hellman & Friedman, which is a global private equity firm, will retain its majority ownership of the Italian company. TeamSystem specializes in providing business software solutions […]
Private equity firm Silver Lake and Canada Pension Plan Investment Board (CPP Investments) will acquire Qualtrics, a cloud-native experience management (XM) software provider, for $12.5 billion in cash. The transaction complements Qualtrics’ strategy of building the next great enterprise cloud software platform. Post-closing, Qualtrics will become an independent, privately held company and will cease to […]
Cegid, a France-based provider of cloud business management solutions, has agreed to merge with Grupo Primavera in an all-share deal that values the combined firm at around €6.8 billion. Grupo Primavera is a Spain-based cloud business management software firm. Cegid, which will be the surviving entity after the merger, caters to finance, human resources, retail, […]
Private equity funds managed by Blackstone have wrapped up their previously announced $4.7 billion acquisition of US genealogy company Ancestry. The online family history business has been acquired from Silver Lake, GIC, Permira, Spectrum Equity, and other equity holders. Singaporean sovereign wealth fund GIC will continue to keep a significant minority stake in the genealogy […]