Veritiv Corporation (NYSE: VRTV), renowned for distributing packaging, facility solutions, and print products, announced its definitive agreement for acquisition by Clayton, Dubilier & Rice’s (CD&R) affiliate. Shareholders of Veritiv are set to gain handsomely from the deal, receiving a cash value of $170 for each share. This valuation signifies a substantial 31% premium over the […]
SVB Financial Group is set to sell its investment banking business, SVB Securities, to a management team led by CEO and founder Jeff Leerink, and backed by The Baupost, according to a definitive purchase agreement announced today. The transaction is anticipated to close after a scheduled court approval hearing on June 29, 2023. The sale […]
Western Union has wrapped up the first closing of the sale of its business solutions unit to a consortium of Goldfinch Partners and The Baupost Group for a price of around $910 million in cash. The deal will close in two stages, as previously announced by Western Union. The first closing will see Western Union […]
Wholesale Produce Supply (WPS), a Minnesota-based fresh produce logistics and inventory management solutions provider, said that its parent holding company has been acquired by an investor consortium led by Cross Rapids Capital. The financial terms of the deal were not disclosed. The buying consortium also includes Wholesale Produce Supply’s strategic partner — The Baupost Group […]