The Hilb Group, an American property and casualty and employee benefits insurance brokerage, said that it has acquired Oak Ridge Surety Agency based in Pennsylvania for an undisclosed price. The acquisition will help the Carlyle Group-backed Hilb Group to further expand its footprint in the Mid-Atlantic region and consolidate its surety specialty and expertise. Oak […]
The Hilb Group, a US-based property and casualty and employee benefits insurance brokerage and advisory firm, has acquired the Mark E. Malvaso Agency for an undisclosed price in a move to consolidate its footprint across New York state. The financial terms of the deal were not revealed. Based in Elbridge, the Mark E. Malvaso Agency […]
The Carlyle Group has acquired a majority stake in Beautycounter from Counter Brands in a deal that values the US cosmetics company at $1 billion. Founded in 2011 by Gregg Renfrew and launched in 2013, Beautycounter is engaged in producing skincare and cosmetic products. Jay Sammons – Head of Global Consumer, Media & Retail, The […]
The Carlyle Group has invested over $250 million in Pharmapacks, a US-based e-commerce company focused on health, personal care, and beauty products.. The investment gives an enterprise value of nearly $1.1 billion to Pharmapacks. Starting as a single brick and mortar pharmacy, Pharmapacks is said to have grown into a platform offering e-commerce capabilities to […]
VF Corporation, a US-based apparel and footwear company, has agreed to acquire streetwear brand Supreme from The Carlyle Group and Goode Partners, for $2.1 billion. Supreme sells apparel, accessories, and also footwear under its namesake brand across the world via direct-to-consumer channels, mainly through digital, which contributes more than 60% of its total revenue. The […]
Siemens has signed an agreement to sell Germany-based mechanical and electrical drive systems supplier Flender to the Carlyle Group for €2.025 billion. Flender provides a range of gear units, couplings, generators, and related services. The company caters to wind power, cement, power generation, oil and gas, marine, water and wastewater, conveyor and crane technology, and […]
The Carlyle Group said that it has purchased a portfolio of 27 distribution logistics assets across France and Germany for an undisclosed price. According to the global investment firm, the deal is structured as a sale-and-leaseback. The portfolio features 27 distribution logistics assets totaling 158,000 sqm of space, which is focused on parcel-delivery. The acquired […]
The Carlyle Group, through its newly-established affiliate Acadia Renewable Energy, has acquired a portfolio of solar development projects, of more than 100MW, in Maine, US, from solar power producer BNRG. The acquired portfolio is made up of eight solar projects, which are being built across southern Maine with an overall investment of more than $130 […]
Keysight acquisition of Eggplant : Keysight Technologies, California-based manufacturer of electronics test and measurement equipment and software,e has completed its $330 million acquisition of digital automation intelligence specialist Eggplant from The Carlyle Group. Eggplant is a software test automation platform provider that employs artificial intelligence (AI) and analytics for the automation of test creation and […]
PIB Group, a UK-based insurance intermediary group, has acquired Marx Re-Insurance Brokers (Marx Re), a German reinsurance and insurance broking company for an undisclosed price. The acquisition of the Munich-based insurance company is said to reflect PIB Group’s ongoing goal of global expansion while widening its proposition into offering reinsurance solutions. Established in 2009, Marx […]