Pennsylvania-based Oak Ridge Surety Agency acquired by Hilb Group

Pennsylvania-based Oak Ridge Surety Agency acquired by Hilb Group

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 […]

Carlyle Group invests $250m in US e-commerce company Pharmapacks

Carlyle Group invests $250m in US e-commerce company Pharmapacks

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 to acquire streetwear brand Supreme for $2.1bn

VF Corporation to acquire streetwear brand Supreme for $2.1bn

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 to sell mechanical and electrical drive business Flender to Carlyle for €2bn

Siemens to sell mechanical and electrical drive business Flender to Carlyle for €2bn

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 […]

Carlyle Group acquires 27 distribution logistics assets in France and Germany

Carlyle Group acquires 27 distribution logistics assets in France and Germany

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 […]

Keysight Technologies acquires Eggplant from Carlyle Group for $330m

Keysight Technologies acquires Eggplant from Carlyle Group for $330m

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 acquires German reinsurance and insurance broker Marx Re

PIB Group acquires German reinsurance and insurance broker Marx Re

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 […]