KKR to sell Ipreo to Goldman Sachs, Blackstone – Reuters

Blackstone and Goldman Sachs‘ investment arm are set to buy Ipreo from KKR in a private equity secondary deal that values the data company at $975 million, the Financial Times reported, writes Reuters. The planned sale comes barely three years after KKR acquired Ipreo for $425 million, writes Reuters.

First read sunrise

peHUB First Read

Catch up on the latest headlines after the weekend including NYSTRS’ preference for buyouts, KKR’s sale of Ipreo for near to $1 billion, how to determine whether a start-up is the one for you and the lowdown on going public after the Jobs Act.

First read Feb 24

peHUB First Read

This midweek morning find out how private equity fund terms have evolved, how much private equity funds benefit from debt-related tax shields, Energy Capital Partners closing Fund III and the latest personnel news for Atlas Venture.

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peHUB Second Opinion

In Second Opinion, Amazon enters the streaming video set-top box competition with its Fire TV product, the most popular jobs in every state, Microsoft is bringing back the start menu to the Windows desktop and the reorganization of Energy Future Holdings Corp. will likely nearly wipe out owners KKR, TPG and Goldman.


KKR acquires Aceco TI from General Atlantic

KKR said Tuesday that it is acquiring Aceco TI from General Atlantic and other shareholders. No financial terms were disclosed for the transaction, which KKR is making in partnership with Aceco’s CEO Jorge Nitzan who will both continue in his position and hold a minority stake in the firm. Based in Brazil, Aceco is a provider of data center design, implementation and maintenance solutions in Brazil and Latin America.

Amedisys adds KKR’s Zilkha to board of directors

Amedisys has appointed Nathaniel M. Zilkha to its board of directors. Zilkha is a member of the general partner of KKR. He also heads KKR’s credit platform and serves as its global co-head of special situations. Amedisys is a home health and hospice care company.

Poundland and Pets at Home set listing prices – Reuters

Poundland and Pets at Home are setting the prices for their initial public offerings, the latest British retailers to capitalise on London’s buoyant market conditions, writes Reuters. Pets at Home is mainly owned by US private equity group KKR and Warburg Pincus is a backer of Poundland.

Tax fight looms large in Energy Future restructuring – Reuters

As Energy Future Holdings prepares for what could be one of the largest-ever U.S. bankruptcies, some of its private equity lenders are pushing a breakup of the company that could reap them more than $1 billion in tax savings, two people close to the matter said this week, writes Reuters. Energy Future, formerly TXU Corp, was created in a 2007 leveraged buyout by a consortium including KKR, TPG Capital Management and Goldman Sachs‘ private equity arm.


RLPC: SunGard spinoff SunGard Availability preps $1.275B in debt

PE-backed SunGard Availability Services is coming to market with a $1.275 billion credit in connection with its spinoff from SunGard Data Systems, according to a report from Thomson Reuters Loan Pricing Corp. Sungard and the spinoff are principally owned by seven private equity firms, including Bain Capital Partners, The Blackstone Group and Kohlberg Kravis Roberts & Co.

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