Top 10 sign blue white shutterstock_102171166
270 Views

Top 10 posts of the week

Trending on peHUB this week: Blend, Blackstone, Carlyle, NYSTRS, HarbourVest, Sequoia, WhatsApp, Platinum Equity, Nesco, Gryphon Investors, data scientists and PE’s dry powder.

Telstra to sell majority stake in Sensis

Telstra is to sell a 70 percent stake in its directories business, Sensis to US based private equity firm, Platinum Equity for A$454million. The sale excludes the voice services business and includes economic benefits to Telstra from services it will continue to provide to Sensis. Telstra will retain a 30 per cent shareholding with Sensis now valued at A$649million.

Volvo to sell rental unit for $1.1bn – Reuters

Truck maker Volvo has agreed to sell its machine rental business in North America to Platinum Equity for about 7.2 billion Swedish crowns ($1.1 billion), writes Reuters. Volvo is in the midst of a restructuring scheme to boost profitability across the group, writes Reuters.

Serena Software auction continues as Attachmate exits – Reuters

Private equity firm Silver Lake is proceeding with an auction for its information technology management company Serena Software after talks aimed at selling Serena to its technology peer Attachmate Corp ended, writes Reuters. Silver Lake is now in talks with a small number of specialist buyout firms, including Veritas Capital Fund Management and Platinum Equity about selling its majority stake in Serena.

Clothing Rack

Checkpoint Completes CheckView Sale to Platinum Equity

Checkpoint Systems Inc. has completed the previously-announced sale of its CheckView business unit to Platinum Equity, a California-based private equity firm. The sale includes all continuing business operations and assets associated with the U.S. and Canadian retail security-oriented CheckView organization. Financial terms of the deal were not released.

A full moon rises behind the Empire State Building and the Chrysler Building over the skyline of Manhattan in New York

New York City Makes Mammoth $1.1B In PE Commitments

The New York City Retirement Systems, the $127 billion group of municipal pensions overseen by the city comptroller’s office, made an impressive $1.1 billion in commitments to five private equity funds in the first quarter, according to Stephanie Hoo, a senior press officer. According to sister magazine, Buyouts, the funds are managed by The Carlyle Group, Platinum Equity…

PEHUB Community

Join the 12494 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

Look Who’s Tweeting

Reuters VC and PE feed

RSS Feed Widget

Groups