M&A warms up as Thanksgiving draws near

Blackstone Growth eyes $3 bln to $4 bln for debut fund; Accuity Delivery Systems is up for sale; Kelleher exits BB&T

Only a few days until Thanksgiving but things are really hopping this morning in M&A land.

First, there appeared to be somewhat of a settlement in one of the better private equity spats of this year. Taylor Swift played her music yesterday at the 2019 AMA‘s. I know you were worried. Did anyone watch?

In short, Ithaca Holdings acquired Big Machine Records earlier this year. Ithaca signed Swift as a 15-year-old. Carlyle Group is a minority investor of the company. Swift claimed Ithaca tried to prevent her from playing her music at the AMA’s. But she did play.

I’ve been wondering what happened to the Goya sale. It looks like Carlyle is not going forward with a bid. According to the New York Post, Goya had been in late stage talks to sell to Carlyle but the two couldn’t come to terms on who has control. Goya wants to be at the helm, but Carlyle doesn’t want to invest in a company at a high $3 billion to $4 billion valuation if it can’t run it, the story said. I’d heard other PE firms were looking at it.

Carlyle is also considering bidding for Dr. Martens, the British bootmaker owned by PermiraBusiness of Fashion reported. Permira is weighing an IPO or sale for Dr. Martens, the story said.

It’s official Charles Schwab is buying TD Ameritrade in a $26 billion deal. See our brief here.

Silver Lake is near a deal for First AdvantageReuters is reporting.