KKR to sell Capital Safety to 3M

3M has agreed to buy Capital Safety from KKR. The deal is valued at $2.5 billion. Morgan Stanley served as financial advisor to 3M on the transaction while Goldman Sachs was financial advisor to KKR. Based in Bloomington, Minnesota, Capital Safety is a provider of fall proteciton equipment.


PE HUB First Read

First Read ushers in your morning with news that Alibaba and its affiliate Ant Financial will be investing almost $1 billion into a Chinese local services startup, Goldman Sachs-backed PSAV is reportedly preparing for a $300 million IPO and according to a Harvard Business School study, working moms have more successful daughters and caring sons.


Lone Star Funds to buy Home Properties in $7.6 bln take-private deal

Lone Star Funds has agreed to acquire Home Properties Inc in a take-private deal valued at about $7.6 billion. The transaction is expected to be completed during the fourth quarter of this year. BofA Merrill Lynch served as financial advisor to Home Properties while Goldman Sachs.did likewise for Lone Star. Home Properties Inc owns, operates, acquires and repositions apartment communities in major metropolitan suburbs.


KKR to invest in Tarena

KKR is making an investment in Tarena International Inc. According to the deal, KKR and Shaoyun Han, founder, chairman and CEO of Tarena, have agreed to buy $90.5 million of ordinary shares in Tarena from existing pre-IPO shareholders Goldman Sachs and IDG Technology Venture Investments LLC Based in China, Tarena is a provider of professional education services.


Goldman Sachs and Centerbridge to sell KAG to OMERS Private Equity

OMERS Private Equity has agreed to buy Kenan Advantage Group Inc. The sellers are Goldman Sachs Capital Partners and Centerbridge Partners. No financial terms were disclosed for the transaction that’s expected to be completed in the third quarter of this year. Based in North Canton, Ohio, KAG is a provider of liquid bulk transportation services.


PE HUB Second Opinion

In Second Opinion, CVS is acquiring Target’s pharmacies for $2 billion, Goldman Sachs will be moving into online consumer lending and Jeb Bush announces he’s running for president.


CD&R-backed Univar prices IPO

Chemicals distributor Univar Inc has priced its IPO of 20 million shares at between $20 and $22 per share. Deutsche Bank Securities, Goldman, Sachs & Co and BofA Merrill Lynch are serving as the lead underwriters. Univar’s backers include Clayton, Dubilier & Rice LLP and CVC Capital Partners.


Anixter sells Fasteners unit to AIP

American Industrial Partners has acquired Anixter International’s OEM Supply-Fasteners segment. The price of the acquisition was $380 million in cash. Fasteners has been renamed Optimas OE Solutions. Goldman Sachs served as financial adviser to Anixter on the transaction.


VC-backed Alarm.com files for IPO

Vienna, Virginia-based Alarm.com Holdings, a connected home platform solution, has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. The company plans on trading the stock on the NASDAQ under the ticker symbol “ALRM.” Goldman, Sachs & Co, Credit Suisse Securities LLC and BofA Merrill Lynch are serving as the lead underwriters. Alarm.com’s backers include ABS Capital and Technology Crossover Ventures.


Bain Capital completes Blue Coat acquisition

Bain Capital has closed its previously announced buy of cybersecurity company Blue Coat Systems Inc for about $2.4 billion in cash. The seller was Thoma Bravo LLCGoldman Sachs provided financial advice to Blue Coat on the transaction while Jefferies LLC did likewise for Bain Capital.

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