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☆ Blackstone to Buy U.K. Software Developer Civica
▼ + stars: | 2023-11-22 | by ( Ben Dummett | ) www.wsj.com time to read: 1 min

Blackstone’s tie-up with Civica, if completed, could be announced as soon as Wednesday. Photo: jeenah moon/ReutersBlackstone agreed to buy U.K.-based software developer Civica, placing its second multibillion-dollar bet in Europe in as many days, in a sign that private-equity deal making in the region is picking up. The value of the transaction wasn’t disclosed. The Wall Street Journal earlier reported it valued Civica at close to $2.5 billion including debt.

Persons: Blackstone Organizations: Street Locations: Europe

☆ Blackstone Nears $2.5 Billion Deal to Buy Software Developer Civica
▼ + stars: | 2023-11-21 | by ( Ben Dummett | ) www.wsj.com time to read: 1 min

Blackstone’s tie-up with Civica, if completed, could be announced as soon as Wednesday. Photo: jeenah moon/ReutersBlackstone is in advanced talks to buy Civica in a deal valuing the U.K.-based software developer at close to $2.5 billion including debt, according to people familiar with the matter. The tie-up, if completed, could be announced as soon as Wednesday. It would mark Blackstone’s latest bet in the U.K. following its recent purchases of two hotels—one in Birmingham and another outside of Edinburgh—and a project to build affordable housing across the U.K.

Persons: Blackstone, Edinburgh — Locations: Birmingham, Edinburgh

☆ Teck Resources Nears Deal to Sell Coal Business to Glencore
▼ + stars: | 2023-11-14 | by ( Julie Steinberg | Ben Dummett | ) www.wsj.com time to read: 1 min

Swiss-based Glencore has been rare among major resources groups in sticking with coal. Photo: Jose Cendon/Bloomberg NewsCanadian miner Teck Resources is in advanced talks to sell its coal assets to mining and trading giant Glencore in a deal that would cap a lengthy saga and be one of the biggest in mining this year. The deal would value the business at close to $10 billion and could be announced as soon as this week, assuming the talks don’t fall apart, according to people familiar with the matter.

Persons: Jose Cendon Organizations: Bloomberg News Locations: Teck Resources

☆ Glencore-Led Group to Buy Teck’s Coal Business
▼ + stars: | 2023-11-14 | by ( Julie Steinberg | Ben Dummett | ) www.wsj.com time to read: 1 min

Swiss-based Glencore has been an outlier among major resources groups in sticking with coal. Photo: Jose Cendon/Bloomberg NewsCanadian miner Teck Resources said it is selling its coal assets to a group led by mining and trading giant Glencore in a deal that would cap a lengthy saga and be one of the biggest in mining this year. The transaction would value the business at around $9 billion. Under the terms of the deal, Switzerland-based Glencore will pay $6.93 billion for a 77% stake. Japan-based steelmaker Nippon will hold a 20% stake after converting existing holdings in some of Teck’s coal operations and paying cash, while South Korean steelmaker Posco will hold a 3% position after converting its holdings.

Persons: Jose Cendon Organizations: Bloomberg News, Resources, Nippon, South Locations: Switzerland, Japan

☆ Vista Equity Partners Close to $4 Billion Buyout of EngageSmart
▼ + stars: | 2023-10-23 | by ( Laura Cooper | Ben Dummett | ) www.wsj.com time to read: 1 min

Vista Equity Partners Chief Executive Robert F. Smith. Photo: JEENAH MOON/REUTERSVista Equity Partners is close to a $4 billion deal to acquire business-software company EngageSmart , a sizable buyout at a time when many private-equity firms are sitting on the sidelines. Under the terms of the deal, shareholders in the customer engagement and payments software specialist would receive $23 per share in cash, according to people familiar with the situation. The deal could be announced as soon as Monday, barring any last-minute snags.

Persons: Robert F, Smith Organizations: Vista Equity Partners, REUTERS Vista Equity Partners

Smithfield supplies hams and other fresh pork products to grocers. Photo: jim lo scalzo/EPA/ShutterstockThe Chinese parent of pork giant Smithfield Foods is working with banks to take the 87-year-old business public again in the U.S.Smithfield, the largest U.S. pork producer, could list its shares as early as next year, according to people familiar with the matter. Deliberations are ongoing and the timing could change, the people said.

Persons: jim lo scalzo Locations: Smithfield, U.S

☆ British Billionaire Jim Ratcliffe Nears Deal to Buy Minority Stake in Manchester United
▼ + stars: | 2023-10-15 | by ( Ben Dummett | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, jim, ratcliffe, 72483ce1 Locations: manchester

☆ The Hedge Fund That Made a Killing Betting Against Lina Khan
▼ + stars: | 2023-09-24 | by ( Caitlin Mccabe | Ben Dummett | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, lina, d5b395b1

☆ Marlboro Maker Hits Reset on $2 Billion Bet on Medicine
▼ + stars: | 2023-09-20 | by ( Ben Dummett | Jennifer Maloney | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: marlboro

☆ M&A Can Pay Off, but It’s Far From a Sure Thing
▼ + stars: | 2023-09-17 | by ( Ben Dummett | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

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Persons: Dow Jones

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Persons: Dow Jones

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Persons: Dow Jones Organizations: caa

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Persons: Dow Jones

☆ Arm Targets More Than $52 Billion Valuation in Largest IPO of the Year
▼ + stars: | 2023-09-05 | by ( Ben Dummett | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 7b541859

☆ Arm Looks to Target IPO at $50 Billion to $55 Billion Valuation
▼ + stars: | 2023-09-01 | by ( Corrie Driebusch | Ben Dummett | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Wellness Startup Gympass Bulks Up With New Funding at $2.4 Billion Valuation
▼ + stars: | 2023-08-23 | by ( Ben Dummett | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

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Persons: Dow Jones

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Persons: Dow Jones

☆ SoftBank Chip Unit Arm Files for an IPO Likely to Be 2023’s Biggest
▼ + stars: | 2023-08-21 | by ( Asa Fitch | Ben Dummett | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Ben Dummett — Reporter at The Wall Street Journal
▼ + stars: | 2023-08-18 | by ( Ben Dummett | ) www.wsj.com time to read: 1 min

Ben DummettBen Dummett writes about dealmaking from The Wall Street Journal's London bureau. His coverage area extends across sectors and regions in EMEA. Before that he worked in the Journal's Canadian bureau in Toronto where he reported on business and markets.

Persons: Ben Dummett Ben Dummett Organizations: Canadian Locations: London, Toronto

☆ Former Disney CEO Michael Eisner Strikes Deal to Sell Bazooka Gum Business
▼ + stars: | 2023-08-18 | by ( Ben Dummett | Laura Cooper | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, eisner

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Persons: Dow Jones

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Persons: Dow Jones Organizations: roche

☆ Activist Investor Blackwells Pushes for New Directors at IHS
▼ + stars: | 2023-06-28 | by ( Ben Dummett | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: ihs

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