M&A Deal News
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M&A Deal News – September 3, 2019

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Carlyle Goes in AI, ADM Leads a New Financing Round, Brightstar Capital Scores a Nutrition Company

M&A Deal News – September 4, 2019:  Each day, we focus on M&A deal news in the private equity, real estate, AI and tech, and others impacting the alternative investment space. Here’s our recap for Friday evening.

Private Equity M&A Deal News

  • First up, Tikehau Capital announced a business and capital alliance with Japanese insurance firm T&D Insurance Group. This deal will allow the alternative asset manager to expand its presence in Japan. The announcement comes after it launched an office in Tokyo earlier this spring. The firm further aims to expand its client base to Japanese pension investors and market Private Debt products.
  • Next up, Blackstone and Civen are reportedly interested in buying British medical equipment manufacturer Smiths Group. Bloomberg reports that the two private equity firms (among others) are talking to banks about a possible deal. Such a deal could be worth 3 billion pounds ($3.6 billion) if compared to rival multiples.

M&A Deal News: It’s About Specialization

  • Tech growth investor FPE Capital announced it has purchased labeling and artwork management specialist Kallik. The target company engages in labeling in highly regulated industries that include cosmetics, chemicals, pharmaceuticals, and medical devices. As expected, companies did not disclose terms of the deal.
  • Next up is private equity firm Brightstar Capital Partners. The firm announced it will acquire Capstone Nutrition, which manufactures high-quality nutritional products. The firm is based in Ogden, Utah. Parties did not disclose terms of the deal.
  • Private equity firm ADM Capital has led a 60 million euro round for M2i Life Sciences. The company creates pheromones that can replace chemical pesticides in parks, agriculture, and gardens. In addition, four other investors, including Eurazeo Growth, took part in the deal.
  • Next, private equity firm Avista Capital Partners announced plans to purchase GCM Holding Corporation from May River Capital. GCM manufactures high-precision components and assemblies for the MedTech industry. It also caters to segments likes robotic-assisted surgery, radiotherapy, and diagnostic technology.

The Carlyle Group Buys a Stake in HireVue: M&A Deal News

  • It is a busy day for The Carlyle Group. The private equity shop is buying a majority stake in HireVue, a video and AI software developer. HireVue uses AI to help employers screen job applicants. HireVue also says that about a third of the Fortune 100 companies are customers. Its customer base includes Goldman Sachs, Hilton Hotels, and Intel Corporation. Naturally, neither Carlyle nor HireVue disclosed any details of the deal.
  • Meanwhile, Waud Capital Partners announced a strategic partnership with Health & Safety Institute, a firm that operates in compliance and workplace safety training. Terms of the deal were not disclosed.
  • Finally, Caisse de dépôt et placement du Québec (CDPQ) announced plans to join a deal to purchase Australian hospital operator Healthscope. Further, the firm will join Brookfield Asset Management for a minority stake worth A$300 million ($202 million) deal. Brookfield had previously announced plans to take the Australian company private in January.

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