Key Takeaways
- • Amazon is in talks to buy Decart, a VC-backed developer of world models and chip optimization software, for around $7 billion, according to the Wall Street Journal.
- • Ancora has built a stake in Big Yellow Group (LSE: BYG) and is asking the self-storage company to explore a sale, per Bloomberg; Irenic Capital has become the second activist investor to push for a sale, per the FT.
- • GTCR and Elliott Investment Management agreed to buy CCC Intelligent Solutions (Nasdaq: CCC) for $6.1 billion.
- • Mubadala Capital completed its $6.2 billion take-private buyout of Clear Channel Outdoor, while Penske Automotive Group agreed to go private for $16.3 billion via a joint entity owned by Penske Corp. and Mitsui & Co.
- • Permira is in talks to sell credit platform Octus to London Stock Exchange Group for around $3.5 billion, and Blackstone agreed to sell ZO Skin Health to Galderma for $1.5 billion including debt.
Summary
Amazon (Nasdaq: AMZN) is in talks to acquire Decart, a VC-backed developer of world models and chip optimization software, for around $7 billion, according to the Wall Street Journal. The approach marks one of the more significant AI-related deal discussions in this week's roundup.
In the UK listed sector, activist pressure is building at Big Yellow Group (LSE: BYG). Ancora has built a stake in the self-storage company and is asking it to explore a sale, per Bloomberg. Irenic Capital has become the second activist investor to push for Big Yellow to consider a sale, per the Financial Times.
Large take-private and buyout activity featured prominently. GTCR and Elliott Investment Management agreed to buy car insurance software provider CCC Intelligent Solutions (Nasdaq: CCC) for $6.1 billion. Mubadala Capital completed its $6.2 billion take-private of Clear Channel Outdoor. Penske Automotive Group (NYSE: PAG) agreed to go private for $16.3 billion through a joint entity owned by Penske Corp. and Mitsui & Co.
On the sell side, Permira is in talks to sell credit platform Octus to London Stock Exchange Group for around $3.5 billion. Blackstone agreed to sell Irvine-based dermatology products maker ZO Skin Health to Galderma (SIX: GALD) for $1.5 billion including debt. AirTrunk, the Australian data center operator owned by Blackstone and CPP Investment Board, is delaying a $1.5 billion REIT IPO until 2027, per Bloomberg.
Across private equity buyouts, 26North Partners agreed to acquire MEI Industrial Solutions from Olympus Partners, Apax Partners agreed to buy out Warburg Pincus' stake in Dutch telco Odido, and Ardian and Hy24 agreed to buy clean hydrogen developer Hynamics from EDF. Bain Capital completed its $1.5 billion investment in Eaton Fiber, an affiliate of Tillman Global Holdings, to support Verizon fiber broadband deployment.
In the UK listed sector, activist pressure is building at Big Yellow Group (LSE: BYG). Ancora has built a stake in the self-storage company and is asking it to explore a sale, per Bloomberg. Irenic Capital has become the second activist investor to push for Big Yellow to consider a sale, per the Financial Times.
Large take-private and buyout activity featured prominently. GTCR and Elliott Investment Management agreed to buy car insurance software provider CCC Intelligent Solutions (Nasdaq: CCC) for $6.1 billion. Mubadala Capital completed its $6.2 billion take-private of Clear Channel Outdoor. Penske Automotive Group (NYSE: PAG) agreed to go private for $16.3 billion through a joint entity owned by Penske Corp. and Mitsui & Co.
On the sell side, Permira is in talks to sell credit platform Octus to London Stock Exchange Group for around $3.5 billion. Blackstone agreed to sell Irvine-based dermatology products maker ZO Skin Health to Galderma (SIX: GALD) for $1.5 billion including debt. AirTrunk, the Australian data center operator owned by Blackstone and CPP Investment Board, is delaying a $1.5 billion REIT IPO until 2027, per Bloomberg.
Across private equity buyouts, 26North Partners agreed to acquire MEI Industrial Solutions from Olympus Partners, Apax Partners agreed to buy out Warburg Pincus' stake in Dutch telco Odido, and Ardian and Hy24 agreed to buy clean hydrogen developer Hynamics from EDF. Bain Capital completed its $1.5 billion investment in Eaton Fiber, an affiliate of Tillman Global Holdings, to support Verizon fiber broadband deployment.
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