Latest news with #Advent International
Bloomberg
2 days ago
- Business
- Bloomberg
Advent Seeks to Buy Swiss Chipmaker U-blox in $1.3 Billion Deal
Advent International offered to buy U-blox Holding AG, a Swiss maker of positioning chips, in a deal valued at about 1.05 billion Swiss francs ($1.3 billion). Advent's cash offer of 135 Swiss francs per share, while representing a 53% premium over volume-weighted averages of the last six months, is less than U-blox's closing price of 138.60 Swiss francs on Friday.
Bloomberg
6 days ago
- Business
- Bloomberg
Blackstone, Goldman Lead Private Debt Deal for Sapiens Buyout
Blackstone Inc. and Goldman Sachs Group Inc. 's asset management arm are leading a nearly $1 billion private debt deal to help fund Advent International 's acquisition of Israeli software provider Sapiens International Corp., according to a person with knowledge of the matter, who asked not to be identified discussing private information. Advent announced this week it was acquiring Sapiens, which provides software to the insurance industry, in a deal valued at about $2.5 billion. In a statement announcing the deal, which is expected to close by early next year, Advent said it had arranged committed debt and equity financing.
