LBOLink News

Trinity Biotech is making strides in the oncology diagnostics market with its acquisition of EpiCapture Limited, a company focused on non-invasive prostate cancer risk assessment. This move complements its broader advancements in diagnostics, including its partnership with Novus Diagnostics for rapid sepsis testing and other strategic investments. John Gillard and Antoinette Perry highlight the importance of these developments for improving patient outcomes. Investing.com https://lnkd.in/gGjGbHGn #LBO #Buyouts

Redwood has taken a majority stake worth $65 million in gaming streaming platform Loco to support its global expansion. Loco, often referred to as the 'Twitch for India,' was founded by Anirudh Pandita and Ashwin Suresh in 2018. Manish Singh | TechCrunch https://lnkd.in/gSKb9qz7 #LBO #Buyouts

The European banking sector faces major pressure as the ECB demands increased provisions due to exposure to leveraged buyout loans. BNP Paribas, Societe Generale, and other banks are in tense negotiations, while institutions like Deutsche Bank are preparing to deal with higher costs and risks. Gabriel Nedelec | Les Echos Capital Finance https://lnkd.in/gv2Zwt7b #LBO #Buyouts

Lovell Minnick Partners LLC has confirmed a deal to acquire a majority stake in Americana Partners, a Houston-based RIA with about $8.5bn in assets under management. Dynasty Financial Partners, which helped launch Americana in 2019, will remain a minority investor. Ian Wenik | Citywire https://lnkd.in/eszy6Qiu #LBO #Buyouts

Jeff Vinik is selling a stake in the Tampa Bay Lightning to an investor group led by Doug Ostrover and Marc Lipschultz from Blue Owl Capital, though he will remain in control for three more years. Notably, private equity firm Arctos Partners, LLC is also selling part of its stake but will remain a minority shareholder. Lillian Rizzo | CNBC https://lnkd.in/evmTKDF5 #PE #PrivateEquity #PrivateEquitySports #PESports #SportsBiz #LinkedinSports

Paragon has acquired a majority stake in TP FOOD GROUP, a leading provider of food processing equipment, marking a strategic partnership that will drive expansion and innovation in global markets. With Paragon's support, TPFG aims to explore new applications, expand product lines, and pursue strategic acquisitions. Max Moser von Filseck, Partner at Paragon, and fabrizio korosec, CEO of TPFG, are optimistic about the future of this collaboration. Paragon Partners https://lnkd.in/dw5r7qeX #LBO #Buyouts

Genstar Capital has acquired a majority stake in Likewize, a global provider of tech protection and support services. The increased investment will allow Likewize to accelerate the adoption of AI-driven claims handling and other premium tech support solutions. Private Equity Wire https://lnkd.in/eTPhYaJG #LBO #Buyouts

Mo' Bettahs Hawaiian Style Food has been acquired by private equity firms Blue Marlin Partners, LLC and Trive Capital, marking its next phase of growth. Savory Fund and Crewe Capital will continue to hold significant minority stakes in the fast-casual brand, which has seen remarkable performance over the years. Lisa Jennings | Restaurant Business Online https://lnkd.in/dxNjyKPF #LBO #Buyouts

TPG is preparing to raise a sports-focused private equity fund, showcasing how major investors are diving deep into the world of sports. Rory McIlroy will serve as one of its advisors, adding expertise from his previous work with the firm on Troon. Dan Primack | Axios https://lnkd.in/ddNSMMWJ #PE #PrivateEquity #PrivateEquitySports #PESports #SportsBiz #LinkedinSports

Apogem Capital’s 2020 vintage fund ranks first among peers in distributed-to-paid-in (DPI) performance, according to a Q3 market update by Banner Ridge Partners, LP. The secondary buyout fund, PA Secondary Fund VI, was the only one to exceed a 1.25x DPI. Funds from Adams Street Partners, Neuberger Berman, and Northleaf Capital Partners also performed well but fell in the 0.75x-1.25x range. Eric Lovisotto | SecondaryLink https://lnkd.in/dW5MSHQJ #LBO #Buyouts