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PE Hub – 6 PE-backed cybersecurity deals in May, as demand accelerates

On the heels of Vista’s big take-private deal for KnowBe4, PE investors in cybersecurity include Crosspoint Capital, Centerbridge, Summit and Enlightenment. As cybersecurity threats proliferate, the companies defending against them continue to attract private equity. Witness Vista Equity Partners’$4.6 billion take-private deal for cybersecurity training specialist KnowBe4, […]

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Sabre Corporation Announces Commitment of a$665 Million Private Financing and Cash Tender Offers by Sabre GLBL Inc. forExisting Secured Debt

Sabre GLBL Inc. (“Sabre GLBL”), a wholly-owned subsidiary of Sabre, has entered into a commitment letter with lenders (together, the “Lenders”) led by affiliates of Centerbridge Partners, L.P. for a $665 million new senior secured credit facility (the “New Facility”) to Sabre Financial Borrower, LLC (the “Borrower”), a newly […]

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Atlantic BidCo GmbH: Atlantic BidCo receives all regulatory approvals to complete the voluntary public takeover offer for Aareal Bank AG – Settlement of takeover offer expected in June

Atlantic BidCo GmbH (the “Bidder”) today announced that, following the approval by the European Central Bank (“ECB”), it has now obtained all regulatory clearances related to the voluntary public takeover offer for the shares of Aareal Bank AG (“Aareal Bank”). Atlantic BidCo is a non-controlled company indirectly […]

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INDUS Stockholders Approve Merger at Special Meeting

INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced that at a special meeting of stockholders held on May 17, 2023, stockholders voted to approve the previously announced proposed merger, whereby affiliates of Centerbridge Partners, L.P. and GIC will acquire […]

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PE Hub – Cybersecurity vendor Netwrix grabs investment from Centerbridge

Centerbridge Partners has made an investment in Frisco, Texas-based Netwrix, a cybersecurity vendor. No financial terms were disclosed. TA Associates will remain Netwrix’s majority shareholder with Updata Partners retaining a minority stake in the business. “Netwrix has continually demonstrated its ability to innovate and identify software that […]

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Bloomberg – Creditor Brawls: The Next Phase (Video)

After several years of aggressive creditor maneuvers, distressed debt professionals are on high alert for how transactions could work against them if a company runs into trouble or seeks a side deal with certain investors. This panel examines the latest developments for these types of financings, and […]

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