Private Equity & Private Capital News

Private equity giant TPG is exploring the sale of Crunch Fitness, a gym chain that could be valued at over $1.5bn, including debt, according to a report by Reuters citing sources familiar with the matter.

French payments company Worldline (WLN.PA) is attracting early-stage takeover interest from private equity firms, including Bain Capital, as it faces a challenging period of falling share prices, profit warnings, and leadership changes, according to a report by Reuters.

Apheon, a pan-European mid-market private equity investment company, has closed a continuation fund for TMC and Haudecoeur – two high-performing assets held in its MidCap Buyout IV SCSp (AMB IV) – at €435m, with backing from HarbourVest as lead investor.

Singapore Post Limited (SingPost), the Asia Pacific-based postal and eCommerce logistics provider, is to sell its Australian business, Freight Management Holdings (FMH) to private equity firm Pacific Equity Partners (PEP) for AUD775.9m ($505.4m).

Private equity giant GTCR has committed to a $1.33bn investment in software testing leader Tricentis, supported by the current majority owner Insight Partners, in a deal that values the business at $4.5bn.

KKR, the Canada Pension Plan Investment Board (CPPIB), and Axel Springer CEO Mathias Döpfner are working to secure approximately €4bn ($4.2bn) in debt to finance a strategic separation of the German media giant’s classified ads businesses from its news operations, according to a report by Bloomberg.