Germany AG in disarray – 'DSV vs CVC' not over yet
Lots of pride to swallow
DHL: FDX: SEE YOU LATERFDX: FREIGHT LESS-THAN-TRUCKLOAD SALE OR SPIN-OFFFDX: HOW SHOULD WE THINK ABOUT MACRO FDX: 'HARD TO GET CREDIBILITY WITH INVESTORS' FDX: EARNINGS 'UPSIDE RISK' FDX: PRICING STRATEGYFDX: MODEST DECLINE IN FREIGHT UNIT OPERATING MARGINFDX: CONF CALL UPS: DOWN WITH FEDEXFDX: GUIDANCE CUTFDX: BIG EARNINGS MISSGXO: ROBOTS-AS-A-SERVICE FDX: ALL EYES ON TRADING UPDATEHLAG: CHRW: TECH-DRIVEN STORYMAERSK: MOMENTUMDSV: DAMAGE CONTAINED
DHL: FDX: SEE YOU LATERFDX: FREIGHT LESS-THAN-TRUCKLOAD SALE OR SPIN-OFFFDX: HOW SHOULD WE THINK ABOUT MACRO FDX: 'HARD TO GET CREDIBILITY WITH INVESTORS' FDX: EARNINGS 'UPSIDE RISK' FDX: PRICING STRATEGYFDX: MODEST DECLINE IN FREIGHT UNIT OPERATING MARGINFDX: CONF CALL UPS: DOWN WITH FEDEXFDX: GUIDANCE CUTFDX: BIG EARNINGS MISSGXO: ROBOTS-AS-A-SERVICE FDX: ALL EYES ON TRADING UPDATEHLAG: CHRW: TECH-DRIVEN STORYMAERSK: MOMENTUMDSV: DAMAGE CONTAINED
PitchBook writes:
Private equity’s biggest guns are once again showing they can have record-setting buyout firepower when they work as a team.
After recently backing away from so-called club deals that bring together multiple firms, the industry now has its largest acquisition in years. Blackstone, The Carlyle Group and Hellman & Friedman have joined forces to acquire Medline in a deal reportedly worth around $34 billion, including debt.
The deal comes after US private equity firms amassed approximately $721 billion in dry powder as of June 30, 2020 following years of record fundraising outputs. And it may signal that club deals involving multiple buyout shops have returned after they fell out of favor following a series of high-profile flops….
To read the full story, please click here.
The official statement, dated 5 June, can be found here.
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