Madison Dearborn Partners To Acquire Majority Stake In Unison From Carlyle

RTTNews | 1029 dias atrás
Madison Dearborn Partners To Acquire Majority Stake In Unison From Carlyle

(RTTNews) - Unison, a leading provider of procurement, supply chain, and contract management software to U.S. federal government agencies and government contractors, announced Tuesday that it will receive a strategic majority investment from funds affiliated with private equity investment firm Madison Dearborn Partners, LLC.

As part of the transaction, funds managed by global investment firm Carlyle Group (CG) will sell its majority stake to MDP, while remaining a strategic partner as a minority investor. MDP joins existing investors, Carlyle and Unison management, to provide additional resources and industry expertise to Unison. Financial terms were not disclosed.

The transaction is anticipated to close in the third quarter of 2022. Upon closing, funds associated with MDP will own a controlling stake in Unison, while Carlyle will retain a significant minority equity position.

Unison's management team will continue to serve in their current roles and members of Unison leadership will maintain a significant portion of their investment in Unison.

Etiquetas: CG
read more
Japanese Market Slightly Lower

Japanese Market Slightly Lower

The Japanese stock market is trading slightly lower on Wednesday after opening in the green, snapping a seven-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 36,800 level, with weakness in exporters and automaker stocks partially offset by gains in technology and financial stocks.
RTTNews | 1 h 6 min atrás
Australian Market Slightly Higher

Australian Market Slightly Higher

Australian shares are trading slightly higher on Wednesday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying below the 8,200 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks nearly offset by weakness in technology stocks.
RTTNews | 1 h 29 min atrás
U.S. Dollar Declines Against Majors

U.S. Dollar Declines Against Majors

The U.S. dollar fell against its major counterparts in the New York session on Tuesday, as investors awaited monetary policy decision from the Federal Reserve due on Wednesday.
RTTNews | 6 h 43 min atrás
Canadian Stocks Marginally Down In Cautious Trade

Canadian Stocks Marginally Down In Cautious Trade

Canadian stocks are turning in a mixed performance on Tuesday with investors largely refraining from making significant moves amid lingering concerns about tariffs and some weak earnings updates.
RTTNews | 9 h 1 min atrás
Swiss Market Ends Flat After Choppy Session

Swiss Market Ends Flat After Choppy Session

The Switzerland market closed slightly weak after a choppy ride on Tuesday as investors mostly stayed cautious, looking for fresh triggers. The Federal Reserve and the Bank of England are scheduled to announce their rate decisions on Wednesday and Thursday, respectively.
RTTNews | 9 h 32 min atrás
European Stocks Close Broadly Lower Ahead Of Key Policy Announcements

European Stocks Close Broadly Lower Ahead Of Key Policy Announcements

European stocks closed broadly lower on Tuesday with investors largely staying cautious, following political and geopolitical developments, digesting economic and earnings updates, and awaiting the monetary policy announcements from the Federal Reserve and the Bank of England, due later in the week.
RTTNews | 9 h 48 min atrás
UK Car Sales Drop 10.4% In April As Higher Taxes Hurt - SMMT

UK Car Sales Drop 10.4% In April As Higher Taxes Hurt - SMMT

New car registrations in the U.K. decreased in April mainly due to customers making purchases early to avoid higher taxes that came into effect at the start of the month, though electric car sales continued to increase, monthly data from the Society of Motor Manufacturers and Traders showed on Tuesday.
RTTNews | 11 h 47 min atrás
U.S. Trade Deficit Spikes To Record High In March As Import Surge

U.S. Trade Deficit Spikes To Record High In March As Import Surge

The U.S. trade deficit spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday. The report said the trade deficit soared to a record high $140.5 billion in March from a revised $123.2 billion in February.
RTTNews | 12 h 33 min atrás