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Apollo-backed Concord increases Hipgnosis price in bidding war with Blackstone

Private Equity Wire

Concord, a US investment group backed by Apollo Global Management, has raised its bid for Hipgnosis Songs Fund (HSF) to $1.5bn, surpassing a competing offer from Blackstone and initiating a bidding war, according to a report by the Financial Times. on its original bid, or 42.6% per share for HSF. per share for HSF.

Bidding 98
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Bain Capital buys Brazilian steakhouse chain Fogo de Chão in $1.1bn deal

Private Equity Insights

The deal marks a win for private equity firm Rhone Capital, which took Fogo de Chão private for $560m in 2018. Kirkland & Ellis served as legal counsel to Bain. Morgan Stanley & Co LLC is serving as financial adviser to Fogo de Chão and Rhône, while Sullivan & Cromwell served as legal counsel.

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euNetworks Closes on €2.1 Billion Equity Recapitalisation

Private Equity Insights

We’ve had a fantastic partnership with Stonepeak and IMCO since 2018 along with our other investors, and we extend our gratitude to them for their unwavering support. Simpson Thacher & Bartlett LLP and Campbell Lutyens acted respectively as legal counsel and financial advisor to Stonepeak. Billion US pipeline operator ONEOK Inc.

Legal 130
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Partners Group to Fully Exit Dutch Offshore Windfarm Borssele with Sale of Final 10% Stake

Private Equity Insights

Following completion of the latest stake sale, Partners Group, who you can meet at the DACH Private Equity Conference, will have fully exited from the original 45% stake it acquired in June 2018. Partners Group was advised by Rothschild & Co as its financial advisor and Clifford Chance LLP as its legal advisor.

Stakes 130
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Revelstoke Capital Partners Raises Funds With $1.7bn of Committed Capital

Private Equity Insights

Since 2018, the firm has raised $3.7 served as placement agent, and Simpson Thacher & Bartlett LLP provided legal advice to RCP Fund III. billion of equity commitments to execute on its strategy of working with entrepreneurs and management teams to build market-leading healthcare services companies. Houlihan Lokey Capital, Inc.

Capital 130
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iRobot Stock: Buy, Sell, or Hold?

The Motley Fool

Another recent instance includes JetBlue 's unsuccessful bid to acquire Spirit Airlines. In turn, the company appointed its Executive Vice President and Chief Legal Officer Glen Weinstein as interim CEO. The failed deal between Amazon and iRobot represents the latest in a series of proposed acquisitions thwarted by regulatory bodies.

Buyout 130
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10 Sunday Reads

The Big Picture

New York Times ) • Elon Musk Didn’t Just Do Turkey’s Bidding. Media Matters ) • Envision Healthcare files for Chapter 11 bankruptcy Envision suffered from declining profits amid hurdles from the COVID-19 pandemic and prolonged legal battles with health insurer UnitedHealthcare. She routinely mistook her adult son for his uncle.