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Brookfield joins $1.9bn Insignia bidding war

Private Equity Wire

Insignia Financial, Australias third-largest superannuation player, has attracted a third suitor, with Brookfield Asset Management entering the fray to acquire the money manager with an AUD3bn ($1.9bn) offer, according to a report by Reuters. Shares of Insignia surged 7.6% per share offered by all three contenders.

Bidding 90
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Grifols shares plunge as Brookfield drops takeover bid

Private Equity Wire

Grifols shares tumbled 10% on Wednesday after sources revealed that Canadian private investment giant Brookfield Asset Management is planning to abandon its takeover bid for the Spanish pharmaceutical company, according to a report by Bloomberg. Both Grifols and Brookfield declined to comment on the latest developments.

Bidding 97
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Brookfield Asset Management wraps up third infrastructure debt fund

PE Hub

BID III's limited partners include public and private pension plans, sovereign wealth funds, financial institutions, endowments, foundations and family offices. The post Brookfield Asset Management wraps up third infrastructure debt fund appeared first on PE Hub.

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Fortress and BlackRock eye joint bid for €3bn German insurer Viridium

Private Equity Wire

A consortium led by Mubadala Capital-backed private equity firm Fortress Investment Group and BlackRock is among several parties evaluating bids for Viridium Group, a German life insurance consolidator, according to a report by Bloomberg.

Bidding 96
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Billionaire Steven Cohen Sold Point72's Entire Stake in Supermicro and Is Piling Into This Game-Changing Artificial Intelligence (AI) Stock Instead

The Motley Fool

However, Berkshire's "Oracle of Omaha" is far from the only billionaire money manager that investors pay close attention to. For instance, investors also closely follow the trades made by billionaire Steven Cohen of Point72 Asset Management. trillion increase in global gross domestic product by 2030, due to the rise of AI.

Stakes 245
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Apollo makes $11bn Paramount Pictures bid

Private Equity Insights

Private equity major Apollo Global Management has made an $11bn offer to acquire Paramount Global’s Hollywood studio, Paramount Pictures, according to a report by Reuters citing an unnamed person with knowledge of the matter. Apollo’s bid is worth more than the entire market capitalisation of Paramount Global, which is currently around $7.7

Bidding 130
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Arkhouse and Brigade Unveil $5.8bn Bid to Take Macy’s Private

Private Equity Insights

An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8bn offer to take department store chain Macy’s (M.N) A $2.4bn bid that a group of investors led by Arkhouse submitted two years ago for real estate investment trust Columbia Property Trust was unsuccessful. 1, the person said.

Bidding 130