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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.

Bidding 97
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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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PE firm KKR acquires $373m portfolio of Synovus Bank’s prime auto loans

Private Equity Insights

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up In late June, asset manager Ares Management also inked a deal with PacWest Bancorp for a $3.54 billion lender finance portfolio. Source: Reuters Can’t stop reading?

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TDR Capital and Sycamore Partners Consider Teaming Up for Joint Subway Bid Valued at Around $9bn

Private Equity Insights

Private equity firms TDR Capital and Sycamore Partners are reportedly considering joining forces in a bid to buy global sandwich chain Subway. JPMorgan Chase & Co, the investment bank advising Subway, has given the private equity firms interested in buying the company a $5 billion acquisition financing plan.

Bidding 130
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Goldman Sachs Raises $15bn to Buy Stakes in Private Equity Funds

Private Equity Insights

Goldman Sachs’ asset management arm said two funds have closed, raising more than $15bn for funds that enable investors to make secondary investments in existing private equity deals. read more Toshiba says $13.5bn takeover bid by JIP succeeds, set to go private Private equity fund Japan Industrial Partners Inc.’s

Stakes 200
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Bain Capital, CVC Capital Partners and DCP Capital Move Ahead in the Bidding for Essity’s Majority Stake In Vinda International Holdings Valued around $2.4bn

Private Equity Insights

Read more GLP Capital Partners Raises $554m for Renewable Energy Fund GLP Capital Partners (GCP), an alternative asset manager based in Singapore, has established its. Read more GLP Capital Partners Raises $554m for Renewable Energy Fund GLP Capital Partners (GCP), an alternative asset manager based in Singapore, has established its.

Bidding 130
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Bain makes $1.7bn bid for Insignia Financial

Private Equity Wire

Private equity firm Bain Capital has made a non-binding, all-cash offer to acquire Australian wealth manager Insignia Financial that values the 178-year-old company at AUD2.67bn ($1.70bn), according to a report by Reuters. The offer comes amid heightened interest in Australian investment managers.

Bidding 96