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Grifols shares tumbled 10% on Wednesday after sources revealed that Canadian private investment giant Brookfield AssetManagement is planning to abandon its takeover bid for the Spanish pharmaceutical company, according to a report by Bloomberg.
A consortium led by Mubadala Capital-backed privateequityfirm 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.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up In late June, assetmanager Ares Management also inked a deal with PacWest Bancorp for a $3.54 billion lender finance portfolio. Source: Reuters Can’t stop reading?
Privateequityfirms 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 privateequityfirms interested in buying the company a $5 billion acquisition financing plan.
Goldman Sachs’ assetmanagement arm said two funds have closed, raising more than $15bn for funds that enable investors to make secondary investments in existing privateequity deals. read more Toshiba says $13.5bn takeover bid by JIP succeeds, set to go privatePrivateequity fund Japan Industrial Partners Inc.’s
Read more GLP Capital Partners Raises $554m for Renewable Energy Fund GLP Capital Partners (GCP), an alternative assetmanager based in Singapore, has established its. Read more GLP Capital Partners Raises $554m for Renewable Energy Fund GLP Capital Partners (GCP), an alternative assetmanager based in Singapore, has established its.
Privateequityfirm 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.
The chief executive at the time resigned to take responsibility for the chaos, after which the board began soliciting bids to take the company private. Read more Goldman Sachs Raises $15bn to Buy Stakes in PrivateEquity Funds Goldman Sachs' assetmanagement arm said two funds have closed, raising more than $15bn for funds.
Surprisingly, privateequityfirms are at the forefront of this trend, investing heavily in solar, wind, biomass, and other renewables. Brookfield AssetManagement Ltd., Peter Zhu, managing director at Macquarie Group Ltd.’s Key investors such as KKR & Co.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up AllianzGI manages around €90bn in private market assets. These structures typically offer period redemption opportunities up to a certain amount, usually 5% of net asset value per quarter.
Surprisingly, privateequityfirms are at the forefront of this trend, investing heavily in solar, wind, biomass, and other renewables. Brookfield AssetManagement Ltd., Peter Zhu, managing director at Macquarie Group Ltd.’s Key investors such as KKR & Co.
The privateequity backer of Six Nations Rugby is drawing up plans for a £1.5bn bid for Audiotonix, the British-based manufacturer of equipment used by bands such as Coldplay. Sky News has learnt that CVC Capital Partners is among the privateequityfirms examining offers for the Chessington-based company.
The privateequityfirm is in the early stages of exploring a sale of the Hungary-based pet food manufacturer, which could be valued at more than €2bn ($2.2bn), according to one of the people. Apollo Global Management Inc. The privateequityfirm acquired the business in 2018.
Authentic Brands Group has raised $500 million from its existing investor General Atlantic, bringing the privateequityfirm’s investment in the apparel chain operator to nearly $2 billion. Nearly four months after submitting its IPO paperwork in 2021, Authentic Brands sold stakes to a privateequityfirm.
Privateequityfirms TA Associates and Warburg Pincus are exploring a sale of portfolio company Procare Solutions, a provider of child-care management software, that could value the business at nearly $2bn, including debt, according to a report by Reuters.
TPG Inc-backed hospital group Columbia Asia Sdn Bhd and Sunway Medical Centre, a unit of Kuala Lumpur-listed Sunway Bhd, were picked to proceed to the next round of bidding, said the people. Binding bids for Ramsay Sime Darby Health Care Sdn Bhd are due in October, the people said.
GLP Capital Partners (GCP), an alternative assetmanager based in Singapore, has established its first commingled clean energy strategy in China, raising 4bn yuan ($555m) in total capital commitments from domestic institutions. The fund’s overall investment is expected to reach 20bn yuan.
Nexi SpA jumped as much as 19% after people with knowledge of the matter said CVC Capital Partners is in the early stages of considering a potential bid for European payments firm. The buyout group has been evaluating Nexi for some time, the people said, asking not to be identified because the information is private.
Its owner of nearly a decade, American assetmanagementfirm Goldentree is said to be in talks with investment banks to explore a potential sale of the chain, with sources telling The Sunday Times that it is gunning for a £1.2bn offer for the 595 hotels. It was then taken over by GoldenTree in 2012.
Gresham House in July agreed with Seed Bidco Ltd, a newly incorporated entity formed by funds advised by Searchlight at 1,105 pence per share bid. The offer values assetmanager Gresham at around £469.8m read more The post Searchlight acquires Gresham House for £470m appeared first on PrivateEquity Insights.
Air-France-KLM disclosed that it is in talks with Apollo Global Management, a privateequityfirm, regarding a €1.5bn ($1.64bn) financing package supported by its frequent flyer program, Flying Blue.
The privateequityfirm is in discussions with Global Switch’s Chinese owners about a potential deal, said the people, who asked not to be identified as the information is private. EQT was among the buyout firms that were in the final round of bidding for Global Switch, Bloomberg News reported in late 2022.
Investcorp, the Middle East’s biggest alternative assetmanager, acquired a 50% stake in New York-based privateequityfirm Corsair Capital’s $4.8bn infrastructure business. Investcorp Corsair Infrastructure Partners will include the infrastructure business’ existing funds, investments and team.
The lead investors in the round were privateequityfirms Stonepeak Partners, Lineage and Losa Group. Neal Rider, CEO of Emergent Cold LatAm, said: “This equity raise validates the strength of our investment thesis and demonstrates our investors’ confidence in the company’s business and management team.
Other lenders supporting the transaction include Goldman Sachs AssetManagement and Hayfin Capital Management. The Permira funds are excited to support GGW Group and the management team on their growth journey towards becoming the No. Permira confirmed the agreement to acquire GGW in a statement.
Mattioli Woods looks set to be sold in a £432m deal to privateequityfirm Pollen Street Capital. The firm’s directors have recommended that shareholders vote through the deal at a general meeting. Pollen Street has launched the takeover bid using a company called Tiger Bidco.
Landmark Management has sold a 40% stake to Rosemont to help the firm’s founder execute an internal succession plan. Privateequityfirm Rosemont Investment Group has acquired a 40% stake in Landmark Management, a New York-based multi-family office that oversees about $4.5bn in non-discretionary client assets.
Lower borrowing costs enable privateequityfirms to take on more debt, making them stronger contenders in competitive bidding for acquisition targets. In the US, they could raise about $5.5bn in senior loans and $3.5bn in bonds, with an additional £2bn available as junior capital from private credit firms.
Investcorp, an alternative assetmanager that counts Mubadala Investment Company as its biggest shareholder, has distributed $1.2bn in total to its GCC-based investors over the past 12 months, driven by “several value realisation initiatives”.
Ares Management Corp. faces the sort of quandary that other financial firms might find enviable. It has vaulted to the top rungs of the alternative-assetmanagement world by focusing on what it does best: private credit. At the time, other future giants of alternative-assetmanagement — KKR & Co.,
billion) from privateequityfirms Arkhouse Management and assetmanager Brigade Capital Management. Over the weekend, these would-be buyers raised their bid for Macy's to $24 a share ($6.6 billion) -- and Macy's stock is going up again -- 15.6% through 10:35 a.m.
Leading investors in the recap included a Stonepeak managed vehicle anchored by Mercer and Aware Super, and direct investments from the Investment Management Corporation of Ontario (“IMCO”) and APG AssetManagement (“APG”). Billion Loan for AirTrunk BidPrivateequityfirm Blackstone Inc.
Alright, Bert Clark wrote an excellent overview of 2023 from IMCO's perspective, highlighting why proper diversification across public and private markets helped the organization withstand the shock over the past two years where stocks and bonds got hurt (until mid-October where long bonds rallied hard).
Neil Callanan of Bloomberg reports distressed commercial property buyers see ‘exceptional bargains’: Distressed investors see one of the best opportunities in a generation to buy troubled US real estate assets as the commercial property crash continues to roil the market. Privateequityfirms are already positioning to take advantage.
In fact, the number of deals across the entire privateequity portfolio has slowed significantly in the last two years. “We We have submitted bids, but we often come in far below the winning bid and in retrospect we are happy that we’ve missed these investments.” “We use our secondaries to adjust the portfolio here.”
One of the things they have been doing over the last three years is really building out their third party assetmanagement business, raising funds for private capital from institutional investors globally, including ourselves, we put some money into the fund. And then Antares had a phenomenal year.
Management fees increased by $165 million, due to an increase in average assetsmanaged by external fund managers. Clayton, Dubilier & Rice is one of the world’s oldest privateequityfirms and focuses on upper middle market and large value-oriented buyouts, as well as build-ups in North America and Western Europe.
An arm of Canadian investment giant Brookfield has made a cash and stock bid for American Equity Investment Life Holding Co. valuing the insurance firm at about $4.3 is proposing to buy all the American Equity shares it doesn’t already own for $55 apiece, according to a statement. The bid includes $38.85
The founding family of Seven & i is in talks with Thailands Charoen Pokphand (CP) Group to secure funding for a management buyout aimed at blocking a $47bn takeover bid from Alimentation Couche-Tard. If completed, the dealvalued at approximately $58bnwould be Japans largest-ever management buyout. Can’t stop reading?
bids, represents an 8.7% bids, represents an 8.7% The bidding war has intensified after Brookfield AssetManagement entered the fray last month with a matching bid. Market analysts suggest a final knockout bid of AUD5.20 The revised offer of AUD5 per share, up from their initial AUD4.60
Generali and Groupe BPCE, parent company of Natixis Investment Managers, have agreed to merge their assetmanagement operations, forming a joint venture managing 1.9tn ($1.98tn) in AUM. This announcement comes amid increasing consolidation in the assetmanagement sector.
The move reflects broader industry momentum towards greater data transparency and operational efficiency in alternative assetmanagement. Source: Asset Servicing Times If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com. Can`t stop reading?
set a deadline for binding takeover offers from privateequityfirms Bain Capital, CC Capital Partners, and Brookfield AssetManagements UK unit, with bids due by the end of the month. Despite Brookfield’s late entry into the contest, Insignia has not extended the bidding timeline.
The AUD3.1bn ($2bn) bidding war has intensified, with all three privateequityfirms submitting preliminary offers of AUD4.60 Founded in 1846, Insignia Financial has grown into a major player in Australias AUD4tn pension industry, offering financial advisory and retirement savings management services.
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