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JPMorgan targets private credit firm to boost $3.6tn asset management arm

Private Equity Insights

New York-based banking giant JPMorgan Chase & Co is actively seeking to acquire a private credit firm to strengthen its private capital operations within its $3.6tn asset management division. Source: Private Equity Wire Can’t stop reading?

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Goldentree in talks with investment banks to explore a potential sale of the Travelodge chain at a £1.2bn valuation

Private Equity Insights

Its owner of nearly a decade, American asset management firm 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.

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Here's Why 1 Investment Bank Says Blackstone Just Hit a "Major Milestone"

The Motley Fool

Blackstone (NYSE: BX) recently reached a huge milestone when it surpassed over $1 trillion in assets under management ( AUM ) in the second quarter. It became the first global alternative asset manager to hit that level and will add another notch to its belt when it joins the S&P 500 index later this month.

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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.

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TA Associates and Warburg Pincus mull $2bn Procare sale

Private Equity Insights

Private equity firms 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. Source: Private Equity Wire Can’t stop reading?

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Bain Capital Eyes $6bn Exit for Varsity Brands

Private Equity Insights

Bain has been interviewing investment banks to hire financial advisers that will help the private equity firm come up with a plan to cash out on its majority stake in Varsity Brands, the sources said. read more The post Bain Capital Eyes $6bn Exit for Varsity Brands appeared first on Private Equity Insights.

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PE firm Altor to sell Sweden’s Carnegie to Norwegian bank DNB for $1.14bn

Private Equity Wire

Private equity firm Altor has agreed to sell Swedish investment bank and asset manager Carnegie to Norway’s largest bank, DNB, for approximately SEK12bn ($1.14bn), with the deal expected to close in the first half of next year, according to a report by Reuters. following the announcement.

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