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CVC Capital Partners is reportedly preparing a bid to acquire The Telegraph Media Group, marking a potential milestone as the first private equity takeover of a UK news outlet. Sources indicate that CVC, known for its investments in sports brands such as the Six Nations and La Liga, is exploring the possibility of submitting a formal bid.
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% to a three-year high of AUD4.65, slightly exceeding the AUD4.60
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.
US investment firm I Squared Capital is considering a bid for Hong Kong-listed broadband provider HKBN, which could value the company at up to $1bn, according to a report by Reuters citing two sources familiar with the matter. This potential higher bid adds a layer of competition to HKBNs lengthy buyout process.
US infrastructure investor Stonepeak, which manages over $70bn in assets, and FitzWalter Capital, known for distressed debt investments, have also submitted proposals but are seen as less likely to proceed with firm bids. The process remains fluid, with all bids currently non-binding. Can`t stop reading?
In fact, it's probably a smart idea to take his perspective, at least with some assets. Buy assets when they are priced cheaply Buffett is a stickler for buying stocks at an appropriate valuation. In crypto, this equates to not buying assets when everyone is talking about them and sentiment is high. Start Your Mornings Smarter!
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.
HIG Europe also submitted a bid earlier in the process, though its participation in the final stages is uncertain. The auction highlights continued investor appetite for platform healthcare assets, particularly in segments backed by recurring public sector contracts. Palamon acquired the company from Carlyle in 2021.
The private equity giant, managing $1 trillion in assets, is purchasing the stake from New Mountain Capital, Citrin Coopermans previous majority owner. Billion Loan for AirTrunk Bid Private equity firm Blackstone Inc. This could mark Blackstones first investment in the accounting sector. Billion US pipeline operator ONEOK Inc.
A 13F is a required filing for institutional investors with at least $100 million in assets under management (AUM) that provides a concise snapshot of the stocks Wall Street's most prominent money managers are buying and selling. For example, investors may have been so swamped by other news events that they completely missed the Nov.
Three private equity groups are reportedly all set to make their binding bids for Gautam Adani’s six-year-old shadow bank, Adani Capital. The funds are reportedly looking at a 100 per cent buyout Adani Capital has $40bn of assets under management and $8bn in book value. The group is expecting 2-2.5
The private equity firm is negotiating the acquisition of the unit, which oversees approximately 400bn ($436bn) in assets, Bloomberg reports. Discussions have progressed significantly, and the deal could be completed in the coming weeks. However, no official agreement has been signed, and negotiations remain confidential. Can`t stop reading?
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.
The auction comes amid growing private equity appetite for assets in the agri-health and life sciences sectors, where defensiveness and global demand continue to underpin investment interest. The Dutch-Swiss company has mandated UBS Group and Piper Sandler to run the process and is expecting indicative offers by 17 April.
Since then, the insurer has expanded through acquisitions, including Skandia and Entis, growing its assets under management from 5bn to 67bn and its policyholder base from 600,000 to 3.4 Cinven first acquired Viridium, then known as Heidelberger Leben, from Lloyds Banking Group for 300m over a decade ago.
With over 3.3bn ($3.4bn) in assets under management and nearly 5,000 investors, Moonfare has built a global network of 71,000 family offices, industrial families, and private investors. Investors benefit from a secondary market feature, with a biannual auction facilitated by Lexington Partners.
KKR and Bain Capital have each submitted first-round bids exceeding $5bn for the non-core assets of Japan’s Seven & i Holdings, according to a report by Reuters citing sources familiar with the matter. KKR bid approximately JPY800bn ($5.1bn) for York Holdings, a unit being spun off by the Japanese retailer.
Two major private equity firms, KKR and CVC, have submitted bids exceeding €3bn for B&B Hotels, a French budget hotel chain that was founded in Brest, Brittany in 1990, and has since expanded to 17 European countries, according to a report by the Times.
The market was awash with speculation over a potential takeover bid from German industrial giant Bosch following a Reuters article on the matter. The German company is reportedly looking at bidding for Whirlpool (NYSE: WHR). There's no secret to it. Should you invest $1,000 in Whirlpool right now?
Steel announced a strategic alternatives process -- a phrase most often coinciding with a company's decision to explore a sale -- stating it had received "multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole company." billion bid for U.S. On Friday, however, U.S.
billion bid for the FTSE 100 fund manager today from a private equity consortium, a deal that will end its time as a listed company. Peter Hargreaves still owns 20% of the firm, which has £155 billion in assets under management. Assets under management rose 16% to just over £155 billion and it added 78,000 clients in the period.
He noted a growing demand for Balbecs asset-based and specialty finance strategies as investors seek diversification. Balbec has deployed more than $23bn globally since its inception in 2010, focusing on delivering risk-adjusted returns across asset-based credit strategies. The fund has already called 51% of capital commitments.
According to Reuters, Bosch has been talking to potential advisors about the possibility of a bid for Whirlpool. But the acquisition would make sense, and investors are bidding up shares of Whirlpool today in hopes Bosch will move forward with a deal. Is Whirlpool stock a buy?
The firm, which is majority-owned by private equity group Permira, is one of the UK’s largest wealth managers, overseeing £63bn in assets under management. While Bridgepoint also pursued the acquisition, it ultimately made a lower bid than Apax, according to the reports.
Insignia Financial’s shares surged to a three-year high on Monday after the Australian financial services company announced an AUD2.87bn ($1.78bn) takeover bid from US-based private investment firm CC Capital Partners, according to a report by Reuters. CC Capitals non-binding bid represents a 7.5% per share cash offer.
The company highlighted that buying Hess would add the Stabroek block in Guyana, which the company called "an extraordinary asset with industry-leading cash margins and low carbon intensity that is expected to deliver production growth into the next decade." At issue is the value of Guyana in relation to Hess' other assets.
Akzo Nobel NV, the Dutch parent, announced in October that it plans to divest non-core assets, starting with its South Asia decorative paints unit. The sale includes operations in India, Pakistan, and Sri Lanka, with non-binding offers expected by mid-March.
FDIC officials are now in final discussions to declare Blackstone’s bid as bringing the lowest costs to the agency, some of the people said. The bidding process had lured finance companies including Starwood Capital Group and Brookfield Asset Management Ltd. Such deals can be complex.
billion portfolio of Singapore assets in what they said was one of the largest deals involving a private portfolio of industrial assets in the city-state. “This represents one of the largest transactions of a private portfolio of industrial assets in Singapore,” Warburg Pincus and Lendlease said.
Iberdrola, with deep pockets after the sale of assets in Mexico, started preparing an offer for ENWL in November, Reuters reported previously. For its part, Engie is eager to augment its exposure to regulated assets like power and gas networks, aiming to increase their contribution to its core earnings from the current 35% to 50% by 2026.
For Rite Aid’s 1,900 remaining retail stores, the company will receive bids for the physical store assets through January 19. The post Rite Aid’s retail store auction rescheduled for January 24 appeared first on PE Hub.
KKR, which made the investment through its private credit funds and accounts, said the deal aligns with its asset-based finance strategy. 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
Brookfield Asset Management, together with its co-investors, has taken a major step toward completing a 6.1bn ($6.4bn) acquisition of Neoen SA, having secured around 53% of the companys shares, according to a report by Bloomberg. per share.
The sale comes amid a surge in private equity-led buyouts in Japan, as companies divest non-core assets to enhance corporate and shareholder value. This figure includes a $47bn takeover bid for Seven & i Holdings by Canadian retailer Alimentation Couche-Tard.
The company’s net asset value per share grew from £18.86 In November, the company surpassed £20bn in assets for the first time thanks to the rapid growth of Action, which it holds a majority stake in and now makes up 65 per cent of its assets. Meanwhile, its share price increased six per cent over the quarter but fell 3.1
Former Bank of England Governor Mark Carney has stepped down from his roles as Chair and Head of Transition investing at Canadian alternative investment giant Brookfield Asset Management to launch his bid to become the country’s next Prime Minister, according to a report by New Private Markets.
In 2021, there was a bubble due to zero-percent interest rates that artificially increased demand for almost every speculative asset. Bitcoin is an anti-inflationary asset. That makes Bitcoin's long-term performance meaningful. Most cryptocurrencies haven't revisited those 2021 highs since the bubble popped in 2022, but Bitcoin has.
Reuters recently reported that the company is currently evaluating several bids for this business and that it could make a decision on whether to sell in the coming weeks. Tellurian doesn't have the scale to operate its gas assets profitably in the current environment. billion of total assets. Meanwhile, the company only had $1.3
Blackstone Real Estate Debt Strategies and Blackstone Real Estate Income Trust partnered with Miami, Florida-based Rialto Capital and the Canada Pension Plan Investment Board to make the successful $1.2bn bid for the 20% interest in a joint venture set up by the FDIC to hold the failed bank’s $16.8bn in commercial real estate debt.
In 2019, the company bought Anadarko Petroleum, winning a bidding war with Chevron. Warren Buffett's Berkshire Hathaway even got involved, helping to finance Oxy's bid. It charges fees for the use of those assets. That's where the story gets complicated.
The iShares Bitcoin Trust (NASDAQ: IBIT) from Blackrock (NYSE: BLK) was the first to reach $1 billion in assets under management less than one week after its launch. That title belongs to the Bitwise Bitcoin ETF (NYSEMKT: BITB) , which charges just 0.20% of assets under management. Both issuers are also offering generous fee waivers.
First, it changed the calculations of transaction fees -- also known as " gas fees " -- from a manual bidding system instead of an automated one. However, the SEC has been reluctant to approve the first spot price ETFs for Ether because it believes Bitcoin is the only cryptocurrency that can be considered an asset instead of a security.
With me today is Jeff Witherell, chairman and chief executive officer; Anthony Saladino, president and chief financial officer; Jim Connolly, executive vice president of asset management; and Anne Hayward, general counsel. We're in the bid process on it right now. It could tighten up a bit as we continue to navigate the bid process.
In fact, at least two of the new spot Bitcoin ETFs have attracted more than $1 billion in new investor money, and assets under management of these new ETFs are growing at a rapid rate. In the decade from 2011-2021, Bitcoin was the best-performing asset in the world. And that's what has me concerned about the new Bitcoin ETFs.
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