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I Squared considers $1bn HKBN bid

Private Equity Wire

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.

Bidding 96
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CVC secures €25bn for industry’s biggest-ever buyout fund

Private Equity Insights

The buyout giant collected €22 billion for the vehicle’s predecessor, CVC Capital Partners VIII, in 2020 after around six months in the market. read more British Columbia Pension Mulls $2bn PE Asset Sale British Columbia Investment Management Corp. It is unclear when the fund will hold its final close. read more H.I.G.

Buyout 246
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Update: Cinven seals €3.5bn exit from Viridium in landmark Allianz-led deal

Private Equity Insights

The deal marks a significant exit for the British buyout firm following heightened regulatory scrutiny of private equity ownership in the insurance sector. 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

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Bain Capital, Carlyle Group and Cerberus Capital Management Set to Make Bids for Adani Capital

Private Equity Insights

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

Bidding 236
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KKR and Bain advance in Seven & i sale

Private Equity Wire

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.

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Moonfare, a digital private equity investment platform, expands into Australia to offer private equity access to local investors

Private Equity Insights

Moonfares portfolio investments provide diversified exposure across buyout, growth equity, venture, and infrastructure. 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.

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Apax acquires Evelyn Partners’ accounting arm for £700m

Private Equity Wire

British private equity firm Apax has beaten off competition from rival buyout firm Bridgepoint to acquire the accounting arm of Evelyn Partners, in a deal valued at around £700m, according to a report by CityWire. While Bridgepoint also pursued the acquisition, it ultimately made a lower bid than Apax, according to the reports.