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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.
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.
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
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
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.
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.
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.
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.
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.
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.
is leading a €950m ($1bn) loan package to back Permira’s buyout of Gossler, Gobert & Wolters, people with knowledge of the matter said. Other lenders supporting the transaction include Goldman Sachs Asset Management and Hayfin Capital Management. is leading a €950m ($1bn) loan package to back Permira’s buyout of Gossler, Gobert.
Private-equity group Sycamore Partners is considering a potential bid to purchase department store chain Macy’s (NYSE:M), according to a report in the New York Post. billion take private bid from investing firm Arkhouse and hedge fund Brigade earlier this month. Trillion in Assets Six of Canada's biggest pension funds managing C$1.3
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.
paves the way for a ¥2 trillion ($13.5bn) buyout that would end the electronics group’s 74-year-long run as a listed entity. and other banks financing the buyout via ¥1.2 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.
THL prevailed in an auction for the company over other private equity firms because its bid was favoured by Standish’s management, which currently holds a roughly 45% stake in the business, one of the sources said. read more The post Buyout firm Thomas H. read more The post Buyout firm Thomas H.
billion) from the sale of a construction subsidiary to its major shareholder, in a buyout deal that would help it cut debt and pay a special dividend. Century will look to “proactively optimise the NWS Group’s business and asset portfolio” and expects NWS to continue disposing non-core assets, the statement showed. ($1
The London-based private equity firm was in the second stage of bidding for WGSN, which has a price tag of 800 million pounds ($1.02 media group Hearst Communications also abandoned plans to pursue a bid, one of the sources and a fourth source familiar with the matter said. billion), they said. read more H.I.G.
The GXO buyout equation The news of a potential sale comes as a surprise as GXO has been growing through acquisitions, and seemed set to continue that strategy after bringing Clipper Logistics, PFSweb, and Wincanton into the fold over the last three years. On Thursday, investors were greeted by news that GXO could sell itself.
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.
Disagreements over valuations have been a barrier for buyout firms attempting to exit their portfolio companies, according to a report by Bloomberg, which cites an Ares Management (Ares) executive speaking at this year’s IPEM in Cannes. He said: “There’s a bid/ask spread, and people just wait for better days.
PARTNER CONTENT The GP-led secondary market continues to evolve and flourish, supported by ongoing demand for liquidity and a narrowing bid-ask spread between prospective buyers and sellers. Single-asset transactions are now the fastest growing segment of secondaries.1 What draws investors to single-asset GP-led secondaries?
Investment banks, which faced significant losses on risky merger and acquisition (M&A) loans due to a spike in global interest rates, are now aggressively returning to the leveraged buyout (LBO) market — one of the most profitable sectors in finance, according to a report by Bloomberg. Goldman Sachs Asset Management, Blackstone Inc.,
There is the publisher that owns the ad space, the supply side platform (SSP) that sends out the bid request for the publisher, the advertiser looking to buy ad space, and then the demand side platform (DSP), which is what The Trade Desk is. billion in current assets, versus $2.1 billion in current liabilities and no long-term debt.
The private equity 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. On Thursday, City sources said that Cinven, another sizeable buyout firm, is also preparing to lodge a bid as part of a formal sale process.
Eurazeo saw its private debt assets under management (AUM) rise by 11 per cent year-on-year to €7.4bn (£6.4bn) in its latest annual results, meaning that the asset class now makes up 21 per cent of the European investment manager’s portfolio. read more Blackstone-led consortium bids Haldiram Snacks at $8.5
Paris-based private equity firm Keensight Capital has increased its buyout proposal for UK-based medical device maker Niox Group to 322.4m ($417.48m), signalling growing private equity interest in the healthcare sector, according to a report by Reuters. Following the announcement, Niox shares surged as much as 25% in London trading.
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.
The crypto mining industry consolidated a bit on Tuesday, and in reaction, investors bid up not only Marathon Digital Holdings (NASDAQ: MARA) -- the company doing the consolidating -- but other notable stocks in the business. Investors were clearly buying that argument, judging by how eagerly they pounced on Marathon stock post-announcement.
Private capital is experiencing a surge in acquiring renewable energy developers, increasingly favoring equity-based take-private deals for leveraged buyouts due to high interest rates and rising electricity demand. Brookfield Asset Management Ltd., Brookfield Asset Management Ltd., The statistics underscore this movement.
Both American Equity Investment Life Holding (NYSE: AEL) and Stratasys (NASDAQ: SSYS) are seeing their shares move sharply higher after getting buyout interest from prospective acquirers, and shareholders seem excited about the prospects. With this bid valuing American Equity at $4.3 With this bid valuing American Equity at $4.3
The company has previously rejected four approaches from KKR, including a 48p per share bid last month. The proposed buyout is the latest in a series of London-listed firms being taken private by investors seeking undervalued assets. Following the announcement, Assuras shares rose 14% in early London trading, reaching 46.5p.
What happened NextGen Healthcare (NASDAQ: NXGN) will soon cease to exist as a publicly traded stock, and the market said farewell by bidding up its price. per share for its asset-to-be in a deal valued at $1.6 Following the buyout, NextGeneration's stock will cease to be traded on the exchange.
“We are incredibly grateful to our limited partners who have shown confidence in our ability to create value through manager and asset selection in these uncertain and volatile markets.” Fund VIII will focus on a diversified pool of co-investments alongside top-tier buyout and growth equity sponsors. As of Sept.
The private equity house tabled a bid for Medica in late April and said this morning that IK IX Fund has now completed the deal. London’s listed assets have been a bright spot for deals in recent months despite a wider slowdown in the M&A market, with buyout shops tabling offers for FTSE companies that they believe are undervalued.
Deliberations are in the early stages, and it could still decide to hold the asset for longer. Now buyout shops are ramping up portfolio disposals to try to satisfy investor demand for payouts, helped by a growing sentiment that central banks are done with their cycle of interest-rate hikes. Rothschild & Co.
The UK company’s shareholders started considering selling the business in 2021 at a time when other Chinese corporates were unwinding acquisitions of non-core assets they acquired in recent years. EQT was among the buyout firms that were in the final round of bidding for Global Switch, Bloomberg News reported in late 2022.
Private capital is experiencing a surge in acquiring renewable energy developers, increasingly favoring equity-based take-private deals for leveraged buyouts due to high interest rates and rising electricity demand. Brookfield Asset Management Ltd., Brookfield Asset Management Ltd., The statistics underscore this movement.
However, it will continue with the (now hostile) bid for Fuji Soft. The private equity giant, managing $1 trillion in assets, is purchasing the stake from New Mountain Capital, Citrin Coopermans previous majority owner. Bain Capital confirmed that it destroyed the confidential information obtained during the due diligence process.
read more TDR Capital and Sycamore Partners Consider Teaming Up for Joint Subway Bid Valued at Around $9bn Private equity firms TDR Capital and Sycamore Partners are reportedly considering joining forces. read more The post CD&R to Take Packaging Firm Veritiv Private in $2.3bn Deal appeared first on Private Equity Insights.
The shareholders, which include the company’s founders and buyout firm Permira, have been working with bankers at Goldman Sachs (GS.N) Alter Domus offers back office services to private capital funds, such as fund accounting and reporting, and oversees around $2 trillion in client assets. and Raymond James (RJF.N)
A standing ovation for Endeavor Silver Lake is planning to make a bid for Endeavor, the massive talent agency run by Ari Emanuel, who was made famous in the HBO series Entourage. billion, yet TKO, the business that Endeavor owns 51% of is valued at nearly $14 billion, making the remainder of Endeavor's assets business look discounted.
The two deals, announced simultaneously, mark the latest step in the splitting of assets held jointly between billionaire brothers Mohsin and Zuber Issa, who over the past two decades have built a multinational retail and petrol forecourt business from scratch via a series of debt-fueled acquisitions. billion Sterling bond tranche in 2021.
Advent International has signed a deal to buy payments firm myPOS as part of the London-based buyout group’s latest push into digital payments, director Fabio Cali told Reuters. Advent, which manages $92bn in assets, is behind some of Europe’s largest payments buyouts, including Vantiv, Worldpay, XPLOR, Planet and Nexi (NEXII.MI).
Private equity firm Partners Group Holding AG has shown initial interest in Hamilton Island as the family owners of the holiday destination in Australia conduct a strategic review for the asset, according to people familiar with the matter. Founded in 1996, Partners Group manages about $142bn in assets globally, its website shows.
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