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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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Fortress and BlackRock eye joint bid for €3bn German insurer Viridium

Private Equity Wire

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.

Bidding 96
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Apollo Set to Make $6.26bn Bid for UK’s Pension Insurance Corporation

Private Equity Insights

Private equity firm Apollo Global (APO.N) is weighing a bid for UK’s Pension Insurance Corporation (PIC) in a deal that could value the company at about $6.26bn, Sky News reported on Wednesday. Read more Apollo Set to Make $6.26bn Bid for UK’s Pension Insurance Corporation Private equity firm Apollo Global (APO.N)

Bidding 130
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CC Capital outbids Bain with $1.8bn takeover offer for Australia’s Insignia Financial

Private Equity Wire

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%

Bidding 73
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Blackstone Set to Acquire $17bn Commercial-Property Loan Portfolio in Signature Bank Deal

Private Equity Insights

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.

Banks 246
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Arkhouse and Brigade Unveil $5.8bn Bid to Take Macy’s Private

Private Equity Insights

Arkhouse Management, a real-estate focused investing firm, and Brigade Capital Management, a global asset manager, submitted a proposal to acquire the Macy’s stock they don’t already own for $21 a share on Dec. private, according to a person familiar with the matter on Sunday. 1, the person said.

Bidding 130
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Blackstone and Reliance in $10bn Bidding War for Disney India

Private Equity Insights

Disney has been exploring options to sell or find a partner for its India assets, Reuters reported in July, and has held talks with billionaires Gautam Adani and Sun TV Network-owner Kalanithi Maran as well as private equity firm Blackstone, according to various media reports. company’s Indian business, Bloomberg reported.

Bidding 130