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US investmentfirm 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.
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.
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)
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 investmentfirm CC Capital Partners, according to a report by Reuters. CC Capitals non-binding bid represents a 7.5%
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.
Arkhouse Management, a real-estate focused investingfirm, 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.
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.
India’s Torrent Pharmaceutical is in preliminary talks with Apollo Global Management to secure a loan of up to $1bn to help fund a planned bid for Cipla, two people briefed on the discussions said. Torrent is hoping to secure roughly $3bn to $4bn in financing for the bid for its much bigger rival, they said.
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. read more H.I.G.
Read more Cathay Capital Announces Final Close of $270 Million Growth Private Equity Fund Cathay Capital Private Equity, a leading international investmentfirm, announces the final. billion Permian asset sale appeared first on Private Equity Insights. billion Permian asset sale appeared first on Private Equity Insights.
Read more Ascential unit attracts at least two bids as other buyers drop out, with a price tag of $1.02bn Ascential's consumer research unit continues to draw interest from a couple of parties including. read more British Columbia Pension Mulls $2bn PE Asset Sale British Columbia Investment Management Corp. read more H.I.G.
Seth Klarman is CEO and portfolio manager of Baupost Group, an investmentfirm that manages billions in assets for families, foundations, endowments, and other institutions. Its lack of profitability hasn't kept investors bidding up the stock to a high valuation of 25 times trailing revenue. million of revenue.
Warburg Pincus is among those considering a bid for the assets, while Apollo Global Management Inc. A potential bid by the RRJ group could value the Vodafone unit at about €5bn ($5.3bn), according to the people, who asked not to be identified as the information is private. Source: BNN Bloomberg Can’t stop reading?
About Garnett Station Partners Garnett Station Partners is a principal investmentfirm founded in 2013 by Matt Perelman and Alex Sloane that manages over $2 billion of assets. Fiesta Restaurant Group, Inc. For more information, please visit www.authenticrb.com. For more information, please visit www.garnettstation.com.
Deliberations are in the early stages, and it could still decide to hold the asset for longer. Read more Apollo Set to Make $6.26bn Bid for UK’s Pension Insurance Corporation Private equity firm Apollo Global (APO.N) is weighing a bid for UK's Pension Insurance Corporation. Rothschild & Co.
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. Other investmentfirms have also been studying Nexi, the people said. Payments firms have proved to be popular targets.
to help market its assets, which could fetch about $1 billion, said the people, who asked to not be identified because the matter is private. read more British Columbia Pension Mulls $2bn PE Asset Sale British Columbia Investment Management Corp. The midstream company is working with Greenhill & Co. read more H.I.G.
abrdn to acquire £600m closed-end fund assets from First Trust Advisors. abrdn’s US arm is set to acquire £600m in assets from four closed-end funds managed by First Trust Advisors, subject to regulatory approval. To be merged into existing funds. Under the deal, the four closed-end funds will be merged into existing abrdn funds.
The asset manager has also announced a successor vintage for this strategy. AllianzGI manages assets of around €90bn in the private markets sector. Read more Blackstone and Reliance in $10bn Bidding War for Disney India Disney is nearing a deal to sell its India operations, which it values at around $10bn, to.
firm looks for investment opportunities in manufacturing park assets in China. The Shanghai-based company, which was created after the merger in 2021 of Warburg Pincus-backed D&J China and New Ease China, has raised funds from strategic investors such as Sequoia Capital and Swiss private equity firm Partners Group.
Read more Ascential unit attracts at least two bids as other buyers drop out, with a price tag of $1.02bn Ascential's consumer research unit continues to draw interest from a couple of parties including. read more British Columbia Pension Mulls $2bn PE Asset Sale British Columbia Investment Management Corp. read more H.I.G.
Capital, LLC (“H.I.G.”), a leading global alternative investmentfirm with $56 billion of equity capital under management, is pleased to announce that one of its affiliates has acquired CLC Group Limited, a leading UK provider of property and asset refurbishment, from its owner, the Armitage Family Trust. About H.I.G.
Investmentfirm Starwood Capital is aiming to raise a sizeable war chest to invest in data centers. The global fund will reportedly allocate 20-30 percent towards data centers, suggesting Starwood aims to invest between $2-3bn in the sector. The company has around $115bn in assets under management.
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US private equity company Apollo Global Management , investmentfirm Sixth Street , and the AI fintech Pagaya Technologies are all actively engaged in the bidding process, according to a report from Bloomberg. The London arm of.
Textainer Group Holdings Limited, a prominent player in the intermodal container leasing sector, has concluded its “go-shop” period, a phase where alternative acquisition offers could be considered, following a proposal from investmentfirm Stonepeak. Source: Investing.com Can’t stop reading?
OrbiMed, a global healthcare investmentfirm, is pleased to announce it has raised more than $4.3bn in commitments for its latest private investment funds, including OrbiMed Private Investments IX, OrbiMed Asia Partners V and OrbiMed Royalty & Credit Opportunities IV.
Partners Group sold a 20% stake to Swiss Life Asset Managers in November 2022 and 15% to funds managed by Nuveen Infrastructure in July 2023. We are pleased to hand Borssele over to the new shareholder group following a transaction that highlights continued strong demand for high quality infrastructure assets.”
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. Representatives for Partners Group and Oatley family’s investment office declined to comment.
The firm’s directors have recommended that shareholders vote through the deal at a general meeting. Pollen Street has launched the takeover bid using a company called Tiger Bidco. Total client assets dropped slightly from £15.3bn to £15.2bn – a reduction brought about by £155m of downward market movements.
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. Led by CEO Robert Raynard, Standish provides administrative services such as accounting and reporting to investment funds.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up To improve portfolios, both New World Development and NWS Holdings have been disposing billions of dollars non-core assets. read more British Columbia Pension Mulls $2bn PE Asset Sale British Columbia Investment Management Corp.
Riverwood has invested in 75 companies, mainly in the Americas, including GoPro, ride-hail firm 99, software firm Globant SA, VTEX, Nextdoor and iFLY. Assets under management totaled around $6 billion as of the end of the third quarter, though it has closed some deals since. “We
It had total assets of S$14.4bn and gross premiums of S$3.5bn at the end of 2022, according to a September press release. Read more Cottonwood Group Closes $240m Loan for Boston Luxury Tower Cottonwood Group ("Cottonwood"), a private equity real estate investmentfirm, is pleased to. The funding winter may.
Emerson Electric Co (EMR.N) , Keysight Technologies Inc (KEYS.N) and Fortive Corp (FTV.N) have also expressed interest in buying EA Elektro-Automatik, which is owned by mid-market investmentfirm Bregal Investments, the sources said, requesting anonymity as the discussions are confidential.
Cathay Capital Private Equity, a leading international investmentfirm, announces the final closing of $270 million for its latest growth private equity fund, Small Cap IV, to invest in healthcare, consumer, and technology companies across Europe, North America and Asia. billion in assets.
A consortium led by US private investmentfirm KKR and Singapore Telecommunications is leading the race to acquire a $1bn minority stake in Asian data centre provider ST Telemedia Global Data Centres, according to a report by Reuters.
Hedonova, a prominent alternative investmentfirm, is delighted to announce the successful closure of its nickel co-investment, which has generated an outstanding profit of 11.21% in the Indonesian Nickel market in two months. million from its investment fund, while clients contributed $33 million. .
a private equity titan, is poised to acquire Alter Domus, a leading fund administration firm, for €4.5 This strategic move signals the escalating consolidation trend within the private equity landscape and the increasing allure of private capital as an asset class. Source: BNN Can’t stop reading?
Cottonwood Group (“ Cottonwood “), a private equity real estate investmentfirm, is pleased to announce it has lent $240m in senior mortgage financing to the St. read more Zephyr Peacock Raises $200m to Invest in India’s Private Markets Zephyr Peacock India looks to raise $200m in the midst of funding winter.
Alter Domus offers back office services to private capital funds, such as fund accounting and reporting, and oversees around $2 trillion in client assets. They have now revived the sale process, inviting private equity funds to bid for the business, the people said. is evaluating options including a potential sale of UK.
The tender bid’s document shows showed a vehicle owned by Cinven offered 350 euros to repurchase 1,000 euros worth of bonds, with a 65% discount to the nominal value. The offer aims to “to offer liquidity to holders and to assist in ensuring an orderly resolution of the issuer’s liabilities,” the document said.
Leading investors in the recap included a Stonepeak managed vehicle anchored by Mercer and Aware Super, and direct investments from the Investment Management Corporation of Ontario (“IMCO”) and APG Asset Management (“APG”). billion of assets under management. billion of assets on behalf of our clients.
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