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Despite its substantial asset base, the company employs just 79 people. Jonathan Murphy, CEO of Assura, said the deal would enable the company to accelerate its investment in critical healthcare infrastructure, leveraging the financial and operational support of two highly experienced privateequity backers.
A Blackstone-led investor group is acquiring a majority stake in US accounting firm Citrin Cooperman, valuing the company at over $2bn, according to sources cited by the Financial Times on Tuesday. The deal reportedly values the firm at approximately 15 times its EBITDA, up from the 11 times multiple when New Mountain initially acquired it.
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.
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.
The privateequityfirm 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. Can`t stop reading?
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 privatebid from investing firm Arkhouse and hedge fund Brigade earlier this month. billion) in assets have.
A consortium led by Mubadala Capital-backed privateequityfirm 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.
The auction comes amid growing privateequity 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.
Three privateequity 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
Enis strategy to partially monetise its energy transition assets through its so-called satellite strategy continues to gain momentum. The growing interest from privateequityfirms underscores the continued appetite for infrastructure-aligned, energy transition assets with stable cash flow potential.
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.
British privateequityfirm 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. Representatives for Apax, Evelyn Partners, and Bridgepoint have not yet commented on the deal.
Additional privateequityfirms may join, potentially driving up valuations. Bankers suggest privateequity interest could raise acquisition costs, making it tougher for Indian firms. The sale includes operations in India, Pakistan, and Sri Lanka, with non-binding offers expected by mid-March.
Two major privateequityfirms, 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.
Mitsubishi Chemical has agreed to sell its pharmaceutical subsidiary, Mitsubishi Tanabe Pharma, to US privateequityfirm Bain Capital in a deal valued at JPY510bn ($3.36bn) as part of a broader effort to streamline its portfolio.
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
Privateequityfirms TDR Capital and Sycamore Partners are reportedly considering joining forces in a bid to buy global sandwich chain Subway. JPMorgan Chase & Co, the investment bank advising Subway, has given the privateequityfirms interested in buying the company a $5 billion acquisition financing plan.
billion green energy privateequityfirm based in Europe. “The Hawthorne Renewables team is well positioned to achieve our target of 2GW of operational solar assets in the next five to seven years.” Omnes Capital has successfully invested in several renewable energy development platforms across Europe.
private-equityfirm Warburg Pincus and Australian real-estate company Lendlease Group have acquired a US$1.23 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. Billion US pipeline operator ONEOK Inc.
Mexican Coca-Cola bottler Femsa is in talks to sell a US packaging and food services business to privateequityfirms Warburg Pincus and Kelso & Co. Kelso would do the deal through portfolio company BradyIFS, said the people, who asked not to be identified discussing private information.
KKR has preliminarily agreed to grant Italy’s Finance Ministry a stake of up to 20% in Telecom Italia’s fixed-network unit and give it a say in strategic decisions as part of the private-equity group’s bid for the so-called Netco business. billion (US$950m) equity. billion (US$950m) equity.
Privateequityfirm 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. is weighing a bid for UK's Pension Insurance Corporation. is weighing a bid for UK's Pension Insurance Corporation.
billion), a third person familiar with the matter said, with the two bidders now in direct competition following the withdrawal of privateequityfirms such as KKR. Iberdrola, with deep pockets after the sale of assets in Mexico, started preparing an offer for ENWL in November, Reuters reported previously.
The London-based privateequityfirm 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.
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 privateequityfirm Blackstone, according to various media reports. Source: Reuters Can’t stop reading?
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.
Privateequityfirm Bain Capital has made a non-binding, all-cash offer to acquire Australian wealth manager Insignia Financial that values the 178-year-old company at AUD2.67bn ($1.70bn), according to a report by Reuters. Additionally, Platinum Asset Management (PTM.AX) received a AUD616.5m per share, representing a 17.6%
CVC Capital Partners, the third-biggest Europe-based privateequityfirm according to the PEI 300, is on track to raise what would be the largest-ever privateequity fund, defying the market’s choppy waters. Source: PrivateEquity International Can’t stop reading? read more H.I.G.
Goldman Sachs’ asset management arm said two funds have closed, raising more than $15bn for funds that enable investors to make secondary investments in existing privateequity deals. ” Goldman’s asset management arm is also looking at investing in so-called “continuation vehicles,” he said.
Read more Cathay Capital Announces Final Close of $270 Million Growth PrivateEquity Fund Cathay Capital PrivateEquity, a leading international investment firm, announces the final. billion Permian asset sale appeared first on PrivateEquity Insights.
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. Read more Goldman Sachs Raises $15bn to Buy Stakes in PrivateEquity Funds Goldman Sachs' asset management arm said two funds have closed, raising more than $15bn for funds.
‘The special structure of this cross-asset fund makes private markets also available to new investor groups within our professional investor client group.’ Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up AllianzGI manages around €90bn in private market assets.
Privateequityfirms, including PAI Partners and Bain Capital, are evaluating potential bids for Nestls water business, which could be valued at 5bn ($5.38bn) or more, according to a report by Reuters. Clayton Dubilier & Rice (CD&R) and KKR have reportedly also been assessing the opportunity.
Surprisingly, privateequityfirms are at the forefront of this trend, investing heavily in solar, wind, biomass, and other renewables. Brookfield Asset Management Ltd., Brookfield Asset Management Ltd., Last month, privateequityfirm EQT offered offered to acquire Swedish renewable energy company OX2 for $1.5
Privateequityfirms HIG and CapVest have joined the competition to acquire AAH Pharmaceuticals, the UK’s largest pharmacy wholesaler, which has been put up for sale just three years after being acquired by German PE firm Aurelius, according to a report by the Financial Times.
Privateequityfirm MBK Partners has teamed with Young Poong Corp, the largest shareholder of Korea Zinc Co, to launch a joint tender offer to acquire a controlling stake in the world’s leading refined zinc producer, valuing the company at KRW13.7tn won ($10.3bn), according to a report by Bloomberg.
The privateequity 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. Sky News has learnt that CVC Capital Partners is among the privateequityfirms examining offers for the Chessington-based company.
Surprisingly, privateequityfirms are at the forefront of this trend, investing heavily in solar, wind, biomass, and other renewables. Brookfield Asset Management Ltd., Brookfield Asset Management Ltd., Last month, privateequityfirm EQT offered offered to acquire Swedish renewable energy company OX2 for $1.5
The privateequityfirm is interviewing banks as it considers a potential sale or listing of the Develier, Switzerland-based business, the people said. Deliberations are in the early stages, and it could still decide to hold the asset for longer. is weighing a bid for UK's Pension Insurance Corporation.
British specialist lender Shawbrook made an offer for rival Co-op Bank and is weighing a fresh bid for embattled Metro Bank (MTRO.L) , people familiar with the matter told Reuters on Sunday. read more Apollo in Talks to Refinance $660m OYO Loan Indian hospitality unicorn OYO is in talks with privateequityfirm Apollo Global Management to.
According to a letter sent to Fuji Softs board on Monday, the US privateequityfirm is urging Fuji Soft to seek an injunction in order to stop Bain Capitals alleged violation of an NDA. However, it will continue with the (now hostile) bid for Fuji Soft.
A privateequity-backed consortium, led by Bill Chisholm, Co-Founder of STG Partners, has struck a $6.1bn deal to acquire the Boston Celtics, marking the largest PE-led takeover of a sports franchise and setting a new record for NBA team valuations, according to a report by Bloomberg. The investor consortium also includes: Bruce A.
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