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Despite its substantial asset base, the company employs just 79 people. The firm recently emerged as the preferred bidder for an equity stake in Thames Water, Englands largest water utility, as it seeks to stabilise its finances through new investment. KKR and Stonepeak tabled a final offer of 49.4p
A 13F is a required filing for institutional investors with at least $100 million in assets under management (AUM) that provides a concise snapshot of the stocks Wall Street's most prominent money managers are buying and selling. For example, investors may have been so swamped by other news events that they completely missed the Nov.
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. agreed to buy a Permian Basin rival and a controlling stake in. Billion Loan for AirTrunk Bid Private equity firm Blackstone Inc.
The transaction, which is yet to be finalised, forms part of a wider asset divestment strategy by Endeavor Group Holdings. CVC had previously been preparing a $1bn bid for the same portfolio. Other firms, including EQT, Providence Equity Partners, and sovereign wealth interests from Saudi Arabia, were also reportedly eyeing the assets.
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.
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
A previous attempt to sell the company to EQT in 2023 collapsed, despite final bids reportedly valuing the firm at around $8bn including debt. Founded in 2004, SC Capital manages approximately $6bn in assets across opportunistic real estate, core-plus, and infrastructure strategies. Can`t stop reading?
Minority investors including Coatue Management are also set to sell their stakes in the deal. The firm manages $185bn in assets and owns Zelis, a leading healthcare payments business. Earlier this year, Bain also made a take-private bid for Surgery Partners. Last year, the company generated $400m in revenue and $86m in EBITDA.
T&D Holdings will become the largest shareholder, while Allianz will acquire a 25% stake. 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
sold a 20% equity stake in the failed Signature Bank’s commercial real estate loan pool to a joint venture led by Blackstone. The federal agency said it is keeping an 80% stake in the joint venture it created after putting the lender in receivership. sold a 20% equity stake in the failed Signature Bank's.
This mechanism lets them buy and sell stakes in Moonfares funds, enhancing liquidity. 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.
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 private equity deals. ” Goldman’s asset management arm is also looking at investing in so-called “continuation vehicles,” he said. .”
Walter Global Asset Management (WGAM), the private equity unit of Canadian investment group Walter Financial, is acquiring a minority stake in Madryn Asset Management, a US manager that focuses on investments in healthcare innovation.
The company highlighted that buying Hess would add the Stabroek block in Guyana, which the company called "an extraordinary asset with industry-leading cash margins and low carbon intensity that is expected to deliver production growth into the next decade." At issue is the value of Guyana in relation to Hess' other assets.
Apollo’s offer comes as as an independent committee of the company’s board of directors is reviewing a bid from Skydance Media for all of Paramount Global, which also owns CBS, Comedy Central, Nickelodeon and the Paramount+ streaming service, through the acquisition of holding company National Amusements.
The firm, which is majority-owned by private equity group Permira, is one of the UK’s largest wealth managers, overseeing £63bn in assets under management. While Bridgepoint also pursued the acquisition, it ultimately made a lower bid than Apax, according to the reports.
The company’s net asset value per share grew from £18.86 over the final three months of the year, with this coming entirely from the value of its stake in Action, growing £910m over the three months. Per Share, Fueled by £910M Growth in Action Stake appeared first on Private Equity Insights. per cent this morning.
Akzo Nobel NV, the Dutch parent, announced in October that it plans to divest non-core assets, starting with its South Asia decorative paints unit. The company aims to finalise the sale by late 2025 while keeping a 10% stake, valued at 1.3bn ($1.4bn), according to JP Morgan analysts.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Essity has put its stake in Vinda under strategic review, the Swedish personal care product maker said in April. Its stake in Vinda is valued at about HK$9.8bil (US$1.3bil), based on the current stock price.
Eni is drawing renewed interest from private equity and infrastructure investors as it moves ahead with a second stake sale in Plenitude, its renewable energy and retail arm, which could now command a valuation north of 11bn ($12bn) including debt, according to a report by Reuters.
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. 1, the person said. The Wall Street Journal reported the offer earlier Sunday afternoon.
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
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. Source: Morning Star Can’t stop reading? billion (US$950m) equity.
Monterrey, Mexico-based Femsa announced a strategic review in February for some non-core units, including its stake in Dutch brewer Heineken NV as well as Envoy Solutions, according to a statement. It acquired Switzerland’s Valora, which operates about 2,700 cafes and convenience stores, for as much as $1.2bn last year to expand in Europe.
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.
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.
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. “This represents one of the largest transactions of a private portfolio of industrial assets in Singapore,” Warburg Pincus and Lendlease said.
Investcorp, the Middle East’s biggest alternative asset manager, acquired a 50% stake in New York-based private equity firm Corsair Capital’s $4.8bn infrastructure business. The firm invests in a variety of assets, including airports, roads, ports, rail, and logistics real estate. Source: BNN Bloomberg Can’t stop reading?
Brookfield Infrastructure Partners and Antin Infrastructure Partners are among several bidders vying for a stake in German metering firm Techem, four people familiar with the matter told Reuters. Sale documentation will be circulated next month with the aim of collecting bids by the end of the year, one of the people said.
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 Private Equity Funds Goldman Sachs' asset management arm said two funds have closed, raising more than $15bn for funds.
is exploring a sale of its stake in Singapore Life Holdings Pte in a deal that could value the insurer known as Singlife at about S$4 bn ($3bn), according to people with knowledge of the matter. this month increased its stake in Singlife to 27% from 23.2% stake in Singlife held by UK-based Aviva Plc for S$900m.
I Squared Capital is considering selling a minority stake in Think Gas Distribution Pvt. The private equity firm is working with an adviser to sell as much as a 30% stake in Think Gas, said the people, who asked not to be identified as the information is private.
TRP, in which Greenbelt Capital Partners owns a controlling stake, holds around 15,000 net acres in the Midland portion of the Permian and produces about 25,000 barrels of oil equivalent per day, said the sources. billion Permian asset sale appeared first on Private Equity Insights. shale country, people familiar with the matter said.
MW Dutch offshore windfarm Borssele III / IV by agreeing to sell its final 10% stake to Octopus Energy Generation, one of Europe’s largest renewables investors. 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.
The owners of fund administrator Alter Domus are pursuing the sale of a stake in the Luxembourg-based group that could value it at more than $4.4bn, three people familiar with the matter told Reuters. However, the structure of the deal has not been decided and could result in the sale of either a minority or majority stake, the people added.
First, it changed the calculations of transaction fees -- also known as " gas fees " -- from a manual bidding system instead of an automated one. In September 2022, the Ethereum Network switched from the energy-intensive proof of work (PoW) mining method (used by Bitcoin) to the more energy-efficient proof of stake (PoS) method.
billion of HP stock so far this quarter, continuing to sell off Berkshire's stake in the company. That brings Berkshire's total stake in Occidental to 27.2%, and it still holds an additional $8.5 On top of that, Buffett sold about $1.3 He purchased 10.5 million shares of the oil company last week for about $589 million.
Even as Securities and Exchange Commission Chairman Gary Gensler continues to argue that Bitcoin is a "highly speculative, volatile underlying asset," Riot Platforms presses on as a relentless Bitcoin producer. Still, a right-sized stake in this ambitious Bitcoin miner could produce riotous results for crypto-amenable portfolios.
Landmark Management has sold a 40% stake to Rosemont to help the firm’s founder execute an internal succession plan. Private equity firm Rosemont Investment Group has acquired a 40% stake in Landmark Management, a New York-based multi-family office that oversees about $4.5bn in non-discretionary client assets. read more H.I.G.
Private equity firm 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. of the company late on Thursday.
Now, with profits from its linear TV ecosystem drying up, and the company in a hurry to turn a profit from streaming, Disney seems to be preparing to sell ABC and other legacy-media assets, including several local TV affiliates. Disney has stressed that the talks are preliminary and that it may not sell ABC or any of the related assets.
And it would be smart to own those names before shares are bid higher as rate cuts become a reality. Realty Income will hold an 80% equity stake in the latter agreement. That's because it relies on borrowing as it invests in assets, including cell towers, energy, transportation, and utilities.
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