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Deutsche Bank Securities Inc. Read more Blackstone leads $2bn deal for PE-owned accounting firm A Blackstone-led investor group is acquiring a majority stake in US accounting firm Citrin. Billion Loan for AirTrunk Bid Privateequityfirm Blackstone Inc. ” Terms of the transaction were not disclosed.
Digital bank Monzo, backed by Coatue and Capital G, has also hinted at potential London IPOs. Privateequityfirm TSG Consumer Partners bought a 22% stake in BrewDog in 2017 for around 213m. It has filed confidentially with the Financial Conduct Authority for a London IPO. However, it is also considering New York.
Following a challenging year marked by rising interest rates and slower growth, successful privateequityfirms are adapting to the changing environment, according to Dechert’s 6th annual Global PrivateEquity Outlook report.
According to sources familiar with the matter, investment banks Jefferies and William Blair have been engaged to manage the sale process, expected to commence in the latter half of the year.
Dallas-based privateequityfirm Merit Energy Co has set aside $1bn, including $485m in a just-closed fund, in dry powder through a strategy that targets mature oil-and-gas fields, the Wall Street Journal reports in an exclusive article. Indeed, the company currently has no assets in some of the most popular U.S.
The privateequityfirms aim to refinance or reprice Adevintas existing 4.5bn debt and may raise an additional 2bn, potentially for a shareholder dividend, according to sources familiar with the matter. Several financing scenarios are under consideration.
Privateequityfirm Glow Capital Partners is set to acquire a 51 per cent stake in an Australian hospitality uniform brand Cargo Crew. Glow Capital was established by Adore Beauty’s co-founder Kate Morris and former Quadrant PrivateEquity managing partner Justin Ryan in 2021.
Zeus is officially under new ownership after privateequityfirm EQT closed on its acquisition of the medical tubing supplier. Read more LDC invests in travel software developer 15below LDC, a privateequity investor which is part of Lloyds Banking Group, has invested in 15below, a.
A consortium of Wall Street banks has already pitched for advisory roles on the IPO, while sources indicate UK regulatory reforms could still influence the final listing decision. H&F acquired a majority stake in Verisure from Bain Capital in 2015. Four years later, the company delivered a $2bn dividend payout to its owners.
British banknote printer De La Rue is in discussions with privateequityfirm Disruptive Capital GP and pension fund manager Pension SuperFund Capital, collectively known as PSFC Entities to sell up to 40% of its equity, according to a report by Reuters. The potential offer price of 1.25
Nikhil Rathi, chief executive of the Financial Conduct Authority, has urged privateequityfirms to provide more information or face stricter regulatory measures, according to a report by City AM.
They have gained further momentum over the past 12 months from the end of the bull market for US stocks, which has left some investors having to sell their holdings in private market assets, such as privateequity funds, to help rebalance their portfolios.
Not only does Dimon find the requirements to be nonsensical, but he also doesn't think they are in the best interest of the banking system or consumers. And if you ask Dimon, the new requirements are expected to be a big win for hedge funds and privateequity. Image source: Getty Images.
Northern Trust will deliver fund administration, depositary, banking, custody, and credit services from its Guernsey office, continuing a relationship that dates back to 1997. The fund, which exceeded its target, raised 1bn ($1.03bn) in total commitments.
The investment includes significant contributions from British International Investment (BII) and Dutch development bank FMO, with $70m and $50m allocated, respectively. read more The post SUSI Partners doubles Southeast Asia energy fund to $259m with key investor backing appeared first on PrivateEquity Insights.
The firm is looking to extend its role beyond investing client capital to managing funds for privateequity and alternative asset managers, according to Chief Financial Officer Martin Small. Source: Bloomberg If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com.
EQT AB is leading the bidding as privateequityfirms compete for a stake in the media rights business of the Bundesliga, Germany’s main football competition, people with knowledge of the matter said. Deliberations are ongoing, and the privateequityfirms could revise their bids following further negotiations.
Privateequityfirm Advent International has bought a majority stake in Australian fashion brand Zimmermann from the founding family and Italian fund Style Capital, it said. read more The post Advent Buys Australian Fashion Brand Zimmermann in $1bn Deal appeared first on PrivateEquity Insights.
The report cites unnamed sources familiar with the matter as revealing that the privateequityfirms have started consulting with investment banks in preparation for a potential sale process, expected to begin in early 2025.
Privateequityfirm Bain Capital on Tuesday agreed to buy Fogo de Chão, in a deal people familiar with the matter said valued the Brazilian steakhouse chain at about $1.1bn, including debt. The deal marks a win for privateequityfirm Rhone Capital, which took Fogo de Chão private for $560m in 2018.
The firm raised the fund without a placement agent and engaged Kirkland & Ellis as legal counsel. With this latest fund, Blue Sage strengthens its position as a leading privateequityfirm in the lower middle market, continuing its disciplined approach to high-growth investments.
Privateequity giant KKR said on Tuesday it had acquired a $373m portfolio of prime auto loans from Synovus Bank. Shares of Synovus Financial, the parent company of the bank, rose 2.8% KKR, which made the investment through its private credit funds and accounts, said the deal aligns with its asset-based finance strategy.
The Big Ten Conference is exploring privateequity investment opportunities, signaling a shift in its approach to college sports financing. Investment bank Evercore, retained by the conference, has received initial offers from privateequityfirms, though details remain undisclosed.
Privateequityfirm Bain Capital has sold a stake worth $448m in Indian private lender Axis Bank in a block trade on Wednesday, according to a term sheet seen by Reuters. stake in Axis Bank, at $13.44 The selling price was at a 1% discount to the bank’s closing price on Tuesday.
Medline Industries, a leading medical supplies provider owned by privateequityfirms Blackstone, Carlyle, and Hellman & Friedman, is preparing for a US initial public offering (IPO) in 2025, with the aim of raising more than $5bn, according to a report by Reuters. However, plans remain contingent on market conditions.
Cinven has picked Bank of America Corp. The privateequityfirm is in the early stages of exploring a sale of the Hungary-based pet food manufacturer, which could be valued at more than €2bn ($2.2bn), according to one of the people. Representatives for Cinven, Bank of America and Goldman Sachs declined to comment.
A consortium led by privateequityfirms Starwood Capital Group and Warburg Pincus has made a HKD55.19bn ($7.09bn) bid to take Hong Kong-based real estate investment firm ESR Group private, according to a report by Reuters citing a company announcement on Wednesday. The offer represents a 55.7%
CDP Equity (CDPE), a subsidiary of the Cassa Depositi e Prestiti Group (CDP), and Trilantic Europe, a prominent pan-European privateequityfirm, have jointly acquired a majority stake in Diagram Group, an Italian agritech innovator.
Shawbrook Group, a UK-based small business lender backed by privateequityfirms including BC Partners and Pollen Street Capital, is planning a £3.5bn merger with Co-operative Bank in what would be one of the most significant UK banking deals since the 2008 financial crisis, according to a report by The Telegraph.
Blackstone has partnered with Finland’s S-Bank to broaden access to its European private credit fund, with the latter creating a feeder fund that will invest its clients’ capital into the Blackstone European Private Credit Fund SICAV, according to a report by Alternative Credit Investor. million) in the anchor close.
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. Shawbrook, Pollen Street and Co-op Bank declined to comment. BC Partners and Metro Bank could not immediately be reached for comment.
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.
Shares of YES Bank Ltd will be in focus on Friday morning after bulk deals data showed a Carlyle Group entity sold equity stake worth Rs 1,056.90 crore in the privatebank through open market transaction. The entity CA Basque Investments sold 3,90,000,000 YES Bank shares, or 1.35 per cent stake in the bank.
Symphony Technology Group (STG), another privateequityfirm, has also been vying for Alteryx and could still try to clinch a deal, one of the sources added. Read more LDC Exits Cakesmiths with 3x Return LDC, the privateequity investor which is part of Lloyds Banking Group, has agreed to exit its.
Privateequityfirm CVC Capital Partners has finalized a deal to acquire Sogo Medical Group, Japan’s fifth-largest pharmacy chain, from Polaris Capital Group for approximately $1.2bn. Read more LDC Exits Cakesmiths with 3x Return LDC, the privateequity investor which is part of Lloyds Banking Group, has agreed to exit its.
State Bank of India (SBI), the country’s largest lender, aims to strike a deal by end-March for the sale of its 24% stake worth 184.2 billion) currently in smaller rival Yes Bank (YESB.NS) four sources with direct knowledge said. T) Japan’s second-biggest bank. billion rupees ($2.2
Keyhaven Capital Partners (Keyhaven), a specialist privateequityfirm dedicated to the European lower mid-market through co-underwriting transactions with local sponsors, has strengthened its Investor Relations team with two new hires. He has a particular focus on US, UK and Benelux-based LPs.
Wall Street banks including JPMorgan Chase & Co. and Bank of America Corp. and Deutsche Bank AG are also among the lenders considering a role in funding what would be the largest leveraged buyout of the year so far, according to the people, who asked not to be identified discussing the transaction. KKR & Co.
It appears that a take-private deal with privateequityfirm Sycamore Partners is getting closer to fruition, with Bloomberg reporting "finishing touches" are being put on the terms of the deal. Then today, Bloomberg reported that Sycamore is putting the "final touches" on a deal to take Walgreens private between $11.30
read more Crescendo Equity Partners Leads $140m Investment in LINE NEXT to Accelerate Web3 Adoption LINE NEXT Corporation., read more The post Strategic Value Partners Provides €414m Refinancing for Celsa Poland appeared first on PrivateEquity Insights.
Banks are at risk of losing out on significant underwriting fees from two of Europe’s largest buyout deals, as private-equityfirms are adjusting debt terms mid-process, affecting their ability to generate revenue, according to a report by Bloomberg.
read more Crescendo Equity Partners Leads $140m Investment in LINE NEXT to Accelerate Web3 Adoption LINE NEXT Corporation., read more The post Pictet Hits Target, Closes Healthcare PrivateEquity Fund at $320m appeared first on PrivateEquity Insights.
Carlyle Group has secured private credit financing to acquire a majority stake in Australian waste management company Waste Services Group (WSG), according to a report by Bloomberg, citing sources familiar with the matter. The funds will support Carlyles purchase of the stake from Livingbridge, the anonymous source said.
The expected stabilisation in CRE is seen as a positive development for financial firms, including asset managers and banks, that have significant exposure to the distressed industry. Blackstones fourth-quarter inflows totalled $57.5bn, bringing full-year inflows to $171.5bn.
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