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Update: UK Takeover Panel extends deadline for KKR-Stonepeak’s Assura bid to 11 April​

Private Equity Insights

NEWS & INSIGHTS CONFERENCES Benelux Dach France Germany Iberia Italy Nordics Poland & CEE Switzerland United Kingdom NEWS & INSIGHTS CONFERENCES Benelux Dach France Germany Iberia Italy Nordics Poland & CEE Switzerland United Kingdom NEWS & INSIGHTS CONFERENCES Benelux Dach France Germany Iberia Italy Nordics Poland & (..)

Bidding 147
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CVC considers takeover bid for The Telegraph following government block on Abu Dhabi deal

Private Equity Insights

CVC Capital Partners is reportedly preparing a bid to acquire The Telegraph Media Group, marking a potential milestone as the first private equity takeover of a UK news outlet. Sources indicate that CVC, known for its investments in sports brands such as the Six Nations and La Liga, is exploring the possibility of submitting a formal bid.

Bidding 130
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Insignia rejects $1.69bn Bain bid

Private Equity Wire

Australia’s Insignia Financial has turned down Bain Capital’s AUD$2.67bn ($1.69bn) takeover offer, stating that the bid fails to reflect fair value for its shareholders, and blocking Bain’s Asia expansion, according to a report by Reuters. and still below Bain’s bid after falling 2.8% earlier in the session.

Bidding 96
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Fuji Soft backs Bain in PE bidding war

Private Equity Wire

In a bidding war with rival private equity giant KKR, Bain raised its offer to JPY9,600 per share last week, a 1.6% premium over KKR’s JPY9,451 bid, and became hostile after Fuji Soft’s board rejected the offer in favour of KKR’s. Bain’s bid aims to acquire 50.1% Nozawa, who owns 18.6%

Bidding 96
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Brookfield joins $1.9bn Insignia bidding war

Private Equity Wire

The report cites Insignia as confirming Brookfield’s bid, which matches offers already made by Bain Capital and CC Capital. Brookfield, headquartered in New York and listed in Toronto, has also provided Insignia shareholders with the option to take equity in its unlisted bid vehicle, adding a layer of flexibility to its proposal.

Bidding 90
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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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PEP makes $780m takeover bid for SG Fleet

Private Equity Wire

PEP’s indicative bid represents a 31% premium to SG Fleet’s last closing share price. Australian vehicle leasing and management company SG Fleet has entered exclusive negotiations with Pacific Equity Partners (PEP) following a takeover proposal from the private equity firm that values the company at around AUD1.2bn (US780.1m).

Bidding 97