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Update: Bain’s €2bn Apleona buyout secures backing from Citi and UBS

Private Equity Insights

Credit investors, eager to deploy capital amid a strong demand for leveraged loans, are expected to show substantial interest. Capitals acquisition of Kantar Media. Bains acquisition of Apleona from PAI Partners was first announced on February 14, following a pause in sale efforts last year when bids fell short of PAIs expectations.

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Bain matches CC Capital’s $1.92bn Insignia Capital bid

Private Equity Wire

Shares of Insignia Financial surged to a three-year high on Thursday after US-based private investment giant Bain Capital matched a revised takeover offer of AUD3.07bn ($1.92bn) from rival buyout firm CC Capital Partners, according to a report by Reuters.

Bidding 92
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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. However, the sources noted that I Squared Capital is reluctant to go beyond HKD6 per share.

Bidding 96
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Bain Capital, Carlyle Group and Cerberus Capital Management Set to Make Bids for Adani Capital

Private Equity Insights

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 three groups include Bain Capital, Carlyle Group and Cerberus Capital Management. The group is expecting 2-2.5 times the book value, amounting to a $20bn valuation.

Bidding 236
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KKR ups Fuji Soft bid to JPY9,850 topping rival Bain’s offer

Private Equity Wire

US private equity giant KKR has increased its offer price for Japanese IT company Fuji Soft to JPY9,850 per share, surpassing a competing bid from rival buyout firm Bain Capital in an intensifying takeover battle, according to a report by Reuters. KKR first offered JPY8,800 per share for Fuji Soft in August 2023.

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CVC secures €25bn for industry’s biggest-ever buyout fund

Private Equity Insights

CVC Capital Partners, the third-biggest Europe-based private equity firm according to the PEI 300, is on track to raise what would be the largest-ever private equity fund, defying the market’s choppy waters. Capital Acquires CLC Group Limited H.I.G. billion, according to PEI data. read more H.I.G. read more H.I.G.

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Takeover Thursday: Private equity’s top takeovers this month

Private Equity Insights

Investor discussions intensified after multiple bid vehicles, including Pug Bidco Limited, were registered on February 24. The deal, valued at approximately $4.1bn, marks the end of an intense takeover battle with Bain Capital, which ultimately withdrew its bid earlier this week.