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KKR and Stonepeak secure £1.61bn Assura buyout after bidding war

Private Equity Insights

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 private equity backers.

Buyout 147
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Sycamore-backed Walgreens posts improved Q2 as $10bn buyout advances

Private Equity Insights

The company posted a reduced net loss of $2.85bn, down from $5.91bn in the same quarter last year. The company has responded by aggressively cutting costs, closing underperforming stores, and suspending its long-standing quarterly dividend earlier this year. The companys shares edged higher to $10.90

Buyout 147
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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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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.

Bidding 84
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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. Read more here. Read more here.

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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. per share bid, which the Insignia board rejected in December as insufficient.

Bidding 92
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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 funds are reportedly looking at a 100 per cent buyout Adani Capital has $40bn of assets under management and $8bn in book value. The company is working with Avendus for the sale process.

Bidding 236