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

Private Equity Insights

The buyout giant collected €22 billion for the vehicle’s predecessor, CVC Capital Partners VIII, in 2020 after around six months in the market. read more British Columbia Pension Mulls $2bn PE Asset Sale British Columbia Investment Management Corp. It is unclear when the fund will hold its final close. read more H.I.G.

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KKR secures 35% Fuji Soft stake following initial tender offer stage

Private Equity Wire

Global private equity firm KKR has acquired a 35% stake in Japan-based software developer Fuji Soft after completing the first stage of its two-part buyout tender offer, Fuji Soft announced on Wednesday, according to a report by Reuters. Major investors 3D Investment Partners and Farallon Capital, who together hold a 32.7%

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CC Capital outbids Bain with $1.8bn takeover offer for Australia’s Insignia Financial

Private Equity Wire

Insignia Financial’s shares surged to a three-year high on Monday after the Australian financial services company announced an AUD2.87bn ($1.78bn) takeover bid from US-based private investment firm CC Capital Partners, according to a report by Reuters. CC Capitals non-binding bid represents a 7.5%

Bidding 73
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Arcline tops KKR’s offer for Circor as bidding war intensifies

Private Equity Insights

Private equity firm Arcline Investment Management proposed to buy Circor International (CIR.N) billion including debt on Wednesday, topping a rival bid from KKR & Co (KKR.N) Arcline’s bidding war with KKR had already forced the latter to sweeten its deal with Circor to $1.7 for the industrial machinery maker.

Bidding 130
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Buyout firm Thomas H. Lee Partners agrees $1.6bn deal for Standish Management

Private Equity Insights

THL prevailed in an auction for the company over other private equity firms because its bid was favoured by Standish’s management, which currently holds a roughly 45% stake in the business, one of the sources said. read more The post Buyout firm Thomas H. read more The post Buyout firm Thomas H.

Buyout 130
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MNC Capital ups Vista Outdoor bid to $2.5bn

Private Equity Wire

Investment firm MNC Capital has raised its all-cash buyout offer for Vista Outdoor – a provider of shooting and outdoor sports products, to $43 per share, up from its previous offer of $42 per share, valuing the business at $2.51bn, according to a report by Reuters. bn bid for Vista’s ammunition business, Kinetic Group.

Bidding 98