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Deutsche Bank lines up $200m financing for Blackstone’s renewed bid for Trans Maldivian Airways

Private Equity Insights

The bid for TMA is reportedly valued at under $500m. Ownership later transitioned to Bain Capital and Tempus Group, before shifting to Carlyle Group, King Street Capital Management, and Davidson Kempner Capital Management in 2021 following a debt restructuring. Blackstone has not yet formally mandated the funding.

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. However, no final decision has been made, and there is no certainty a bid will materialize.

Bidding 130
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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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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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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%

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. The bidding war began in December when Bain Capital made an initial offer for Insignia, valuing the company at AUD2.2bn. Shares of Insignia surged 7.6%

Bidding 90
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Highland West Capital-backed Bid Group snaps up YGE

PE Hub

Based in Prince George, British Columbia, Bid Group is an integrated supplier of equipment, engineering and optimization services and related solutions to the wood processing industry. The post Highland West Capital-backed Bid Group snaps up YGE appeared first on PE Hub.

Bidding 203