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Top private equity news of the week

Private Equity Insights

Golden Goose, the Italian luxury sneakers and apparel brand, has secured a 12% minority investment from Blue Pool Capital, a Hong Kong-based investment firm. CEO Silvio Campara welcomed Blue Pool as a strategic partner, highlighting the firms expertise and connections in the US and APAC markets.

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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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Blackstone leads $2bn deal for PE-owned accounting firm

Private Equity Insights

A Blackstone-led investor group is acquiring a majority stake in US accounting firm Citrin Cooperman, valuing the company at over $2bn, according to sources cited by the Financial Times on Tuesday. The deal reportedly values the firm at approximately 15 times its EBITDA, up from the 11 times multiple when New Mountain initially acquired it.

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EQT tops Bundesliga media rights bidding at $14bn, trailed by CVC, Blackstone, and Advent

Private Equity Insights

EQT AB is leading the bidding as private equity firms compete for a stake in the media rights business of the Bundesliga, Germany’s main football competition, people with knowledge of the matter said. CVC Capital Partners is valuing the business at $13.8bn, while Blackstone Inc.

Bidding 276
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Fuji Soft backs Bain in PE bidding war

Private Equity Wire

Japanese IT company Fuji Soft’s founding family has reaffirmed its support for a takeover proposal by private equity firm Bain Capital, despite opposition from Fuji Soft’s board, according to a report by Reuters citing a jointly released statement with Bain. Bain’s bid aims to acquire 50.1%

Bidding 96
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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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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. These entities share an address with BC Partners London office, and their listed director matches the name of Michael Chang, the firms New York-based co-head of healthcare. Read more here. Read more here.