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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.
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. Sources indicate that CVC, known for its investments in sports brands such as the Six Nations and La Liga, is exploring the possibility of submitting a formal bid.
The embattled UK utility, which serves 16 million households and carries nearly 20bn in debt, is aiming to secure billions in new equity by the end of June to stave off insolvency. The process remains fluid, with all bids currently non-binding.
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. Deliberations are ongoing, and the private equity firms could revise their bids following further negotiations.
Based in Minneapolis, Northern has made at least two offers to Granite Ridge, with the most recent bid, submitted in the past few weeks, offering a roughly 20% premium over Granite Ridge’s current share price. As of September, Granite Ridge’s net debt stood at about $136m, according to LSEG data. after the announcement.
According to sources, Musk personally participated in the raise, alongside Darsana Capital Partners, which had previously acquired portions of Xs debt. The company is reportedly considering using part of the proceeds to reduce its remaining debt burden.
But a debt restructuring deal has offered some relief and could even put Carvana on a path to positive free cash flow. Nonetheless, the deal, which eliminates most of its near-term debt obligations, appears to be financed mainly on the backs of shareholders. Under the deal, bondholders are trading debt due in 2025 or 2027.
BID III's limited partners include public and private pension plans, sovereign wealth funds, financial institutions, endowments, foundations and family offices. The post Brookfield Asset Management wraps up third infrastructure debt fund appeared first on PE Hub.
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. Can`t stop reading?
The transaction values Viridium at 3.5bn, including debt. The deal marks a significant exit for the British buyout firm following heightened regulatory scrutiny of private equity ownership in the insurance sector. T&D Holdings will become the largest shareholder, while Allianz will acquire a 25% stake.
The transaction includes debt financing from CIC Ouest and Caisse Rgionale Crdit Mutuel Loire-Atlantique Centre Ouest, alongside participation from Caisse Rgionale de Crdit Agricole Mutuel Atlantique Vende and Caisse d’Epargne et de Prvoyance Bretagne Pays de Loire.
While anyone can attend these auctions, you'll usually have to register in advance if you want to place a bid on a home that's up for auction. At the auction, you'll be bidding against others who also want to buy the property. Whichever qualified buyer has the highest bid will win the auction.
Apleona, already a known issuer with more than 1bn in existing debt, is likely to attract robust demand from investors looking for new opportunities. 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.
billion) to back its bid for Australian data center operator AirTrunk, people familiar with the matter said. billion of junior debt that private credit funds are in talks to provide, Bloomberg News reported earlier. Billion Loan for AirTrunk Bid Private equity firm Blackstone Inc. Private equity firm Blackstone Inc. billion ($3.7
Eurazeo saw its private debt assets under management (AUM) rise by 11 per cent year-on-year to €7.4bn (£6.4bn) in its latest annual results, meaning that the asset class now makes up 21 per cent of the European investment manager’s portfolio. read more Blackstone-led consortium bids Haldiram Snacks at $8.5
s sale of Signature Bank debt, according to people familiar with the matter. FDIC officials are now in final discussions to declare Blackstone’s bid as bringing the lowest costs to the agency, some of the people said. The bidding process had lured finance companies including Starwood Capital Group and Brookfield Asset Management Ltd.
In 2022, the airline agreed to combine with Frontier but JetBlue Airways stepped in with its own bid, eventually agreeing to acquire Spirit. The breakup left Spirit in a difficult position, with significant debt coming due and dealing with an engine issue that has grounded part of its fleet. Enter Frontier, again.
Canadian private equity firm Brookfield is reportedly considering a €7bn ($7.4bn) takeover bid for Spanish pharmaceutical company Grifols and is completing due diligence on the plasma-based drugmaker, according to a report by El Confidencial. Brookfield is said to be evaluating a public tender offer at €10.5
Unfortunately, the race to keep up with AT&T and T-Mobile left Verizon with a total debt of $149 billion, and the company has made very little progress in reducing that burden. Addressing the debt problem Unfortunately, that cost hamstrings Verizon with its $149 billion in debt. Verizon paid $3.3
Its "21/21 Plan" calls for the company to raise $42 billion via a mix of debt sales and equity offerings, and use all of it to buy more Bitcoin. Use debt to expand your ability to buy as much of it as possible. It's using significant debt to get as much leverage as possible. So the strategy of Strategy is simple.
Private equity firm Cinven has agreed to buy back 160m euros ($170m) of debt sold by its insurer Eurovita and is open to supporting other measures to avoid a messy liquidation of the Italian company, a person with knowledge of the situation told Reuters. stake in Indian cancer.
Move and countermove Last October, Chevron agreed to buy Hess in an all-stock deal valuing the oil and gas company at $53 billion, or $60 billion including debt. billion, including debt. According to a report by Reuters, analysts estimate that Guyana makes up 70% of the value of Chevron's $53 billion bid for Hess.
Capital is seeking $655 million of debt financing to help fund its potential purchase of mechanical and industrial cleaning company USA DeBusk, according to people with knowledge of the matter. are raising billions of dollars in a bid to profit from financing projects like clean energy. Goldman Sachs Group Inc.’s Blackstone Inc.
The defense prime is offering $1 per share in a deal that would value the company at $600 million, including the assumption of $313 million in debt. Investors appear to be hoping for a sweetened bid from Lockheed Martin to get the deal done.
Private equity firm Bain Capital on Tuesday agreed to buy Fogo de Chão, in a deal people familiar with the matter said valued the Brazilian steakhouse chain at about $1.1bn, including debt. Bain arranged debt financing for the deal from Deutsche Bank, which is also serving as financial advisor to the firm.
It was a strong quarterly performance, and investors have responded by bidding up the company's stock. Due to its high debt load, the company's valuation has been depressed by the high interest rate over the last couple of years. Total revenue from the company's wireless service revenue rose 3.2% year over year to reach $19.4
The space agency did ask for competitive bids in a couple of rounds of requests last year. NASA didn't reveal who else, in addition to SpaceX, may have bid on the contract, stating only that SpaceX won. The space station is dead. Long live the space stations!
The refinancing effort includes a bid to raise an additional 40m ($51.93m) in borrowing capacity, which will help fund the companys business plan, alongside discussions to refinance 110m in existing debt. Prospective lenders are expected to engage in talks in the coming days.
A deal doomed from the start JetBlue and Spirit agreed to combine in July 2022 after JetBlue won a bidding war against Frontier Group Holdings. billion in debt due in 2025. If the economy holds and management is able to navigate through the debt issues, the airline once again could have an attractive story to tell investors.
When it recently bought Seagen, a cancer biotech with advanced therapeutic technology, it was willing to take on $31 billion of debt to make the purchase. billion in debt, giving it a debt-to-equity ratio of 0.7. If the bigger business makes a bid to buy it, you'll benefit that way too. It also has just over $68.7
There is the publisher that owns the ad space, the supply side platform (SSP) that sends out the bid request for the publisher, the advertiser looking to buy ad space, and then the demand side platform (DSP), which is what The Trade Desk is. billion in current liabilities and no long-term debt. billion in current assets, versus $2.1
Management says that the funds will go to paying off some of the company's debt load of $38.5 billion on debt repayment. The sale comes on the tail of its announcement in May that it was selling some of its shares of AmerisourceBergen to make around $644 million, which was also slated for use in debt repayment.
3) What chance is there that something still better will transpire -- a competing takeover bid, for example? Third, a competing bid seems unlikely, given that the companies announced the agreement in April and no other offer has emerged. 2) How long will your money be tied up? (3) since 1965.
To abide by NYSE rules, and also to make its own stock look more respectable to institutional investors, Virgin Galactic had two choices: One, it could improve its business, make a lot of money, and attract investors to bid up its stock price. Virgin Galactic currently has only $382 million left in the bank, net of debt.
In 2021, it was a popular tactic to target companies with high short interest and bid the stock higher, forcing short-sellers to buy back shares, pushing shares higher still. Companies will now find it easier to raise cash through share offerings or even convertible debt offerings to finance solar projects.
Investors (usually hedge funds and large institutions) may develop a negative opinion about a company and sell its stock short in large quantities in a bid to benefit from the expected share price drop. In case you aren't familiar with short squeezes , here's the quick version. Seritage is a unique situation.
And it would be smart to own those names before shares are bid higher as rate cuts become a reality. Brookfield's use of debt has led to a more than 30% jump in interest expense for the first nine months of 2023 versus 2022. Lower interest rates will allow Brookfield to refinance its debt at a lower cost.
Not only did it arguably overpay for the assets after a bidding war with Chevron, it also got hit with the huge challenge of COVID-19 (when oil prices crashed). Meanwhile, Occidental's move to buy CrownRock for $12 billion, which will be largely funded with debt, will put further pressure on its free cash flow.
Right now, oil is on the rise, leading investors to bid up the stock prices of companies like ExxonMobil (NYSE: XOM). A strong balance sheet allows this industry giant to take on debt during weak patches so it can continue to fund its business and support the dividend until energy prices recover. Have you missed out?
Carnival stock is still well off its all-time highs as the company loaded up on debt and diluted shareholders to stay alive during the pandemic, but it's making progress in repairing its balance sheet and it should continue to do so in 2024.
billion of debt, including all its 2024 maturities. Steward only received acceptable bids for two of the facilities , which were at very low prices (and the tenants wanted Medical Properties Trust to release them from the leases). It has raised over $2.5 These moves allowed it to repay $1.5 Unfortunately, that hasn't been the case.
During the third quarter, we continued to advance our strategy of generating additional liquidity to accelerate debt paydown and enhance financial flexibility. During the quarter, MPT and our JV partner increased the equity investment in infracore by retiring approximately 50 million Swiss francs in maturing third-party debt.
Now, with the prospect of lower interest rates, investors have bid the stock higher by almost 15% since the beginning of July. Assuming the lower interest rates allow Realty Income to refinance debt or fund more projects and acquisitions, lower rates should help boost profits.
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