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KKR and Stonepeak tabled a final offer of 49.4p per share to secure the transaction, outbidding a 1.5bn proposal from Primary Health Properties (PHP), which Assuras board deemed insufficient.
Blackstone has not yet formally mandated the funding. The bid for TMA is reportedly valued at under $500m. The potential financing package, which may carry an interest rate of 10% or less, remains under negotiation. TMA, the worlds largest seaplane operator, has seen significant private equity involvement over the past decade.
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.
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% earlier in the session.
The report cites Insignia as confirming Brookfield’s bid, which matches offers already made by Bain Capital and CC Capital. Brookfield, headquartered in New York and listed in Toronto, has also provided Insignia shareholders with the option to take equity in its unlisted bid vehicle, adding a layer of flexibility to its proposal.
Were grateful to our limited partners for their continued trust, said Seppala, noting that Blackstone launched the fund in February 2023 at a time of heightened disruption across the European property sector.
If completed, these transactions would mark significant shifts in the European fund administration and custodian banking landscape, reflecting growing private equity interest in financial services assets. In a separate transaction, BNP Paribas SA is exploring the acquisition of HSBCs German custodian business.
Among the strongest contenders are KKR, Hong Kong-based infrastructure investor CKI, hedge fund Covalis Capital, and London-based Castle Water. The process remains fluid, with all bids currently non-binding. CKI has reportedly expressed the most serious commitment, proposing a 7bn capital injection.
per share bid, which the Insignia board rejected in December as insufficient. In response to the intensified bidding war, Insignias shares climbed as much as 2.7% Insignia Financials appeal stems from its robust growth, with funds under management and administration rising by AUD7.2bn to reach AUD326.8bn as of 31 December.
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 group is expecting 2-2.5
Stokelys startup Zoop, backed by a cryptocurrency foundation, has submitted a late-stage plan to bid for the short-form video platform, according to Reuters. Blackstone is in discussions to join ByteDances existing non-Chinese investors, including Susquehanna International Group and General Atlantic, to help fund a potential bid.
The post Deal Roundup: PE heavyweights line up for $3bn Philippine hospital bidding, Gemspring exits OPEXUS to Thoma Bravo appeared first on AltAssets Private Equity News.
Cohen's fund closed out the September-ended quarter with more than $39 billion in AUM, which includes various put and call options, as well as common-stock positions. Cohen's Point72 bids adieu to potentially troubled AI stock Supermicro In Sizing the Prize , the analysts at PwC forecast a $15.7
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.
SpaceX recently completed a tender offer that valued the company at $350bn, while his AI startup, xAI, is reportedly seeking fresh funding at a potential $75bn valuation. Neither X nor Darsana Capital Partners have commented on the funding round.
The Australia expansion allows eligible investors to access funds from top managers like KKR, EQT, and the Carlyle Group with lower investment minimums. This mechanism lets them buy and sell stakes in Moonfares funds, enhancing liquidity. The platform also offers opportunities in secondaries, private credit, and co-investments.
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. Can`t stop reading?
The fund focuses on high-growth food industry businesses, with portfolio companies including automation specialist AB Process Ingnierie and bakery chain Sophie Lebreuilly. Relais Desserts is the seventh investment from Cerea Capital III, which completed its first close in 2022.
Since then, it has funded bolt-on acquisitions including Wellframe and Altruista Health to expand the business. Earlier this year, Bain also made a take-private bid for Surgery Partners. Blackstone acquired HealthEdge in 2020 for $700m at the height of pandemic-driven investment in healthcare. Can`t stop reading?
Read more HIG Capital backs GetixHealth to accelerate healthcare RCM growth Read More KKR and Stonepeak secure 1.61bn Assura buyout after bidding war Read More Blackstone closes record 9.8bn European real estate fund amid market downturn Read More The post Sycamore-backed Walgreens posts improved Q2 as $10bn buyout advances appeared first on Private (..)
Read more Elon Musks X secures nearly $1bn in equity at $32bn valuation Read More HSBC in advanced talks to sell German fund administration unit to BlackFin Read More Update: UK Takeover Panel extends deadline for KKR-Stonepeaks Assura bid to 11 April Read More The post Update: Cinven seals 3.5bn exit from Viridium in landmark Allianz-led deal appeared (..)
A consortium including Blackstone Singapore state fund GIC and Abu Dhabi Investment Authority (ADIA) is in talks with India’s Haldiram’s for a majority stake in its snacks business at a valuation of up to $8.5bn, two sources with direct knowledge said. read more Blackstone-led consortium bids Haldiram Snacks at $8.5
But the aggressive bid for safety has hurt funding for riskier ventures, including the European market for financing start-ups. In June, after just four weeks, Mistral AI -- France's rival to America's OpenAI -- received $113 million in its first-round seed funding.
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.
CVC Capital Partners, the third-biggest Europe-based private equity firm according to the PEI 300, is on track to raise what would be the largest-ever private equity fund, defying the market’s choppy waters. It is unclear when the fund will hold its final close. billion, according to PEI data. read more H.I.G.
That capital was secured through a novel structure backed by one of Vistas own funds during a period of sharp interest rate hikes. March registered the largest drop in average US leveraged loan bids since October 2023, according to Morningstar data. Despite the delay, the transaction may be revived should market conditions stabilise.
Read more HIG Capital backs GetixHealth to accelerate healthcare RCM growth Read More KKR and Stonepeak secure 1.61bn Assura buyout after bidding war Read More Blackstone closes record 9.8bn European real estate fund amid market downturn Read More The post HIG Capital backs GetixHealth to accelerate healthcare RCM growth appeared first on Private (..)
The bidding process is underway, with major retailers such as Aeon, Pan Pacific International Holdings (owner of Don Quijote), and Trial Holdings, as well as investment funds, reportedly submitting bids. The Nikkei did not disclose its sources for the information.
billion) to back its bid for Australian data center operator AirTrunk, people familiar with the matter said. Blackstone’s latest financing plan comes in addition to a A$7 billion pre-arranged funding package to potential bidders that four banks have provided, and at least A$1.5 Private equity firm Blackstone Inc. billion ($3.7
billion bid for the FTSE 100 fund manager today from a private equity consortium, a deal that will end its time as a listed company. HL’s shares rose toward the price of the bid today, up over 21p to 1098p, a rise of 2%. billion private credit fund A unit of Singapore’s state-owned investor Temasek Holdings Pte.
Are you a fan of Cathie Wood's Ark Invest exchange-traded funds? It was a time when investors readily embraced -- and bid up -- stocks of companies with novel business ideas. Ark's fund owned a bunch of these names. Ark's funds are still exactly what they're supposed to be. Ark Funds were red hot. You're not alone.
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.
Goldman Sachs’ asset management arm said two funds have closed, raising more than $15bn for funds that enable investors to make secondary investments in existing private equity deals. Such deals allow PE firms to roll older investments into new funds. “And they’re really not investing a lot of capital.
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. The funding winter may. Such deals can be complex.
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. And you will typically need to provide proof that you'd have the funds to pay for the house if you won the auction. Whichever qualified buyer has the highest bid will win the auction.
The sale includes operations in India, Pakistan, and Sri Lanka, with non-binding offers expected by mid-March. Source: Business Standard If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com. Can`t stop reading?
The fund attracted both new and existing investors, including sovereign wealth funds, pension funds, insurance companies, consultants, and multi-family offices. The previous iteration of the fund closed in 2022 with over $1.5bn in commitments. The fund has already called 51% of capital commitments.
European utility Engie has joined forces with Canada’s second-largest pension fund to try to buy British power network Electricity North West (ENWL), according to two sources with knowledge of the matter. Read more South Korea’s Hahn & Co raises $3.4bn for new buyout fund Aircraft landing gear maker Héroux-Devtek Inc.
billion in additional funding to cover an unspecified number of launches from fiscal 2022 to fiscal 2027. SpaceX, despite charging less for its launches, was awarded only $661 million in new funding for the same period. In total, ULA raked in 62.5% of the awards. SpaceX got only 37.5%. For ULA's owners, too, this is good news.
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% per share cash offer.
A consortium led by private equity firms Starwood Capital Group and Warburg Pincus has made a HKD55.19bn ($7.09bn) bid to take Hong Kong-based real estate investment firm ESR Group private, according to a report by Reuters citing a company announcement on Wednesday. The offer represents a 55.7% per share.
As demand for low-carbon energy continues to grow, investors are flocking to the clean energy sector, funding renewable developers that require significant capital to build solar, wind, and battery-storage facilities. Additionally, in June, Emirati renewable energy producer Masdar agreed to purchase Terna Energy SA in a 2.4bn deal.
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