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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. Adani Capital was planning on an initial public offering (IPO) in 2024 to raise Rs 1,500 crore, and offering a 2 per cent stake.

Bidding 236
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PE-led consortium to take Hong Kong’s ESR Group private in $7.09bn deal

Private Equity Wire

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%

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Bain Capital buys Brazilian steakhouse chain Fogo de Chão in $1.1bn deal

Private Equity Insights

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. The deal marks a win for private equity firm Rhone Capital, which took Fogo de Chão private for $560m in 2018.

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Brookfield’s $10.6bn Origin Energy Bid Faces Review from AustralianSuper

Private Equity Insights

Origin Energy’s largest shareholder AustralianSuper said on Thursday it will vote against a latest revised $10.6bn takeover bid from a Brookfield-led consortium, reiterating its view that the offer is “substantially below” its estimate of the power producer’s long-term value. Under the new terms, the A$9.43

Bidding 130
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CVC secures €25bn for industry’s biggest-ever buyout fund

Private Equity Insights

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. Source: Private Equity International Can’t stop reading? read more H.I.G.

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Blackstone-backed Prima seeks bids for minority stake in $1.1bn deal

Private Equity Insights

Prima Assicurazioni, an insurance start-up backed by some of the world’s largest private equity firms, is seeking indicative offers this week to bring in a new minority investor and raise fresh cash, two people close to the matter told Reuters.

Bidding 130
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Carlyle Eyes $4.6bn Exit for Luxury-Watch Parts Maker Acrotec

Private Equity Insights

The private equity firm is interviewing banks as it considers a potential sale or listing of the Develier, Switzerland-based business, the people said. has been chosen to oversee preparations for a potential initial public offering, according to the people, who asked not to be identified discussing confidential information.