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KKR and Stonepeak secure £1.61bn Assura buyout after bidding war

Private Equity Insights

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.

Buyout 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. 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.

Bidding 130
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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% earlier in the session.

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. 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.

Bidding 90
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PEP makes $780m takeover bid for SG Fleet

Private Equity Wire

PEP’s indicative bid represents a 31% premium to SG Fleet’s last closing share price. Following the announcement, SG Fleet’s stock soared by 20% to AUD3.20, reflecting optimism among investors. It is in the interests of all SG Fleet shareholders to engage with PEP,” the company said in a statement.

Bidding 97
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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. This potential higher bid adds a layer of competition to HKBNs lengthy buyout process.

Bidding 96
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KKR ups Fuji Soft bid to JPY9,850 topping rival Bain’s offer

Private Equity Wire

US private equity giant KKR has increased its offer price for Japanese IT company Fuji Soft to JPY9,850 per share, surpassing a competing bid from rival buyout firm Bain Capital in an intensifying takeover battle, according to a report by Reuters. Despite Bain raising its bid to JPY9,600, KKR had previously held firm until now.

Bidding 84