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Apollo-backed Concord increases Hipgnosis price in bidding war with Blackstone

Private Equity Wire

Concord, a US investment group backed by Apollo Global Management, has raised its bid for Hipgnosis Songs Fund (HSF) to $1.5bn, surpassing a competing offer from Blackstone and initiating a bidding war, according to a report by the Financial Times. on its original bid, or 42.6% per share for HSF. per share for HSF.

Bidding 98
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Top Anglo American shareholders criticise BHP’s £31bn bid as ‘opportunistic’

Financial Times M&A

Legal & General and Abrdn say offer substantially undervalues UK-listed miner

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KKR secures Telecom Italia approval for €19bn fixed-line network bid

Private Equity Wire

US private equity major KKR has secured approval from Telecom Italia (TIM) for its €19bn bid to acquire the telecoms company’s fixed-line network, in what will be one of the first landline grid deals in a major European country, according to a report by Reuters.

Bidding 75
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Brightstar Capital agrees $1.1bn PlayAGS take-private deal

Private Equity Insights

The company’s board has approved the acquisition and recommended shareholders also vote in favour of the proposed deal. Under the agreement, PlayAGS shareholders will receive $12.50 Subject to regulatory and shareholder approvals, the acquisition will close in the second half of 2025. per share in cash.

Capital 130
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Is SNDL Stock a Buy?

The Motley Fool

For longtime shareholders of Sundial Growers, now known as SNDL , (NASDAQ: SNDL) the fun looks like it's finally starting. it has exposure to market growth if federal marijuana legalization ever passes. It's also the biggest private-sector retailer of liquor in the country. And via its cannabis investments in the U.S.,

Bidding 246
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Thoma Bravo increases Everbridge offer price 

Private Equity Wire

The new offer will result in Everbridge’s shareholders receiving $35 per share held, representing a 47% premium; Thoma Bravo’s previous $28.60 bid represented a 20% premium. Qatalyst Partners is serving as financial advisor and Cooley as legal counsel to Everbridge.

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euNetworks Closes on €2.1 Billion Equity Recapitalisation

Private Equity Insights

Alongside our co-shareholders, we look forward to continuing our partnership with euNetworks as they focus on building the next generation of bandwidth network in Europe, connecting more data centres and key sites with fibre, and leading the industry in sustainability practices.” Gowling WLG acted as legal counsel to IMCO.

Legal 130