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

Private Equity Insights

Assura owns a 3.1bn portfolio comprising more than 600 healthcare properties across the UK and Ireland, primarily focused on general practitioner surgeries and community care buildings. KKR and Stonepeak tabled a final offer of 49.4p KKR and Stonepeak tabled a final offer of 49.4p

Buyout 147
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Blackstone and Bain make multi-billion dollar bid for Mitsubishi Chemical division

Private Equity Wire

Global private equity firms Blackstone and Bain are reportedly in the final stages of bidding for Mitsubishi Tanabe Pharma, a subsidiary of Japan’s Mitsubishi Chemical Group, in a deal expected to be valued between $3bn and $3.5bn, according to a report by Reuters.

Bidding 96
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Fortress and BlackRock eye joint bid for €3bn German insurer Viridium

Private Equity Wire

A consortium led by Mubadala Capital-backed private equity firm Fortress Investment Group and BlackRock is among several parties evaluating bids for Viridium Group, a German life insurance consolidator, according to a report by Bloomberg.

Bidding 96
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Better Artificial Intelligence Stock: Palantir Technologies vs. IBM

The Motley Fool

Investors who believe the company is still in the early stages of a long-term global opportunity could consider adding the stock to a diversified portfolio. IBM PE Ratio (Forward) data by YCharts In this case, the market has bid up Palantir shares to an extreme earnings premium by pricing forward many of the positives in its outlook.

Bidding 245
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Amazon and OnlyFans founder make surprise entry in race for TikTok’s US business

Private Equity Insights

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.

Bidding 147
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Blackstone Set to Acquire $17bn Commercial-Property Loan Portfolio in Signature Bank Deal

Private Equity Insights

is the frontrunner to win a roughly $17bn portfolio of commercial-property loans from the Federal Deposit Insurance Corp.’s 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. Blackstone Inc. Such deals can be complex. The funding winter may.

Banks 246
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Update: KKR and Stonepeak edge closer to £1.61bn Assura takeover

Private Equity Insights

The board has indicated it is “minded” to recommend the offer, should a firm bid be made at the latest proposed terms of 49.4p The latest approach marks KKRs fifth bid for Assura, surpassing its previous offer of 48p per share in February, which valued the company at 1.56bn.