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PizzaExpress shareholders back £20m equity injection in refinancing to support growth

Private Equity Insights

The recapitalisation arrives 18 months after Wheel Topco considered an acquisition of Wagamama owner Restaurant Group but ultimately opted not to pursue a bid due to market conditions. The company said it expects to maintain a robust liquidity position following the deal. Can`t stop reading?

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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%

Bidding 96
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Shareholders reject Brookfield-EIG bid to acquire Origin Energy

PE Hub

The post Shareholders reject Brookfield-EIG bid to acquire Origin Energy appeared first on PE Hub. AustralianSuper plays a key role in preventing the takeover of the ASX-listed energy generator and retailer.

Bidding 185
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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. In response, SG Fleet’s largest shareholder, Super Group, which owns a 54% stake, expressed support for the decision to engage with PEP. “It

Bidding 97
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Fuji Soft backs Bain in PE bidding war

Private Equity Wire

In a bidding war with rival private equity giant KKR, Bain raised its offer to JPY9,600 per share last week, a 1.6% premium over KKR’s JPY9,451 bid, and became hostile after Fuji Soft’s board rejected the offer in favour of KKR’s. Bain’s bid aims to acquire 50.1% Nozawa, who owns 18.6%

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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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