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

Private Equity Insights

Existing shareholders may sell a slice of their holdings as part of the capital increase, the people said. Co-founder Teodoro D’Ambrosio is the group’s largest shareholder, with Blackstone, Goldman Sachs and Carlyle also holding stakes, a Prima spokesperson said, declining to comment on the fundraise.

Bidding 130
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Apollo makes $11bn Paramount Pictures bid

Private Equity Insights

Apollo’s offer comes as as an independent committee of the company’s board of directors is reviewing a bid from Skydance Media for all of Paramount Global, which also owns CBS, Comedy Central, Nickelodeon and the Paramount+ streaming service, through the acquisition of holding company National Amusements.

Bidding 130
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Apollo makes $11bn Paramount Pictures bid

Private Equity Wire

Apollo’s offer comes as as an independent committee of the company’s board of directors is reviewing a bid from Skydance Media for all of Paramount Global, which also owns CBS, Comedy Central, Nickelodeon and the Paramount+ streaming service, through the acquisition of holding company National Amusements.

Bidding 128
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PAI Partners Bids for Stake in €760m-Revenue Naxicap-Backed ECF Group

Private Equity Insights

PAI Partners has made a binding offer for a majority stake in Naxicap Partners-owned hospitality equipment and consumables business ECF Group. Naxicap would remain a minority shareholder following the deal for ECF, which has annual revenues of about €760m.

Bidding 130
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MBK bids to become largest shareholder of Korea Zinc

Private Equity Wire

Private equity firm MBK Partners has teamed with Young Poong Corp, the largest shareholder of Korea Zinc Co, to launch a joint tender offer to acquire a controlling stake in the world’s leading refined zinc producer, valuing the company at KRW13.7tn won ($10.3bn), according to a report by Bloomberg. of the company late on Thursday.

Bidding 98
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Billionaire Steven Cohen Sold Point72's Entire Stake in Supermicro and Is Piling Into This Game-Changing Artificial Intelligence (AI) Stock Instead

The Motley Fool

Cohen's Point72 bids adieu to potentially troubled AI stock Supermicro In Sizing the Prize , the analysts at PwC forecast a $15.7 Cohen's fund purchased 1,574,796 shares during the third quarter, which increased its stake by a cool 75% in three months. trillion increase in global gross domestic product by 2030, due to the rise of AI.

Stakes 245
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Waterstones’ private equity owner Elliott joins £500m takeover race for Reiss

Private Equity Insights

The business, which owns book retailers Foyle’s and Waterstones, has reportedly said it would be interested in buying Reiss for upwards of £500m from Next and its other shareholder private equity firm Warburg Pincus, Sky News reported. Last week, Next was also said to be working with investment bankers at Raymond James to arrange a sale.