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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 91
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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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Grifols rejects Brookfield’s ‘undervalued’ $6.8bn bid

Private Equity Wire

Spanish pharmaceutical company Grifols (GRLS.MC) has rebuffed a potential takeover bid from Canadian investment firm Brookfield, arguing that the €6.45bn ($6.8bn) proposal significantly undervalues the company’s growth prospects and long-term potential, according to a report by Reuters.

Bidding 82
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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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Blackstone Is Said to Seek A$5.5 Billion Loan for AirTrunk Bid

Private Equity Insights

billion) to back its bid for Australian data center operator AirTrunk, people familiar with the matter said. AirTrunk shareholders have been seeking around A$20 billion in the sale, people with knowledge of the matter have said. Representatives for Blackstone and AirTrunk’s main shareholders declined to comment. billion ($3.7

Bidding 130
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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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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