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The privateequity giant is weighing either a sale of its 65% stake in HIP or an initialpublicoffering, according to reports from Cinco Dias. Blackstone is exploring options to divest Hotel Investment Partners, a Spain-based hospitality group valued at 6.5bn ($6.77bn).
The report, which is based on anonymous sources, states that the privateequity group is discussing a deal that would give it a 65% stake at a valuation of more than $7bn. Medtronic would retain the remaining 35% stake in the new company created through the spinoff.
A consortium led by privateequityfirms Starwood Capital Group and Warburg Pincus has made a HKD55.19bn ($7.09bn) bid to take Hong Kong-based real estate investment firm ESR Group private, according to a report by Reuters citing a company announcement on Wednesday. The offer represents a 55.7% per share.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up While most of the bidders are keen on full ownership of the business, the promoters are expected to decide whether a small stake would be retained for the future. The company is working with Avendus for the sale process.
Privateequityfirm KKR plans to cut its stake in Kokusai Electric, two people familiar with the matter said, cashing in after a blistering run for shares in the Japanese chip equipment maker. KKR, which holds around 43% of Kokusai’s shares, plans to sell about half of its stake to investors, one of the people said.
Privateequityfirm Creador on Tuesday said it bought a 40 per cent stake in Malaysia’s Pet World International, months after Reuters reported the pet foods manufacturer was planning an initialpublicoffering (IPO) in Singapore to raise up to $100 million. billion rupees. billion rupees.
Qatar Investment Authority will invest $1bn for a 1% stake in India’s Reliance Retail Ventures, the retail arm of billionaire Mukesh Ambani’s Reliance Industries (RELI.NS), nearly doubling its valuation to $100bn from its last funding round in 2020.
Hg has drawn interest from potential investors, including Mubadala and CDPQ, for its stake in Argus Media, four people familiar with the matter said, in a deal that could value the oil pricing data business at $4.87bn. Mergermarket reported that Hg was considering options for its stake in Argus in September.
Prima Assicurazioni, an insurance start-up backed by some of the world’s largest privateequityfirms, is seeking indicative offers this week to bring in a new minority investor and raise fresh cash, two people close to the matter told Reuters. sports Source: Reuters Can’t stop reading?
Privateequityfirm GTCR has agreed to pay $2.7 billion to buy AssetMark Financial in a deal that would take the wealth management platform private more than five years after its initialpublicoffering. Source: Reuters Can’t stop reading? billion to buy AssetMark Financial in a deal that.
Savers Value Village said it aims to raise up to nearly $320m for an initialpublicoffering that would value the U.S. A string of share offerings, including by restaurant chain Cava Group and consumer health firm Kenvue, are reviving the IPO market, which has been hit hard in the past year by rising interest rates.
Cashing in to create more value Alexandria Real Estate Equities recently completed the sale of some non-core lab space assets in the Boston market. It sold five non-core, non-mega campus properties with 428,663 of rentable square feet (RSF) in the Boston area to TPG Real Estate Partners, an affiliate of privateequityfirm TPG Capital.
Moreover, earlier this year it was reported that Arm filed confidentially for an initialpublicoffering (IPO), further distancing itself from Nvidia. When a company is privately held, it typically raises funds from sophisticated investors such as venture capitalists or privateequityfirms.
Summa Equity, a purpose-driven thematic investment firm, announces the sale of its majority stake in Infobric, a leading provider of software solutions for the European construction industry, to Stirling Square Capital Partners, a pan-European mid-market privateequityfirm.
Swedish private-equityfirm EQT said that together with its co-shareholders it has agreed to sell Ellab to Novo Holdings. Read more EQT to Sell Danish Company Ellab to Novo Holdings Swedish private-equityfirm EQT said that together with its co-shareholders it has agreed to sell.
Bain Capital is exploring a sale or initialpublicoffering (IPO) of Varsity Brands that could value the U.S. Bain has been interviewing investment banks to hire financial advisers that will help the privateequityfirm come up with a plan to cash out on its majority stake in Varsity Brands, the sources said.
Lima is controlled by privateequityfirm EQT AB. Lima is controlled by privateequityfirm EQT AB, which Reuters reported in May also considered an initialpublicoffering for the company. Enovis Corp, a U.S. Source: Market Screener Can’t stop reading? Enovis Corp, a U.S.
Privateequityfirm PAI Partners is in the early stages of exploring options for its ice cream joint venture with Nestle SA that includes brands like Haagen-Dazs, according to people familiar with the matter. Nestle is expected to retain its stake, according to the people. per share, privateequityfirm Sycamore Partners.
RRJ Capital, the privateequityfirm founded by former Goldman Sachs Group Inc. banker Richard Ong, is seeking to raise as much as $2bn for a new fund that focuses on private credit in Asia. Read more MBK Partners Launches Tender Offer for Stake in Hankook &Co.,
Triton is looking to raise as much as €423m ($450m) from an initialpublicoffering of industrial machinery maker Renk AG, adding to a late-year surge in listings activity in Germany. Its privateequity owner will sell shares in the company at €15.00 Enovis Corp, a U.S. maker of orthopedic bracing.
Reuters reported in May that Cirsa’s owner Blackstone was weighing options for the company, including an initialpublicoffering of shares and a refinancing of Cirsa’s debt. read more The post Blackstone’s firm Cirsa seeks to refinance debt with new $710m bond sale appeared first on PrivateEquity Insights.
A consortium led by RRJ Capital, the privateequityfirm run by former Goldman Sachs Group Inc. banker Richard Ong, is considering an offer for Vodafone Group Plc’s Spanish business, people with knowledge of the matter said. has also shown initial interest, people familiar with the matter said previously.
million in an initialpublicoffering in Singapore in 2005. A consortium led by Hong Kong entrepreneur Johnson Ko and Cityneon Executive Chairman Ron Tan took the firmprivate in a S$318 million deal in February 2019. The company, formerly known as Cityneon, raised about S$5.3
” Birkenstock has set its share price at $46, the firm said in a press release early Wednesday. A total of 32.26m ordinary shares will be offered in its initialpublicoffering, trading under the symbol BIRK. “Since 2021, the company has been partially owned by a privateequityfirm backed by LVMH.
Privateequityfirm BC Partners has revived plans to list German academic publisher Springer Nature at a valuation of up to €9bn, including debt, amid improving sentiment for initialpublicofferings, according to a report by Reuters.
The report cites unnamed sources familiar with the process, as coffering that final bids for a majority stake in the London-based group are due later this month, potentially valuing the business at up to $15bn. Other bidders might still enter the fray, one source cautioned.
Blackstone-owned Indian home loans provider Aadhar Housing Finance is targeting a $600 million-650 million initialpublicoffering (IPO) at a valuation of up to $3 billion, two people with direct knowledge said on Tuesday. “Blackstone wants to capitalise on these market conditions and sell a part of its stake.
The privateequityfirm is in discussions with Global Switch’s Chinese owners about a potential deal, said the people, who asked not to be identified as the information is private. Global Switch was initially eyeing an initialpublicoffering in Hong Kong. and Avic Trust Co.
The Africa50 Infrastructure Acceleration Fund is a 12-year closed-end infrastructure privateequity fund that mobilizes large and long-term institutional capital from African and international institutions. The fund will make equity and quasi-equity investments—primarily taking majority stakes—in infrastructure projects across Africa.
When a start-up is first getting off the ground, the founders may turn to outside investors such as venture capital (VC) or privateequityfirms to raise funding. In exchange for investment capital, the founders give up equity ownership in the business. What makes Hercules Capital Unique?
EG Group, a petrol station company supported by privateequityfirm TDR Capital, is preparing for an initialpublicoffering in New York as early as this year that could value the business at approximately $13bn, according to a report by the Financial Times.
Bain Capital and Parthenon Capital are in discussions to sell a minority stake in healthcare technology company Zelis in a deal that could value the firm at around $17bn, according to a report by Bloomberg. They are now leaning towards selling a stake to maintain involvement in the company’s growth, one of the sources indicated.
stake in video-game provider Keywords Ventures Ltd. and committing $700 million to a privateequity fund managed by EQT Private Capital Asia. Committed approximately 460 million for a significant minority stake in Regnology, alongside a new investment made from Nordic Capital XI in addition to its current ownership.
Warburg Pincus taps Evercore chairman for European leadership role Submitted 31/07/2023 - 12:10pm Buyout giant Warburg Pincus has appointed Andrew Sibbald, the chairman of Evercore Partners's London-based business, as a Managing Director and the privateequityfirm's new Co-Head of Europe alongside Berlin-based René Obermann.
CVC agrees €1bn deal for Dutch infrastructure firm DIF Capital Partners Submitted 05/09/2023 - 11:29am European privateequityfirm CVC has agreed to acquire a majority stake in Dutch infrastructure investor DIF Capital Partners in a deal worth around €1bn in cash and shares, with a commitment to acquire the remaining shares "over time".
CVC to pay €1bn for Dutch infrastructure firm DIF Capital Partners Submitted 05/09/2023 - 11:29am European privateequityfirm CVC has agreed to acquire a majority stake in Dutch infrastructure investor DIF Capital Partners in a deal worth around €1bn in cash and shares, with a commitment to acquire the remaining shares "over time".
PrivateEquityPrivateequity is a form of alternative investment that involves investing in privately-held companies. It encompasses strategies such as venture capital, leveraged buyouts and investing directly in publicly-traded privateequityfirms.
PrivateEquityPrivateequity is a form of alternative investment that involves investing in privately-held companies. It encompasses strategies such as venture capital, leveraged buyouts and investing directly in publicly-traded privateequityfirms.
“Valuations are way, way off in some cases, and there will come a point, I expect soon, when auditors say they’re unable to sign off on the accounts anymore,” he adds, explaining that many asset sales in secondary markets will be done at far lower values than where they’re being priced by firms today.
CVC Capital Partners is targeting a market capitalisation as high as 15 billion euros ($16 billion) in its initialpublicoffering (IPO), the privateequity group said on Monday. The company is offering shares at a price range of 13 to 15 euros, with trading on Euronext Amsterdam expected to start on April 26.
Alo Yoga founders Danny Harris and Marco DeGeorge have hired investment bank Moelis to advise on options that include selling a stake in the company, the sources said. Activewear brand Vuori Inc is planning an initialpublicoffering as early as next year after securing an investment from SoftBank Group Corp at a $4bn valuation in 2021.
The deal, valued in the hundreds of millions of dollars, comes as privateequityfirms ramp up investments in Japans pharmaceutical industry, driven by regulatory changes that speed up drug approvals. Last year, it took Japanese pharmaceutical services firm Irom private but intends to keep it separate from CMIC.
Bloomberg first reported the negotiations, noting that other privateequityfirms, including Bain Capital and Francisco Partners, had previously expressed interest. This move aligns with Intels long-term roadmap, which includes a potential initialpublicoffering (IPO) for Altera.
Privateequityfirm Hellman & Friedman has appointed Goldman Sachs and Morgan Stanley as global coordinators for the initialpublicoffering (IPO) of Verisure, in what could be one of Europes largest listings in recent years, according to a report by Bloomberg.
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