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Blackstone considers sale or IPO for €6.5bn Hotel Investment Partners

Private Equity Insights

The private equity giant is weighing either a sale of its 65% stake in HIP or an initial public offering, 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).

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Carlyle Group leads race to buy Medtronic units for $7bn

Private Equity Insights

The report, which is based on anonymous sources, states that the private equity 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.

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PE-led consortium to take Hong Kong’s ESR Group private in $7.09bn deal

Private Equity Wire

A consortium led by private equity firms 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.

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Bain Capital, Carlyle Group and Cerberus Capital Management Set to Make Bids for Adani Capital

Private Equity Insights

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.

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KKR to Sell about $1.6bn worth of its Stake in Kokusai Electric

Private Equity Insights

Private equity firm 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.

Stakes 130
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PE firm Creador to buy 40% stake in Malaysia’s Pet World International

Private Equity Insights

Private equity firm 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 initial public offering (IPO) in Singapore to raise up to $100 million. billion rupees. billion rupees.

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QIA to take stake in Ambani retail firm at $100bn valuation

Private Equity Insights

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.

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