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Blackstone and Permira assess debt options for €6.5bn Adevinta deal

Private Equity Insights

The firms acquired Adevinta in 2023 in one of Europes largest leveraged buyouts backed by private credit. The private equity firms aim to refinance or reprice Adevintas existing 4.5bn debt and may raise an additional 2bn, potentially for a shareholder dividend, according to sources familiar with the matter.

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Apollo and ICG expand into South Korea as private equity gains momentum

Private Equity Insights

Lower interest rates are expected to further fuel leveraged buyouts, setting the stage for an active 2025, Deloitte reported. The broader Asia-Pacific private equity market saw investment activity rise to $138bn in 2024, marking an 8.1% increase from the previous year.

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Banks ramp up leveraged buyouts as interest rates fall

Private Equity Wire

Investment banks, which faced significant losses on risky merger and acquisition (M&A) loans due to a spike in global interest rates, are now aggressively returning to the leveraged buyout (LBO) market — one of the most profitable sectors in finance, according to a report by Bloomberg.

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Blackstone, Carlyle, and Hellman & Friedman set for potential Medline IPO windfall

Private Equity Wire

While the size of the offering has not been finalised, sources suggest the IPO could raise up to $5bn, presenting a lucrative exit opportunity for its private equity owners who acquired Medline in a $34bn deal in 2021, one of the largest leveraged buyouts of the past decade.

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Akin adds Partner to PE transactions practice

Private Equity Wire

Alperovich has extensive experience advising private equity sponsors and their portfolio companies on a broad range of transactions, including mergers and acquisitions, leveraged buyouts, minority and growth investments, joint ventures, carve-outs and divestitures, restructurings, SPACs and de-SPACs, and investments in general partners.

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Energy Capital Partners nears $30bn sale of Calpine to Constellation

Private Equity Wire

If finalised, this acquisition will rank among the largest in the US power industry since TXU Corps $45bn leveraged buyout in 2007. These assets, valued increasingly highly amid surging US power demand, align with Constellations strategic objective to diversify its predominantly nuclear generation base.

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Carlyle secures private credit loan for WSG deal

Private Equity Wire

Initially, Carlyle explored using a traditional leveraged buyout bank loan for the acquisition, but ultimately opted for private credit, the source added without providing further details. Australias leveraged buyout activity has been gaining traction, driven by narrowing valuation gaps between buyers and sellers.