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Ares Management to buy Singapore private equity firm Crescent Point Capital adding $3.8bn AuM

Private Equity Insights

based alternative investment group Ares Management Corp has agreed to fully acquire Singapore-headquartered private equity firm Crescent Point Capital, according to a statement on Tuesday. “We

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Altamont bolsters new reinsurance broker Augment with $100m Funding from Private Equity firm Altamont Capital Partners

Private Equity Insights

The firm announced its official entrance into the market, fortified by a funding injection of up to $100m provided by private equity firm, Altamont Capital Partners. Augment, in its bid to shift from a product-centric to a client-centric approach, offers more than just reinsurance.

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Unilever freezes plans for PE sale of ice cream business

Private Equity Wire

Unilever has scrapped plans to sell its €15bn ice cream division, which includes the Ben & Jerry’s, Magnum, and Wall’s brand, to private equity firms, opting instead to spin off the business into a separate publicly listed company, according to a report by the Financial Times.

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Blackstone, KKR, CVC curbed by China’s IPO clampdown

Private Equity Wire

Major private equity firms have faced significant obstacles in selling or listing their China-based portfolio companies in 2023, with Beijings tightening restrictions on IPOs and a decelerating economy having left foreign investors capital effectively trapped, according to a report by the Financial Times.

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Bridgepoint-backed Burger King UK seeks refinancing to fund growth

Private Equity Wire

Burger King UK, the fast-food chain backed by private equity firm Bridgepoint, has launched talks with lenders for a major refinancing, seeking additional capital to support its expansion plans, according to a report by Sky News. Prospective lenders are expected to engage in talks in the coming days.

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Fortress and BlackRock eye joint bid for €3bn German insurer Viridium

Private Equity Wire

A consortium led by Mubadala Capital-backed private equity firm Fortress Investment Group and BlackRock is among several parties evaluating bids for Viridium Group, a German life insurance consolidator, according to a report by Bloomberg.

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HCI makes two promotions

Private Equity Wire

HCI Equity Partners (HCI), a lower middle market private equity firm that focuses on partnering with founder-owned service, distribution, and manufacturing companies, has promoted Nate Novak to Managing Director and Michael Allen to Vice President.