Top private equity news of the week
Apollo Global Management is preparing to launch a $5bn sports investment vehicle as it accelerates its push into the fast-growing sports finance sector, according to the Financial Times.
The New York-based firm, which manages more than $800bn in assets, will make its first permanent capital allocation to sports and hire a team to oversee the initiative. The strategy will combine lending to sports clubs and leagues with equity stakes in teams.
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HSBC Asset Management has launched a new private equity strategy aimed at high-net-worth investors, expanding its alternatives platform beyond its traditional institutional client base, according to a report by Bloomberg.
The fund, seeded with capital from HSBC’s insurance arm, invests in secondary deals and co-investments sourced from a range of general partners. It already holds positions in around 10,000 companies with a net asset value of $477m. HSBC is seeking to raise $500m from wealthy clients in the UK, Europe, Asia, and the Middle East over the next year. Minimum commitments start at $25,000, varying by jurisdiction.
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CapVest Partners has agreed to acquire a majority stake in STADA Arzneimittel from Bain Capital and Cinven, with the two firms set to retain minority positions in the German pharmaceutical group.
The terms of the transaction were not disclosed, and completion is expected in early 2026, subject to regulatory approvals.
Bain Capital and Cinven acquired STADA in 2017 and supported its transformation into a diversified healthcare company with a focus on consumer healthcare, generics, and specialty pharmaceuticals. Under their ownership, STADA’s revenues surpassed €4bn, net sales grew at a compound annual rate of 9%, and EBITDA more than doubled. The business now employs more than 11,600 people globally.
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