Blackstone trumps Concord with $1.5bn Hipgnosis bid

Blackstone trumps Concord with $1.5bn Hipgnosis bid

Private equity giant Blackstone has made an improved offer for Hipgnosis Songs Fund with a proposed $1.5bn deal to acquire the troubled music rights owner, topping a $1.4bn bid made last week by music rights investor Concord, according to a report by Bloomberg. The...
GTCR to Buy AssetMark Financial in $2.7bn Deal

GTCR to Buy AssetMark Financial in $2.7bn Deal

Private equity firm 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 initial public offering. The acquisition, announced on Thursday, will help expand...
TDR Capital to aquire Asda stake from billionaire Issa brother

TDR Capital to aquire Asda stake from billionaire Issa brother

TDR Capital is closing in on a deal to buy gas-station billionaire Zuber Issa’s stake in Asda as the private-equity firm tightens its grip on one of Britain’s biggest supermarket chains, according to people familiar with the discussions. The agreement for Issa’s 22.5%...
Polish bValue closes Growth fund with total cap of €90m

Polish bValue closes Growth fund with total cap of €90m

Warsaw-based investment firm bValue has announced the closing of its third fund, bValue Growth (BVG), at €90 million to support technological companies in Poland and across Central and Eastern Europe.  bValue was founded in 2016 by Maciej Balsewicz as early-stage tech...
Blackstone signs over $1bn deal with MBK for 1st exit in Korea

Blackstone signs over $1bn deal with MBK for 1st exit in Korea

The US asset manager will sell a 71.25% stake in drug wholesaler Geo-Young, the corporate value of which is around $1.4 billion.   Private equity giant Blackstone Inc. is set to mark its first exit from South Korea by selling a 71.25% stake in the holding firm of...