Ares Management has bought specialist real estate company Automotive from a Brookfield private real estate fund for $3.8bn. Automotive provides tailored sale-leaseback capital to automotive dealers in the US and Canada to support them in acquiring new locations and...
The European private equity fund manager Astorg closed its first dedicated mid-cap fund at its hard cap of $1.48bn. Due to strong investor demand, the fund has exceeded its initial target of €1bn to hit its hard cap. According to a press release from the PE firm with...
The European Union’s $21.6 trillion investment funds industry is failing to exploit the bloc’s single market, saddling investors with high costs and opaque selling practices, the European Court of Auditors said. A full review of EU investment fund rules is needed by...
Veritas Capital is bidding to take educational publisher Houghton Mifflin Harcourt Co private, Bloomberg News reported on Sunday citing people familiar with the matter. The private equity firm could merge Houghton Mifflin with its portfolio company Cambium Learning...
Australia’s top power producer AGL Energy rejected an unsolicited $3.54bn takeover overture from tech billionaire Mike Cannon-Brookes and Canada’s Brookfield Asset Management, sticking to its own spin-off tune. The surprise bid comes as AGL seeks to split... 