by Simon | Jun 20, 2021 | News
Bill Ackman’s Pershing Square Tontine Holdings have reached an agreement with Vivendi, controlled by French billionaire Vincent Bollore, to sign a deal to acquire 10% of Universal Music Group (UMG). “After the 20% equity stake acquired by the Consortium led by...
by Simon | Jun 20, 2021 | News
U.S.-based EIG Global Energy Partners said on Friday a consortium it led has closed a deal to buy 49% of Saudi oil producer Aramco’s pipelines business for $12.4 billion. EIG said the co-investment process for the deal attracted a global group of investors from...
by Simon | Jun 20, 2021 | News
Geolo Capital, the private equity investment arm of the John Pritzker family office, and its joint-venture partner Wanxiang America Real Estate, recently announced the sale of the iconic Ventana Big Sur, an Alila Resort, to an affiliate of the Hyatt Hotels Corporation...
by Simon | Jun 20, 2021 | News
Supermarket giant Morrisons has rejected a £5.5bn takeover bid from a private equity firm, believing it would have “significantly undervalued” the company. Clayton, Dubilier & Rice (CD&R) earlier said it noted the press speculation regarding a potential...
by Simon | Jun 19, 2021 | News
FSN Capital Partners has held the final closing of FSN Capital VI at €1.8bn. The fund was oversubscribed and closed above its original hard cap. With the new fund, FSN has grown significantly since FSN Capital V closed in 2016 at €985m. Fund VI will continue...
by Simon | Jun 19, 2021 | News
HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group in a deal which will mean a loss of around $2.3bn for the British bank but end its long struggle to dispose of the business as it focuses on Asia. The deal announced on Friday sees HSBC...
