CVC Nears Takeover of $5.8bn Asset Manager Glendower

CVC Nears Takeover of $5.8bn Asset Manager Glendower

CVC Capital Partners is nearing a purchase of secondary buyout specialist Glendower Capital, according to people familiar with the matter, in a deal that will provide the private equity firm with a new strategy to lure investors. The two investment firms are in...
Ares SSG closes third secured lending fund at $1.6bn

Ares SSG closes third secured lending fund at $1.6bn

Ares SSG has held the final close of its third Secured Lending Opportunities Fund III (SLO III), with capital commitments of more than $1.6bn, which Ares believes makes it the largest pan-Asian secured lending fund to date. The close of SLO III marks the establishment...
Gopuff valued at $15bn after raising funds from global investors

Gopuff valued at $15bn after raising funds from global investors

Delivery startup Gopuff said on Friday it raised $1bn from global investors, including Guggenheim Investments and SoftBank Vision Fund 1, valuing the company at around $15bn. The new valuation represents a jump of nearly 69% from $8.9 billion that the company was...
Apollo Books $1.6bn Gain Selling Hospital Chain to Itself

Apollo Books $1.6bn Gain Selling Hospital Chain to Itself

Apollo Global Management Inc. booked a $1.6 billion gain for its 2013 buyout fund by selling its majority stake in rural hospital chain LifePoint Health to another Apollo fund. The firm’s eighth flagship fund completed the sale to its ninth last month for $2.6...
Grill Maker Weber Sets IPO Terms That Could Put Market Cap at $5bn

Grill Maker Weber Sets IPO Terms That Could Put Market Cap at $5bn

Weber, backed by BDT Capital Partners, said it plans to sell nearly 46.9 million shares at between $15 and $17 apiece in an initial public offering that could give the grill maker a market capitalization of around $5bn. At the $16 midpoint of the expected price range,...