I Squared Capital, a US-based investment firm managing over $40bn in assets, is preparing a potential $1bn bid for Hong Kong Broadband Network. The offer is expected to surpass a previous bid from China Mobile, which valued HKBN at HKD5.23 per share. I Squared...
Carlyle, the US private equity giant managing $447bn in assets, is considering selling Calastone, a UK-based funds network and data company. The potential sale, managed by Barclays, could value Calastone at over £600m, or more than 20 times its EBITDA, based on...
The $275bn New York State Common Retirement Fund committed $3.3bn to private markets, bringing its alternatives exposure to nearly $100bn. Private equity makes up 14.45% of the portfolio, with real assets and real estate at 13.32% and credit strategies at 8%. These...
Palm Peak Capital, a private equity firm launched in 2024 by former Sun Capital Partners executives, has acquired California-based Pacific Shoring Products. This acquisition marks Palm Peak’s first investment and reflects its focus on high-potential industrial...
Private equity firms are increasingly using continuation funds to extend ownership of portfolio companies. These funds, which saw rapid growth between 2019 and 2021, provide fresh capital to high-potential assets, ensuring continued value creation. Continuation funds... 