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Blackstone monetises Las Vegas CityCenter with $800m preferred stake sale Blackstone agreed to sell an $800m preferred equity stake in the CityCenter Las Vegas complex to Realty Income, allowing the…
Top private equity news of the week Real Madrid is examining a plan to create a subsidiary that would allow external investors to buy a stake of around 5% in the world’s most valuable football club,…
KKR-backed Avida completes debut SRT with Sona to support turnaround plan Avida Finans, the Swedish lender owned by KKR, has completed its first significant risk transfer transaction, selling the…
OpenAI strengthens investor alliance with stake in Thrive Holdings OpenAI has acquired a stake in Thrive Holdings, the investment platform launched this year by major OpenAI backer Thrive Capital,…
Axcel reaches €459m hard cap for Elevate Fund I as investors back Nordic lower mid-market strategy Axcel has closed Elevate Fund I at its €459m hard cap after strong demand from investors, marking a…
Benetton family launches 21 Next in merger of private capital platforms with €10bn growth target The Benetton family has merged its private capital arm 21 Invest with Milan-based Tages to create 21…
Patria to acquire UnitedHealth’s Banmédica unit in $1bn South America exit Brazilian private equity firm Patria Investments has agreed to buy Banmédica, UnitedHealth Group’s last remaining South…
CVC leads £1.1bn takeover of Low Carbon to supercharge European green-energy build-out CVC Capital Partners is set to become the majority owner of UK-based green-power developer Low Carbon after…
Fund Friday: Top fundraising news in private equity Warburg Pincus has gathered more than $12bn for the first close of its new global private equity fund, securing about 70% of its $17bn target…
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CIC nears $1bn sale of US private equity stakes as global allocators boost secondaries activity China Investment Corp. is close to completing the sale of about $1bn in US private equity stakes,…
Women’s Super League receives investment approach as clubs pursue long-term growth strategy The Women’s Super League has received an initial investment proposal but will delay any decision as it…
Permira Credit closes in on takeover of Berge&Meer as lenders shift into equity Permira Credit is in advanced talks to acquire German tour operator Berge & Meer, in a potential deal that…
Anta Sports explores potential Puma takeover as private equity partners circle Anta Sports is assessing a potential bid for Puma and may bring in a private equity partner as it weighs a takeover of…
Blackstone closes in on $4bn takeover of MacLean Power Systems Blackstone is close to acquiring MacLean Power Systems in a transaction that would value the US utility-parts manufacturer at more than…
Brookfield-GIC consortium moves on National Storage with A$4.02bn offer A consortium led by Brookfield and Singapore’s GIC has made a A$4.02bn ($2.61bn) offer to acquire National Storage REIT,…
From ABBA to heritage forests: the unexpected marriage driving the next wave of alternatives A growing number of LPs is looking for assets that sit outside public-market cycles, and yet that still…
Banks arrange $3.1bn financing package for Lone Star’s Hillenbrand take-private Bank of America and UBS are leading a $3.1bn debt package to finance Lone Star Funds’ proposed take-private of…
BlackRock targets major Saudi expansion as private capital demand accelerates BlackRock is preparing to significantly scale its investment footprint in Saudi Arabia, signalling plans to double or…
Bain Capital moves to sell $1.14bn Coherent block as firm continues stake reduction Bain Capital is preparing to offload 7.5 million Coherent Corp. shares in a block trade worth up to $1.14bn,…
Zegna reshapes leadership as Investindustrial and Temasek-backed group elevates next generation Ermenegildo Zegna has announced a major leadership transition as the luxury menswear group strengthens…
BlackRock looks to stretch investment window on Asia private credit vehicle BlackRock is asking investors to approve a 12-month extension for its Asia Pacific Private Credit Opportunities Fund II,…
Top private equity news of the week Blackstone has appointed Franck Petitgas as Senior Managing Director and Vice Chairman, Europe, a newly created role that will see him work with the firm’s…
Blue Owl explores reviving stalled merger of its private credit vehicles Blue Owl Capital is considering a renewed attempt to merge its two private credit vehicles, OBDC and Blue Owl Capital…
Revolut climbs to $75bn valuation with strong backing from global tech and PE investors Revolut has reached a $75bn valuation in its latest share sale, a sharp rise from the $45bn mark set last…
Real Madrid considers opening 5% stake to external investors as private equity interest in football grows Real Madrid is examining a plan to create a subsidiary that would allow external investors…
Europe doesn’t lack capital, it lacks “risk culture”, says Eurazeo Co-CEO Europe has all the right ingredients for stronger growth: skilled entrepreneurs, deep savings and a robust mid-market. Yet…
Boyu lines up Tencent and GIC as potential backers in major Starbucks China acquisition Boyu Capital is exploring the possibility of adding Tencent and GIC as limited partners in its planned…
General Atlantic marks Japan debut with $96m acquisition of SmartHR stake General Atlantic has made a US$96m strategic minority investment in SmartHR, marking the global growth equity firm’s first…
J.P. Morgan’s private equity group lands $1bn close for latest co-investment vehicle J.P. Morgan Asset Management’s Private Equity Group has closed PEG Co-Investment Fund II at $1bn, surpassing its…
Ardian prepares €1.5bn GBA sale as Morgan Stanley and Macquarie join process Ardian has hired Morgan Stanley and Macquarie to assess a potential sale of GBA Group in a transaction that could value…
Brookfield launches $100bn AI infrastructure drive with NVIDIA and KIA Brookfield has unveiled a $100bn AI infrastructure programme backed by NVIDIA and the Kuwait Investment Authority. The…
TPG and La Caisse partner with Pike management to scale US energy-infrastructure services TPG and La Caisse have agreed to acquire a majority stake in Pike Corporation in a deal completed alongside…
Leonard Green takes control of Topgolf in $1.1bn carve-out from Callaway Leonard Green Partners has agreed to acquire 60% of Topgolf in a transaction valuing the business at $1.1bn, according to a…
Warburg Pincus accelerates fundraising with $12bn first close on new global vehicle Warburg Pincus has gathered more than $12bn for the first close of its new global private equity fund, securing…
Bain Capital steps in as Clearlake exits Concert Golf after doubling the business Clearlake Capital has sold its stake in Concert Golf Partners to Bain Capital, marking a new chapter for the private…
Thoma Bravo makes offer to acquire Clearwater Analytics as software take-private race intensifies Thoma Bravo has submitted an offer to acquire Clearwater Analytics, becoming the latest private…
KKR pushes toward December finish for its next Asia credit fund KKR is aiming to close its second Asia-focused private credit fund in December as the firm expands its lending footprint across the…
Top private equity news of the week Permira is in advanced talks to sell Italian luxury sneaker brand Golden Goose to HongShan Capital Group, in a deal expected to value the company at more than…
Private equity-backed York Space Systems files for US IPO as listing window reopens York Space Systems, a private equity-backed satellite provider, has filed for an initial public offering in the…