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I Squared Weighs Stake Sale in $1bn India’s Think Gas
I Squared Capital is considering selling a minority stake in Think Gas Distribution Pvt. that could value the Indian natural gas supplier at more than $1bn, according to people familiar with the...
Ares Faces Its Biggest Decision Yet: Stick With Private Credit or Become an Alts Supermarket
Ares Management Corp. faces the sort of quandary that other financial firms might find enviable. It has vaulted to the top rungs of the alternative-asset management world by focusing on what it does...
What Does Private Equity See in Football?
It’s easy to understand why super-wealthy individuals or oil-rich nations might want to buy football clubs. There’s the glamor of associating with a sport followed by billions of fans and, for...
Investcorp distributed $1.2bn to GCC investors over past 12 months
Investcorp, an alternative asset manager that counts Mubadala Investment Company as its biggest shareholder, has distributed $1.2bn in total to its GCC-based investors over the past 12 months,...
Mirova raises $171m at first closing of Gigaton Fund 1
Mirova, the affiliate of Natixis Investment Managers dedicated to sustainable investment, raised $171m in the first closing of a blended finance debt fund that aims to accelerate the clean-energy...
Brookfield looks to put $1bn in Avaada
Canadian investor Brookfield is in advanced discussions to invest up to $1bn through multiple tranches in Avaada Ventures, parent entity of Avaada Group. The infusion will fund the group's solar...
Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans
Private equity firms Apollo Global Management and KKR are among the parties reviewing a book of loans held by Silicon Valley Bank, people familiar with the discussions told CNBC. Two of those people...
Apollo Global to Buy Univar in $8.1bn Deal
Apollo Global Management has agreed to acquire chemical maker Univar Solutions Inc. for $8.1bn including debt. Univar shareholders will receive $36.15 a share, the companies said in a statement. The...
Blackstone to sell stake in Sona Comstar for $640m
Blackstone, the world’s largest alternative asset manager, is selling its remaining stake in Sona BLW Precision Forgings for $640m, two people aware of the deal said. The sale of shares through...
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Apollo Global Management Takes Univar Solutions Private In $8.1bn All-Cash Transaction
Apollo Global Management has agreed to acquire chemical and ingredient distributor Univar Solutions in an all-cash transaction that values the company at an enterprise value of approximately $8.1bn....
Gulf buy-now-pay-later firm Tamara in $150m funding deal with Goldman Sachs
Gulf-based Tamara, a buy now, pay later (BNPL) company, said on Thursday it had agreed an up to $150m funding facility with Goldman Sachs to help finance its growth. The loan, known as a receivables...
Abu Dhabi Investment Authority investing $500m in Indian eyewear brand Lenskart
The Abu Dhabi Investment Authority (ADIA), which is a sovereign wealth fund owned by the Emirate of Abu Dhabi, investing $500m in Indian eyewear retailer Lenskart, the company said Thursday, 16...
“World’s largest” ocean health fund secures €170m
Swen Capital Partners has raised €50m more than expected for its Blue Ocean Fund and declared the fund the world's largest venture capital vehicle investing in ocean regeneration. Swen said it had...
PE firm CVC buys $155m minority stake in Indonesia’s Samator Indo Gas
Private equity firm CVC Capital Partner said on Thursday it had acquired a "minority stake" in Indonesian gas company PT Samator Indo Gas from existing shareholders for $155m. The deal marks CVC's...
AnaCap sees 4x return on private health co exit
AnaCap Financial Partners (AnaCap), a private equity firm focused on investments in across software, technology and services in the financial services sector, is to sell of Oona Health, a Danish...
Blackstone acquires Cvent in $4.6bn transaction
In a transaction which takes the company private, event-software provider Cvent is to be acquired by Blackstone for approximately $4.6bn. Under the terms of the definitive agreement, Cvent...
UK events company Hyve Group sold to US private equity firm at a £481m valuation
The events organiser Hyve Group has become the latest UK company to be sold to a private equity firm, sending its shares sharply higher. In a joint statement, the US firm Providence Equity Partners...
Inflexion sells Mobica in £250m deal for second exit of the year
Inflexion is pleased to announce it has completed the sale of its investment in Mobica, a global software development and integration services specialist, to Cognizant, a US-based NASDAQ-listed...
STG Partners leads $1.5bn buyout of SurveyMonkey maker Momentive
SurveyMonkey owner Momentive Globa on Monday said it would be acquired by a consortium led by private equity firm Symphony Technology Group in an all-cash deal that values the company at about...
Cinven seeks to take Synlab private again, two years after IPO
German laboratory equipment producer Synlab said on Monday that UK private equity firm Cinven had submitted a non-binding offer to fully take over the company at 10 euros per share. "This expression...
Carlyle Agrees to Sell PrimeFlight Aviation Services to The Sterling Group and Capitol Meridian Partners
Funds managed by global investment firm Carlyle announced a definitive agreement to sell PrimeFlight Aviation Services to Capitol Meridian Partners and The Sterling Group. PrimeFlight is a global...
The Riverside Company Closes Micro-Cap Fund VI at Historic $1.9bn
The Riverside Company, a global private investor focused on the smaller end of the middle market, announced the successful final close of its Riverside Micro-Cap Fund VI, raising $1.9bn in...
Platinum Equity exits Diversey to Solenis for $4.6bn
Solenis and Diversey Holdings announced they have entered into a definitive merger agreement under which Solenis will acquire Diversey in an all-cash transaction valued at an enterprise value of...
Republic First Announces $125m Equity Capital Raise to Drive Profitability
Republic Bank announced it has entered into a definitive agreement with certain accredited investors for a private placement of equity securities of the Company in the aggregate amount of $125...
China’s Shein set to raise $2bn in new funding round, aims for U.S. IPO later this year
Chinese online fashion retailer Shein is set to raise around $2bn in a new funding round this month and is aiming for a U.S. listing in the second half of this year, three people with knowledge of...
WTA Signs $149m Deal With CVC
WTA has announced a new investment agreement with CVC Capital Partners for $149 million. CvC Capital is a private equity firm that previously owned Formula 1 and has also invested in rugby, cricket...
Insurance software on the block as private equity looks to cash in
European buyout houses Montagu Private Equity and Astorg Partners are preparing to hang the "for sale" sign on their UK insurance software investments, hoping to woo insurers and fellow private...
Permira Closes Buyout Fund Above Target at €16.7bn
Permira, the global private equity firm, today announced the final close of its latest flagship buyout fund, Permira VIII, with total capital commitments of €16.7bn. The Fund saw strong demand from...
Private equity firms lend less as demand cools
Private equity firms that have for years capitalized on the regulatory woes of banks by becoming lenders to risky leveraged buyouts are doing less business just as higher interest rates have made...
Bed Bath & Beyond raises $135m more to aid turnaround effort
Bed Bath & Beyond said on Wednesday it had raised another $135m in an equity offering and was in the process of rebuilding its business after teetering on the brink of bankruptcy. The retailer...
Italy’s Serie A to discuss financing options for media business
Italy's Serie A will on Monday ask its 20 clubs whether they want to kick-off a process to study proposals by private equity firms and banks interested in investing in the top flight soccer league's...
Virgin Australia talking to banks for $300m loan ahead of IPO
Virgin Australia is in talks with banks for a loan of up to $296.4m to pay its private equity owner Bain Capital before the airline's re-listing planned for later this year, two sources with direct...
Australia’s InvoCare receives $1.22bn bid from TPG
Australian funeral services provider InvoCare said on Tuesday it received a non-binding takeover offer from U.S. private equity firm TPG Global for $1.22bn, sending its shares 39.1% higher. Shares...
BlackRock Lures European Wealthy With New Private Equity Funds
BlackRock is starting two private equity funds targeting wealthy individuals in Europe, as the world’s largest asset manager seeks to tap rising appetite for alternatives among the rich. The New...
Permira studying Gruppo Florence’s books for possible buy
Gruppo Florence, a hub of Italian clothing manufacturers that supply top luxury brands, has given private equity firm Permira access to its books to facilitate a potential sale, two sources close to...
Qualtrics buyout for $12bn could set take-private record for 2023
Software deals have been dominating the biggest PE-led take-private deals, and Silver Lake's newest target is no exception. On Monday, B2B SaaS company Qualtrics received a $12.4bn buyout offer from...
Goldman Sachs Asset Management, Bain among bidders for Subway
Goldman Sachs Asset Management and Bain Capital are among those interested in acquiring the Subway sandwich chain, according to a new report from United Kingdom-Based Sky News. Other potential...
WHP Global valued at $1.6bn after investment from Ares PE unit
WHP Global said on Wednesday its valuation rose to $1.6bn after the New York-based brand management firm raised fresh capital from funds managed by the private equity unit of Ares Management...
Britain’s Wood Group may reject $1.98bn Apollo buyout proposal
John Wood Group said it may reject a sweetened $1.98bn buyout proposal from private-equity firm Apollo Global Management, as it still undervalued the British oilfield services and engineering...