Blackstone buys Toronto rental development company in a US$3.5-billion deal
New York-based Blackstone, the world’s largest alternative asset manager, says it will pay about US$11.25 per common share for Tricon Residential Inc. which equates to a US$3.5 billion equity transaction. Blackstone will take the Toronto-based rental development company private. Tricon is an owner, operator and developer of about 38,000 single-family rental homes in the U.S. […]
Kaman to be Acquired by Arcline for $1.8 Billion
Arcline acquires KAMAN, in an all-cash transaction with a total enterprise value of approximately $1.8 billion. KAMAN will become a a private held company, upon completion of the transaction. Arcline is a growth-oriented private equity firm with deep experience investing in technology-driven, meaningful-to-the-world industrial businesses. “Following robust engagement with Arcline and careful evaluation of other […]
Blackstone makes first investment in Japan’s fintech sector
Blackstone is seizing this opportunity by acquiring a majority stake in Sony Payments Services (SPSV) from Sony Bank, a subsidiary of Sony Group. The deal was announced in December. It marks the private equity firm’s first investment in the financial technology sector in Japan. Sony Bank, which established the payment service business in 1995 and […]
BlackRock bets on infrastructure in $12.5bn deal
BlackRock has agreed to acquire Global Infrastructure Partners, a New York City-based infrastructure fund manager, in a $12.5 billion cash-and-stock deal. The GIP management team, led by Bayo Ogunlesi and four of its founding partners, will lead the combined infrastructure platform. BlackRock has also agreed to appoint Bayo Ogunlesi, GIP founding partner, chairman and CEO […]
Blackstone pays $2.4bn for minority stake in NiSource unit
Blackstone’s infrastructure unit has agreed to invest $2.41bn in Northern Indiana Public Service Company, a unit of NiSource. NiSource said an affiliate of Blackstone Infrastructure Partners will pay $2.16bn for a 19.9% indirect non-controlling equity interest in Northern Indiana Public Service Company. Blackstone also made an additional equity commitment of $250m to fund ongoing capital […]
PE firm CVC buys $155 mln minority stake in Indonesia’s Samator Indo Gas
Private equity firm CVC Capital Partner said it had acquired a “minority stake” in Indonesian gas company PT Samator Indo Gas (AGII.JK) from existing shareholders for $155 million. The deal marks CVC’s eighth investment in Indonesia, the largest economy in Southeast Asia, since 2010, it said in a statement CVC’s other investments in Indonesia includes […]
Euroclear moves into $9.8 trillion private asset market with Goji buy
Private market assets are currently valued at $9.8 trillion and are expected to grow to $14.4 trillion by 2025. This increasing demand is driving innovation and a need for increased efficiencies in the space. The combination of Euroclear’s open infrastructure and Goji’s innovative technology will provide a digital platform enabling end to end access to […]
Warburg Pincus acquires K2 Insurance Services from Lee Equity Partners
Warburg Pincus has acquired K2 Insurance Services (K2), a speciality insurance programme manager, from private equity firm Lee Equity Partners (Lee Equity), according to a report by Captive Insurance Times The report cites a statement issued by K2 as saying that Warburg Pincus will now support the firm’s continued growth strategy, including mergers and acquisitions. […]
CVC, HPS to buy stake in Authentic Brands at $12.7 bln valuation
Authentic Brands Group Inc (ABG) (AUTH.N) said in a statement that private equity firms CVC Capital Partners and HPS Investment Partners had agreed to buy a significant stake in a deal that values the brand developer at $12.7 billion on an enterprise value basis. The Forever 21 owner also postponed its U.S. initial public offering (IPO) announced […]
Kian Capital Partners Completes Exit of Westcoast Gate to Aurora Capital Partners
Kian Capital Partners (“Kian”), a middle-market focused private investment firm, announced today it has exited its investment in Westcoast Gate & Entry Systems (“Westcoast Gate”) through a sale to Aurora Capital Partners. Westcoast Gate is a premier regional provider of mission critical gate automation services to high-end residential, HOA and commercial customers across Southern California. Recognizing a […]
