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 […]
Carlyle-backed battery storage developes NineDOT racks up $225m
NineDot Energy, a New York City-based developes of community-scale battery energy storage systems, has secured $225 million in funding from Manulife Investment Management and Carlyle, NineDot’s existing institutional equity investor. With this investment, Manulife Investment Management has acquired an equity stake in NineDot. Christopher McKenzie, a Managing Director on Manulife Investment Management’s infrastructure team, will […]
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 […]
Goldman Sachs Asset Management raises $650 mln for life sciences fund
Goldman Sachs Asset Management said on Wednesday it had raised $650 million for a new fund that will invest in startups related to the life sciences sector. The fund, West Street Life Sciences I, will specifically target early to mid-stage therapeutic companies with multi-asset portfolios as well as tools and diagnostics firms. “Life sciences represents […]
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 […]
Cinven raises $14.5 billion for the Eighth Cinven Fund
International private equity firm Cinven announces the final close of its latest flagship fund, the Eighth Cinven Fund (‘Fund 8’), having raised $14.5 billion (€13.2 billion) and reached the hard cap. Fund 8 is nearly 30% larger than its 2019 vintage predecessor fund, Fund 7, for which Cinven also reached the hard cap. Stuart McAlpine, […]
Animal drugs maker Dechra agrees to lower £4.5bn takeover by Swedish private equity firm EQT
Animal drugs maker Dechra Pharmaceuticals has agreed to a £4.5billion takeover by EQT despite the Swedish private equity firm cutting its offer. The board of Dechra announced it has recommended that shareholders accept a £38.75 a share offer, valuing the company at £4.46billion. Earlier this month Dechra, which makes medicines and treatments for pets and […]
Warburg and Advent in the lead to acquire Baxter’s biopharma unit
A private equity consortium comprising Warburg Pincus and Advent International is in advanced talks to acquire medical device maker Baxter International Inc’s (BAX.N) biopharma solutions business in a deal that could reach or exceed $4 billion, people familiar with the matter said on Sunday. Warburg Pincus and Advent have submitted the most attractive offer to […]
