Private equity funds ready French soccer media rights bids
Buyout funds including CVC Capital Partners and Bain Capital are lining up preliminary bids for a stake worth some 1.5 billion euros (US$1.7 billion) in the French football league’s media rights business, four sources told Reuters. Advent, Apollo, Bridgepoint, EQT, KKR and Silver Lake are also looking to submit offers for a stake of up […]
Tesla’s Musk sells shares worth nearly $12 bln in a month
Tesla Inc Chief Executive Officer Elon Musk has sold nearly $12 billion worth of shares over the past month since the world’s richest person polled Twitter users about offloading 10% of his stake in the electric-car maker. On Thursday, the billionaire sold another 934,091 shares for $963 million to pay for taxes on the exercise of […]
ACCC approves mammoth $23.6b private equity takeover of Sydney Airport
One of the biggest corporate deals in Australian history is a step closer after the competition regulator gave it the green light. Australia’s biggest airport is a step closer to an historic buyout after the competition regulator approved its $23.6b sale to a private equity consortium. Among the proposed group of buyers are IFM’s Australian […]
Blackstone to buy GIC’s stake in Australian logistics trust for $1.5 bln
Blackstone Inc said on Friday it would buy Singapore wealth fund GIC’s 49% stake in an Australian logistics trust for A$2.1 billion ($1.50 billion), as the U.S. private-equity giant looks to tap into the country’s fast-growing e-commerce market. The deal for the stake in Dexus Australia Logistics Trust (DALT) will be the largest investment in Asia […]
Vivendi accelerates Lagardere purchase, extending media empire
Vivendi will buy activist fund Amber’s stake in Paris Match owner Lagardere “in the coming days,” it said on Thursday, accelerating a deal that would extend its influence over French media ahead of next year’s presidential election. Vivendi announced in September its plan to acquire Amber’s almost 18% stake in Lagardere for 24.10 euros per share […]
Kuwait telecom Zain receives $1.3 bln offer for Sudan business
Kuwait-headquartered Zain said on Thursday it had received a non-binding $1.3 billion offer for the telecom group’s Sudanese business from a subsidiary of Sudan’s DAL Group. Zain’s board has agreed to complete due diligence on the offer from DAL Group’s Invictus Holding Ltd for Zain Sudan and Kuwait Sudanese Holdings, it said in a bourse […]
Riverside acquires milliCare
The Riverside Company, a global private investor focused on the smaller end of the middle market, has invested in milliCare, a floor and textile care franchise brand, from Milliken & Company. The company is an add-on investment to Riverside’s Clintar platform, offering franchise solutions for a wide network of commercial property maintenance and cleaning services […]
KKR launches Stellar Renewable Power
Global investment firm KKR has launched Stellar Renewable Power (Stellar), a new platform that will source, develop and operate utility-scale solar plants and storage facilities on behalf of KKR’s Asset-Based Finance (ABF) strategy. Stellar will source opportunities through greenfield development and acquisitions of early-stage assets from other developers. Vijay Venkatachalam, a renewable energy expert with […]
EQT Growth leads EUR235m Mambu Series E round at EUR4.9bn valuation
EQT Growth has led a EUR235 million Series E funding round in SaaS banking platform Mambu, the largest financing round to date for a banking software platform. The funding brings the company’s valuation to EUR4.9 billion post money, making it one of the highest-valued B2B SaaS companies founded in Europe. Mambu will use its fresh […]
Nickel Mines to buy 70% stake in Indonesia project for $525 mln
Australia’s Nickel Mines Ltd said on Wednesday it would acquire a 70% stake in the Oracle Nickel project in Indonesia in a $525 million deal, as it sets its eyes on becoming a global top-10 producer of the commodity. Under the deal, Nickel Mines will pay investment firm Shanghai Decent Investment (Group) Co Ltd US$371 million […]
