Sunset Studios to Spend Almost $1 Billion on New U.K. Film Studio

Blackstone Group Inc. and Hudson Pacific Properties will spend more than 700 million pounds ($974 million) to build a film studio north of London, taking advantage of a shortage in production capacity after streaming services ramped up demand for original content. Blackstone and Los Angeles-based studio operator Hudson Pacific bought the 91-acre (368,260 square-meter) site […]

Morrisons counterbid set to come from another US private equity giant

American private equity firm Clayton, Dubilier & Rice (CD&R) is reportedly preparing to submit a counterbid for British supermarket chain Morrisons, after a £6.3bn bid from a rival. US buyout giant Fortress had a £6.3bn bid for Morrisons provisionally accepted last month, after weeks of takeover rumours. The Sunday Times reports today that CD&R are […]

Riverside Company invests in MDoutlook

The Riverside Company, a global private investor focused on the smaller end of the middle market, has invested in MDoutlook, a provider of precision intelligence solutions that help life sciences companies develop and commercialise therapeutics and diagnostics in oncology. This is an add-on to Riverside’s Clinical Education Alliance, LLC (CEA) platform, a leading healthcare professional […]

Neuberger Berman MLP And Energy Income Fund Announces Monthly Distribution

Neuberger Berman MLP and Energy Income Fund Inc. (NYSE American: NML) (the “Fund”) has announced a distribution declaration of $0.0163 per share of common stock. The distribution announced today is payable on August 31, 2021, has a record date of August 16, 2021 and has an ex-date of August 13, 2021. Due to changes that may […]

CVC-backed German gambling group Tipico joins £1.5bn race for William Hill

Tipico Group is among the frontrunners to buy William Hill’s British betting shops and online operations for more than £1.5bn, Sky News learns. A German sports-betting group owned by one of the world’s largest private equity firms has joined the £1.5bn race to take control of William Hill’s operations in Britain. Sky News has learnt […]

Astorg and Bridgepoint complete Fenergo acquisition

Astorg and Bridgepoint have completed their acquisition of Fenergo, a provider of Know Your Customer (KYC) and Client Lifecycle Management (CLM) software solutions for financial institutions, following approval by the European Commission. Entering its third chapter of growth, Fenergo reinforces its commitment to developing innovative, digital solutions that equip financial institutions with the tools to […]

Law firm trio advise on $4.5 billion vacation rental SPAC deal

Weil, Gotshal & Manges has a new SPAC deal under its belt, advising special purpose acquisition company TPG Pace Solutions on its $4.5 billion purchase of vacation rental firm Vacasa, which is represented by Latham & Watkins. Mayer Brown is representing TPG Pace Solutions’ capital markets advisers. Latham & Watkins currently has handled the most […]

Blackstone appoints Head of Blackstone Innovations Investments

Blackstone has appointed Stevi Petrelli as Head of Blackstone Innovations Investments (BXI Investments) where she will be responsible for overseeing the firm’s internal investments in early-stage PropTech, Enterprise Tech, Cybersecurity and FinTech companies. Petrelli has joined as a Managing Director and, in this newly created role, will work across Blackstone’s Technology & Innovations, Growth, Real […]

FRP advises on deals worth GBP1.9bn in last 12 months

Specialist business advisory firm FRP has reported a record 12 months during which its corporate finance and debt advisory team advised on 81 transactions with a combined enterprise value of GBP1.9 billion. The news follows a record period of growth for the firm, which has seen its corporate finance and debt advisory team treble in […]