TPG records $199 million earnings in first quarter since IPO
TPG said on Tuesday its after-tax distributable earnings rose to $199 million in the first quarter, up from $65 million a year earlier, adding that its private equity and impact investing businesses had delivered strong growth in asset sales. TPG’s result exceeded the average analyst estimate of $149 million calculated by financial data provider Refinitiv. […]
Apollo Considers IPO for Golfing Chain ClubCorp at $4.5 Billion Value
Apollo Global Management Inc. is weighing an initial public offering as early as this year for ClubCorp, the country club operator it took private in 2017, according to people familiar with the matter. The private equity firm is working with advisers on a process for the Dallas-based company, said the people, who asked to not […]
Bain Capital-backed blank-check firm scraps U.S. IPO plans
A blank-check vehicle backed by venture capital firm Bain Capital has withdrawn plans for a U.S. initial public offering, according to a regulatory filing on Tuesday, joining a slew of companies that have canceled listings this year. The special purpose acquisition company (SPAC) which had filed to float its shares in March last year looking […]
Apollo-Backed Lender OLB Picks Banks for Possible IPO
Oldenburgische Landesbank AG, the private equity-backed German lender, selected banks to advise on a potential initial public offering as dealmaking in the country’s finance industry intensifies, people with knowledge of the matter said. OLB is working with Deutsche Bank AG, Goldman Sachs Group Inc. and UBS Group AG as it explores options including a listing, […]
Blackstone-Backed Asian Buyout Firm PAG Files for $2 Billion IPO
PAG has filed for an initial public offering that could value the Asia-focused private equity firm at about $20 billion, people with knowledge of the matter said. The investment firm submitted a listing application to the Hong Kong stock exchange on Friday, according to the people, who asked not to be identified because the information […]
Blackstone Mortgage Trust Announces Pricing of Public Offering of Convertible Senior Notes
Blackstone Mortgage Trust, Inc.today announced the pricing of an underwritten public offering of $300 million aggregate principal amount of its 5.50% convertible senior notes due 2027 (the “Notes”). The offering is expected to close on March 29, 2022 and is subject to customary closing conditions. The offering will generate gross proceeds of approximately $300 million, […]
Indonesian superapp GoTo looks to raise $1.3bn in IPO
GoTo, Indonesia’s biggest start-up, plans to raise up to $1.3bn in an initial public offering, as it looks to shrug off a global decline in technology stocks and lure investors who want to cash in on the country’s booming digital economy. The group, formed last year following an $18bn merger of superapp Gojek and ecommerce […]
Clearlake Capital-backed Wellness Pet Preps IPO to Raise Over $600m
Wellness Pet, a pet-food maker backed by private equity firm Clearlake Capital Group, is preparing to go public in the U.S. as soon as this year, according to people with knowledge of the matter. The Tewksbury, Massachusetts-based company plans to seek more than $600 million in the initial public offering the people said, asking not […]
L Catterton Hires Goldman, Morgan Stanley for Possible $3bn Summer IPO
L Catterton, the private equity firm backed by French billionaire and LVMH chief Bernard Arnault, is said to be considering an initial public offer this year that could value the firm at $3bn or more. The PE firm recently hired Goldman Sachs and Morgan Stanley to lead an IPO that could happen this summer, according […]
MeinAuto drives for $1 billion sale after scrapping IPO
German online car dealer MeinAuto is preparing to put itself up for sale after being forced to scrap plans for a stock market listing last year amid an industry downturn, according to four sources familiar with the matter. Hg aims to get up to 1 billion euros ($1.13 billion) in a sale, according to two […]
