Ares hands back control of company it seized from Novalpina buyout fund
Private markets group reaches ‘mutually agreeable resolution’ over French drugmaker Laboratoire XO Ares Management is to hand back control of a French drugmaker it seized from the crisis-hit €1bn private equity fund that owns spyware maker NSO Group, paving the way for a sale that could return cash to investors. The US private markets giant […]
KKR Acquires Seven Industrial Buildings Serving Dallas Forth Worth and Atlanta Markets for Approximately $272 Million
KKR, a leading global investment firm, today announced the purchase of seven industrial distribution buildings totaling nearly 1.8 million square feet (SF) serving the Dallas Forth Worth and Atlanta markets. The assets were acquired in three separate transactions with different sellers for an aggregate purchase price of approximately $272 million. All three purchases were made […]
MetLife Investment Management closes $1.6 billion MIM Private Equity Partners Fund
Fund closing marks the launch of a broader private equity investment platform for institutional investors MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc., announced the launch of a private equity fund investment platform for institutional clients in concert with the closing of approximately $1.6 billion in commitments to a new MIM-managed […]
German first-quarter dealmaking slides to six-year low due to Ukraine war jitters
Mergers and acquisitions in Germany in the first three months of 2022 have dropped 10% from the same period in 2021 in what has been the slowest start to a year since 2016 due to market uncertainty caused by Russia’s invasion of Ukraine. Equity capital markets in the euro zone’s biggest economy have been hit […]
CVC running its eye over reorganisation at Italy’s TIM
CVC Capital Partners has been looking at the reorganisation under way at Telecom Italia (TIM) for some time but has taken no decision on its next move, a spokesperson for the private equity firm said on Wednesday. TIM, Italy’s largest telecoms group, has already received an approach from U.S. fund KKR about a 10.8 billion […]
Hellman & Friedman Targets More Than $30 Billion for Record Fund
The firm has begun pre-marketing to potential investors ahead of plans to formally launch fundraising efforts during the fourth quarter, one of the people said, asking not to be identified discussing private talks. Terms, including the size of the fund, aren’t finalized and could still change. A representative for San Francisco-based Hellman & Friedman declined […]
Goldman Sachs Asset Management launches investment grade debt private placements capability
Goldman Sachs Asset Management (Goldman Sachs) has launched a new investment capability focused on investment grade private placement debt for the firm’s insurance, pension and sovereign wealth clients. The Debt Private Placement Investors (DPPI) platform will originate and manage 4(a)(2) and select 144a Private Placement (PP) investments. The launch adds an important investment offering to […]
Private equity bought £11.9bn worth of European oil and gas businesses last year as shift to renewable energy left industry assets looking cheap
Private equity funds bought £11.9billion worth of European oil and gas businesses last year as the shift to renewable energy left industry assets looking cheap. UK businesses made up five of the 12 deals completed in Europe, totalling around £2.4billion, according to research from law firm Mayer Brown. Mayer Brown partner Bob Palmer noted that the […]
Buyout tycoon Hands plots £300m takeover of East Anglia housebuilder Hopkins Homes
Guy Hands’ Terra Firma Capital Partners wants to combine Hopkins Homes with Tilia Homes, the former housebuilding arm of support services group Kier, Sky News understands. Guy Hands, the private equity tycoon, is plotting the £300m takeover of East Anglia’s biggest private housebuilder as he tries to create an industry powerhouse. Sky News has learnt […]
Booking Holdings Enters Into An Agreement With CVC Capital Partners To Acquire Etraveli Group for $1.83 billion
Booking Holdings Inc. (NASDAQ: BKNG) today announced that it has entered into an agreement with funds managed by CVC Capital Partners (“CVC”) to acquire global flight booking provider, Etraveli Group, for approximately €1.63 billion. Completion of the acquisition is subject to certain closing conditions, including regulatory approval. Already a partner of Booking.com – helping power its […]
