Mubadala joins consortium to take 47% stake in South Korean Botox maker
Mubadala Development Company, Abu Dhabi’s sovereign investment arm, and a group of other investors have bought a 46.9% stake in South Korean Botox maker Hugel. The consortium led by CBC Group, Asia’s largest healthcare investment company, signed a “definitive agreement” to acquire the stake in Hugel, which has a market capitalization of $2.5 billion, Mubadala […]
Blackstone in talks to buy Baring’s Interplex for at least $1 bln
Blackstone (BX.N) is in talks to acquire Interplex Holdings, a Singapore-based technological services provider owned by Baring Private Equity Asia (BPEA), in a deal worth at least $1 billion, according to two people with knowledge of the matter. Final negotiations could still take weeks and there is no certainty in a deal yet, said the […]
Goldman Sachs to acquire NN Investment Partners for $1.9bn
Goldman Sachs Group has agreed to buy the money-management operation of Dutch insurer NN Group for about $1.9bn (€1.6bn). The transaction is expected to close by the end of the first quarter of next year, subject to regulatory approvals. Netherlands-based NN Investment Partners has $355bn in assets under the supervision and approximately $70bn in assets […]
Wall Street major Blackstone in exclusive talks to acquire majority stake in ASK Group
US-based private equity (PE) firm Blackstone is reportedly in exclusive talks to buy a majority stake in asset and wealth management company ASK Group, which is backed by rival PE player Advent International. The proposed transaction will value the ASK Group at around $1 billion. After the submission of binding bids by several suitors, Blackstone […]
CVC Capital Completes $700M Purchase of RiverStone Europe from Fairfax and appoints Chair
CVC Capital Partners (CVC) funds have completed the acquisition of RiverStone Europe from Fairfax Financial Holdings Limited (Fairfax) and OMERS, the pension plan for Ontario’s municipal employees. The RiverStone Europe Group will now operate under the name RiverStone International. The purchase price of the acquisition is approximately US$700 million. Fairfax also will be entitled to […]
BlackRock Real Assets buys stake in Australian EV charging provider JOLT Charge
BlackRock Real Assets, the realty investment arm of global asset manager BlackRock, has acquired an equity stake in Australian electric vehicle charging provider JOLT Charge, according to an announcement. This marks the first investment in the EV charging sector by BlackRock Real Assets in the APAC region from its latest Global Renewable Power strategy. The […]
Spark accepts $5.2bn takeover bid from American consortium
Australian electricity network owner Spark Infrastructure has accepted a $5.2 billion takeover bid from a North American consortium led by private equity giant Kohlberg Kravis Roberts & Co. On Monday, Spark Infrastructure announced the finalisation of its takeover by a North American consortium, comprised of Kohlberg Kravis Roberts & Co, Ontario Teachers’ Pension Plan Board, […]
LeapFrog acquires 16.94% stake in Fidelity Bank Ghana Limited
LeapFrog Investments, a Profit with Purpose investment firm, has acquired a 16.94 per cent stake in Ghana’s largest privately-owned bank, Fidelity Bank Ghana Limited from Amethis, an investment fund manager dedicated to the African continent, and Edmond de Rothschild Equity Strategies (ERES), a mid-cap growth and buy-out franchise affiliated with the Edmond de Rothschild Group, […]
Sainsbury’s could be next in line for private equity interest
With Morrisons already in a bidding war, UK supermarkets are attracting returns-hungry investors Sainsbury’s could be on the shopping list of private equity outfits as the race to buy Morrisons highlights the attractiveness of the big supermarket chains to investors. Last week the buyout firm Clayton, Dubilier & Rice (CD&R) won the backing of the Morrisons board for its […]
Morrisons agrees to £7bn takeover deal by US equity group CD&R
Morrisons (MRW.L) has agreed to a £7bn ($9.5bn) takeover by US private equity group Clayton, Dubilier & Rice (CD&R), which upped its bid for the supermarket chain, taking on rival suitor Fortress Investment Group. Morrisons’ share price surged 4.5% on Friday morning. Earlier, CD&R had made an offer of 230p a share, which valued Morrisons […]
