New Frontier receives proposal to go private in nearly $1.72 billion deal
New Frontier Health Corp said on Wednesday it received an offer to be bought out by a consortium of investors in a deal that values the healthcare service provider at nearly $1.72 billion. The company said in a statement it received a preliminary non-proposal binding letter from a buyer-group, including President Carl Wu, Carnival Investments, […]
Talos, Enauta consortium places bid for Petrobras Albacora fields
A consortium of Talos Energy Inc, private equity firm EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA has submitted a non-binding offer for Brazilian oilfields Albacora and Albacora Leste, four sources familiar with the matter told Reuters. The exact value of the bid submitted to Brazil’s state-led oil company […]
Private equity groups battle for €1bn AIB problem mortgages
Private-equity giants in the United States Apollo and Lone Star are the final bidders vying to acquire a portfolio of deep-in-arrears AIB home loans that were originally worth about €1 billion, according to sources. AIB set about selling the portfolio, dubbed Project Oak, early last year but postponed the deal as it diverted resources to […]
Billionaire Asda buyers raise £2.75bn in record sterling junk bond sale
The private equity-backed billionaires buying Asda have raised the largest-ever sterling junk bond, with investors piling in to the £2.75bn debt sale backing the UK’s biggest leveraged buyout in more than a decade. The new junk bond is the centrepiece of an intricate series of debt deals and asset disposals through which Blackburn-based brothers Mohsin […]
Blackstone Said Buying Warburg Pincus India Logistics JV for $700M
Already India’s largest office landlord, Blackstone may soon become the country’s biggest warehouse owner through the purchase of a 22 million square foot (2 million square metre) logistics joint venture, according to local news reports. Having acquired more than 1 billion square feet of warehouses globally over the past decade, Blackstone is said to be […]
L Catterton Inches Ahead in $5 Billion Birkenstock Bidding
L Catterton, the private equity firm backed by luxury French fashion house LVMH, is starting to pull ahead in the bidding for iconic German sandal maker Birkenstock, people with knowledge of the matter said. Birkenstock’s owners are currently focusing on negotiations with L Catterton as they prefer the investment firm’s track record buying and expanding […]
Advertising platform Magnite buys SpotX from RTL for $1.17 billion
U.S. advertising platform Magnite has agreed to buy video advertising group SpotX from European broadcaster RTL Group for $1.17 billion, it said on Friday, aiming to create a leading interactive advertising platform. The purchase price comprises $560 million in cash and 14 million shares of Magnite stock, RTL said. The combination of Magnite and SpotX […]
Rivals Blackstone and GIP join forces with Bill Gates in £3.5bn Signature Aviation offer
Private equity groups end their battle for control of the UK-listed private jet services group. Blackstone and Global Infrastructure Partners have ended their takeover battle for the UK-listed private jet services company Signature Aviation, agreeing to join forces in a new £3.5bn bid for the company. The two private equity groups, together with Bill Gates’ […]
CVC in talks to buy stake in San Antonio Spurs at $1.3bn valuation
Private equity group seeks minority holding as US basketball league opens door to institutional investors. CVC Capital Partners is in talks to buy a minority stake in the San Antonio Spurs at a roughly $1.3bn valuation, in a move that signals how private equity is poised to reshape the ownership structures of National Basketball Association […]
Mediobanca’s Cairn Buys Blackstone-Backed Hedge Fund Bybrook
Credit fund to take over distressed debt fund manager. Cairn to manage $8 billion of assets after acquisition. Mediobanca SpA’s credit fund Cairn Capital has agreed to buy Bybrook Capital, a distressed debt fund backed by Blackstone Group Inc., to expand its offering of alternative investments. The acquisition, set to complete by the end of […]
