CVC invests £250m in Away Resorts
Private equity firm CVC Capital Partners has invested £250 million in UK holiday park operator Away Resorts to secure a majority stake in the business. According to sources close to the transaction, the investment is close to four times the amount invested by buyout firm Freshstream in 2019. Away Resorts founder and chief executive, Carl […]
JPMorgan Asset Management buys timber investment firm with $5.3bn AUM
One of the biggest names on Wall Street is getting into the timber business, and a big part of its plan to make money involves less logging. JPMorgan Asset Management said on 21 June that it has acquired Campbell Global a Portland Oregon, firm that manages $5.3bn worth of timberland on behalf of institutional investors, […]
Blackstone Plans Subsidiary to List in the US Capital Markets
Blackstone Resources AG (SWX: BLS) is considering a extension of our battery interests in the subsidiary Blackstone Technology GmbH to list in the US market to raise additional capital and diversify its current investor base. At present, Blackstone Resources AG is listed on the Swiss SIX exchange (Symbol BLS) in Switzerland and has invested huge […]
Blackstone bids to buy office developer Soho China for $3B
Blackstone Group has made an offer to buyout Beijing-based developer Soho China Ltd. for $3.05 billion. If the deal goes through, it would be Blackstone’s biggest bet on China’s real estate market, according to Bloomberg. Blackstone offered HK$5 for each Soho China share — a 31.6 percent premium to the latter firm’s last closing price […]
SK Capital to sell Niacet for over USD1bn
An affiliate of funds advised by SK Capital Partners (SK Capital) is to sell Niacet Corp (Niacet) to Kerry Group plc, the global taste and nutrition company, for USD1,015 million (EUR853 million) on a cash-free, debt-free basis, subject to customary closing adjustments. Following the acquisition, Niacet will be integrated into Kerry’s global food protection and […]
Golding holds first close of first dedicated buyout co-investment fund at EUR161m
Golding Capital Partners has has held first close of its co-investment fund, Golding Buyout Co-Investment 2020, with capital commitments of EUR161 million. The asset manager for alternative investments has thus been able to place three quarters of the target volume of EUR200 million with investors – primarily pension funds and insurance companies – within just […]
Enseo secures growth investment from HIG Capital
Enseo, a services provider offering in-room technology solutions to the hospitality, senior living, education, and healthcare markets, has secured a growth investment from alternative investment firm HIG Capital. With this investment, Enseo will rapidly accelerate growth, both organically and inorganically. Enjoyed by guests in more than 300,000 rooms worldwide, Enseo will continue to innovate in […]
LGT Capital Partners holds final close of Crown Secondaries Special Opportunities II at USD1.57bn
LGT Capital Partners has held the final close of Crown Secondaries Special Opportunities II (CSSO II), its second dedicated direct secondaries fund, with total subscriptions of USD1.57 billion. The program’s investor base consists of more than 50 institutions, including pension funds, insurance companies, sovereign wealth funds, family offices and endowments in Europe, the United States, […]
Private equity is an easy target for the critics, but is it a deserving one?
Comments from readers on our stories about Morrisons and its unwanted takeover approach are overwhelmingly negative. The great majority think that Clayton Dubilier & Rice, the private equity house, would damage the supermarkets group, sack thousands, reduce service levels, pull their favourite food lines, load up the company with unaffordable debt or “asset strip” it […]
Diversity at Private Equity Firms, Hedge Funds To See A Boost This Summer
The National Association of Investment Companies (NAIC) today announced the inaugural cohort of its new Paradigm Changers internship program for graduate and undergraduate students focused on introducing diverse women from non-traditional fields of study to the alternative investments industry. The internship program was created by NAIC to create a pipeline of women of color in […]
