Addleshaw Goddard advises Sanne Group on GBP1.5bn takeover by Apex
Addleshaw Goddard has advised FTSE 250 client Sanne Group on its GBP1.5 billion recommended cash takeover offer by Apex Group. The AG team was led by Simon Wood and included corporate associates Jenny Crossan and Vinay Rawal, together with a wider team from the firm’s financial services, antitrust and regulatory teams. Sanne Group is a […]
Private Equity Giant Hillhouse Launches New Fund Business to Invest in Stock Market
Chinese private equity (PE) heavyweight Hillhouse Capital Group has set up a new private fund business to invest in the stock market. The entity, called Shanghai Lingren Private Fund Management Partnership (LP), on Friday completed its registration (link in Chinese) with the Asset Management Association of China, a self-regulatory industry group. With 10 million yuan […]
Axcel closes fund VI at EUR800m hard cap
Axcel Management (Axcel), an investor in the Nordic market, has closed Axcel VI at its hard cap of EUR800 million, an increase of more than 30 per cent compared to its predecessor fund. Axcel is equally pleased with the continued strong support it received from existing investors representing approximately 65 per cent of the total […]
Liftoff and Vungle Merge: 2 Top-Ten Mobile Ad Networks Owned By Private Equity Fund Blackstone Combine Forces
By changing how mobile advertising works on iPhones and iPads in iOS 14.5, Apple kicked off a wave of mergers and acquisitions that has now led to two top-ten independent mobile ad networks combining forces. Of course, it helps that they are both majority owned by the same private equity firm, Blackstone. And that there’s […]
Private equity firm Livingbridge takes majority stake of Jungle Creations
Control of Jungle Creations, pioneers in the transition from social media to real-life experiences, has passed to a private equity firm as the owners capitalize on recent success to power growth. Livingbridge bought a 51% stake in the outlet for £30m after Jungle’s founders sought to build on a bumper 2020 by obtaining the investment […]
KKR leads $3.7bn deal for Australia’s Spark Infrastructure
A consortium led by US private equity group KKR has struck an US$3.72bn deal to acquire Australian energy investor Spark Infrastructure, as the country’s assets draw strong interest from global funds. Spark said in a filing to the Australian Securities Exchange on Monday that the approach, which also includes Canada’s Ontario Teachers’ Pension Plan and […]
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 […]
The Jordan Company closes USD1.3bn continuation fund led by Hamilton Lane
The Jordan Company (TJC) has closed The Resolute II Continuation Fund with over USD1.3 billion in capital commitments, which funded the purchase of portfolio companies from The Resolute Fund II, a 2007 vintage fund. The Fund, the first continuation fund established by TJC, provides the firm with additional time and capital to support the continued […]
Indian startups next only to Chinese counterparts in APAC with USD16.9bn VC funding during January-July 2021, says GlobalData
Despite another third wave of Covid pandemic looming large and slow economic recovery, venture capital (VC) investors seem to be keeping faith with the Indian startup ecosystem. In fact, Indian startups stood next only to Chinese counterparts in terms of VC funding value among the Asia-Pacific (APAC) countries during January to July 2021, reveals GlobalData, […]
NewSpring raises USD364m for fourth mezzanine fund
NewSpring, a family of private equity strategies, has held the final close of its fourth mezzanine fund, NewSpring Mezzanine Capital IV (NSM IV). In total, the Fund raised USD364.3 million, making it the largest mezzanine fund the Firm has raised to date. NewSpring Mezzanine provides a wide range of flexible mezzanine debt and equity solutions, […]
