ReNew Power’s $1 billion SPAC deal may blaze a trail to Wall Street for Indian unicorns
When ReNew Power, one of India’s leading renewable energy producers, merges Tuesday with Nasdaq-listed RMG Acquisition Corp. II, it is expected to become the first Indian company to raise more than $1 billion by combining with a U.S. special purpose acquisition company (SPAC). Investors are watching the deal closely because it could pave the way […]
Bain-backed Emcure Pharmaceuticals eyes $672 mln IPO
India’s Emcure Pharmaceuticals has filed draft papers with the market regulator for an initial public offering, which a source with direct knowledge of the matter said could be worth up to 50 billion rupees ($671.89 million). Emcure is the latest Indian company to tap capital markets this year in a fund-raising frenzy driven by abundant […]
Bee Alternatives appoints Apex Group for fund admin
Apex Group (Apex) has been appointed, to provide fund administration and regulatory services to Bee Alternatives Limited (Bee Alternatives), an independent manager dedicated to secondary private equity investments. Bee Alternatives has its origins as part of Ant Capital Partners Co Ltd (Ant Capital), where the team were one of the pioneers of secondary investments in […]
Actis sells Saavi Energia
Actis, a global investor in sustainable infrastructure, has sold Saavi Energía (Saavi), the fourth largest independent power producer and the largest privately held stand-alone power generator in Mexico, to Global Infrastructure Partners (GIP). Terms of the transaction have not been released. Saavi has a geographically diverse 2.2 net GW portfolio of six CCGTs, three compression […]
BC Partners-owned United Group to acquire Greek telecoms operator Wind Hellas
United Group, a provider of telecommunications services and media in Southeast Europe, has reached an agreement with Crystal Almond Holdings Limited to acquire Greek telecoms operator Wind Hellas, one of the country’s three mobile operators. Wind has a total of 4.2 million users and offers mobile, fixed, internet, and television services. It generates revenues in […]
Prudential makes USD200m commitment to diversity
Prudential Financial has made a USD200 million commitment through the Prudential DEI Portfolio to private equity investments constructed with a diversity, equity and inclusion (DEI) lens. Investments will focus on limited partner stakes with substantial ownership and/or management by women and minorities, particularly those raising capital for first or second funds. Within private equity, structural […]
Private Equity Firm PAG Eyes Cloud Assets After $2 Billion Bet
PAG will create a new digital infrastructure company after the Asia-focused private equity firm invested in $2 billion of assets in the space, betting on the rising demand for data storage from the region’s fast-growing technology industry. The business will focus on the acquisition of data centers and fiber networks in Japan, Australia and other Asian […]
Goldman’s Petershill Mulls Listing $4 Billion London Vehicle
Goldman Sachs Group Inc.’s Petershill unit, which specializes in buying stakes in alternative asset managers, is considering listing a permanent capital vehicle in London as soon as this year, people familiar with the matter said. Petershill is working with advisers on the potential initial public offering, the people said, asking not to be identified because […]
CVC Capital Nears Stake Sale to Blue Owl at $15 Billion Valuation
CVC Capital Partners is nearing a deal to sell a minority stake to investment firm Blue Owl Capital Inc. in a transaction valuing the European buyout firm at around $15 billion, people familiar with the matter said. The private equity firm could reach an agreement on a stake sale of about 10% in the coming weeks, said the […]
Partners Group to sell Straive
Partners Group, has, on behalf of its clients, agreed to sell Straive, a global provider of technology-driven content and data solutions, to funds affiliated with Baring Private Equity Asia (BPEA). Established in 1980 and headquartered in Singapore, Straive provides a suite of technology-driven platforms and services for the creation, enrichment, and dissemination of e-learning content, […]
