Kaman to be Acquired by Arcline for $1.8 Billion

Arcline acquires KAMAN, in an all-cash transaction with a total enterprise value of approximately $1.8 billion. KAMAN will become a a private held company, upon completion of the transaction. Arcline is a growth-oriented private equity firm with deep experience investing in technology-driven, meaningful-to-the-world industrial businesses. “Following robust engagement with Arcline and careful evaluation of other […]

Blackstone makes first investment in Japan’s fintech sector

Blackstone is seizing this opportunity by acquiring a majority stake in Sony Payments Services (SPSV) from Sony Bank, a subsidiary of Sony Group. The deal was announced in December. It marks the private equity firm’s first investment in the financial technology sector in Japan. Sony Bank, which established the payment service business in 1995 and […]

BlackRock bets on infrastructure in $12.5bn deal

BlackRock has agreed to acquire Global Infrastructure Partners, a New York City-based infrastructure fund manager, in a $12.5 billion cash-and-stock deal. The GIP management team, led by Bayo Ogunlesi and four of its founding partners, will lead the combined infrastructure platform. BlackRock has also agreed to appoint Bayo Ogunlesi, GIP founding partner, chairman and CEO […]

Blackstone pays $2.4bn for minority stake in NiSource unit

Blackstone’s infrastructure unit has agreed to invest $2.41bn in Northern Indiana Public Service Company, a unit of NiSource. NiSource said an affiliate of Blackstone Infrastructure Partners will pay $2.16bn for a 19.9% indirect non-controlling equity interest in Northern Indiana Public Service Company. Blackstone also made an additional equity commitment of $250m to fund ongoing capital […]

Cinven raises $14.5 billion for the Eighth Cinven Fund

International private equity firm Cinven announces the final close of its latest flagship fund, the Eighth Cinven Fund (‘Fund 8’), having raised $14.5 billion (€13.2 billion) and reached the hard cap. Fund 8 is nearly 30% larger than its 2019 vintage predecessor fund, Fund 7, for which Cinven also reached the hard cap. Stuart McAlpine, […]

Euroclear moves into $9.8 trillion private asset market with Goji buy

Private market assets are currently valued at $9.8 trillion and are expected to grow to $14.4 trillion by 2025. This increasing demand is driving innovation and a need for increased efficiencies in the space. The combination of Euroclear’s open infrastructure and Goji’s innovative technology will provide a digital platform enabling end to end access to […]

KKR looking to sell Canadian gas producer Westbrick for $1.13B

Private equity firm KKR & Co is looking to offload Canadian oil and gas producer Westbrick Energy Ltd in a potential deal valued at between $1.13 billion and $1.5 billion, according to a report by Reuters. The report cutes unnamed sources as revealing that majority owner KKR is looking to find a buyer by the […]

Blackstone commits up to $359m to acquire majority stake in R Systems

Private equity funds managed by Blackstone have signed definitive agreements with Satinder Singh Rekhi and other current promoters to purchase a majority stake in R Systems International Limited (R Systems) for up to $359 million. R System’s revenue for the last twelve months, as of September 30, 2022, was ~$189 million, representing year-on-year growth of […]

Centerbridge and Bridgeport complete $1.6B CSI acquisition

Private equity firms Centerbridge Partners (Centerbridge) and Bridgeport Partners (Bridgeport), have completed their acquisition of Computer Services, Inc (CSI), a provider of end-to-end fintech and regtech solutions, for $1.6 billion. The acquisition, which was previously announced on 22 August, 2022, closed in an all-cash transaction with a purchase price of $58.00 per share. CSI’s shareholders […]

Credit Suisse to sell much of securitised products group to Apollo

Business generated substantial profits for Swiss bank but was capital-intensive Credit Suisse confirmed on Tuesday that it was selling much of its securitised products group to private equity group Apollo, as the Swiss bank slashes a business that generated substantial profits but ate up large amounts of capital. Credit Suisse last month announced a radical […]