China’s S.F. offers to buy 51.8% stake in Kerry Logistics
Chinese logistics giant S.F. Holding Co has offered to buy a 51.8 percent stake in Hong Kong-listed Kerry Logistics Networks Ltd, it said in an exchange filing on Tuesday. The offer, at HK$18.8 ($2.43) per share and valuing the total transaction at HK$17.6 billion, will be conducted by S.F. Holding unit Flourish Harmony Holdings Co […]
Blackstone invests in new hedge fund ApaH Capital, sources say
Blackstone Group is committing $150 million in start-up capital to a hedge fund run by a former senior executive at Lone Star Funds, two sources familiar with the matter said. Anand Balakrishna Madduri is launching ApaH Capital Management with roughly $200 million in assets, including the capital from Blackstone, one of the people said. Hong […]
My Food Bag seeks up to $342m in IPO
My Food Bag plans to sell up to 185 million shares in an initial public offer that values the meal kit company at just under $450 million The company has filed its product disclosure statement and says it aims to list on the NZX and ASX on March 5. The shares will be priced at […]
NBD commits USD 100 million to NIIF Fund of Funds (FoF)
National Investment and Infrastructure Fund (NIIF) on Thursday said that Shanghai-based New Development Bank has committed to invest USD 100 million (around Rs 728 crore) in NIIF Fund of Funds (FoF) With NDB”s investment, the FoF has secured USD 800 million in commitments, according to a statement. NDB joins the Government of India (GoI), Asian […]
Principal Closes Private Debt Fund With Nearly $600M in Commitments
Principal Real Estate Investors has closed its third high-yield private-equity fund with $578.6 million in total commitments. The firm raised capital globally, securing a total of 30 limited partner commitments from a broad spectrum of investment groups and global markets, including the US, Asia and the Middle East. The firm raised capital globally, securing a […]
SPAC numbers just keep growing, says Sijoitusrahastot
Last year proved to be an outstanding year for SPACs in the US, while the total number of SPACs already surpassed the 2019 total in the first three weeks of 2021 alone, according to data published by Finnish investment fund Sijoitusrahastot. Their research found that 248 SPACS raised USD83.04 billion in 2020 in the US. […]
Platinum Equity Advisors walks away from Marston’s after £690m bid falls flat
It was a case of three strikes and out for the private equity firm stalking Marston’s after it confirmed that it would not be sweetening its £690 million bid proposal for the pub company. Platinum Equity Advisors said it was walking away after the Marston’s board unanimously dismissed the 105p-a-share offer, made after two earlier […]
Great Hill Partners acquires Notonthehighstreet
Notonthehighstreet, a UK online marketplace for lifestyle products and ‘thoughtful gifts’, has been acquired by growth equity firm Great Hill Partners. Great Hill Partners will become the majority shareholder in the business, with existing investors Burda Principal Investments and Industry Ventures also remaining as shareholders. The backing and expertise of this investor base will help […]
Zeus acquires Austrian food packaging solutions company
Irish-owned Zeus Packaging, an independent packaging manufacturer and distributor, has acquired Austrian-based food packaging solutions business, Petruzalek, which was part of Sirap-Gema Group In 2020, Petruzalek achieved revenues of approximately EUR58 million, net assets of EUR16 million and EBITDA of EUR2.5 million. The acquisition, for an undisclosed sum from Italian investment holding company, Italmobiliare, completes […]
ATP delivers 23.2% investment return in 2020
ATP, Hilleroed, Denmark, recorded a 23.3% investment return in 2020 despite turbulence associated with the coronavirus pandemic. The pension fund said in an update Thursday that the return was equivalent to a 29.9 billion Danish kroner ($4.9 billion) gain. In 2019, the fund’s investment return was 39.7%, equivalent to 40.7 billion kroner before taxes and […]
