Brookfield reinsurance unit to buy American National for $5.1 billion
Brookfield Asset Management Inc’s reinsurance unit has agreed to buy insurer American National Group Inc for about $5.1 billion in an all-cash deal, the companies said on Monday. The potential deal comes as U.S. insurers are stepping up sales of annuities and other capital-intensive assets amid a surge in interest from new and established private […]
HIG Capital makes strategic investment in The Bluebird Group
An affiliate of global alternative investment firm HIG Capital (HIG) has made an equity investment in The Bluebird Group (Bluebird, a retail services consulting firm). Bluebird provides emerging and category-leading brands with outsourced retail services required to optimise online and in-store sales. The Company provides strategic planning, operations consulting, account management, digital optimisation, and data […]
China’s antitrust regulator starts review of Blackstone’s US$3 billion acquisition of property firm Soho China
China’s antitrust regulator has started its review of a general offer by US private-equity firm Blackstone Group to take control of property developer Soho China, a necessary step needed for the US$3.05 billion deal to be concluded. The acquirer was notified on August 3 that the State Administration for Market Regulation (SAMR) had accepted its […]
Philip Morris raised its bid to more than £1 billion in a bidding war for UK inhaler group Vectura
The battle between the owner of Marlboro cigarettes and a private equity group for control of the UK inhaler maker Vectura intensified on Sunday as Philip Morris International raised its bid to more than £1 billion. PMI’s offer of 165p a share came just two days after Carlyle, the US private equity group, raised its […]
Carlyle Group exits India’s SBI Life Insurance
International private equity investment firm Carlyle Group has divested its holdings of 1.9% in SBI Life Insurance Company. The shares were sold by Carlyle subsidiary CA Emerald Investments through open market transactions, for a total value of INR21.47 billion (SG$390 million). CA Emerald first acquired a 9% stake in SBI Life Insurance from BNP Paribas […]
IMCO to acquire UK-based Green Frog Power
The Investment Management Corporation of Ontario (IMCO) is to acquire 100 per cent of Green Frog Power Ltd (Green Frog) and will invest up to $500 million (£288 million) over the next several years, to transform the business into an owner and operator of utility scale batteries and execute on its pipeline of battery projects […]
Fintech unit of Malaysia’s AirAsia secures up to $100 mln from SK Group
South Korea’s SK Group will invest up to $100 million in the financial technology unit of AirAsia Group Berhad , the Malaysian budget carrier said in a statement on Friday. BigPay, a unit of AirAsia’s digital arm, offers a prepaid debit card, local and international money transfers, micro-insurance, bill payments and a budgeting tool. “Our […]
Beech Tree Private Equity invests in expansion of Ancoris
Beech Tree Private Equity has invested in pure-play Google Cloud expert Ancoris. Alantra advised Ancoris on the deal. Ancoris is a cloud-based Google services provider, offering a full suite of services, and tailored solutions based on clients’ project size and complexity. Ancoris has recently expanded its service offering in data and AI, cloud migration and […]
Real Madrid And Barcelona Unite To Condemn Private Equity Deal With CVC
Real Madrid and Barcelona united on Thursday to criticise La Liga’s agreement to sell 10 percent of its business to private equity firm CVC Capital Partners for 2.7 billion euros ($3.2 billion). The deal, the first of its type by a major European league, values La Liga at 24.2 billion euros. La Liga will, however, […]
NewSpring raises $364m 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 $364.3 million, making it the largest mezzanine fund the Firm has raised to date. “For investors, this Fund gives them the exciting opportunity to actively participate […]
