Blackstone buys Toronto rental development company in a US$3.5-billion deal

New York-based Blackstone, the world’s largest alternative asset manager, says it will pay about US$11.25 per common share for Tricon Residential Inc. which equates to a US$3.5 billion equity transaction. Blackstone will take the Toronto-based rental development company private. Tricon is an owner, operator and developer of about 38,000 single-family rental homes in the U.S. […]

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 […]

Carlyle-backed battery storage developes NineDOT racks up $225m

NineDot Energy, a New York City-based developes of community-scale battery energy storage systems, has secured $225 million in funding from Manulife Investment Management and Carlyle, NineDot’s existing institutional equity investor. With this investment, Manulife Investment Management has acquired an equity stake in NineDot. Christopher McKenzie, a Managing Director on Manulife Investment Management’s infrastructure team, will […]

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 […]

Veritas looking into Guidehouse sale or IPO at $7B valuation

Veritas Capital is considering a sale or IPO for portfolio company Guidehouse, which could value the business at $7 billion, according to a Bloomberg report. Veritas is working with advisers to consider options and the potential sale would likely draw interest from other private equity firms and consultants, the sources in the report said. Veritas […]

The listed private equity quartet held roughly $416B in dry powder at the end of Q2

The four largest publicly traded alternative asset managers – Apollo Global Management Inc., Blackstone, Carlyle, and KKR – held roughly $416bn in dry powder at the end of the second quarter, said a study. The quartet aims to take advantage of the same market turbulence that curbed investment performance and sent their stocks tumbling in […]

Blackstone to buy Bulk Purchaser CoreTrust from HCA Subsidiary

Blackstone Inc. is buying a company that controls how a swath of businesses owned by private equity firms secure and pay for goods and services as varied as printers, pallets and postage.  The world’s largest alternative asset manager agreed to buy a majority stake in CoreTrust, a business that started within a supply arm for […]

Global Payments agrees to buy Evo for about $1.6 Billion

Global Payments Inc. agreed to buy Evo Payments Inc. for about $1.6 billion in cash to expand into new markets in Europe and South America.  Global Payments will pay $34 a share, according to a statement Monday. That’s about 24% higher than the closing price Friday and roughly 40% above the stock’s 60-day average price. […]

Thoma Bravo agrees $6.9bn deal for cyber security group SailPoint

Leveraged buyout market is roaring back to life after a pause amid rising volatility and war in Ukraine US private equity group Thoma Bravo is buying cyber security company SailPoint Technologies for $6.9bn, the latest in a flurry of deals that signals the leveraged buyout market is roaring back to life after a pause amid […]

Sydney Airport shareholders approve $17bn takeover

Sydney Airport shareholders approved on Thursday a A$23.6 billion ($16.85 billion) cash takeover by infrastructure investors, though many small retail investors voted against delisting Australia’s only listed airport. The Sydney Airport takeover, one of Australia’s biggest-ever buyouts, was backed by 96% of votes cast, but 20.7% of shareholders, representing a stake of 4%, were against […]