HarbourView Equity Partners acquires Luis Fonsi music catalogue
HarbourView Equity Partners (HarbourView), a global alternative asset management focused on media/entertainment assets, backed private equity firm Apollo, has acquired the music catalogue of Luis Fonsi. Financial terms of the deal, which was negotiated and closed in just two weeks, have not been disclosed. Fonsi is an award-winning global artist from Puerto Rico, and one of […]
US private equity firm makes move for Derby County
A US private equity firm has reportedly made a £28m bid to buy Derby County out of administration. The news emerged just hours before the Rams fell to a 2-1 defeat to Nottingham Forest at the City Ground amid a deepening crisis that could see the club liquidated if administrators from Quantuma fail to prove […]
Banks and asset managers vie to carve up £1bn Blackstone-backed mortgage platform Kensington
M&G, Pimco and Starling Bank are among the bidders participating in the £1bn-plus auction of the specialist mortgage lender, Sky News understands. Sky News has learnt that Starling Bank is bidding against Barclays and another high street lender to buy Kensington’s platform, while Pimco and M&G Investments are battling to buy the company’s mortgage assets. […]
UBS steps up U.S. push with $1.4 bln Wealthfront purchase
Swiss bank UBS has agreed to buy U.S.-focused automated wealth management provider Wealthfront, which has more than $27 billion in assets under management, in an all-cash deal the two companies said was worth $1.4 billion. UBS had said in October it wanted to build a digitally scalable advice model for affluent clients in the Americas […]
KKR leads Series C Round in Philippine B2B platform GrowSari with USD45m
KKR is to invest USD45 million to lead a Series C funding round in GrowSari, a B2B e-commerce platform serving micro, small and medium-sized enterprises (MSMEs) in the Philippines. KKR’s investment in GrowSari will support the Company’s expansion into more regions across the Philippines and strengthen its financial services capabilities. Prior to KKR’s investment, which […]
Fidelity Buys Stake in Creditas Valuing Startup at $4.8 Billion
Fidelity Investments led a funding round for Brazilian digital lender Creditas in a private fundraising that valued the firm at $4.8 billion, making it one of Latin America’s most valuable financial upstarts. Creditas raised $260 million in a Series F financing round led by Fidelity, said Sergio Furio, founder and Chief Executive Officer of the […]
Strategic Lease Partners Acquires $780 Million in Net Leased Properties in Q4 2021 for KKR
Strategic Lease Partners (SLP) is a platform launched by KKR to acquire a diversified portfolio of triple-net lease (NNN) real estate. Strategic Lease Partners closed six transactions in the fourth quarter of 2021 for a total of US$ 780 million. SLP is working closely with KKR’s real estate, credit and capital markets teams to underwrite […]
Blackstone’s REIT Buying Binge Continues as It Agrees to a $3.7 Billion Apartment REIT Deal
Blackstone’s REIT Buying Binge Continues as It Agrees to a $3.7 Billion Apartment REIT Deal Blackstone Group is at it again. The private-equity giant is buying another real estate investment trust (REIT). This time, it’s paying $3.7 billion to acquire Resource REIT, a non-traded REIT focused on owning apartment buildings. This deal is Blackstone’s second notable apartment […]
Inflexion Weighs Sale of $2.7bn UK Fuel-Card Firm
Inflexion Private Equity Partners is considering options for Radius Payment Solutions, including a merchantability that could worth the U.K. substance cards and telematics steadfast astatine astir $2.7bn, radical acquainted with the substance said. The buyout steadfast is moving with Goldman Sachs Group Inc. arsenic it seeks to place imaginable suitors for the business, the radical […]
MTG sells ESL Gaming to PIF-backed Savvy Gaming Group for $1.05bn
Swedish e-sports and gaming firm MTG has agreed to sell ESL Gaming to Saudi-backed Savvy Gaming Group at an enterprise value of $1.05bn, it said on Monday. MTG, which owns 91.46% of ESL Gaming, corresponding to $960 million, said it was expecting net proceeds of around $875 million from the deal, including transaction-related costs. “Following […]
