Apollo in talks to support $8bn Kohl’s sale with up to $2B in debt financing
Apollo Global Management Inc is in talks to support retail store operator Franchise Group’s acquisition of department store chain Kohl’s Corp through the provision of up to $2 billion in debt financing, according to a report by Reuters. The report cites an unnamed source as saying the with talks are still at an early stage […]
Vista Equity Partners invests in BetterCloud
BetterCloud, an SaaS Management Platform provider, has secured a strategic growth investment from Vista Equity Partners (Vista). The partnership will enable BetterCloud to continue to accelerate growth and product innovation, expand into new geographic markets and continue to build best-in-class capabilities for its global customer base. BetterCloud’s existing investors, including Accel, Bain Capital Ventures, Warburg […]
Apollo Among Possible Suitors for Just Eat’s Grubhub
Just Eat Takeaway.com NV’s US unit Grubhub is attracting preliminary interest from private equity firms including Apollo Global Management Inc., according to people with knowledge of the matter. New York-based Apollo is among possible suitors evaluating the business, the people said, asking not to be identified because the information is private. Just Eat Takeaway may […]
Billionaires plough more money into private equity
Family offices boost exposure to unlisted shares despite policy tightening and concerns over valuations Billionaire investors are increasing their exposure to private equity in spite of concerns that the end of loose monetary policy will hurt weaker firms in the sector. Family offices managing vast fortunes for wealthy individuals have increased their allocation to private […]
EY to invest $1bn to expand private equity offering, appoints PE leader
EY is to make an investment of around $1 billion phased over four years to expand PE business capabilities and appoints Bridget Walsh as new EY Global Private Equity Leader, effective 1 July 2022, to lead and deliver this initiative. The $1 billion investment bolsters the leading market position with a focus on growing existing […]
Blackstone, other large private-equity firms turn attention to Vast Retail Market
Private-equity firms have spent decades raking in giant sums from pension funds and other big institutions. Now they are going hat in hand to a different kind of investor: everyday millionaires. Some of the biggest firms, including Blackstone, Blue Owl Capital, OWL, Apollo Global Management and Ares Management, have created a host of new products […]
Warburg-backed news group Reorg hires bankers for sale, could value the firm at about $1.5bn
Transaction could value specialist distressed debt and bankruptcy information provider at about $1.5bn Reorg , the distressed debt and bankruptcy information provider backed by private equity firm Warburg Pincus, has hired advisers to explore a sale of all or part of the business that could value it at more than $1.5bn, according to four people […]
Croatian supercar maker Rimac gets €500m from SoftBank, Goldman Sachs Asset Management and Porsche
Rimac Group has raised €500m from investors, including SoftBank Vision Fund 2, the private equity business within Goldman Sachs Asset Management, as well as Porsche and InvestIndustrial, which are existing Rimac shareholders. Rimac Group’s value is now estimated at over EUR 2 billion, the company said. The round includes an “eight-figure sum” from Porsche, which […]
Union vote clears way for private equity investment in New Zealand Rugby
A special general meeting of New Zealand Rugby in Auckland has voted in favour of a $130m private equity investment from US firm Silver Lake, the final step in the approval process for the groundbreaking deal. The deal, approved in a vote by a majority of the country’s provincial unions, values NZR’s commercial assets at […]
Blackstone’s New Twist on Private Credit Will Open Up Billions
Blackstone Inc. is testing a new way to bring in cash from rich Europeans. If it succeeds, the private equity powerhouse stands to draw billions to the fast-growing and risky world of private credit. Blackstone’s fund will be the first of its kind in Europe, where direct lending has exploded into a $300 billion industry […]
