Canada Life Asset Management commits GBP26.5m to develop car park for NHS
Canada Life Asset Management has purchased a 140-year leasehold interest in a site forming the first phase of Adanac Health & Innovation Campus, Southampton for University Hospital Southampton NHS Foundation Trust. The GBP26.5 million funding package for the construction of a 1,000 space multi-storey park and ride car park aims to complete construction by April […]
Gauge Capital closes Gauge Capital III at USD800m
Gauge Capital (Gauge), a middle market private equity firm, has closed its third fund with an oversubscribed first and final close of USD800 million in commitments. The Gauge Capital team is the largest investor in the fund and represents over 25 per cent of the committed capital. Ropes & Gray LLP served as counsel. Gauge […]
A Twist In Style: How Distressed And Bankruptcy Investing Is Different This Time
Distressed investing is one of these trends, like shoulder pads, where one must be exacting not only with timing but also interpretation. Both are coming back strong in 2021. The time is right. Cornerstone Research reported that 138 companies with more than $100 million in assets filed in the first three quarters of 2020, 84% […]
9 big things: The race to build the next Tesla
Tesla sold fewer than 500,000 cars last year, by far its highest annual total on record. That accounted for less than 1% of all global automotive sales. And yet Tesla is now one of the 10 most valuable companies in the world, and its co-founder and CEO, Elon Musk, is the wealthiest person alive. You […]
Fund run by Australian pension investors seeks stake in Spain’s Naturgy
Investment fund IFM Global Infrastructure Fund offered on Tuesday to buy a 22.7% stake in Spain’s Naturgy for 5.06 billion euros ($6.13 billion), sending the power group’s shares soaring 16% to lead gainers on Madrid’s bourse. The cash offer of 23 euros per share represented a 19.7% premium over Naturgy’s closing price on Monday, according […]
ADM Capital’s Cibus Enterprise Fund Invests in Aquapak
ADM Capital Europe’s Cibus Enterprise Fund (Cibus) has invested in the British polymer production company Aquapak Polymers Limited (Aquapak). Aquapak has developed a novel biodegradable, non-toxic and water-soluble polymer called HydropolTM (“Hydropol”) which is three times stronger than alternatives and can be easily processed into films, laminates and injection moulds, giving it a wider […]
AFH receives £225m offer in private equity takeover
Directors at national adviser AFH Financial Group have agreed terms for a £225m takeover offer from a US private equity firm. This Monday (January 25) Cortina Bidco, a newly incorporated company indirectly controlled by US private equity firm Flexpoint Ford, confirmed its multi-million pound acquisition offer for AFH. At 463 pence in cash for each […]
Saudi Aramco said to eye $10bn from pipeline stake sale
Sources say Brookfield Asset Management and KKR & Co are among those weighing bids for a stake in Saudi Aramco’s oil pipelines. Brookfield Asset Management and KKR & Co are among top infrastructure investors weighing bids for a stake in Saudi Aramco’s oil pipelines, people familiar with the matter said. Apollo Global Management and China’s […]
Blackstone-backed Patria eyes expansion in Latam, Asia
Brazilian asset manager Patria Investments Ltd, whose shareholders include Blackstone Group Inc, plans to use the proceeds of its $588 million initial public offering partly to expand in new emerging markets, executives said on Friday. Patria raised $326 million in the IPO and shareholders selling stakes will receive $262 million. Blackstone, which acquired a 40% […]
Riverside invests in Altius
Global private equity firm The Riverside Company, is to invest in Altius Group Holdings, a specialist provider of allied health services in Australia. The company provides a range of services including occupational rehabilitation case management and return-to-work support, employee counselling and wellbeing through employee assistance programs, functional capacity assessments and physical therapeutic treatment to disabled […]
