Brookfield considers bid for Chinese industrial gas producer
Brookfield Asset Management is considering bidding for AirPower Technologies Ltd., a Chinese industrial gases producer owned by buyout firm PAG, according to people familiar with the matter. The Toronto-based firm has held talks for some or all of AirPower’s assets with PAG, said the people, who asked not to be identified as the information is […]
Private Equity Platform Moonfare Gets Backing From Vitruvian
Moonfare GmbH, an investment platform that allows wealthy clients to invest in private equity funds, is getting its own private equity cash injection. Vitruvian Partners has invested $35 million into Moonfare to help finance the Berlin-based firm’s international expansion, according to a statement from Moonfare on Monday. London-based Vitruvian is currently deploying its fourth fund, […]
India startups raise USD6bn in VC funding in first two months of 2022, finds GlobalData
India remains the second biggest market in the Asia-Pacific (APAC) region for venture capital (VC) investments after China with USD6 billion disclosed funding value, according to data and analytics company GlobalData. Analysis of GlobalData’s Financial Deals Database reveals that a total of 314 VC funding deals were announced in India during the period. Some of […]
Two US billionaire-led bids lead £3bn race to buy Chelsea FC
LA Dodgers owner Todd Boehly and private equity tycoons Josh Harris and David Blitzer become frontrunners Two bids backed by US billionaires have become the frontrunners to win the £3bn race to purchase Chelsea Football Club, which is rushing to replace its Russian oligarch owner Roman Abramovich, who has been hit with sanctions. California-based investment […]
Private equity group TPG spots opportunities after tech rout
Maiden earnings after IPO boosted by higher assets under management and fees US private equity group TPG is spotting increasing opportunities to invest in fast-growing technology companies after the sector was hit hard at the start of the year by investor fears over rising interest rates and Russia’s invasion of Ukraine. In the fourth quarter, […]
KKR Announces Intra-Quarter Monetization Activity for the First Quarter
KKR today announced a monetization activity update for the period from January 1, 2022 through March 24, 2022. Based on information available to us as of today, with respect to the period through March 24, 2022, KKR has earned gross realized carried interest and realized investment income in excess of $850 million, of which approximately […]
Blackstone and Apollo lead PE’s record $6.3bn bet on the gambling market
Private equity and venture capital managers are betting big on the global gambling market. Blackstone struck what is set to become the largest ever industry deal last month, buying Australia-based casino operator Crown Resorts in a $6.3bn takeover after a year-long pursuit of the company. The Crown acquisition comes off the back of a record […]
Hunkemöller to be sold to Dutch investors, including with Carlyle reinvesting for a minority stake
Leading European lingerie brand Hunkemöller today announced that an agreement has been reached for the sale of the company to leading Dutch investors. Global investment firm Carlyle, an existing shareholder, will reinvest for a minority stake. The new investors have an established track record in developing retail and e-commerce consumer goods brands and are ideally […]
Tikehau Capital says it wants to double assets under management by 2026
French private equity company Tikehau Capital on Tuesday said it would target more than 65 billion euros ($71.4 billion) in assets under management by 2026, thus doubling the volume of its portfolio. Tikehau added it would also seek to push its return on equity ratio to a mid-teens level by 2026. Tikehau Capital is a […]
ConsenSys valuation more than doubles to over $7bn after latest funding
Blockchain technology firm ConsenSys said on Tuesday its valuation had more than doubled to over $7bn after its latest funding round that included investments from SoftBank Vision Fund 2 and Microsoft. The company, which raised $450m in the latest round, said it would use the funds to expand its MetaMask offering with a redesign, expected […]
