KKR launches Highways Infrastructure Trust in India
KKR has launched the Highways Infrastructure Trust (HIT), a roads infrastructure investment trust (InvIT) in India. The new vehicle is KKR’s third InvIT in India, following the launch of the Virescent Renewable Energy Trust, India’s first renewable energy InvIT, and India Grid Trust, a transmissions InvIT. Together, these platforms operate and manage 33 assets valued […]
KKR in advanced talks to invest $400m in Hero Future Energies
Leading US private equity manager KKR is in advanced negotiations to invest around $400 million in Hero Group’s renewables energy company Hero Future Energies (HFE). The deal could be the firm’s single largest cheque in the Indian clean and renewable energy space so far, according to a report by business daily The Economic Times. Last […]
TPG, General Atlantic could invest $100m in Amagi
Private equity giants TPG and General Atlantic are in talks to invest $100m in the media technology firm Amagi, as per news reports. This will bring the value of the company to $1.4bn. Amagi, which helps companies create, distribute and monetise streamed content, is a profitable start-up. The company has crossed over $100 million in […]
KKR teams with GCM Grosvenor to back US renewables developer Arevia Power
Financing accelerates development of new solar and wind projects in the United States KKR, a leading global investment firm, today announced that KKR has led a significant structured investment in Arevia Power (“Arevia” or the “Company”), a U.S. renewable energy developer, with strategic participation by GCM Grosvenor, a leading global alternative asset management solutions provider. […]
Bain Capital and Advent plan to exit Quest Global at $3B valuation
Private equity firms Bain Capital and Advent International are looking to exit Quest Global Services, six years after investing in the engineering outsourcing firm, said people aware of the matter. The two funds together own about 33% of the company. Singapore investment firm GIC, which owns a 2-3% stake, may also look to join them. […]
Germany’s football body to hire Deutsche Bank for media rights sale
Germany’s football body has appointed Deutsche Bank AG to lead the possible sale of a package of media rights, Bloomberg News reported on Monday, citing people familiar with the matter. In June, Bloomberg News reported that the German Football League (DFL) was considering selling as much as 20% of a unit which houses its domestic […]
KKR leads investment in Arevia Power
KKR has led a significant structured investment in Arevia Power (Arevia), a US renewable energy developer, with strategic participation by GCM Grosvenor, a global alternative asset management solutions provider. In tandem with the investment, Arevia has executed a Responsible Contractor Policy (RCP) for its entire clean energy portfolio throughout the United States. The RCP actively […]
Tiger Global doubles down on investment in Indian Fintech Jar
Global private equity investor Tiger Global Management doubled down on its investment in Indian micro-saving app, Jar, by leading a $22.6 million round which saw participation from a clutch of other investors, a partner at the fund said. The funding, through a primary issue of shares, values the one-year-old startup at $300 million, $100 million […]
Apollo leads private equity interest in Manchester United stake
Manchester United FC’s owners are considering opening up the iconic English football club to a new investor — with private equity firms likely to be crowding the field alongside high-net worth individuals. Buyout firm Apollo Global Management Inc. has already expressed interest, according to a person familiar the matter, asking not to be identified discussing […]
Blackstone announces Adam White, former President and COO of Bakkt, as Senior Advisor
Blackstone today announced the appointment of Adam White, former Bakkt and Coinbase executive, as a Senior Advisor. White brings a breadth of experience as a senior leader and entrepreneur in the crypto and blockchain technology space and will advise across Blackstone’s businesses, with an emphasis on Blackstone Growth (BXG), the firm’s growth equity investing platform. […]
