BlackRock to Vanguard, Global Funds Rush to Middle East IPO Boom

Middle Eastern companies no longer have to go to London or New York in search of big-ticket investors, with the likes of BlackRock Inc. flocking to the initial public offering boom in local markets. Dubai Electricity & Water Authority’s IPO raised $6.1 billion last month, with major global investors BlackRock, Vanguard Group and Fidelity Investments […]

TPG records $199 million earnings in first quarter since IPO

TPG said on Tuesday its after-tax distributable earnings rose to $199 million in the first quarter, up from $65 million a year earlier, adding that its private equity and impact investing businesses had delivered strong growth in asset sales. TPG’s result exceeded the average analyst estimate of $149 million calculated by financial data provider Refinitiv. […]

Apollo Considers IPO for Golfing Chain ClubCorp at $4.5 Billion Value

Apollo Global Management Inc. is weighing an initial public offering as early as this year for ClubCorp, the country club operator it took private in 2017, according to people familiar with the matter.  The private equity firm is working with advisers on a process for the Dallas-based company, said the people, who asked to not […]

Bain Capital-backed blank-check firm scraps U.S. IPO plans

A blank-check vehicle backed by venture capital firm Bain Capital has withdrawn plans for a U.S. initial public offering, according to a regulatory filing on Tuesday, joining a slew of companies that have canceled listings this year. The special purpose acquisition company (SPAC) which had filed to float its shares in March last year looking […]

Apollo-Backed Lender OLB Picks Banks for Possible IPO

Oldenburgische Landesbank AG, the private equity-backed German lender, selected banks to advise on a potential initial public offering as dealmaking in the country’s finance industry intensifies, people with knowledge of the matter said.  OLB is working with Deutsche Bank AG, Goldman Sachs Group Inc. and UBS Group AG as it explores options including a listing, […]

Blackstone-Backed Asian Buyout Firm PAG Files for $2 Billion IPO

PAG has filed for an initial public offering that could value the Asia-focused private equity firm at about $20 billion, people with knowledge of the matter said. The investment firm submitted a listing application to the Hong Kong stock exchange on Friday, according to the people, who asked not to be identified because the information […]

Blackstone Mortgage Trust Announces Pricing of Public Offering of Convertible Senior Notes

Blackstone Mortgage Trust, Inc.today announced the pricing of an underwritten public offering of $300 million aggregate principal amount of its 5.50% convertible senior notes due 2027 (the “Notes”). The offering is expected to close on March 29, 2022 and is subject to customary closing conditions. The offering will generate gross proceeds of approximately $300 million, […]

Indonesian superapp GoTo looks to raise $1.3bn in IPO

GoTo, Indonesia’s biggest start-up, plans to raise up to $1.3bn in an initial public offering, as it looks to shrug off a global decline in technology stocks and lure investors who want to cash in on the country’s booming digital economy. The group, formed last year following an $18bn merger of superapp Gojek and ecommerce […]

Clearlake Capital-backed Wellness Pet Preps IPO to Raise Over $600m

Wellness Pet, a pet-food maker backed by private equity firm Clearlake Capital Group, is preparing to go public in the U.S. as soon as this year, according to people with knowledge of the matter. The Tewksbury, Massachusetts-based company plans to seek more than $600 million in the initial public offering the people said, asking not […]

KPS Weighs Options for $3.5bn Industrial Firm Howden

KPS Capital Partners is exploring options for Scottish engineering firm Howden Group Ltd., people with knowledge of the matter said. The New York-based private equity firm is working with advisers to study a potential sale or initial public offering of Howden, according to the people. KPS is seeking to fetch a valuation of as much […]