LaSalle Asia Opportunity VI raises over $2.2B
LaSalle Investment Management (LaSalle) has raised over $2.2 billion of equity for LaSalle Asia Opportunity VI (LAO VI), including sidecars and co-investment programmes, exceeding its initial target of $1.5 billion. The committed capital has been secured from global institutional investors and will provide buying power for over US$7 billion worth of assets. LAO VI is […]
Kim Kardashian starts private equity firm with Carlyle partner
Reality television star and entrepreneur Kim Kardashian and a former partner at Carlyle Group Inc are launching a new private equity firm focused on investing in consumer and media businesses, the Wall Street Journal reported on Wednesday. The new firm to be launched by Kardashian and Jay Sammons will be named SKKY Partners, the WSJ […]
Proxy firm ISS recommends Zendesk shareholders back $10.2 bln go-private deal
Software company Zendesk Inc’s shareholders should vote for a planned acquisition by a group of private equity firms, a prominent proxy advisory firm recommended on Tuesday. The proxy firm issued its recommendation days before shareholders are set to vote on Sept. 19 and after hedge fund and investor Light Street Capital Management proposed that Zendesk […]
EIG Global to buy stake in Repsol Upstream Unit for $3.4 Billion
Spanish oil and gas giant Repsol SA is selling a quarter of its exploration and production division for $3.4 billion to a US private equity firm, in a dramatic downsizing of its exposure to fossil fuels. The transaction comes after the Spanish firm agreed in June to sell a 25% stake in its clean-energy unit […]
Investcorp, Mubadala back TruKKer fundraise ahead of planned IPO
Middle Eastern logistics startup TruKKer raised $100 million from investors including Bahrain-based asset manager Investcorp and Abu Dhabi wealth fund Mubadala Investment Co., in what’s likely to be its last funding round ahead of a planned listing. The latest round was led by Investcorp — the first deal from a $500 million pre-IPO fund, according […]
EQT to buy Marcellus Gas and Pipeline assets for $5.2 Billion
EQT Corp., the largest US natural gas producer, agreed to acquire a privately held competitor in a $5.2 billion deal to expand holdings in the prolific Marcellus shale. The Pittsburgh-based driller will take over THQ Appalachia I LLC, a Tug Hill-operated company that’s backed by Quantum Energy Partners, in a cash and equity transaction, the […]
Aston Martin will raise $660M in rights issue
The latest fundraising will allow Aston Martin to lower its debt and invest in new models Aston Martin is raising 575.8 million pounds ($660 million) in a rights issue as major investors including Saudi Arabia’s sovereign wealth fund keep faith with the struggling luxury UK automaker. The rights issue is part of a previously announced […]
CVS agrees to buy Signify Health for about $8 Billion
CVS Health Corp. reached a deal to buy home-health and technology services provider Signify Health Inc. for about $8 billion, as the drugstore chain continues to expand beyond its retail origins. CVS is acquiring Signify for $30.50 a share in an all-cash deal, according to a statement Monday. The company emerged as the winning bidder […]
Fountainvest, TPG, Warburg among bidders for Carlyle’s Ambio stake
Private equity firms Fountainvest Capital Partners, TPG and Warburg Pincus are among final-round bidders for Carlyle Group’s stake in AmbioPharm Inc, people with knowledge of the transaction told Reuters. Carlyle, which is targeting a valuation of $1 billion for Ambio in a sale, is expecting binding bids in the coming days, said three of the […]
Veritas Capital to buy Carlyle’s Chromalloy for $1.6B
Private equity firm Veritas Capital Fund Management has agreed to buy aircraft parts manufacturer Chromalloy Gas Turbine from Carlyle Group for more than $1.6bn, including debt, according to people familiar with the matter. Chromalloy will be Veritas Capital’s latest acquisition in the aerospace and defense sector. In 2015, Veritas acquired aircraft servicing firm StandardAero Aviation […]
