Baring Private Equity Asia raises $11B for largest fund to date
Baring Private Equity Asia Ltd (BEPA) has gathered secured capital commitments totalling around $11 billion for its latest and biggest fund to date, according to a report by Bloomberg. The report cites unnamed sources as confirming that the Hong Kong-based investment manager raised about 70% more than a previous $6.5 billion Asia-focused fund. Several rivals […]
Nielsen shareholders approve $16B sale to private equity
Nielsen Holdings said that shareholders have voted to approve a $16bn transaction in which the measurement company would be acquired by a private equity group led by Elliott Investment Management and Brookfield Business Partners. The transaction calls for Nielsen stock to be bought for $28 a share in cash. Two meetings were held. One was […]
Ares hires Blackstone’s Serocold to target Europe’s Rich
Ares Management Corp. has hired Mark Serocold from Blackstone Inc. to run a new investment unit targeting wealthy Europeans. Serocold, who joins in November, will head the EMEA arm of Ares Wealth Management Solutions, a unit created last October to target wealthy individual investors through private banks and wealth management firms, according to people familiar […]
Copenhagen Infrastructure Partners energy transition fund hits €3B hard cap
Copenhagen Infrastructure Partners (CIP) has raised €3bn for its renewable energy generation investment fund. The manager said the CI Energy Transition Fund I (CI ETF I) was backed by investors across the Nordics, Europe, Asia-Pacific and North America with approximately a 50/50 split between existing investors in CIP funds and new investors. As previously reported, […]
KKR considers sale of Pub Chain Australian Venue
KKR & Co Inc. has hired investment bank Jefferies to help evaluate a potential sale of Australian Venue Co. Ltd., an owner of pubs and other entertainment venues, the Australian Financial Review reported. Management at the pub chain have been working on long-term forecasts that could help attract buyers, including a $1 billion-plus annual revenue […]
Golding closes two infrastructure funds well above target at combined €1.5B
Golding Capital Partners, an independent asset manager for alternative investments, has held successful final closings for its two current infrastructure funds, with total commitments of some €1.5 billion. The flagship fund of funds “Golding Infrastructure 2020” closed at €943 million, significantly above its target of €700 million, making it the biggest fund in Golding’s company […]
EQT raises private equity fund in tough market
Swedish private equity firm EQT AB has raised about €15bn so far for its new flagship fund despite wider economic and fundraising headwinds. The buyout firm has received commitments for about 70pc of the fund’s maximum cap of €21.5bn by the first close, according to a letter to investors seen by Bloomberg News. EQT expects […]
Hollysys management to lead take-private deal at $1.8B valuation
A consortium led by China’s Hollysys Automation Technologies management plans to take the U.S.-listed automation and control system maker private in a deal that would value the firm at $1.8 billion, people with knowledge of the matter said. The consortium has also held talks with banks to finance the deal and is about to secure […]
European Football could be an Own Goal for U.S. funds
U.S. investment firms might end up scoring quite a few goals with their European soccer teams. Few of them are likely to translate into decent profits. On Wednesday, Italy’s AC Milan officially passed from one American owner to another: Gerry Cardinale’s private-equity firm RedBird Capital Partners took over from Elliott Management, completing a purchase announced […]
Blackstone, Carlyle take different sides on Oil-And-Gas investment
Profits from oil-and-gas production have surged as crude prices hover at elevated levels, but volatile returns and a fraught political climate have created a divide among the biggest private-equity firms about whether investing in the sector is worth the headache. That has caused some of the biggest buyout firms to dial back their investment in […]
