Blackstone closes in on burrito maker Zambrero
Global private equity giant Blackstone has turned on the charm at Australian born-and-bred fast food chain Zambrero. Bankers reckon Zambrero would likely be worth more than $500 million, based on its network of more than 230 restaurants, although much would depend on the sort of transaction its founder was seeking. The talks come as rival […]
New York Yankees and LA Fund to join investors in AC Milan
The New York Yankees baseball franchise and a Los Angeles investment fund are preparing to announce an investment in Italian football club AC Milan alongside US private equity group RedBird, which is closing in on the €1.2bn acquisition of Italy’s football champions, the Financial Times has revealed, citing two people with direct knowledge of the […]
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 […]
DTCP holds second close of Digital Infrastructure Vehicle II at about €1B
DTCP has held the second closing of its Digital Infrastructure Vehicle II (DIV II) with around €1 billion of capital commitments. The Fund was launched in June 2021 and has raised additional capital from new, leading international investors, including BlackRock and abrdn, as well as a sovereign wealth fund from the Middle East and various […]
Thoma Bravo leads $130m Series D round for mental health provider network Alma
Mental health care provider membership network Alma has picked up a $130m Series D investment round led by private equity major Thoma Bravo. Cigna Ventures and existing backers Insight Partners, Optum Ventures, Tusk Venture Partners, Primary Venture Partners and Sound Ventures also took part in the round, which more than double’s Alma’s total funding to […]
Blackstone establishes corporate private equity West Coast presence in San Francisco
Blackstone announced its Corporate Private Equity business is expanding its North America footprint through a new team based in San Francisco – building on the firm’s existing strong presence in its San Francisco office across its other business units. Mr. Bavishi was previously based in New York and has been a member of Blackstone’s Private […]
Ampersand closes oversubscribed fund at $1.2B hard cap
Ampersand Capital Partners has held the final closing of the firm’s latest fund, Ampersand 2022 (AMP-22) Limited Partnership, with $1.2 billion in limited partner commitments. This fund, which is Ampersand’s eleventh primary fund since 1992, was significantly oversubscribed and held a single close less than three months after launch. Ampersand secured commitments from a diversified […]
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 […]
Private equity investors worried about valuations
Venture capital and private equity investors are becoming concerned over the exit environment, and the majority believe the asset class is overvalued, a new survey from Preqin shows. Venture capital is the asset class the research firm views most at risk from current economic and market volatility because venture-backed firms have much in common with […]
The listed private equity quartet held roughly $416B in dry powder at the end of Q2
The four largest publicly traded alternative asset managers – Apollo Global Management Inc., Blackstone, Carlyle, and KKR – held roughly $416bn in dry powder at the end of the second quarter, said a study. The quartet aims to take advantage of the same market turbulence that curbed investment performance and sent their stocks tumbling in […]
