Florida adopts anti-ESG rule for state’s $186B pension plan
Florida Gov. Ron DeSantis’ administration on Aug. 23 approved a resolution to bar the state’s $186bn pension fund from considering environmental, social or governance factors when making investment decisions. The state’s defined benefit pension plan has lost $20 billion since the beginning of the year, said Lamar Taylor, the fund’s interim chief investment officer and […]
ADDX launches cash management solution, in tie-up with Lion Global Investors
Dubbed “ADDX Earn”, the first two funds launched are managed by OCBC Group’s Lion Global Investors and they comprise high-quality, low-volatility liquid debt instruments SINGAPORE, 29 AUGUST 2022 – Asia’s largest private market exchange ADDX has launched a cash management tool that allows investors with excess funds in their wallets to earn interest, instead of […]
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 […]
Ardian shelves $3 Billion sale of health IT firm Dedalus
Ardian SAS is shelving the planned sale of a majority stake in Italian health-care software provider Dedalus, people with knowledge of the matter said. Ardian was seeking to value the business at more than 3 billion euros ($3 billion), Bloomberg News has reported. The deal joins a number of transactions that have recently been put […]
Francisco Partners in talks to buy music publisher Kobalt
Francisco Partners is in advanced talks to acquire music-publishing and technology service Kobalt Music Group Ltd., according to people familiar with the matter. The San Francisco-based buyout firm has been discussing a purchase price of about $750 million to $1 billion, the people said, asking not to be identified because the information is private. This […]
Blackstone eyes IPO filing for $2.5 Billion India Mall portfolio
Blackstone Inc. is planning to file as soon as next month for an initial public offering of its Indian shopping mall portfolio that could raise about $500 million, people familiar with the matter said. The private equity firm has been interviewing advisers for the Mumbai listing of a real estate investment trust, according to the […]
Ramsay Rejects KKR-led group backup plan in $14 Billion takeover
The KKR & Co.-led consortium that wants to take Ramsay Health Care Ltd. private confirmed its A$20.1 billion ($14 billion) bid, while putting forward an alternative plan that the takeover target said is inferior. The consortium led by KKR hasn’t identified any matters that would cause it to terminate talks to buy Ramsay Health for […]
Lippo Karawaci mulls buying CVC’s Siloam Hospitals stake
Indonesian property developer PT Lippo Karawaci is considering buying CVC Capital Partners’s stake in PT Siloam International Hospitals, according to people familiar with the matter. Lippo Karawaci, which owns about 58% in the Jakarta-listed company, is in talks with the private equity firm for its 26% stake, the people said, asking not to be identified […]
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 […]
SoftBank-backed Tridge scores $2.7bn valuation in the latest investment round
Softbank-backed Tridge said it has secured funding round at a postmoney valuation of $2.7bn. The latest funding, led by South Korean private equity firm DSAsset, brings Tridge’s total financing to $111.7m since its inception in 2015. The new valuation represents about 440%, or 5.4x, increase over Tridge’s postmoney valuation of $500 million in July 2021 […]
