BC Partners said to near deal to acquire Italian paper maker Fedrigoni from Bain Capital
European buyout house BC Partners is said to be close to reaching a deal to buy Italian paper manufacturer Fedrigoni from Bain Capital at a valuation of €3bn. BC Partners was said to have fallen well short of its €8.5bn goal for its new flagship buyout fund after struggling to persuade some of its long-term backers to […]
Ardian attracts about $10B so far for new secondary fund
Multistrategy asset manager Ardian has corralled roughly $10bn of investor interest so far for its latest vehicle to buy secondhand stakes in private-equity funds and plans a first close for the pool in early October, according to people familiar with the matter. The Paris-based firm has a target of $15bn for its Ardian Secondaries Fund […]
Private Credit giants curb buyout lending spree in Big Shift
The giants of private credit – the only game in town lately for big-ticket leveraged buyouts – are dialing back on risk, in a turning point that threatens to reduce crucial financing for mega deals. Blackstone, Apollo Global Management, Ares Management, KKR, Antares Capital and the asset management arm of Goldman Sachs Group Inc. are […]
Blackstone draws over $24B commitments for latest real estate fund
Buyout giant Blackstone has secured commitments worth $24.1bn for its latest real estate fund, according to a regulatory filing. The size of the new fund, called Blackstone Real Estate Partners X, could go up to $30.3bn when it is finalized, the Wall Street Journal reported, citing people familiar with the matter. The New York-based private-equity […]
F.C. Barcelona is selling additional TV rights stake to Sixth Street
FC Barcelona has reached an agreement to sell an additional stake in the team’s LaLiga media rights to private equity firm Sixth Street, according to a person familiar with the matter. Sixth Street, which agreed in June to buy 10% of the television rights for $217 million (207.5 million euros), is now buying an additional […]
Amazon to buy Carlyle’s primary-care firm One Medical in $3.9B all-cash deal
Amazon.com Inc. announced it would buy primary-care company One Medical for US$18 a share, the latest move by the e-commerce giant to muscle into the healthcare market. The all-cash transaction has an equity value of US$3.49 billion. But unlike other investor-backed clinic chains such as Oak Street Health Inc., One Medical has historically focused on […]
Aztec Group supports Advent International with $25bn fundraise
Fund and corporate services provider, the Aztec Group, has supported longstanding client, Advent International (Advent), with the fundraising activities and final close of its 10th global private equity fund, Advent International GPE X (GPE X). Raising $25 billion in commitments after less than six months in the market, it marks Advent’s largest-ever fundraise and brings […]
Carlyle, Advent close in on $1bn Yes Bank stake
Yes Bank’s plan to bring Carlyle and Advent on board as equity investors for about $1bn has gathered pace, following the proposed sale of the lender’s stressed assets to JC Flowers Asset Reconstruction Company and the constitution of a new board, said people in the know. ET was the first to report on February 4 and March 4 about […]
SkyBridge to launch new Web3 and crypto-focused fund
Skybridge Capital, the investment firm founded by Anthony Scaramucci, is to launch a new fund focused on investments in Web3 and the cryptocurrency space, according to a report by BusinessInsider. The news comes hot on the heals of a revelation earlier this week that Skybridge has suspended withdrawals from Legion Strategies, a $230 million fund […]
LGT Capital Partners holds final close of Crown Co-investment Opportunities III at $2B
LGT Capital Partners (LGT CP) has held the final close of Crown Co-investment Opportunities III (CCO III), its third dedicated co-investment fund, at $2.0 billion, well above its initial target size of $1.5 billion. Crown Co-investment Opportunities III (CCO III) continues the investment strategy of its predecessor funds and seeks to build a diversified portfolio […]
