Temasek-owned Vertex Venture Holdings raising S$450m in debt
Temasek-owned Vertex Venture Holdings, a private entity in the business of venture capital (VC), is issuing S$450 million of seven-year senior unsecured bonds with a 3.3 per cent coupon. This is the first time Vertex is publicly issuing bonds. The funds raised will be used for refinancing of existing borrowings, redemption of any redeemable preference […]
Q-Energy closes fourth renewable energy fund at €1.1 billion
Q-Energy, a global investment and management company in renewable energy, has held the final closing of its fourth fund, Q-Energy IV, with an investment capacity of EUR1.1 billion in equity, which will allow the manager to mobilise more than €5 billion into the sector including debt. Q-Energy launched its fourth fund in May 2020, and […]
McLaren secures £550million of new investment
The McLaren Group has been given a vital cash injection to the tune of £550million McLaren’s road and racing car divisions have received a fresh round of investment, with a new £550million cash injection from both new and existing investors. This comes after the sale of McLaren’s Foster and Partners-designed HQ in Woking, to help […]
Private equity is key to recovery and growth of UK businesses
Private equity seems to be an industry marred with controversy. In recent months, coverage around prominent merger and takeover deals has proven to be overwhelmingly negative. Private equity firms have been presented as exploitative and aggressive entities, taking advantage of companies at risk of falling into administration due to the challenges by the COVID pandemic […]
PSG invests in Visualfabriq
PSG, a growth equity firm that focuses on partnering with middle-market software and technology-enabled services companies, has invested in Visualfabriq, an international provider of AI-enhanced revenue growth management software. Visualfabriq’s Software-as-a-Service (SaaS) platform supports global consumer packaged goods (CPG) manufacturers in managing and optimising their promotions and demand planning. PSG’s investment aims to accelerate Visualfabriq’s […]
Blackstone to acquire $7.3B of AIG insurance and housing business
American International Group will be selling a 9.9 percent equity stake in its life and retirement assets. Blackstone will be purchasing AIG insurance and housing business assets representing a 9.9 percent stake and will pay $2.2 billion in cash for the acquisition. The private equity giant and insurer agreed to a “long-term strategic asset management […]
ASDA ACQUISITION WINS DEAL OF THE MONTH
The £6.8bn takeover of Asda has been named as Deal of the Month for June. Euro Garages owners Mohsin and Zuber Issa, and investment funds managed by private equity firm TDR Capital, completed a deal to acquire the chain from US owner Walmart for an enterprise value of £6.8bn, on a debt-free and cash-free basis. […]
Blackstone to acquire majority stake in Simplilearn for $250M
Blackstone has entered into a definitive agreement to acquire a controlling stake in Bengaluru-based edtech startup Simplilearn. According to sources, the deal size is pegged at $250 million. Founded in 2010 by Krishna Kumar, Simplilearn has been profitable for the fourth year in a row, the company said in a statement. The platform offers over 100 programs […]
Typhoo Tea is latest British business to be bought by private equity amid wave of dealmaking by buy-out companies
Typhoo Tea is the latest British business to be bought by a private equity firm amid a wave of dealmaking by City buy-out companies. Industry sources said London-based Zetland Capital, led by dealmaker Ahmed Hamdani, has secretly snapped up a majority shareholding in Typhoo Tea. Zetland is taking control of Typhoo Tea from the Indian […]
Blackstone pays £969m for student digs firm: Private equity giant snaps up another UK bargain
Blackstone has made its second swoop in a matter of weeks on a FTSE 250 property company. Blackstone has teamed up with Dutch pension fund manager APG Asset Management to buy student halls operator GCP Student Living for £969million. GCP has accepted the deal and has urged shareholders to get behind it too. FTSE 250 […]
