BlackRock Real Assets buys stake in Australian EV charging provider JOLT Charge
BlackRock Real Assets, the realty investment arm of global asset manager BlackRock, has acquired an equity stake in Australian electric vehicle charging provider JOLT Charge, according to an announcement. This marks the first investment in the EV charging sector by BlackRock Real Assets in the APAC region from its latest Global Renewable Power strategy. The […]
Spark accepts $5.2bn takeover bid from American consortium
Australian electricity network owner Spark Infrastructure has accepted a $5.2 billion takeover bid from a North American consortium led by private equity giant Kohlberg Kravis Roberts & Co. On Monday, Spark Infrastructure announced the finalisation of its takeover by a North American consortium, comprised of Kohlberg Kravis Roberts & Co, Ontario Teachers’ Pension Plan Board, […]
LeapFrog acquires 16.94% stake in Fidelity Bank Ghana Limited
LeapFrog Investments, a Profit with Purpose investment firm, has acquired a 16.94 per cent stake in Ghana’s largest privately-owned bank, Fidelity Bank Ghana Limited from Amethis, an investment fund manager dedicated to the African continent, and Edmond de Rothschild Equity Strategies (ERES), a mid-cap growth and buy-out franchise affiliated with the Edmond de Rothschild Group, […]
Mubadala Capital Closes Private Equity Fund III at $1.6 Billion
Mubadala Capita closed its third Private Equity fund, at $1.6 billion. MIC Capital Partners III (“Fund III”) raised capital commitments from a diverse set of new and existing investors including leading pension plans, endowments, insurance plans, government institutions, family offices and private equity firms across North America, Europe, the Middle East and Asia. The fund is focused on direct investments in […]
Sainsbury’s could be next in line for private equity interest
With Morrisons already in a bidding war, UK supermarkets are attracting returns-hungry investors Sainsbury’s could be on the shopping list of private equity outfits as the race to buy Morrisons highlights the attractiveness of the big supermarket chains to investors. Last week the buyout firm Clayton, Dubilier & Rice (CD&R) won the backing of the Morrisons board for its […]
Blackstone Backs $784 Million U.S. Student Housing Portfolio
Blackstone Inc. is broadening its bet on U.S. student housing, forming a $784 million joint venture with Landmark Properties. The new partnership will recapitalize a portfolio of buildings with 5,416 beds, according to a statement on Friday. “We’ve seen a very quick uptick in student housing occupancy to pre-Covid levels, which is one of the […]
SoftBank-backed DriveWealth raises $450 mln at nearly $3 bln valuation
SoftBank-backed DriveWealth has raised $450 million in fresh capital as part of a late-stage financing round co-led by private equity and venture capital firm Insight Partners and Accel, valuing the fintech firm at $2.85 billion. Founded in 2012, DriveWealth offers technology that allows companies to offer fractional trading services. So-called fractional shares are offered by […]
Blackstone funds to invest up to $ 500m in Array Technologies
Private equity funds managed by Blackstone Energy Partners have committed to pour $350 million (€299.6m) into US solar tracker maker Array Technologies Inc (NASDAQ:ARRY), with the option to invest more. New Mexico-based Array Technologies announced it has agreed to sell up to $500 million of perpetual preferred stock to Blackstone Inc’s (NYSE:BX) energy-focused private equity […]
Ares seeks $4 billion for distressed investing
Private equity firm Ares Management Corp is seeking to raise $4 billion for its second fund that is focused on investing in the debt and equity of companies in financial distress, people familiar with the matter said on Friday. The Los Angeles-based firm raised its first such fund, Ares Special Opportunities Fund, in the wake […]
Morrisons agrees to £7bn takeover deal by US equity group CD&R
Morrisons (MRW.L) has agreed to a £7bn ($9.5bn) takeover by US private equity group Clayton, Dubilier & Rice (CD&R), which upped its bid for the supermarket chain, taking on rival suitor Fortress Investment Group. Morrisons’ share price surged 4.5% on Friday morning. Earlier, CD&R had made an offer of 230p a share, which valued Morrisons […]
