Baring Private Equity Asia buys Hinduja Group’s healthcare biz for $1.2 B
Indian firm Hinduja Group’s business process management entity, Hinduja Global Solutions Limited (HGS) has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), one of the largest private alternative investment firms in Asia. The transaction based on enterprise value of $1.2 billion, subject to closing adjustments, is […]
Blackstone to buy Canada’s WPT Industrial REIT for US$3.1-billion
Blackstone Group Inc. plans to buy Canada’s WPT Industrial REIT for US$3.1-billlion, as the private equity giant aims to capitalize on the pandemic’s major shift to e-commerce by acquiring dozens of warehouses and distribution centres. Blackstone’s REIT will pay WPT unitholders US$22 per unit to get its hands on WPT’s 110 industrial properties across 20 […]
Sands Capital Closes $560 Million Life Sciences Fund
Sands Capital held a first and final closing of its second life sciences dedicated fund, Sands Capital Life Sciences Pulse Fund II, L.P. (“Pulse II“), raising $560 million. This close increases total Pulse Strategy assets under management to more than $950 million, including Sands Capital Life Sciences Pulse Fund, L.P. (“Pulse I“) and related vehicles. The team […]
Brookfield reinsurance unit to buy American National for $5.1 billion
Brookfield Asset Management Inc’s reinsurance unit has agreed to buy insurer American National Group Inc for about $5.1 billion in an all-cash deal, the companies said on Monday. The potential deal comes as U.S. insurers are stepping up sales of annuities and other capital-intensive assets amid a surge in interest from new and established private […]
HIG Capital makes strategic investment in The Bluebird Group
An affiliate of global alternative investment firm HIG Capital (HIG) has made an equity investment in The Bluebird Group (Bluebird, a retail services consulting firm). Bluebird provides emerging and category-leading brands with outsourced retail services required to optimise online and in-store sales. The Company provides strategic planning, operations consulting, account management, digital optimisation, and data […]
Vistra launches SPAC and de-SPAC services
Vistra has launch its Special Purpose Acquisition Companies (SPAC) service, which aims to provide a tailored proposition built around the key phases of a SPAC to address each stage of growth – beginning with an IPO through to de-SPACing and business growth. Leveraging Vistra’s extensive expertise across multiple jurisdictions, sectors, and intermediary relationships, Vistra supports […]
China’s antitrust regulator starts review of Blackstone’s US$3 billion acquisition of property firm Soho China
China’s antitrust regulator has started its review of a general offer by US private-equity firm Blackstone Group to take control of property developer Soho China, a necessary step needed for the US$3.05 billion deal to be concluded. The acquirer was notified on August 3 that the State Administration for Market Regulation (SAMR) had accepted its […]
Philip Morris raised its bid to more than £1 billion in a bidding war for UK inhaler group Vectura
The battle between the owner of Marlboro cigarettes and a private equity group for control of the UK inhaler maker Vectura intensified on Sunday as Philip Morris International raised its bid to more than £1 billion. PMI’s offer of 165p a share came just two days after Carlyle, the US private equity group, raised its […]
Pension funds wary of UK government call to finance post-Covid recovery
UK pension fund trustees are balking at government efforts to encourage them to spend billions on the nation’s economic recovery, warning over potential conflicts of interests for their savers. In an unprecedented intervention last week, prime minister Boris Johnson and chancellor Rishi Sunak published a letter to the industry, urging it to plough more cash […]
Carlyle Group exits India’s SBI Life Insurance
International private equity investment firm Carlyle Group has divested its holdings of 1.9% in SBI Life Insurance Company. The shares were sold by Carlyle subsidiary CA Emerald Investments through open market transactions, for a total value of INR21.47 billion (SG$390 million). CA Emerald first acquired a 9% stake in SBI Life Insurance from BNP Paribas […]
