Carlyle credit arm invests $1.5B in Citrix and Nielsen buyout debt
Carlyle Group’s credit arm has invested a combined $1.5bn in the debt of two of the highest profile deals of the year so far, the buyout of Citrix Systems Inc and Nielsen Holdings Plc, according to a report by Bloomberg. The report cites unnamed sources as revealing that Carlyle has invested around $750m in the […]
Credit Suisse places U.S. asset management arm for sale
Credit Suisse Group AG is considering a sale of its US asset management business, according to people familiar with the matter. Globally, Credit Suisse’s asset management business managed 427 billion Swiss francs ($429 billion) of assets aas of the end of the second quarter, according to a company statement. Credit Suisse’s American depositary receipts rose […]
Riverside Company makes Outsolve investment
The Riverside Company, a global private investor focused on middle market business valued at up to $400 million, has invested in OutSolve, a provider of outsourced labour and employment compliance solutions. In addition to pursuing organic growth through building scale in areas such as pay equity, DE&I and ESG, Riverside plans to continue the company’s […]
Bob Diamond’s Panmure Gordon in takeover talks with City Rival
Panmure Gordon, the British boutique investment bank controlled by Bob Diamond’s private equity vehicle, is in talks with City of London rival finnCap Group Plc about a possible takeover. FinnCap is in “early” discussions with Panmure Gordon, it said in a statement Tuesday. The non-binding proposal from Panmure Gordon would see it buying finnCap for […]
BlackRock and Manulife Investment Management back Zenyth Partners’ continuation fund
Zenyth Partners (Zenyth), a healthcare-focused private equity firm specialising in consumer-facing and tech-enabled healthcare services, has closed a continuation fund composed of both secondary and primary capital commitments, co-led by funds managed by BlackRock and Manulife Investment Management with support from Newbury Partners. The fund has acquired minority stakes in three portfolio companies (the Sale […]
EQT nears Baring deal finish line in PE’s biggest buyout
EQT AB has completed the acquisition of Hong Kong-based Baring Private Equity Asia, as the Swedish investment firm looks to capture the region’s bright prospects. The deal combines the two firms’ Asia private equity teams to create BPEA EQT, while Baring’s real estate business will be integrated into EQT’s, according to a statement confirming a […]
Cerberus Capital set for big payday from Kroger’s $24.6B deal for Albertsons
Cerberus Capital Management and a consortium of real estate investors are in line for a big payday if Kroger’s proposed $24.6 billion acquisition of rival US grocery retailer Albertsons is cleared by regulators, according to a report by the Financial Times. Kroger has agreed to acquire Albertsons in a deal that would create one of […]
Norway’s Equinor may buy UK oilfields from CNOOC
Equinor is considering buying British oilfield assets from China’s CNOOC for between 20 billion and 30 billion Norwegian crowns ($1.9-billion-$2.8 billion), Norwegian newspaper DN reported on Monday, citing unnamed sources. Equinor did not immediately respond to a request for comment when contacted by Reuters. Read at Reuters
Broadcom banks on early EU approval of $61B VMware deal
U.S. chipmaker Broadcom will seek early European Union antitrust approval of its proposed $61 billion buy of cloud computing company VMware by pointing to competition from Amazon, Microsoft and Google, people familiar with the matter said. Tech deals have drawn intense scrutiny from regulators around the world concerned about power concentration in a few players […]
Russell Investments launches new global unlisted infrastructure fund
Global investment solutions provider Russell Investments has launched a new global unlisted infrastructure fund. The Luxembourg-domiciled open-ended private markets fund aims to invest in opportunities that address the need for new infrastructure solutions to meet evolving social and economic demands. It is classified as Article 8 for SFDRi purposes, in line with the firm’s commitment […]
