Westinghouse to be sold in $7.9B deal as interest in nuclear power grows
Cameco and Brookfield Renewable Partners said they would acquire nuclear power plant equipment maker Westinghouse Electric in a $7.9bn deal including debt, amid renewed interest in nuclear energy. The deal for one of the most storied names in the American power industry at an equity value of $4.5 billion comes at a time when nuclear […]
Ares closes oversubscribed Tenth Value-Add U.S. real estate fund at $1.8B
Ares Management has held the final closing of its Ares U.S. Real Estate Fund X. It was oversubscribed with $1.8bn of commitments relative to its $1.5bn target and is more than 75% larger than its predecessor fund, which closed at $1.04bn in November 2018. “With the closing of the tenth fund in this series, we […]
Veritas Capital closes eighth flagship fund at $10.65B
Veritas Capital (Veritas), a technology and government investment firm, has held the final close of its latest flagship fund, Veritas Capital Fund VIII (Fund VIII) with $10.65 billion of aggregate committed capital. Fund VIII was significantly oversubscribed, with demand exceeding its hard cap and initial target of $8.5 billion. Veritas Capital Fund VII closed on […]
Blackstone to make $500m strategic investment in Resolution Life
Private equity giant Blackstone is to make a $500 million strategic investment in Resolution Life as part of a wider plan that will see the global life and annuity insurance consolidation business raise $3 billion in new equity capital commitments. The additional funding, which will bring the company’s overall equity capital base to more than […]
Hy24 closes clean hydrogen infrastructure fund at €2 billion
Hy24, a joint-venture between FiveT Hydrogen, the clean hydrogen-enabling investment partner, and private investment house Ardianm has closed its first impact fund – the Clean H2 Infra Fund – with €2 billion of allocations, exceeding its initial target. Hy24 says the fund is the world’s first and largest infrastructure fund to invest exclusively in the […]
Goldman Sachs to snap up British assets on the cheap as panicky UK pension funds flee
In a near-unprecedented rush by British pension funds to raise their cash holdings, Goldman Sachs and a range of other investment giants are planning to snap up UK assets at discounts of up to 30%. “We’re seeing discounts of 20 to 30 per cent for a high quality portfolio [of stakes in private equity funds],” […]
Moonfare joins the Greater Share initiative
Moonfare, the leading digital global private equity investment platform, has become the latest fund provider to bring its expertise and capabilities to support the Greater Share education model. Greater Share is an innovative UK-based initiative that aims to combine philanthropy with private equity to generate hundreds of millions of dollars in long-term grants for education charities […]
PE consortium completes $16B Nielsen acquisition
A group of private equity investors led by Evergreen Coast Capital Corp, an affiliate of Elliott Investment Management, and Brookfield Business Partners has completed the acquisition of US-based information, data and market measurement firm Nielsen Holdings in a $16 billion all-cash deal. Nielsen shareholders will receive $28 per Nielsen share in cash in accordance with […]
Thoma Bravo strikes $2.3B deal to take ForgeRock private
Software buyout firm Thoma Bravo has agreed a $2.3 billion all-cash deal to take ForgeRock private just over a year after the digital identity management company went public, according to a report by Reuters. ForgeRock shareholders will receive $23.25 for each share held, which represents a premium of about 53.4% to the stock’s last closing […]
Providence wins $1.3B auction for French software firm A2Mac
Providence Equity Partners has entered exclusive talks to buy French automotive data firm A2Mac1 for about $1.3bn, clinching one of Europe’s rare private equity buyouts in a tough financing market, two sources told Reuters. Providence signed an exclusive agreement with A2Mac1’s owner Five Arrows Principal Investments last night, trumping rival bids from buyout funds EQT and […]
