India’s Adani in talks with investors to raise $10B
Indian billionaire Gautam Adani and his family are in early discussions with investors, including Singapore investment firms Temasek and GIC, to raise at least $10bn to fund its expansion into clean energy, ports and cement businesses. Adani Group will invest more than $100bn over the next decade, most of it in the energy transition business, […]
Blackstone unveils mammoth new London HQ
Blackstone, the world’s largest alternative asset manager, announced that it has reached an agreement to establish a newly constructed, purpose-built European headquarters located in its long-term London home, Berkeley Square. Recent significant European investments include Bourne Leisure, Mileway Logistics, Sage Homes and Esdec Solar. The decision to fully lease what will be one of London’s […]
Brookfield to invest up to $1B to build plants that turn captured carbon into fuels & products
Carbon capture and transformation (CCT) company LanzaTech announced today a funding partnership with clean energy investor Brookfield Renewable, aimed at financing the development of commercial scale production plants for the transformation of carbon into materials such as sustainable fuels, fabrics, packaging. Under the new partnership, Brookfield will invest an initial $500 million for the construction […]
Morgan Stanley sees 12% CAGR for private capital market over next five years
Private capital market is set to grow at a 12% annual rate on a compounded basis to $17 trillion in assets under management (AUM) over the next five years, Morgan Stanley analysts said. As one of the highest-returning asset classes in past years, the market stands at about $10 trillion, representing about 9% of global […]
Private equity firm EIG acquires Australian LNG projects for $2.2B
MidOcean Energy, a portfolio company of private equity investor EIF, has acquired interests in four liquid natural gas (LNG) projects in Australia from Tokyo Gas Co Ltd for a combined $2.2 billion, according to a report by MarketWatch. The deal, which marks the launch MidOcean’s strategy to construct a diversified, global pure-play, integrated LNG company, […]
Vista co-founder targeting $3B for second Haveli fund
Brian Sheth, the former president of Vista Equity Partners, is targeting a $3 billion fundraise for a new software-focused private equity fund, the second from his new firm Haveli Investments, according to a report by Bloomberg. The report cites unnamed sources as revealing that formal fundraising for the new vehicle, a follow-up to the Texas-based […]
Inside CVC, the Secretive buyout firm heading into New Waters
In years past, CVC Capital Partners has hosted gatherings for senior employees in sun-kissed destinations like South Africa, Turkey or the French Riviera. The events typically kick off with morning meetings before shifting into team-building mode that includes activities ranging from mountain biking to paddle boarding. For a firm renowned for its hard-charging culture and […]
Brookfield and CAA at acquire Primary Wave stake in $2B deal
Brookfield Asset Management is to acquire a significant minority interest in independent publisher Primary Wave Music in a deal valued in excess of $2 billion, according to a report by PE Insights. Brookfield will provide an additional capital funding commitment of $1.7 billion to invest in music copyrights. An initial acquisition of over $700 million […]
KKR acquires 30% stake in Telenor at £3bn valuation
New York-based investment company KKR & Co Inc (KKR) has acquired 30% of the shares of Norwegian telecommunications company Telenor. The agreed sales price represents an enterprise value for the Norwegian fibre business of NOK36.1 billion (GBP3 billion). KKR, which was advised on the deal by a team from London-based Gibson, Dunn & Crutcher, is […]
Veritas looking into Guidehouse sale or IPO at $7B valuation
Veritas Capital is considering a sale or IPO for portfolio company Guidehouse, which could value the business at $7 billion, according to a Bloomberg report. Veritas is working with advisers to consider options and the potential sale would likely draw interest from other private equity firms and consultants, the sources in the report said. Veritas […]
