Antin holds first close of Flagship Fund V with more than €5B in commitments
Antin Infrastructure Partners has held a first close for its fifth flagship fund, its largest to date, raising more than €5 billion to invest in infrastructure opportunities. Antin expects to hold a second closing before year-end. With a target of €10 billion and hard cap set at €12 billion, Flagship Fund V will continue to […]
Brookfield in advanced talks to buy Hong Kong firm Trimco
Brookfield Asset Management Inc. is in advanced talks to acquire Hong Kong-based clothing label maker Trimco Group from buyout firm Affinity Equity Partners, according to people familiar with the matter. The investment firms are hammering out the details of a transaction that could value Trimco at as much as $1 billion, the people said, asking […]
Baring Private Equity Asia approaches DXC Technology on takeover
Baring Private Equity Asia Ltd., the pan-Asian buyout firm that’s merging with EQT AB, has made a takeover approach to US information-technology services provider DXC Technology Co., according to people familiar with the matter. Takeover speculation has been rife around the Ashburn, Virginia-based company, which rose 9% to $28.45 at 1:43 p.m. in New York […]
Blackstone in talks to buy Emerson Electric Assets
Emerson Electric Co. is in talks with Blackstone Inc. to sell at least part of its commercial and residential solutions business, according to people familiar with the matter. A deal could be valued at between $5 billion to $10 billion, depending on how much of the portfolio changes hands, said the people, who asked to […]
Musk to proceed with original $44bn offer for Twitter before trial
Elon Musk is proposing to go ahead with his original offer of $44bn to take Twitter private, a securities filing showed on Tuesday, signaling an end to a legal battle that could have forced Musk to pay up. Twitter shares jumped 22.2% to close at $52.00, while Tesla shares gained 2.9% to $249.44. The news […]
Vista exits AGDATA after eight years to Levine Leichtman Capital Partners
Levine Leichtman Capital Partners has bought agribusiness workflow and data services provider AGDATA from Vista Equity Partners. AGDATA is the second platform investment by LLCP Lower Middle Market Fund III, which it closed on its increased hard cap of $1.38bn last year. Vista was almost halfway to its $20bn target for its latest flagship buyout fundraise […]
German football reopens its door to private equity
Bundesliga in talks with buyout firms about multibillion-euro investment as it seeks to catch up with rivals Germany’s Bundesliga has revived talks with buyout groups over a multibillion-euro investment, as the need to close the gap to wealthier football leagues forces clubs to review their resistance to the private equity industry. Over the past three […]
Jefferies sells Oak Hill Capital stake to Kuwait-backed Wafra
Wafra Inc., the alternative-asset manager that invests on behalf of Kuwait, acquired a minority stake in private equity firm Oak Hill Capital from Jefferies Financial Group Inc. Jefferies said in a securities filing on Friday that it realized about $175 million in net revenue from the sale of its interest in Oak Hill and certain […]
Blackstone, KKR defy global private debt slump with bets on Asia
Direct-lending behemoths from Blackstone to KKR are looking to expand in Asia’s fledgling private-debt sector, targeting firms shut out of volatile public markets but healthy enough to survive surging inflation and a potential recession. Bucking an industry-wide slowdown, some of these alternative-asset powerhouses are building up their presence in the region at a brisk pace. […]
Private Equity-backed Breitling CEO eyes deals after turnaround
In the five years since CVC Capital Partners bought control of Breitling AG, the company has more than quadrupled its equity value and is on the cusp of re-joining the Top 10 Swiss brands of luxury watches. Now Georges Kern, who gave up a top job at luxury emporium Richemont to lead the revival, is […]
