Veritas Capital considers selling or taking public $7 Billion Guidehouse
Veritas Capital is considering selling or taking public Guidehouse early next year in a deal that could value the consulting firm at about $7 billion, according to people familiar with the matter. A sale of Tysons Corner, Virginia-based Guidehouse would likely draw interest from other private equity firms and consultants, said the people, who asked […]
Quinbrook sells Scout Clean Energy to Brookfield for $1B
Quinbrook Infrastructure Partners (Quinbrook), a specialist investment manager focused exclusively on new infrastructure needed for the energy transition, is to sell its portfolio company, Scout Clean Energy (Scout), to Brookfield Renewable for c$1 billion in cash on completion. Quinbrook acquired Scout as a start-up in 2017 for an initial investment of just $6 million. A […]
EQT to take Billtrust back into PE ownership with $1.7B buyout
Private equity giant EQT is to take Billtrust private again in a $1.7 billion deal less than two years after the automated payments specialist listed on Nasdaq via a SPAC merger, according to a report by AltAssets. Billtrust, which provides cloud-based B2B accounts receivable automation and integrated payments, was previously financed by Goldman Sachs Private […]
Apollo’s $3.9 Billion Brightspeed LBO debt is finding few takers
A group of banks led by Bank of America Corp. and Barclays Plc are struggling to attract investors for a roughly $3.9 billion debt financing package to help fund a buyout by Apollo Global Management Inc., potentially forcing them to fork over the cash themselves. In the latest blow for Wall Street lenders since the […]
BlackRock replaces China Wealth Unit head as pressures mount
BlackRock Inc. is replacing the head of its China wealth management unit, less than two years after the investment giant began competing in the $4 trillion market. BlackRock CCB, which the world’s largest asset manager controls with a 50.1% stake, won approval to commence business in May last year, the second global firm to do […]
Brookfield, TPG among potential bidders for Mashreq Payments Unit
Brookfield Asset Management Inc. and Network International Holdings Plc are among potential bidders for UAE lender Mashreqbank PSC’s payments unit, according to people familiar with the matter. Buyout firm TPG Inc. is also among suitors interested in the unit that could be valued at $500 million to $700 million, the people said, asking not to […]
KKR-led $13B buyout of Australia’s Ramsay Health collapses
A KKR led group has withdrawn a $13bn bid for Australian hospital operator Ramsay Health Care after talks hit a stalemate, killing Australia’s biggest deal of the year and sending the target’s shares tumbling. The would-be buyers had proposed paying A$88 per share in cash for the company in April, but cut the cash component […]
BlackRock sees insurers with $28 Trillion adding Private Assets
Insurers are poised to pump hundreds of billions of dollars into private assets over the next two years as they seek to overcome the highest inflation in four decades and heightened recession risk, according to BlackRock. “Their resolve to continue investing and growing their allocations to private assets has not changed” even as yields rise […]
Blackstone acquisition values sunscreen brand Supergoop at up to $700m
Blackstone’s growth fund has bought a majority stake in sunscreen brand Supergoop at a $600 million to $700 million valuation, according to a report by Private Equity Insights. The firm said Blackstone’s investment will boost the company’s product range into the athletes and babies markets, and also extending its geographical reach to China. Goldman Sachs […]
BPEA exploring $8B merger of two business services portfolio companies
Baring Private Equity Asia (BPEA) is said to be looking to merge two of its portfolio companies – Tricor and Vistra – to create a new company at a valuation between $7 billion and $8 billion, according to a report by Bloomberg. Vistra specializes in corporate growth support including risk management and compliance, covering private […]
