EQT Private Equity sells its stake in GPA Global
EQT is pleased to announce that the EQT Mid Market Asia III fund has completed the sale of its co-control stake in GPA Global to Ontario Teachers’ Pension Plan Board. GPA’s expansion has partly been enabled by the successful completion of seven strategic add-on acquisitions. These acquisitions served to diversify the Company’s revenue base, enhance […]
Baring passes on $6B in deals amid Bet prices to drop
Baring Private Equity Asia is passing up on as much as $6 billion of deals as it awaits a further decline in valuations amid an outlook for a possible global recession, in a sign that this year’s slowdown in private-equity transactions may have further to run. “There’s no shortage of investment opportunities, the issue is […]
Volkswagen targets $75B for Porsche IPO valuation
Volkswagen AG is looking to raise as much as 9.4 billion euros ($9.41 billion) from the initial public offering of its iconic sports-car maker Porsche AG in what could be Europe’s largest listing in more than a decade. The German carmaker said late Sunday it is seeking a valuation of 70 billion to 75 billion […]
Apollo taps bond investors for M&A as Banks Retreat from Risk
Diminishing appetite and higher fees amongst banks to underwrite debt deals for their clients is resulting in private equity giants such as Apollo Global Management Inc. sidestepping banks and tapping investors directly for their acquisition needs. Banks arranging the 350 million euro ($349 million) high-yield bond sale for Apollo-owned Lottomatica SpA, including Barclays Plc and […]
Silver Lake ups stake in Manchester City owner
Renowned tech investor has turned its sights on sport and is now second-largest shareholder in City Football Group US private equity group Silver Lake has increased its stake in the parent company of Manchester City Football Club, making it the second-largest shareholder in the business behind its Abu Dhabi owners. The Silicon Valley-based firm acquired […]
Veritas Capital to acquire Sequa from Carlyle
An affiliate of Veritas Capital (Veritas), a technology and government investment firm, is to acquire Sequa Corporation (Sequa), parent company of Chromalloy, from funds managed by global investment firm Carlyle. Financial terms of the transaction have not been disclosed. Sequa, through its subsidiary Chromalloy, is a global technology company and a solutions provider for aircraft […]
GIC and Oak Street to acquire STORE Capital in $14B deal
GIC, a global institutional investor in partnership with Oak Street, a Division of Blue Owl, one of the largest net lease investors, are to acquire STORE Capital Corporation, an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, in an all-cash transaction valued at approximately $14 billion. Under […]
Ares Management raises $3.7B of Sports, Media and Entertainment Capital
Significant Debt and Equity Investments Include Atlético de Madrid, the San Diego Padres, McLaren Racing and Inter Miami CF Ares Management Corporation, a leading global alternative investment manager, announced today that it has raised $3.7bn of dedicated capital focused exclusively on investing in sports leagues, sports teams and sports-related franchises, as well as media and […]
SER Capital Partners closes debut fund at $475m
SER Capital Partners (SER), a private investment firm dedicated to sustainability, has held the final closing of its SER Capital Partners I, LP and affiliated vehicles with $475 million in capital commitments. The fundraise exceeded SER’s stated target with the support of aligned and well-capitalised limited partners that include a diverse group of leading endowments, […]
Stafford Capital raises record €731m for fourth secondaries fund
Stafford Capital Partners has closed its latest fund with €731 million in capital commitments making it the largest in the private markets firm’s history, and taking the firm’s total infrastructure AUM to $1.7 billion, according to a report by AlternativesWatch. Stafford also raised an additional £100 million ($116 million) for a managed account that will […]
