WarnerMedia Parent AT&T Sells DirecTV Stake To Private Equity Firm TPG
WarnerMedia parent AT&T has clinched hotly anticipated deal to sell a significant minority stake in satellite broadcaster DirecTV to private equity group TPG in a deal that will net the telecom giant $7.8 billion. The deal, expected to close in the second half of 2021, values DirecTV’s video business at $16.25 billion. In a hastily […]
EPF launches world’s largest syariah private equity SMA fund with US$600m allocation
The Employees Provident Fund (EPF) said it had launched a syariah private equity (PE) direct and co-investment separate managed account (SMA) fund with an allocation of US$600 million (RM2.43 billion). This is the world’s first and largest syariah private equity SMA fund, said the EPF in a statement today. Through the allocation, the EPF will […]
CCI nod for Blackstone’s acquisition of Piramal Glass
The Competition Commission of India (CCI) has approved the Blackstone Group Inc’s deal to acquire Piramal Glass, which is a unit of the billionaire Ajay Piramal-led Piramal Group. At an enterprise valuation of about $ 1 billion, this deal is the largest ever transaction for a packaging company in India. Piramal Glass designs and manufactures […]
KB Associates acquires Luxembourg ManCo EFG Fund Management
KB Associates (KBA), a professional services firm advising investment funds and asset managers, is to acquire EFG Fund Management SA, a Luxembourg-based management company and subsidiary of EFG International AG, the Swiss Private Banking Group. KBA specialises in the provision of management company, governance and compliance services to investment funds and asset managers. Founded in […]
Carlyle emerges as sole bidder to take over Mphasis from Blackstone
Private equity fund Carlyle Group has emerged as the sole bidder to buy Mphasis, owned by the Blackstone Group, in what would be the largest buyout in the Indian IT industry, multiple people involved with the deal said, The Economic Times reported. The offer to get Blackstone’s controlling 56.12 percent stake is believed to be at Rs […]
Francisco Partners to buy Israeli co MyHeritage
Israeli genealogy company MyHeritage has announced that private equity firm Francisco Partners has signed a definitive agreement to acquire it. No financial details were disclosed but market sources estimate that the Israeli company, which has developed DNA testing for ancestry and genetic testing through a platform with software, web and mobile products, is being acquired for $600-700 […]
HIG Capital expands European direct lending team
HIG Capital (HIG) has expanded its European WhiteHorse Direct Lending team with the addition of Ignacio Blasco as a Managing Director. Blasco will be based in HIG’s Madrid office. Blasco has over 28 years of experience in leveraged finance and direct lending, covering a wide range of sectors and investment strategies. Prior to joining HIG, […]
York Capital Bolsters Private Equity Team and Announces Promotions
York Capital Management (“York”), a global private investment firm, today announced that seasoned private equity investor Seth Pearson has joined York’s private equity group as Managing Director. Mr. Pearson will be responsible for deal sourcing, transaction execution, and portfolio company oversight and will be joining the investment committee of the York Special Opportunities Fund III […]
Dubai Private Equity Firm to Invest $4.8 Billion of Bitcoin in Miami
Miami Mayor Francis Suarez has been making the rounds promoting his city as a global cryptocurrency hub. As it turns out, investors are taking him seriously. IBC Group, a Dubai private equity firm that invests in real estate and tech, has earmarked $4.8 billion in Bitcoin for the Magic City. According to a press release last week, […]
China’s Boyu Capital said to eye $6bn Fund V raise
Chinese private equity firm Boyu Capital is reportedly targeting up to $6bn for what would be its biggest-ever fundraise by some margin. The fund is “likely to close in the near term” according to a report from Reuters, which cited three unnamed sources it said had knowledge of the matter.Reaching $6bn for the US-denominated investment vehicle would see it […]
