KKR to make $400m investment in Serenitca Renewables
KKR is to invest $400 million in Serentica Renewables (Serentica), a decarbonisation platform that seeks to enable the energy transition by providing complex clean energy solutions for energy-intensive, hard-to-abate industries. Serentica looks to deliver round-the-clock clean energy solutions for large-scale, energy-intensive industrial customers. This includes providing renewable energy solutions through long-term Power Purchase Agreements (PPAs) […]
Hg raises $11B for largest European buyout fund YTD
European private equity major Hg has raised $11 billion for its latest fund, Saturn 3, significantly ahead of its original $8.5 billion and making it the largest European buyout fund to close so far this ear, according to a report by Private Equity International. The fund which launched at the end of last year, reportedly […]
Warburg Pincus exits Summit Health-CityMD in $8.9B sale to VillageMD
Warburg Pincus has exited its investment in primary, specialty and urgent care provider Summit Health-CityMD through a $8.9 billion sale to VillageMD with support from Walgreens Boots Alliance (WBA), and an affiliate of Evernorth, a subsidiary of Cigna Corporation. Summit Health has been backed by Warburg Pincus since 2017, when it took a stake in […]
KKR to acquire Albioma for €485m
KKR & Co has made an offer to buy Albioma SA, an independent renewable energy producer in France, for €485 million. CDPQ, the main lender in the transaction, alongside other commercial lenders and banks, has provided the acquisition financing to support the tender offer. Albioma SA operates over 1 GW of installed capacity around the […]
TPG to exit Immucor through $2B sale to Werfen
Werfen, a global developer, manufacturer and distributor of specialised diagnostic instruments, is to acquire Immucor, Inc, a US-based specialist in transfusion and transplant in vitro diagnostics, from private equity firm TPG for approximately $2 billion. TPG acquired Immucor in July 2011 in a $1.97 billion deal, and has subsequently made multiple add-on acquisitions including Sentilus […]
Blackstone to sell PRI Operating for $2B
Blackstone is looking to further its withdrawal from fossil fuel investments with a unit of the global alternative investment firm said to be exploring the sale of oil and gas producer PRI Operating for around $2 billion including debt. The report cites unnamed sources as saying a sale of PRI Operating, which is also known […]
Carlyle makes $350m investment in Aspen Power Partners
Aspen Power Partners (Aspen), a distributed generation platform, has secured a $350 million investment from funds managed by global investment firm Carlyle, and acquired Safari Energy, LLC (Safari) from PPL Corporation. The investment supports Aspen’s organic and acquisition-driven growth strategy targeting the community, multifamily, and commercial & industrial (C&I) solar and storage markets. To launch […]
Thoma Bravo leads $123m Alation Series E round at $1.7B valuation
Alation Inc, a specialist in enterprise data intelligence has raised $123 million in a Series E funding round led by Thoma Bravo, Sanabil Investments, and Costanoa Ventures alongside participation from new investor Databricks Ventures. This round takes Alation’s total funding raised to $340 million with the company now valued at $1.7 billion. Dell Technologies Capital, […]
Sixth Street raises $4.4B to invest in fast-growing companies
Global investment firm Sixth Street has held the final close of funds totaling $4.4 billion in fresh capital commitments to invest in fast-growing businesses through the firm’s Sixth Street Growth platform. The funds closed at their hard cap. Sixth Street’s previous growth fund closed in 2019 with $2.2 billion in committed capital and invested in […]
Domain Capital raises more than $700m for commingled entertainment fund
Domain Capital Group and its subsidiary Domain Capital Advisors have closed more than $700 million in equity commitments for an entertainment fund and co-investment vehicle focused on film, television and music, with an allocation for other related investment opportunities. To date, the fund has deployed more than $170 million across the three media. The fund […]
