Apollo funds commit up to $500 million to Victory Park Capital’s Growth Lending Strategy

Entities, clients and funds managed by its affiliates of Apollo Global Management (the Apollo Funds) have committed to invest up to $500 million in senior secured credit facilities originated by Victory Park Capital (VPC), a global investment firm with an extensive track record in asset-backed credit origination for emerging and established companies. The new lending […]

Chinese insurer Hexie snaps up US$1.4 billion Beijing tower from SK Group in largest office deal since onset of coronavirus pandemic

Beijing-based Hexie Health Insurance has bought the SK Tower in the Chinese capital for 9.06 billion yuan (US$1.4 billion) from SK Group, South Korea’s third-largest conglomerate. The deal is the biggest transaction for an office building in China since the onset of the coronavirus pandemic, according to agent Cushman & Wakefield. It could potentially become the […]

Henley sells West London Tesco for £70m

Henley Investments, a global private equity real estate firm, has sold a Tesco supermarket in Hayes, West London for £70 million. The 100,000 sq ft property has performed well since it was acquired by Henley in December 2019 for £52 million. Ian Rickwood, CEO of Henley, says: “This has been another successful investment within our […]

BC Card decides to sell entire stake in MasterCard

BC Card has decided to sell its entire stake in MasterCard in what is believed to be a move to participate in a capital increase by K bank. Currently, the card firm is the largest shareholder of the internet-only bank with a 34 percent stake.On Friday, BC Card said its board had approved a plan […]

Exclusive-Apollo in talks to sell Slovenian bank Nova to Hungary’s OTP

Hungary’s biggest lender OTP is in talks to buy Slovenian bank Nova KBM from private equity group Apollo in a deal worth roughly 1 billion euros ($1.2 billion), people close to the matter said. OTP has sought to expand its footprint in the Balkans in recent years. It has bought large banks in Croatia, Serbia and […]

Francisco Partners Explores Sale of Availity Stake

Francisco Partners is looking to sell its minority stake in Availity LLC, a health-care information technology company backed by some of the country’s biggest health plans, according to people familiar with the matter. Francisco, which owns just under a third of the company, is working with an adviser on the sale, which is in early stages, […]

Blackstone tweaks conditions for $6 billion Australia Crown Resorts buyout

Australian casino operator Crown Resorts Ltd said private equity giant Blackstone Group Inc modified the conditions of a proposed $6 billion buyout, saying the target must not lose further state licences before the deal is approved. Last month, the U.S. buyout specialist, which already owns 10% of Crown, offered to buy the Crown shares it […]

Evercore Having Big M&A Week With Grab and Microsoft Deals

Evercore Inc. was lead adviser on a pair of back-to-back technology deals this week worth up to $60 billion that helped it jump a spot in the league tables.  The boutique investment bank was lead financial adviser to Singapore-based Grab Holdings Inc. on its $40 billion merger Tuesday with the blank-check company Altimeter Growth Corp., […]

Toshiba Surges on Reports of a Bid From KKR and CEO Transition

Depository receipts of Toshiba Corp. surged as much as 12% Tuesday after reports that KKR is planning to bid for the Japanese electronics giant and that the chairman will take over leadership. Private equity firm KKR plans to outbid CVC Capital Partners, the Financial Times reported. Brookfield is also poised to make a proposal, the […]

Siemens Healthineers Said to Weigh $1 Billion Ultrasound Sale

Siemens Healthineers AG is considering a sale of its ultrasound business, which could be valued at about $1 billion, according to people familiar with the matter. The German provider of medical equipment is weighing its options after receiving expressions of interest in the business, the people said, asking not to be identified discussing confidential information. […]