Brookfield lobs $5.6 billion unsolicited offer for Canada’s Inter Pipeline, prepared to sweeten bid
Brookfield Infrastructure Partners L.P. made an unsolicited C$7.08 billion ($5.6 billion) offer on Wednesday to buy Canada’s Inter Pipeline Ltd as it seeks to benefit from rebounding oil and gas demand, after an approach last year was rebuffed. Brookfield, which owns and operates assets in the utilities, transport and storage sectors, said it has acquired […]
New Frontier receives proposal to go private in nearly $1.72 billion deal
New Frontier Health Corp said on Wednesday it received an offer to be bought out by a consortium of investors in a deal that values the healthcare service provider at nearly $1.72 billion. The company said in a statement it received a preliminary non-proposal binding letter from a buyer-group, including President Carl Wu, Carnival Investments, […]
Talos, Enauta consortium places bid for Petrobras Albacora fields
A consortium of Talos Energy Inc, private equity firm EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA has submitted a non-binding offer for Brazilian oilfields Albacora and Albacora Leste, four sources familiar with the matter told Reuters. The exact value of the bid submitted to Brazil’s state-led oil company […]
Private equity groups battle for €1bn AIB problem mortgages
Private-equity giants in the United States Apollo and Lone Star are the final bidders vying to acquire a portfolio of deep-in-arrears AIB home loans that were originally worth about €1 billion, according to sources. AIB set about selling the portfolio, dubbed Project Oak, early last year but postponed the deal as it diverted resources to […]
Blackstone Said Buying Warburg Pincus India Logistics JV for $700M
Already India’s largest office landlord, Blackstone may soon become the country’s biggest warehouse owner through the purchase of a 22 million square foot (2 million square metre) logistics joint venture, according to local news reports. Having acquired more than 1 billion square feet of warehouses globally over the past decade, Blackstone is said to be […]
Carlyle withdraws bid for Japan Asia Group
Global private equity firm Carlyle Group on Wednesday withdrew its bid to buy energy and environment firm Japan Asia Group (JAG) in a deal worth 48 billion yen ($459 million), as a Japanese activist fund beat its offer. “The bid did not attract minimum shares needed to succeed so we are going to cancel the […]
TDR Capital Is Said to Weigh Exiting $6 Billion Modulaire Group
TDR Capital is weighing a divestment of Modulaire Group, a European designer of modular work spaces, according to people familiar with the matter. The private equity firm has picked Goldman Sachs Group Inc. and Morgan Stanley to advise it on a potential initial public offering or sale of Modulaire, the people said, asking not to […]
Lone Star Said to Consider Bid for Natwest’s Irish Unit Ulster Bank
Billionaire John Grayken’s Lone Star is among private equity firms lining up for all or parts of NatWest Group Plc’s Irish retail unit Ulster Bank, according to people familiar with the matter. Lone Star, which owns Germany’s IKB Deutsche Industriebank AG, and Portugal’s Novo Banco SA, is working with advisers to study a bid for […]
L Catterton Inches Ahead in $5 Billion Birkenstock Bidding
L Catterton, the private equity firm backed by luxury French fashion house LVMH, is starting to pull ahead in the bidding for iconic German sandal maker Birkenstock, people with knowledge of the matter said. Birkenstock’s owners are currently focusing on negotiations with L Catterton as they prefer the investment firm’s track record buying and expanding […]
CVC consortium in threat to give £1.4bn Serie A deal red card
A private equity consortium is threatening to abandon a £1.4bn deal to shake up Italian football’s broadcast rights amid uncertainty over the intentions of some of the league’s top clubs. Sky News has learnt that a group of investors including Advent International and CVC Capital Partners wrote to Serie A’s 20 clubs late last week […]
