Blackstone may prefer Milestone sale
Further indicators are rising that Blackstone is transferring in direction of a sale fairly than a list of its $3.5bn Milestone Logistics Group as fairness capital market circumstances begin to cool for different preliminary public providing prospects. Sources say Blackstone has slowed its float plans proper down, leaving many much more sceptical that its $1.2bn-plus […]
EToro Said to Near $10 Billion Merger With Betsy Cohen SPAC
Trading platform eToro, a rival to Robinhood Markets Inc., plans to go public via a merger with a blank-check firm led by serial deal-maker Betsy Cohen, according to people with knowledge of the matter. The deal with FinTech Acquisition Corp. V will value the combined company at about $10 billion, the people said, asking not […]
Warburg Pincus-led group to invest $700 million in JD.Com’s property unit
A group of investors led by Warburg Pincus will invest about $700 million in Chinese e-commerce firm JD.com Inc’s infrastructure asset management arm, the U.S.-based private equity firm said on Thursday. Warburg Pincus and Hillhouse Capital, along with other investors, will invest in JD Property as part of a non-redeemable series A preferred share financing, […]
Platinum Equity Weighing Sale of Singapore Electronics Maker PCI
Platinum Equity, a buyout firm founded by American businessman Tom Gores, is weighing exiting its investment in Singapore electronics manufacturing services provider PCI Pte, according to people with knowledge of the matter. The private equity firm is working with financial advisers to gauge interest from potential buyers, said the people, who asked not to be […]
CVC Capital Partners Plans $1.5 Billion Sale of AR Packaging
CVC Capital Partners is planning a sale of AR Packaging Holding AB in a potential deal that could value the Swedish company at more than 1.3 billion euros ($1.5 billion), people familiar with the matter said. The buyout firm is working with an adviser to gauge interest in AR and has received non-binding offers, the […]
DuPont to buy Advent-backed Laird Performance for $2.3 billion in electronics materials push
DuPont said on Monday it would buy Laird Performance Materials for $2.3 billion from private equity firm Advent International, as it looks to expand its portfolio of advanced electronic materials that is used in areas such as smart and autonomous vehicles and fifth generation telecommunications. Rapidly increasing demand for these materials also used in high-performance […]
Australia’s AMP to sell unit’s global equities arm to Canadian firm
Australian wealth manager AMP Ltd said on Tuesday it would sell the global equities business of its asset management arm to Canadian investment manager Fiera Capital for an undisclosed sum. As part of the deal, four-year old Global Companies Fund with more than $500 million of assets under management would be transferred to Fiera Capital. […]
Private equity group TPG in exclusive talks to buy McLaren’s iconic Woking HQ
Private equity group TPG is in exclusive talks with supercar maker McLaren over the purchase of the firm’s iconic Woking headquarters. The sale-and-leaseback deal for the property, which would allow the carmaker to continue using it, could be worth around £180m. Sales at the auto firm fell 60 per cent last year, with the company […]
Saudi Arabia Public Investment Fund Joins The Race For A Stake In FC Inter
Takeover talks are intensifying in Milan, as Lega Serie A giant FC Internazionale Milano is set to decide their new ownership, financial assets, and future. According to Italian sports daily Corriere dello Sport, the Public Investment Fund (PIF) of Saudi Arabia has made an offer to purchase a 30% stake at FC Inter. The Saudi […]
Blackstone Is Said to Call Off Mphasis Stake Sale on Valuations
Blackstone Group Inc. has shelved a planned sale of its majority stake in Indian IT outsourcing services provider Mphasis Ltd. over valuations, according to a person familiar with the matter. The private equity firm rejected the two bidders in the final round as their offers didn’t meet its expectations, said the person, who asked not […]
