Apollo Global to buy insurance affiliate Athene for $11 billion
Apollo Global Management Inc said on Monday it will merge with Athene Holding Ltd in an $11 billion all-stock deal, bringing in-house an annuities provider that helped turn it into one of the world’s largest corporate credit investors. Apollo has been getting paid lucrative fees by Athene, in which it controls a 35% stake, for […]
Private equity firm TDR Capital raises Arrow bid to $740mn
Private equity firm TDR Capital has made a fourth offer for European investor and asset manager Arrow Global, the companies said on Monday, at a price of 305 pence per share. Arrow, which buys defaulted customer accounts from retail banks and credit card companies, said it was considering TDR’s new proposal. Shares in Arrow rose […]
Rugby Australia takes the plunge and pursues private equity
It’s happening. Rugby Australia has voted to proceed with securing private equity for the game. Although private equity deals have become fairly standard in European rugby — with CVC Capital Partners holding a stake in England’s Premiership and the PRO14 Rugby provincial competition and still in protracted talks with the Six Nations Rugby — it […]
Norsk Hydro Strikes $1.6 Billion Deal to Sell Assets to KPS
Norsk Hydro ASA, one of the world’s largest aluminum producers, is selling its rolling business to private equity firm KPS Capital Partners in the hope of improving profitability. Hydro will sell the operations, which include seven plants and about 5,000 employees, to KPS for an enterprise value of 1.38 billion euros ($1.6 billion). The divestment […]
DCP Capital in Talks for China Maternity Hospital Chain
Beijing-based private equity firm DCP Capital Partners is in talks to acquire one of the leading maternity and pediatric care hospital chains in China, according to people familiar with the matter. American-Sino OB/GYN/Pediatrics Services, also known as Meihua Hospital, could be valued at about $400 million to $500 million in a sale, one of the […]
Vista in Talks to Add DealerSocket, Omnitracs to Solera SPAC Deal
Vista Equity Partners is in talks to add two portfolio companies to its deal for Solera Holdings Inc. to go public through a merger with blank-check firm Apollo Strategic Growth Capital, according to people familiar with the matter. The portfolio companies that Vista would combine with Solera are DealerSocket Inc. and Omnitracs, the people said, […]
KPMG agrees £400m sale of restructuring unit to HIG Capital
KPMG has become the latest Big Four accountancy firm to sell off its restructuring business, agreeing a £400m deal for the UK unit with private equity firm HIG Capital. The business, which has 22 partners and 528 staff, will be renamed Interpath Advisory and run by KPMG partners Blair Nimmo, Will Wright and Mark Raddan, […]
Abu Dhabi fund, CVC, among suitors for $1 billion NMC hospital business
Abu Dhabi state-owned holding company ADQ and private equity firm CVC Capital Partners are among the suitors that have shown interest in NMC Health’s core hospital business, sources told Reuters. Hospital operators in the region have reported higher profits for last year as the COVID-19 pandemic led to higher in-patient occupancy. NMC has hired advisers […]
Mideast Spotify Challenger Anghami Is Said to Near SPAC Merger
Music streaming service Anghami is close to being listed on the Nasdaq stock exchange in New York by merging with a blank-check company, according to people familiar with the matter, setting the stage for one of the biggest investments into a Middle Eastern technology startup in years. Anghami, Arabic for “my tunes,” has been holding […]
CoStar sweetens deal to buy real estate data group CoreLogic
Commercial property data vendor CoStar Group on Monday sweetened its offer to buy CoreLogic by adding another $450 million, hoping to seal a deal and triumph over another competing bid by private equity firms, Stone Point Capital and Insight Partners. Under the new proposal, CoreLogic shareholders would receive $6 per share in cash and 0.1019 […]
