NewSpring raises $364m for fourth mezzanine fund
NewSpring, a family of private equity strategies, has held the final close of its fourth mezzanine fund, NewSpring Mezzanine Capital IV (NSM IV). In total, the Fund raised $364.3 million, making it the largest mezzanine fund the Firm has raised to date. “For investors, this Fund gives them the exciting opportunity to actively participate […]
Morgan Stanley Investment Management raises $1.6bn for North Haven Credit Partners III
Morgan Stanley Investment Management has raised $1.6 billion for North Haven Credit Partners III (NHCP III), exceeding its original fundraising target by 29 per cent. Investors in NHCP III, the successor fund to North Haven Credit Partners II, include public and private pension funds, sovereign wealth funds, insurance companies and individual investors. The Fund, managed […]
French company, PE firms in race to acquire Hexaware Technologies in $2.5 billion deal
In what might be the largest IT services buyout deal in the country, private equity firm Bain Capital, Carlyle and KKR are in the race to acquire Hexaware Technologies for $2.5 billion from Baring Private Equity Asia. The companies are in the fray along with the French outsourcing company Teleperformance SE, which owns Intelenet, which […]
Morrisons takeover: Apollo private equity group says it is considering bid
Shares in Morrisons jumped 11% after the private equity group Apollo said it was considering joining the battle to buy the UK supermarket chain. Apollo became the third potential suitor to declare an interest in Morrisons, announcing to the stock exchange on Monday that it was “in the preliminary stages of evaluating a possible offer […]
Private equity firm Flexpoint Ford completes £231.6m acquisition of AFH
Private equity investment firm Flexpoint Ford, which specialises in the financial services and healthcare industries, has completed its acquisition of UK financial planner AFH Financial Group for £231.6m ($327.5m, €272.6m). Flexpoint Ford will acquire the UK wealth firm via Cortina Bidco, a newly incorporated company indirectly controlled by the US-based private equity firm. Daniel Edelman, […]
CVC-Backed Sisal to Bid to Run U.K. Lottery
Sisal, which runs SuperEnalotto in Italy, will lead a consortium including private equity firm CVC Capital Partners to bid to operate the National Lottery in the U.K., the Telegraph reported, without saying where it got the information. It will compete against the incumbent Camelot for a license that will run for 10 years from 2023. […]
Spain’s Allfunds targets $8.3 bln euro valuation in Amsterdam IPO
Spanish fintech Allfunds is targeting a valuation of over 7 billion euros ($8.31 billion) from a planned Amsterdam initial public offering, according to a source familiar with the transaction. The company launched its bid to list on Euronext Amsterdam earlier on Wednesday, saying it is targeting to list 25% of its shares on the Dutch […]
Liverpool FC owner FSG seeks new teams and possible listing
Fenway Sports Group, the owner of Liverpool football club and baseball’s Boston Red Sox, will seek to acquire more professional sports teams and potentially a future stock market listing after securing new investment that values the US group at $7.35bn. Earlier this week, private investment group RedBird Capital and basketball star LeBron James acquired minority […]
EQT Nears $5.3 Billion Deal for Partners Group’s Cerba
EQT AB is nearing an agreement to acquire Cerba HealthCare in a deal valuing the French laboratories firm at about 4.5 billion euros ($5.3 billion) including debt, people with knowledge of the matter said. The European private equity firm could announce a deal as soon as this week to purchase Cerba from Swiss buyout firm […]
Spain’s Cellnex launches 7 billion euro capital hike
Spanish mobile phone mast operator Cellnex on Tuesday launched a 7 billion euro ($8.23 billion) capital hike valued at 36.33 euros per share to fund the acquisition of French telecoms company Hivory. Since its listing in 2015, the Barcelona-based firm, which currently has a market capitalisation of 23.9 billion euros, has grown rapidly to become […]
