TOP STORY: Blackstone, KKR, and Energy Capital Partners have teamed up on a potential acquisition of GFL Environmental, while Brookfield Asset Management and IFM Investors are also pursuing the Canadian waste-management company in a rival consortium, according to a report by Bloomberg.
EQT is planning to deploy up to $50bn in India by 2030, with the private markets group targeting data centres, renewable energy and private equity as it seeks to expand its presence in one of Asia’s fastest-growing investment markets, according to a report by Bloomberg.
EQT and Norway’s sovereign wealth fund manager Norges Bank Investment Management have formed a consortium to pursue the acquisition of Spanish renewable energy company Acciona Energia, according to a report by Spanish newspaper Expansión.
Carlyle is backing the acquisition of Canadian oil and gas producer Parallax Energy Operating by newly established Avenrock Energy, in the private equity firm’s latest move to expand its presence in the country’s energy sector, according to a report by Bloomberg.
Apollo Global Management is in discussions to acquire Johnson & Johnson’s DePuy Synthes orthopaedics business in a deal that could value the unit at close to $20bn, according to a report by Bloomberg citing unnamed people familiar with the matter.
On today’s Stories of Transformation, we are joined by Keith Beattie, an operating partner at Astorg, to discuss identifying business models resilient to AI disruption, and how Al can enhance company operations.
Apollo Sports Capital is interested in taking a stake in an NFL franchise as the league continues to open team ownership to institutional investors, according to a report by Bloomberg citing comments from CEO Al Tylis.
The US and Canada are both grappling with chronic housing shortages, brought about through a combination of underinvestment, regulatory challenges, and rising inflation. Fengate Asset Management is looking to help address affordability concerns through its retail estate division.
Silver Lake is planning to combine French software businesses Cegid and Silae in a transaction that would create a European technology group valued at more than €10bn, according to a report by the Financial Times.
Warburg Pincus and Berkshire Partners have agreed to sell aerospace components manufacturer Consolidated Precision Products (CPP) to GE Aerospace for $11.75bn, securing a major exit from their joint investment, according to a report by Private Equity Hub.