TOP STORY: SoftBank’s LY Corp and Bain Capital have raised their offer for Kakaku.com, valuing the Japanese online services group at JPY670bn ($4.1bn), according to a report by Reuters.
TOP STORY: KKR and South Korea’s SK Inc are set to launch a renewable energy platform valued at KRW2tn ($1.3bn), aimed at meeting rising clean-power demand from AI data centres and semiconductor manufacturing, according to a report by Reuters.
In Alternative Views, Private Equity Wire® goes behind closed doors with those in the know to get the latest on private markets. In this episode we discuss the great wealth transfer with Andrew Weinberg, Founder and CEO of Brightstar Capital Partners.
Ardian is planning to invest more than €3bn in Nordic data centres through portfolio company Verne, as demand for digital infrastructure continues to rise, according to a report by Bloomberg.
EDF has agreed to sell its North American renewables business, EDF Power Solutions in the US and Canada, to KKR, as the French state-owned utility continues efforts to raise capital for its domestic nuclear investment programme, according to a report by Reuters.
KKR said it has generated more than $900m in monetisation income so far in the second quarter, signalling a continued recovery in private equity exit activity after several years of subdued dealmaking, according to a report by Reuters.
STORIES OF TRANSFORMATION: With private markets rocked by mounting volatility, investors are seeking out long-duration investment opportunities which are insulated from market cycles. Fibre-optic cables could be one such case.
Blackstone and Bain Capital are among the firms to have advanced to the second round of bidding for Fuji Media Holdings’ real estate subsidiary, Sankei Building, according to a report by Bloomberg.
EasyJet has rejected three separate takeover approaches from Castlelake LP, prompting the US investment firm to take its latest proposal – valuing the UK low-cost carrier at around £4.74bn ($6.3bn) – directly to shareholders, according to a report by Bloomberg.
In Alternative Views, Private Equity Wire® goes behind closed doors with those in the know to get the latest on private markets. In this episode we discuss Business Development Companies with Jeff Diehl, managing partner and head of investments at Adams Street Partners.