Virtusa, the global IT services provider owned by European private investment major EQT, is assessing plans for an initial public offering in India that could raise at least $1bn and value the business at $7bn or more, according to a report by Reuters.
New York City Mayor Zohran Mamdani is seeking to reduce a widely used tax benefit for hedge funds, private equity firms and other high-income business partnerships as part of efforts to close a widening municipal budget gap.
A consortium comprising Stonepeak Partners and Bernhard Capital Partners is nearing an agreement to acquire Louisiana-based utility Cleco Power in a transaction valued at approximately $5.75bn to $6 billion, according to a report by Bloomberg citing unnamed people familiar with the matter.
Shares in Swedish research technology group Cint surged on Monday after a consortium backed by UK-based private equity firm Triton Partners unveiled plans to take the company private, according to a report by Reuters.
Digital Edge, the Asia-Pacific data centre operator backed by Stonepeak Partners, is exploring strategic options including a potential partial or full sale that could value the business at up to $10bn, according to a report by Bloomberg citing unnamed people familiar with the matter.
TOP STORY: Thermo Fisher Scientific has agreed to divest its microbiology division to private equity firm Astorg in a deal valued at approximately $1.08bn, according to a company statement. The transaction will be funded through a combination of cash proceeds and a $50m seller note.
Silver Rock Capital Partners, an investment firm founded by alumni of Michael Milken’s family office, has raised more than $4bn for its latest credit fund, its largest to date, as stress builds across parts of the private capital markets, according to a report by the Financial Times.
The global fund finance market has exceeded $1tn in size, supported by rapid expansion in private credit activity, according to a report by Reuters citing new research by Moody’s Ratings, with the rise of net asset value lending serving as a key driver of growth.
Private investment major Apollo Global Management has taken a stake in Swiss dental company vVardis Holding AG in a transaction that values the business at more than $1bn, according to a company statement.
Maple Park Capital, a Dallas and New York-based private equity firm focused on investment in businesses across the experience-driven services economy, has appointed Robert Zell (pictured) as the firm’s Chief Financial Officer.
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