Private equity giant Carlyle, a consortium of Chevron and Quantum Capital Group, and UAE-based International Holding Company (IHC) are leading the race to acquire the global assets of Russia’s Lukoil, according to a report by Reuters citing unnamed industry sources.
Several private equity firms including EQT and Advent are eyeing the acquisition of a potential majority stake in Volkswagen AG’s heavy diesel engine and power-plant unit, Everllence SE, as part of the automaker’s broader asset disposal strategy, according to a report by Bloomberg.
Mutares SE & Co KGaA has agreed to acquire the regional engineering thermoplastics business in the Americas and Europe of SABIC for $450m. The transaction is expected to close in the second half of 2026, subject to customary approvals.
Apheon Management SA has reached the €1.25bn hard cap for its sixth flagship fund vintage, Apheon MidCap Buyout VI SCSp. In addition, €50m will be invested by the Apheon team and related families, bringing the total fund size to €1.3bn. As with Apheon’s prior fundraises, AMB VI was oversubscribed with
European mid-market private equity firm Inflexion has appointed John DiGiovanni as head of healthcare. He will work closely with Andy Neville, partner in the healthcare team and interim head of healthcare prior to DiGiovanni’s arrival.
Global professional services firm Alvarez & Marsal has appointed Tom Parkinson as a managing director in its Private Equity Performance Improvement practice, based in London.
European private equity firm IK Partners has added five partners across its Paris and Amsterdam offices. Onne Tjerkstra and Xavier Lemonnier have been appointed partners within the investment team, while Jakob Treffers, Jérôme Richard, and David Varet have been appointed partners within the operations team.
Adams Street Partners has led a private credit financing of up to $400m to support the acquisition of aerospace and defence equipment business Beaufort, according to a report by Bloomberg citing people familiar with the matter.
I Squared Capital has dropped its plans to acquire Ströer SE & Co.’s out-of-home advertising business after struggling to secure sufficient investor backing, according to a report by Bloomberg citing people familiar with the matter.
UK private equity firms have significantly increased their use of offshore jurisdictions since Brexit, raising concerns around transparency, according to a report by the FT citing research from the University of Glasgow.
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