Azul has entered into a definitive agreement to receive a majority strategic investment from software investment firm Thoma Bravo. As part of the transaction, Azul’s existing investors Vitruvian Partners and Lead Edge Capital will be reinvesting new capital and will retain minority stakes alongside Azul’s employees.
KKR & Co is aiming to wrap up its second Asia-focussed private credit fund in December, with a target size of around $2bn, according to a report by Bloomberg citing people familiar with the matter.
Lone Star Funds, Altaris LLC, and One Rock Capital Partners have emerged as leading contenders in the second round of bidding for Lonza Group AG’s capsules and health ingredients unit, according to a report by Bloomberg citing sources familiar with the matter.
Private equity firm Leonard Green has agreed to acquire a 60% stake in Topgolf Callaway Brands’ Topgolf unit in a deal that values the golf entertainment business at $1.1bn, according to a report by Bloomberg citing company statements.
Europe’s largest asset manager Amundi has agreed to acquire a 9.9% stake in London-listed alternative asset manager Intermediate Capital Group (ICG), in a move designed to accelerate its private markets strategy under the firm’s 2025-28 “Invest for the Future” plan, according to a report by Reuters.
US investment firm RedBird Capital Partners has withdrawn its proposal to acquire the Telegraph Media Group, which publishes the Daily Telegraph and Sunday Telegraph, in a £500m ($658m) transaction, citing prolonged regulatory delays and internal opposition from staff, according to a report by Bloomberg.
Keensight Capital, one of the leading private equity managers dedicated to pan-European Growth Buyout investments, has made two senior appointments in its Human Resources team.
Hong Kong-based buy-out firm FirstLight Capital, co-led by former Alibaba Group chairman Daniel Zhang, is seeking to raise a US-dollar-denominated fund of about $1bn for its inaugural vehicle, according to a report by Reuters citing people familiar with the matter.
CVC Capital Partners, one of the world’s largest private equity managers, has reported realisations of €15.4bn as of end-September, ahead of its previous full-year guidance.
US buyout firm Thoma Bravo has made a takeover offer for Clearwater Analytics, the Boise-based investment software company, which would see the firm taken private, according to a report by Reuters citing people familiar with the matter.
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