Ares Management Corporation is reportedly in the market to raise more than $2bn for a new Asia-focused special situations fund, as the alternative investment giant continues to scale its regional credit footprint, according to a report by Bloomberg.
Shares in Johns Lyng Group rallied sharply on Wednesday, soaring as much as 19.3% to AUD3.03 – marking the company’s strongest intraday performance on record – following the announcement of a takeover approach from Australian private equity firm Pacific Equity Partners (PEP).
Centerbridge Partners is seeking to raise approximately $1bn through a continuation fund to retain its minority interest in Fairstone Bank of Canada, according to a report by Bloomberg citing sources familiar with the matter.
Strategic Value Partners, a global alternative investment firm with $22bn of assets under management, has appointed Grégoire Paepegaey to the firm as a Managing Director and member of the European Investment team to focus on control investment across business services, industrials, and consumer.
VeloBank SA, the Polish retail lender backed by US private equity giant Cerberus Capital Management, is eyeing further consolidation opportunities in Poland’s banking sector following its recent agreement to acquire Citigroup’s local retail banking operations, according to a report by Bloomberg.
Caris Life Sciences, a precision oncology firm backed by Sixth Street and JH Whitney, is targeting a valuation of up to $5.3bn in its upcoming US initial public offering, as appetite for new listings gathers pace amid improving market sentiment, according to a report by Reuters.
UCLA and Penn State have issued statements denying their involvement in Elevate Sports Ventures’ newly launched College Investment Initiative, countering a report by Sportico suggesting both universities had signed on to receive capital from the $500m fund, according to a report by Reuters.
Private equity heavyweights KKR and Stonepeak have raised their takeover bid for UK-listed healthcare real estate firm Assura to nearly £1.7bn ($2.3bn), in what they describe as their “best and final” offer, according to a report by Reuters.
Blackstone, the world’s largest alternative asset managers, is planning to invest up to $500bn in Europe over the next ten years, according to a report by Reuters citing comments made by CEO Steve Schwarzman in a Bloomberg TV interview on Tuesday.
SWEN Capital Partners, an investment firm focused on non-listed responsible investment and ocean sustainability, has raised €160m in the first close of its SWEN Blue Ocean 2 fund, to invest in innovative start-ups working to support the regeneration of ocean biodiversity.
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