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Intel

Temasek closing in on minority stake in Blackstone’s VFS Global

Singapore’s state investment firm, Temasek Holdings Pte, is close to finalising a deal to acquire a significant minority stake in VFS Global, a visa outsourcing and technology services company controlled by US-based Blackstone Inc, according to a report by Bloomberg.

Downing adds to Development Capital team

Downing, a private investment firm focussed on healthcare, education, and housing, as well as a small number of other specialist sectors has expanded its Development Capital team with the appointment of Luke Stevenson as Associate Director.

Palladio Partners appoints MD in customer service team

Palladio Partners, an investment boutique specialised in infrastructure, private equity and private debt real assets, is expanding its customer service team with the appointment of Sikandar Salam as Managing Director effective immediately.

Circularity Capital names new Operating Principal

Circularity Capital, a specialist private equity firm supporting growth stage European businesses in the circular economy, has appoint of Juliet Buffey as an Operating Principal in its portfolio growth team.

BlackRock revamps private credit business

BlackRock Inc, the world’s largest asset manager, is restructuring its private credit division in a bid to close the gap with rivals in the rapidly expanding market, with the establishment of a new division Global Direct Lending led by Stephen Caron, according to a repot by Bloomberg.

Pantheon makes trio of senior appointments

Global private markets investor Pantheon made three senior additions to its team with the appointment of Arnab Mazumdar as Partner and Chief Data & Innovation Officer, and two new Managing Directors, Christian D’Amico and Brian Hanson.

Castlelake to sell $5bn aircraft portfolio to Avolon

Castlelake, a global alternative investment firm specialising in asset-based investments, is to sell a $5bn portfolio of 118 aircraft – including narrowbody, widebody, and regional jets – to aviation finance company Avolon.

MBK bids to become largest shareholder of Korea Zinc

Private equity firm MBK Partners has teamed with Young Poong Corp, the largest shareholder of Korea Zinc Co, to launch a joint tender offer to acquire a controlling stake in the world’s leading refined zinc producer, valuing the company at KRW13.7tn won ($10.3bn), according to a report by Bloomberg.

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