Deals
Blackstone Credit & Insurance (BXCI), Blackstone’s asset backed credit division, and Santander Corporate & Investment Banking (CIB) have agreed to a strategic deal that will see BXCI acquire a $1bn portfolio of infrastructure loans from the bank.
Private equity giant Blackstone is preparing to list shares of Cirsa, a Spanish gaming company, on the Madrid stock exchange in the first half of next year, according to a report by Spanish newspaper Expansión.
Argosy Private Equity (Argosy), a lower middle market private equity firm, has exited its investment in Rita’s Franchise Company (Ritas), a US provider of frozen desserts founded in 1984, through a sale to New York-based MTN Capital.
BlackRock has reached a preliminary agreement to acquire private credit manager HPS Investment Partners for approximately $12bn, which, if finalised, would represent a substantial premium over the firm’s estimated $10bn post-IPO valuation, according to a report by the Financial Times.
Grifols shares tumbled 10% on Wednesday after sources revealed that Canadian private investment giant Brookfield Asset Management is planning to abandon its takeover bid for the Spanish pharmaceutical company, according to a report by Bloomberg.
Protective Industrial Products (PIP), a portfolio company of private equity investment firm Odyssey Investment Partners, has agreed to acquire the personal protective equipment (PPE) business of Honeywell in a $1.33bn all-cash transaction.
Blackstone Credit & Insurance (BXCI) is committing $3.5bn to a joint venture with EQT Corporation, acquiring a non-controlling equity stake in key natural gas infrastructure assets valued at $8.8bn, according to a report by Alternatives Watch.
Abu Dhabi-based Mubadala Capital, the alternative asset management arm of Mubadala Investment Company, has agreed to take CI Financial private in a CAD12.1bn ($8.66bn) all-cash deal, including debt, the Canadian asset and wealth manager announced on Monday.
British private equity firm Apax has beaten off competition from rival buyout firm Bridgepoint to acquire the accounting arm of Evelyn Partners, in a deal valued at around £700m, according to a report by CityWire.
IK Partners’ (IK) IK X Fund is to acquire a majority stake in Driescher, a German manufacturer of high-tech medium and low voltage switches and switchgears, from the firm’s founding family who will be reinvesting in the business.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
