Deals
The Italian Benetton family has merged its private capital arm 21 Invest with Milan-based Tages to create a new €3bn platform, 21 Next, as part of a plan to scale its assets to €10bn within five years, according to a report by the Financial Times. Edizione, the family’s holding company, will control the combined group.
China Investment Corp is close to completing the sale of about $1bn in US private equity fund stakes, according to a report by Bloomberg. The move comes as the $1.3tn sovereign wealth fund continues to scale back exposure to US private markets.
UnitedHealth Group has agreed to sell its remaining South American business, Banmédica, to Brazilian private equity firm Patria Investments in a deal valued at around $1bn, according to a report by Reuters citing two people familiar with the matter. The final agreement was reportedly signed on Saturday, with an announcement expected on Monday.
Seviora Group, the Temasek-owned asset manager, is set to integrate affiliate Pavilion Capital into its platform, increasing combined assets under management to roughly $72bn, according to a report by Reuters.
National Storage REIT has received a AUD4.02bn ($2.6bn) buyout proposal from a consortium led by Brookfield and Singapore’s GIC, marking what would be Australia’s largest real-estate take-private deal.
LDC has exited its investment in J&J Global Fulfilment (J&J) to QLS, a Netherlands-based eCommerce fulfilment specialist, following five years of growth. During the partnership with LDC, J&J expanded internationally, more than quadrupled revenue and invested in its eCommerce technology platforms.
Maven Capital Partners (Maven) has exited its investment in DPP Limited (DPP), a specialist mechanical and electrical (M&E) maintenance contractor, through a sale to an undisclosed UK private company. The realisation has generated a return of between 2.1x and 2.5x cost for Maven client funds.
Blackstone Inc is reportedly nearing a deal to acquire MacLean Power Systems from Centerbridge Partners, in a transaction that could value the utility-parts business at more than $4bn, according to a report by Bloomberg, with an announcement potentially coming as early as next week.
US private equity firm Global Sports Capital Partners (GSCP) has committed to invest $100m into Liga de Fútbol Americano (LFA), marking the first time a US firm has taken a stake in a Mexican sports league, according to a report by Sports Business Journal.
Three Wall Street names — Fortress Investment Group, Ares Management and Platinum Equity — are among the firms poised to absorb complete write-offs after a leveraged buyout of a portable-toilet business collapsed, according to a report by Bloomberg.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
