Deals
Sanari Capital has exited its investment in Fernridge Solutions, selling its stake to Broll Property Group. The firm believes that Broll’s pan-African reach and expertise in real estate and technology will enable it to lead the next phase of growth for the Johannesburg-based market intelligence and geospatial analytics firm.
A Singapore-based affiliate of Blackstone has entered into a definitive agreement to acquire a 9.9% stake in India’s Federal Bank through a combination of preferential shares and warrants, according to a report by Reuters.
Oaktree Capital Management is arranging a major private-credit package to support its acquisition of the wealth-management arm of Australia’s Perpetual Ltd, according to a report by Bloomberg. The transaction structure centres on Oaktree using debt capital from private-credit providers — including Ares Management and Barings — rather than traditional bank financing.
Private-equity firms are increasingly eyeing initial public offerings in the Gulf region, particularly in the UAE and Saudi Arabia, buoyed by about $50bn in initial share sales since 2022, according to a report by Bloomberg. Buyout firms are positioning closer to sovereign wealth fund hubs in the Gulf, which control more than $4tn.
Partners Group has sold its 24.9% stake in Apex Logistics, a global logistics solutions provider, to majority shareholder Kuehne+Nagel. The transaction values Apex at $4bn. Partners Group’s stake sale, which is scheduled to close in 2025, marks a full exit from its investment in 2021.
Private equity firms Advent International and TA Associates are exploring a potential sale of utility management and billing company Conservice, with sources suggesting a valuation in the range of $4.5bn to $5bn, according to a report by Bloomberg.
Private equity firm PAI Partners is in exclusive negotiations to acquire a majority stake in the Cyrus Group, a France-based wealth management firm, through a strategic partnership with the Cyrus management team. The management team would reinvest significantly as part of the transaction.
BGF has exited from its investment in London-based fire safety consultancy BB7, with the business now part of Certania Group. The exit generated 3x MM return on BGF’s investment and 21% IRR.
Apollo Global Management is exploring the sale of its Hispanic grocery platform, Heritage Grocers Group, in a deal that could value the business at around $1.5bn, according to a report by Reuters citing unnamed sources familiar with the matter.
Shawbrook, the UK alternative lender backed by BC Partners and Pollen Street Capital, is attracting strong investor interest ahead of its planned London IPO, which could value the bank at up to £2bn ($2.68bn), according to a report by Reuters.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
