Managers
GSR Capital is launching a new USD5 billion mergers and acquisitions (M&A) fund, which will target cross-border buyouts and M&A of industrial and emerging technology companies with multi-billion dollar scaling opportunities in China.
The GSR Global M&A fund is anchored with USD1billion committed from GSR GO Scale Capital Limited Partners and institutional investors. The fund will be managed by GSR GO Scale Capital Advisor Ltd., the management company of the GSR GO Scale Capital Growth Fund, and intends to work closely with Good Resources Holdings Limited (HKEX: 00109) on management of all M&A deals with leverage of financial instruments, including
The latest hedge fund launch data is analysed in this extract from the Preqin Quarterly Update: Hedge Funds, Q2 2015, which looks at the structure, location, investment focus and strategy of hedge funds launched in the second quarter.
Single-manager hedge funds dominated launch activity over the quarter, accounting for 79 per cent of the 116 hedge fund launches added to Preqin’s Hedge Fund Analyst in Q2 2015 (Fig 1). Alternative mutual fund structures saw a decline in terms of their prominence in fund launches, from representing 13 per cent of fund launches in Q1 2015 to just 3 per
The Northleaf Venture Catalyst Fund (NVCF) has held its final closing achieving its maximum fund size of USD300 million.
The Fund's final closing included new commitments from Sun Life Financial and a number of high net worth and family office investors, as well as additional commitments from existing NVCF investors. As part of Northleaf’s broader global private markets investment business, the successful closing of NVCF brings Northleaf’s total capital commitments to approximately USD6.9 billion.
”Northleaf Venture Catalyst Fund is the first fund under the Federal Government’s Venture Capital Action Plan to reach its maximum fund size – and we are
Following-up on its first closing held in January at EUR160 million, BlackFin Capital Partners is on track to reach its “hard- cap” amount of EUR400 million before the end of 2015.
Current commitments stand at an aggregate amount in excess of EUR300 million, both from investors in BlackFin’s first fund, such as Bpifrance (French Investment Public Bank) and Unigestion, but also from new institutional relationships such as the European Investment Fund.
Laurent Bouyoux, Managing Partner of BlackFin Capital Partners, says: “We are proud to have achieved such a high level of interest for our second fund. This strong support
Anthem is to acquire all outstanding shares of Cigna in a cash and stock transaction. Cigna shareholders will receive USD103.40 in cash and 0.5152 Anthem common shares for each Cigna common share.
The total per share consideration equates to approximately USD188.00 for each Cigna share based on Anthem's closing share price on May 28, 2015, valuing the transaction at USD54.2 billion on an enterprise basis.
The combined company will be an industry leader with enhanced diversification and capabilities to advance the transformation of health care delivery for consumers. Following the transaction, Anthem will have more than USD115 billion in pro
Ares Management and Kayne Anderson Capital Advisors are to merge to form Ares Kayne Management, a diversified alternative asset manager with a combined USD113 billion of assets under management as of 31 March, 2015.
Under the terms of the agreement, Ares will provide USD2.55 billion in consideration, the majority of which will be in the form of Ares Operating Group Units. The transaction is expected to close on or around January 1, 2016, subject to customary regulatory approvals, Kayne Anderson investor consents and other closing conditions.
Ares Kayne combines Ares Management, a leading global alternative asset manager with USD87 billion
Funds advised by CVC Capital Partners are to acquire PKPE Energetyka (PKPE), the energy unit of the Polish National Railways (PKP) in a transaction that puts an enterprise value on the business of PLN1,965 million (approximately EUR477m).
PKP Energetyka is a cross-country electricity distributor to the Polish railway network and to other customers. It also provides nationwide maintenance and emergency response services to the railway network, operates fuel stations for diesel locomotives and is active in electricity and gas reselling.
CVC has a track record of successfully investing in regulated industries and major strategic assets across Europe such as
The Home Depot is to acquire Jacksonville, Florida-based Interline Brands, a national distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products.
Under the terms of the agreement, The Home Depot will acquire Interline for USD1.625 billion in cash, subject to customary adjustments. The acquisition, which has been approved by the shareholders of Interline, is expected to be completed during The Home Depot's fiscal third quarter, which ends on 1 November, 2015. The deal is subject to applicable regulatory approval and other customary closing conditions.
The transaction is expected to be accretive to The Home Depot's earnings in
PrivateEuity.biz, Israel’s first online secondary trading arena, has signed a series of agreements with senior employees who own shares in high-tech companies, including leading pre-IPO Israeli and North American start-ups.
Following the agreements, which have been signed during the past few weeks, shares held by 14 employees at US, Canadian, and Israeli high-tech companies are currently being presented for sale on the PrivateEuity.biz trading arena.
The North American companies whose employees are presenting shares for sale include Jumio (United States), shares of which are also available on US platform SharesPost; DoubleVerify (United States); and QuickMobile (Canada). The Israeli companies
KKR and Borealis Maritime have acquired Hanseatic Ship Asset Management, a 100 per cent owned subsidiary of Commerzbank AG controlling a modern fleet of 18 container and dry cargo vessels, in a USD254.5 million deal through a joint venture vehicle established by the two firms.
Hanseatic Ship Asset Management (HSAM) was established in Hamburg by Commerzbank AG in 2013 as part of a strategy to efficiently reduce their loan exposure to the shipping industry. Vessels with good market prospects and highly desirable specifications were taken over by Commerzbank in restructuring non-performing lending engagements. As a result, HSAM acquired a modern
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