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US-based private equity firm Presidio Investors has finalised the acquisition of struggling Italian soccer club Hellas Verona from entrepreneur Maurizio Setti, the Serie A team announced on its website Wednesday, according to a report by Reuters.
A group of investors, advised by Maverick Carter – business partner of Los Angeles Lakers star LeBron James – is aiming to raise $5bn from private capital to establish a global basketball league that could compete with the NBA, according to a report by Bloomberg citing sources familiar with the matter.
Australia’s Insignia Financial has received an updated offer from CC Capital Partners to acquire the wealth management firm for AUD3.07bn ($1.91bn), according to a report by Reuters.
Sky Island Capital, a private equity firm based in Dallas that specialises in the lower middle market, has closed its second fund, Sky Island Capital II LP (Fund II), surpassing its original target of $225m, and securing $300m in capital commitments.
Carlyle has engaged bankers to consider selling its UK-based funds network and data company, Calastone, in what could be the latest high-profile transaction in a sector that has drawn significant investment, according to a report by Reuters citing four sources familiar with the matter.
Global private equity and venture capital deal activity surged by 24.7% in value in 2024, reaching $639bn, despite a 6.5% drop in transaction volume, according to a report by PE Insights citing S&P Global Market Intelligence.
US investment firm I Squared Capital is considering a bid for Hong Kong-listed broadband provider HKBN, which could value the company at up to $1bn, according to a report by Reuters citing two sources familiar with the matter.
The People’s Pension, one of the largest independent master trusts in the UK, is to start investing a significant proportion of the £31bn of assets it manages into private markets later this year, with a target to grow this allocation to £4bn by 2030.
Strategic Value Partners (SVP), a global alternative investment firm with $19bn AUM, will provide €200m in preferred equity to support Bjelin Group’s long-term growth objectives.
ChatGPT creator, OpenAI, has appointed Adebayo Ogunlesi, a private equity veteran and current CEO of Global Infrastructure Partners (GIP), to its board, according to a report by Reuters.
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