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Platinum Equity, a private investment firm with more than $48bn in assets, is to acquire GSM Outdoors, a US outdoor and consumer sporting goods company with a portfolio of around 50 brands, from Gridiron Capital.
Global private investment firm KKR is to acquire Janney Montgomery Scott, a wealth management, investment banking and asset management firm with over $150bn in assets under administration, from The Penn Mutual Life Insurance Company.
Blackstone is intensifying its focus on international credit opportunities, and is aiming to grow its portfolio to include a wider range of debt, including local-currency investments, according to a report by Bloomberg quoting the company’s Global Head of Credit & Insurance, Gilles Dellaert.
AlbaCore Capital is looking to raise over €2bn ($2.2bn) for a new senior direct-lending strategy which will compete with established lenders including Ares Management Corp and Intermediate Capital Group, according to a report by Bloomberg.
Golub Capital has taken the lead on a significant $1bn private debt facility to support private investment firm TA Associates’ acquisition of Momentive Software in a carveout from Community Brands, according to a report by Bloomberg.
An affiliate of $64bn global alternative investment firm HIG Capital has acquired Naturalia Tantum, a company operating in the Italian organic beauty & personal care sector.
Overall private credit default rates climbed to 2.71% in Q2 2024, according to the latest Private Credit Default Index from law firm Proskauer, which comprises 922 active US senior-secured and unitranche loans loans with an approximate original principal amount of $150.7bn.
Los Angeles-based global private investment firm Atar Capital has sold its portfolio company, Microcel, a distributor of lifestyle products in Canada, to Canadian distribution company TDL Gentek.
Mubadala Investment Company’s asset management subsidiary Mubadala Capital has agreed to acquire a majority stake in Bugaboo Group, a provider of strollers and children’s consumer products and one of Bain Capital’s portfolio companies.
Blackstone’s inaugural private equity fund targeting Japanese individual investors has raised $1.2bn just four months after launch, on the back of increasing interest in alternative assets in the country, according to a report by Bloomberg.
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