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UBS Group AG has raised its private credit default forecast, with its strategists warning that losses could reach as high as 15% in a worst-case scenario, up from 13% just weeks ago, according to a report by Bloomberg.
Business development company New Mountain Finance has sold $477m of private credit assets at 94 cents on the dollar, according to a report by The Straits Times. It said the transaction was aimed at increasing portfolio diversification, reducing payment-in-kind income and improving financial flexibility.
Syntegon, the German packaging machinery manufacturer owned by CVC Capital Partners, has increased its debt by 40% to €1.6bn to fund a shareholder dividend exceeding €550m ($648m) after an outright sale process was paused, according to a report by Bloomberg.
Brookfield Asset Management has acquired cloud-computing startup Ori Industries, merging it into a new entity, Radiant, as part of a push to provide on-demand access to AI chips for governments and tech companies, according to a report by Bloomberg.
Genstar Capital, a PE firm focused on investments in targeted segments of the industrials, software, financial services, and healthcare industries, has appointed John Kufner to the firm’s Strategic Advisory Board (SAB).
TZP Group has announced the realisation of its investment in email address intelligence business AtData, through its sale to Experian.
Frankfurt-based Prime Capital is now targeting €200m-$250m for its inaugural Prime Sustainable Infrastructure Debt Fund, below the original €300m goal, as the firm extends its fundraising period to July 2026, according to a report by Infrastructure Investor.
Capital Constellation, an investment platform managed by Wafra, has completed a strategic partnership with Gallatin Point Capital LLC, a private investment firm focused on structured investments in financial institutions, services, and related assets.
Bain Capital and Lone Star have progressed to the second round of bidding for Mitsubishi Electric’s automotive equipment business, according to a report by Bloomberg citing people familiar with the process.
Citigroup has agreed to sell a further 24% stake in its Mexican retail banking arm, Grupo Financiero Banamex, for about $2.5bn, according to a report by Bloomberg, as it continues to unwind its consumer banking footprint in the country.
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