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KKR & Co is planning a take-private deal for German space and technology company OHB SE alongside the firm’s founding family, which values the business at around €1bn including debt, according to a report by Bloomberg.
Shares in Australian later-life care provider Estia Health have risen to a near five-year high after global private equity firm Bain Capital agreed to pay AUD838m ($551.3m) to acquire the business, according to a report by Reuters.
Delays in the auction process for Subway have prompted US buyout firm Advent to stop working on a potential deal to acquire the sandwich chain, according to a report by Bloomberg, citing unnamed sources familiar with the matter.
Investment banks and advisory firms are cautiously optimistic that markets will modestly revive through the second half of 2023, despite the current economic uncertainty, with 58% of senior executives expecting only a mild dip in business opportunities, according to a survey by Acuity Knowledge Partners.
Alternative credit manager Pemberton Asset Management (Pemberton) has provided financing to support its first ever UK public-to-private (P2P) transaction – the acquisition of compliance and energy services business Sureserve Group by pan-European private equity firm Cap10.
TOP STORY: KKR & Co Inc is in advanced talks over $1.65bn deal to acquire book publisher Simon & Schuster from Paramount Global after beating off competition from other bidders, according to a report by Reuters.
Tiger Global, the hedge fund firm founded by Chase Coleman in 2001, has built a big stake in private equity group Apollo Global as the firm pivots from the technology investments that have been its stock-in-trade in recent years, according to a report by The Financial Times.
The report cites a mid-year investor letter seen by the FT as revealing the stake in Apollo, which Tiger Gobal describes as a “leading global alternative investment manager”. While the size of the stake has not been disclosed, according to the FT, the fact that it has been mentioned indicates that it is
A golden age of private equity buyouts has come to a end and returns in the $4tn industry will no longer be driven by rising valuations, according to a report by the Financial Times quoting Apollo Global Management Chief Executive Marc Rowan.
His warning comes as the private equity sector faces new challenges presented by a period of lower economic growth and higher interest rates, which makes the cost of borrowing to take companies private, more expensive.
“In the [private] equity business, this year has really marked the end of an era,” said Rowan on Thursday, adding that PE
Business Development Companies (BDCs), investment vehicles originally aimed at retail buyers, are increasingly being used by institutional investors to access the $1.5tn private credit market, according to a report by Bloomberg.
A number of managers including Oak Hill Advisors, Fidelity Investments, Jefferies Financial Group, and Churchill Asset Management, have all launched their first non-traded BDCs this year in an effort to cater to growing institutional investor demand.
Originally intended as way to allow small companies to raise capital from retail investors, BDCs are now finding favour with pensions schemes, insurers and family offices, as well as some international institutions, according
Gen II Fund Services, an independent private capital fund administrator, has appointed Marlene Pelage as the firm’s new Chief Financial Officer, effective 31 July. Pelage joins Gen II from IPG Mediabrands where she served as Global CFO.
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