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Apollo Global Management plans to commit around $6bn to its recently launched sports-focused investment unit, Apollo Sports Capital (ASC), a significant increase on the original $5bn the firm said it was aiming to deploy, according to a report by Sportico.
Blackstone has expanded its investment in artificial intelligence startup Anthropic PBC, bringing its total stake in the OpenAI rival to around $1bn at the company’s current $350bn valuation, according to a report by Bloomberg.
Gemspring Capital, a middle-market private equity firm with $5.1bn of capital under management, has appointed Aron Grossman and Zubin Malkani as co-heads of investments. In this role, they will continue to source, execute, and oversee investments while also assuming broader leadership responsibilities across the firm’s investing platform.
Warburg Pincus has announced that Ralph Haupter will serve as an external senior advisor to its European Technology team. Haupter is the executive vice president and chief revenue officer for Small Medium Enterprises and Channel at Microsoft.
Apollo Global Management is close to finalising a roughly $3.4bn loan to an investment vehicle that plans to purchase advanced chips from Nvidia and lease the hardware to xAI, according to a report by The Information.
Keppel Ltd has secured a $125m commitment from the Asian Infrastructure Investment Bank for its private credit strategy according to a report by Bloomberg, marking a further move by development finance institutions into the asset class across Asia.
China’s State Administration for Market Regulation has approved the proposed acquisition of Hologic Inc by private equity firms Blackstone Inc and TPG Inc, according to a report by Reuters.
Harith General Partners is planning to acquire South African low-cost carrier FlySafair, according to a report by Bloomberg. The transaction is at an advanced stage and remains subject to regulatory approvals, including competition and aviation licensing authorities, according to Chairman Tshepo Mahloele.
Standard Chartered PLC Chief Financial Officer Diego De Giorgi has resigned after around two years in the role, to join Apollo Global Management where he will be partner and head of Europe, the Middle East, and Africa, according to a report by Bloomberg.
Audax Private Equity, a mid- to lower-mid-market investor, has sold Colony Hardware, a distributor of construction materials and jobsite supplies, to White Cap, a distributor of specialty construction supplies and safety products for professional contractors. The terms of the transaction were not disclosed.
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