777 Partners, the US based investment firm, is still raising funds to close the deal it signed to months ago to acquire Everton FC, according to a report by Forbes.Â
Prima Assicurazioni, an insurance start-up backed by some of the world’s largest private equity firms including Blackstone, is looking to sell minority stake to an investor to raise fresh cash for the business, according to a report by Reuters.
Private equity funds managed by Blackstone, the world’s largest alternative asset manager, are to acquire Civica, a global specialist in public sector software solutions, from private markets firm Partners Group.
Citigroup is the latest bank targeting a slice of the booming $1.6tn private credit market with plans to launch a new direct-lending strategy in the first few weeks of next year, according to a report by Bloomberg.
Despite the current challenging fundraising environment, Bain Capital has held the final close of its fifth pan-Asia private equity fund 40% above target with $7.1bn in total capital commitments, according to a report by Reuters.
Private credit majors including Ares Management Corp and Blackstone Inc are currently deploying over half of the sector’s capital, according to a report by Bloomberg citing new research by AIMA associate the Alternative Credit Council.
Brazil-based beauty product business Natura &Co has agreed to sell The Body Shop to international private equity group and Lloyds Pharmacy-owner Aurelius for £207m – £660m less than the £870m it paid for the business six years ago.
TOP STORY: Blackstone is in the final stages of borrowing around $400m through collateralised loan obligations to boost the lending power of its $52bn flagship private credit fund, according to a report by The Financial Times.
DFL Deutsche Fussball Liga, the governing body for German professional football, is making a third bid to strike a deal to sell a stake in the subsidiary that handles the Bundesliga media rights to private equity firms for up to €1bn, according to a report by Bloomberg.
Barings is targeting a AUD1.4bn ($893m) fundraise for a planned Australian private credit fund, which is aiming to provide borrowers with an alternative source of funding to banks and the bond market, according to a report by Bloomberg.