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...US institutional investors are selling more of their private equity holdings at a discount as they cut exposure to the illiquid asset class....
...“Together we have created the largest independent content production company in continental Europe. A next phase now begins with more deals to come to consolidate the space.”...
...The bid for the site from Blackstone underscores the intense interest among property investors and tech companies to invest in data centres....
...As company sales and public listings have dried up, firms have been forced to find more creative ways of returning money to investors....
...Recently, KKR renamed the asset stockpile “strategic holdings” and has begun telling shareholders it will turbocharge growth....
...Blackstone has won the backing of Hipgnosis Songs Fund’s board as the US private equity group seeks to derail Concord Chorus’s proposed $1.4bn takeover of the UK-listed music rights investment company Blackstone...
...Concord, which is controlled by investor Alchemy Copyrights and is ultimately majority owned by US pension fund Michigan Retirement, has been an acquirer of music rights and companies....
...Blackstone has taken pole position in the takeover battle for Hipgnosis Songs Fund after rival Concord said it would not match the US private equity group’s $1.6bn offer for the UK-listed music rights owner...
...The stock price gave the company a market capitalisation of $11.2bn....
...Top of this list may be Vivendi, the billionaire Bolloré family’s holding company, which has voiced its opposition over the price KKR will pay....
...His publicly traded holding company was targeted by a short seller and its shares plunged about two-thirds. The billionaire’s investment portfolio also struggled....
...And then they trust us with more of their capital over time. There’s no right or wrong model here. I think all of our peers and competitors do a terrific job with the companies they’ve owned....
...KKR was also holding talks with large corporations and other private equity buyers about potential asset sales, they said....
...“Between March 2022 and the end of 2023, KKR invested in five portfolio companies that own 78 fossil fuels assets, or nearly half of its current active fossil fuels holdings by number,” says the PECR report...
...“With buyouts, [we can] hunt for companies in the $5bn range . . . what you’ll see us doing . . . is start to do bigger deals and deploy more equity.”...
...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
...Because a company can file bankruptcy in whatever district any one of its dormant shell company affiliates first files bankruptcy....
...The FT revealed last year that Lloyds held a guarantee in the holding companies controlling Very Group that was linked to the distressed debt behind the Telegraph newspaper group, which was then also owned...
...Blackstone has been battling for Hipgnosis with Apollo-backed US investment group Concord....
...Much of his firepower derives from a humble source: a small oil refining and nitrogen fertiliser company in the US heartland....
...Institutional investors, especially in the US, have over-allocated to this asset class....
...Travel company Viking Holdings expects to raise up to $1.1bn in its initial public offering in the US, as the market for listings heats up after two years of subdued activity....
...TPG sold a controlling stake in the talent agency CAA to Artémis, the holding company of the Pinault family, at a $7bn valuation....
...Founded in 2001, Jagex has had several owners, including asset manager Macarthur Fortune Holding, its most recent before Carlyle....
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