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...A sale would end Bridgepoint’s eight-year ownership of the company. Typically, private equity groups aim to hold assets for about five years....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...However, the acquisition may attract regulatory scrutiny....
...One option includes turning it into a cash-shell company that pursues acquisitions in new industries, the 63-year-old billionaire told the Financial Times in a rare interview....
...Private equity groups Advent International and CVC Capital have teamed up to bid for a pet food company owned by Cinven, leaving a single bidding consortium left seeking to buy an asset the UK buyout group...
...Under BC Partners, Presidio has grown rapidly, including through the acquisitions of Irish IT business Arkphire and cloud technology company Coda....
...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
...Don’t we advise companies on this?”...
...The two companies revealed last month that they were in talks about the North Sea assets and on Tuesday, confirmed the deal had been agreed....
...CVC — which manages about €186bn in assets and this week confirmed plans to raise €1.25bn in an initial public offering on the Amsterdam stock exchange — has previously been active in the professional services...
...Ultimately, the company decided the perks outweigh the drawbacks....
...Private equity funds have been hit by high interest rates and choppy markets and are facing demands from their investors to return capital by selling assets....
...On Monday, the US Federal Trade Commission sued to block Tapestry’s $8.5bn acquisition of rival Capri Holdings. The pair are best known for their handbag brands....
...It said US asset management group Apollo had committed to providing financing for the acquisition through debt and a minority stake in the bidding vehicle....
...European investors in asset managers would normally gulp at the thought of growth through acquisitions. The likes of Janus Henderson and Jupiter provide reason for pause....
...“We’re going to keep the company independent. We’re certainly not going to be trying to merge and sell the product in the TV market as one,” he said....
...It will also provide CVC with capital to pursue additional acquisitions in areas such as real estate and potentially help finance the acquisition of Dutch infrastructure investment firm DIF Capital Partners...
...Look at the 2017 coupling that created Abrdn or Liontrust’s kiboshed acquisition of Swiss rival GAM. Talks over the sale of Natixis Investment Managers continue to drag on....
...Gray told the FT it will take time for private equity firms, which are sitting on record amounts of unsold assets, to return cash to investors even as the market for mergers and acquisitions comes back to...
...Saudi ambitions Larry Fink has bet big on making the world’s largest asset manager a player in private infrastructure....
...Concord also said it intended to sell up to 30 per cent of Hipgnosis’ assets within a period of 18 to 24 months following completion of the acquisition....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...Typically, buyout groups such as CVC will seek to own assets for between three and five years before cashing out through a sale to a peer, a strategic buyer or a stock market listing....
...Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation, which are asserting their right to pre-empt its purchase...
...Blackstone was one of several parties to bid for the company as it went through a strategic review in recent months....
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