KKR Grows Industrial Footprint in Denver with Purchase of Park 70

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that KKR has acquired Park 70, a Class A industrial building totaling approximately 164,000 square feet located in Aurora, Colorado. The purchase is KKR’s

Banking Profiles
The week in review: July forex reserves hit five-year high, JPM gets JV full ownership nod, Blackstone’s Soho China acquisition faces review

The week in review: July forex reserves hit five-year high, JPM gets JV full ownership nod, Blackstone’s Soho China acquisition faces review

In this round-up, China’s foreign exchange reserves reach the highest level in five years, JP Morgan receives approval to fully own an onshore securities company, and Beijing launches a review of Blackstone’s $3.05bn take-private of

Great Wall joins ABS rush for Rmb3.2bn deal

Tianjin Great Wall Binyin Automotive Finance Co has continued its foray into the internationally rated ABS market since its first such deal onshore over a year ago, returning for a Rmb3.2bn ($494m) transaction at the

Fast food franchisee Devyani seals Rp18bn IPO

Devyani International, India’s largest franchisee of Pizza Hut, KFC and Costa Coffee, has raised Rp18.38bn ($247.6m) from a listing of primary and secondary stock.

Russian court hands Michael Calvey suspended sentence for embezzlement

U.S. private-equity investor’s sentencing caps court case watched closely by global business community for more than two years

PE investor Michael Calvey given 5-year suspended sentence for embezzlement

Sentencing caps court case watched closely by global business community for more than two years

BlackRock Real Assets closes debut European Real Estate Debt Fund on €609m

BlackRock Real Assets beat the target to collect €609m for its debut European Real Estate Debt fund from over 20 investors. The post BlackRock Real Assets closes debut European Real Estate Debt Fund on €609m

Hedge funds post narrow decline in July

Opalesque Industry Update - Hedge funds posted a narrow loss in July, the first decline since September 2020, ending the streak of consecutive monthly gains at nine. The HFRI Fund Weighted Composite Index (FWC) fell

Keensight Capital to exit Demetra after five years, boosts revenues by 3x

Technology and healthcare-focused buyout house Keensight Capital has agreed to exit portfolio company Demetra to AStorg after tripling the revenue of the company. The post Keensight Capital to exit Demetra after five years, boosts revenues

Ermitage Partners brings in Bouix as managing partner

Placement agent Ermitage Partners has hired Jerome Bouix as managing partner to base in its Stockholm office. The post Ermitage Partners brings in Bouix as managing partner first appeared on AltAssets Private Equity News.

HIG buys into The Bluebird Group to enhance investments in digital insights and analytics

HIG Capital has made an equity investment in The Bluebird Group amid retail market consolidation. The post HIG buys into The Bluebird Group to enhance investments in digital insights and analytics first appeared on AltAssets

eToro backer Hinge Capital raised $19.1m for Classy Fund II, 4x increase from Fund I

Hinge Capital, formerly Ventures51, has secured $19.1m for its Ventures51 Classy Fund II raise, nearly four times the size of its predecessor Fund I, according to a filing to the SEC. The post eToro backer

Appointments
Placement agent Ermitage appoints new managing partner

Placement agent Ermitage appoints new managing partner

Ermitage Partners, an independent placement agent focused on the Nordic and South Korean markets, has hired Jerome Bouix as a managing partner.

Manufacturing and Industrial
FSN secures majority stake in Adragos Pharma

FSN secures majority stake in Adragos Pharma

FSN Capital has acquired a majority stake in Adragos Pharma, a Germany-based B2B contract developer and manufacturer (CDMO) for pharmaceuticals.

CD&R has two extra weeks to consider Morrisons buyout

Private equity major Clayton, Dubilier & Rice has received an extended deadline from the Takeover Panel to consider a counter takeover bid for the supermarket chain Morrisons. The firm will now have until 20 August

asia
CBC-led group said to be in advanced talks for a $2bn takeover of Bain’s stake in Hugel

CBC-led group said to be in advanced talks for a $2bn takeover of Bain’s stake in Hugel

A consortium led by private equity house CBC Group is said to be in advanced talks with Bain’s Capital to acquire its majority stake in Korean cosmetic pharmaceutical company Hugel Inc. The post CBC-led group

Politics
Video: Q&A with Rutland Partners' David Wardrop

Video: Q&A with Rutland Partners' David Wardrop

David Wardrop, a partner at UK-based private equity house Rutland Partners, joins Unquote editor Greg Gille to discuss how the firm is approaching the post-Covid investment landscape.

Public
Morrisons adjourns shareholders' meeting, CD&R still looking at offer

Morrisons adjourns shareholders' meeting, CD&R still looking at offer

Further to the agreement between Wm Morrison (Morrisons) and Fortress Investment Group on the terms of an improved GBP 6.7bn takeover offer for the listed supermarket group, Clayton Dubilier & Rice (CD&R) has asked that

IPO
Palladio, NB Renaissance considering Rina exit ahead of IPO

Palladio, NB Renaissance considering Rina exit ahead of IPO

Private equity firms Palladio and NB Renaissance Partners are considering selling their minority stake in Italian transportation service Rina following unsolicited approaches, according to several sources.

Software and Hi-Tech
France's Atos circled by private equity firms

France's Atos circled by private equity firms

French IT group Atos is being viewed by several private equity firms as a potential takeover target, according to three sources familiar with the situation.

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