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AMERICAS
Clearlake Capital completes the acquisition of Qualus from New Mountain Capital.
Clearlake Capital, a private equity firm, completed the acquisition of Qualus, a US-based power engineering and technical services firm, from New Mountain Capital, an American alternative investment firm, according to press releases. Financial terms were not disclosed.
Qualus was advised by AEC Advisors, Harris Williams & Co, Simpson Thacher & Bartlett (led by Matthew Rogers, Elizabeth Cooper and Keegan Lopez). Clearlake Capital was advised by Apollo Global Management, Clearlake Credit, Goldman Sachs, Wachtell Lipton Rosen & Katz (led by Edward D. Herlihy and Matthew T. Carpenter and Eric Feinstein). Apollo was advised by Latham & Watkins (led by Stelios Saffos). New Mountain Capital was advised by AEC Advisors, Harris Williams & Co, Simpson Thacher & Bartlett, H/Advisors Abernathy, and Prosek Partners , according to MergerLinks data and press releases.
General Catalyst and Alpha Wave-backed Long Lake, an operator of a holding company, agreed to acquire American Express Global Business Travel, a software and services company for travel, expense and meetings & events, for $6.3bn, according to press releases.
Amex GBT is advised by Rothschild & Co, Kirkland & Ellis and Skadden Arps Slate Meagher & Flom (led by Thaddeus Hartmann). Long Lake is advised by Bank of America, Citigroup, JP Morgan, Gibson Dunn & Crutcher and Latham & Watkins. Debt financing is provided by Bank of America, Citigroup, JP Morgan and MUFG Bank. KED is advised by Moelis & Co and Jones Day, according to MergerLinks data and press releases.
Brookfield, an alternative asset manager, completed the acquisition of Peakstone Realty Trust, an industrial real estate investment trust with a strategic focus on the industrial outdoor storage sector, for $1.2bn, according to press releases.
Brookfield was advised by Citigroup, Goldman Sachs, Morgan Stanley, Gibson Dunn & Crutcher (led by Brian Scrivani), Thompson Hine and Joele Frank (led by Aaron Palash). Peakstone Realty Trust was advised by Bank of America, Hogan Lovells, Latham & Watkins (led by Julian Kleindorfer, Bradley Helms, Lewis W. Kneib and Darren J. Guttenberg) and O'Melveny & Myers. Bank of America was advised by Cleary Gottlieb Steen & Hamilton, according to press releases and MergerLinks data.
Diversified, a provider of diversified energy solutions, and Carlyle, a global investment firm, agreed to acquire a portfolio of oil and natural gas producing assets in the Anadarko Basin from Camino Natural Resources, an independent oil and natural gas company, for $1.2bn, according to press releases.
Diversified is advised by Citigroup, Truist Securities, Kirkland & Ellis and FTI Consulting. Carlyle is advised by Latham & Watkins (led by Stelios Saffos, Peter J. Sluka, Chris Heasley and J. Cory Tull), Paul Hastings and Prosek Partners (led by Ben Howard). Camino Natural Resources is advised by Jefferies & Company, RBC Capital Markets and Vinson & Elkins, according to press releases and MergerLinks data.
VSE, a provider of aftermarket distribution and repair services, agreed completed the acquisition of Precision Aviation Group, a provider of maintenance, repair and value-added supply chain services, from GenNx360 Capital Partners, a private equity firm, for $2.03bn, according to press releases.
VSE was advised by Citizens Bank, Perella Weinberg Partners (led by Stephen Henry) and Jones Day (led by Luis Velez and Lorne Cantor). Debt financing was provided by RBC Capital Markets. GenNx360 Capital Partners was advised by JP Morgan, Jefferies & Company and Winston & Strawn (led by Benjamin Popeck, Austin Leach and Justin Levy), according to press releases and MergerLinks data.
Bain Capital, Sixth Street, and Harvest Partners, private equity firms, completed an investment in POWER Home Remodeling, a provider of energy-efficient exterior home remodeling services, according to press releases. Financial terms were not disclosed.
Harvest Partners and POWER Home Remodeling were advised by Harris Williams, Kirkland & Ellis, Rothschild & Co and Bank of America. Bain Capital was advised by Ropes & Gray (led by Jessica F. Cooney and Sarah Schaffer Raux). Sixth Street was advised by Goldman Sachs and Latham & Watkins, according to press releases and MergerLinks data.
Americold Realty Trust, a global temperature‑controlled logistics REIT, and EQT, an investment firm, to form a $1.3bn joint venture, according to press releases.
Americold Realty Trust is advised by Eastdil Secured and Joele Frank (led by Andrew B. Siegel and Lucas Pers). EQT is advised by JP Morgan and Morgan Stanley. Debt financing is provided by JP Morgan and Morgan Stanley, according to press releases and MergerLinks data.
AMETEK, a global manufacturer of electronic instruments and electromechanical devices, agreed to acquire a portfolio of instrumentation businesses from CD&R and Roper Technologies-backed Indicor, a diversified industrial solutions company, for $5bn, according to press releases.
Siris, a private equity firm, completed the acquisition of a majority stake in TAKKION, a provider of renewable energy services, from Apollo Global Management, an alternative investment manager, according to press releases. Financial terms were not disclosed.
Siris was advised by TD Securities, Wells Fargo Securities, Sidley Austin and H/Advisors Abernathy (led by Dana Gorman and Mallory Griffin). Apollo Global Management was advised by Harris Williams & Co and Vinson & Elkins (led by Danielle Mangrum Patterson), according to press releases and MergerLinks data.
UCB, a global biopharmaceutical company, agreed to acquire Candid Therapeutics, a clinical-stage biotechnology company, from Two River, a life science company, and Vida Ventures, a next-generation life sciences investment firm, for up to $2.2bn, according to press releases.
UCB is advised by Lazard and Covington & Burling. Candid Therapeutics is advised by Bank of America, Goldman Sachs, Jefferies & Company and Cooley, according to press releases.
Cerberus Capital, an alternative investment firm, agreed to invest in S+S Industries, a provider of critical solutions and value‑added services for data center infrastructure, according to press releases. Financial terms were not disclosed.
S+S Industries is advised by Portage Point Partners and Gibson Dunn & Crutcher. Cerberus Capital is advised by Houlihan Lokey, JP Morgan, Lazard and Davis Polk & Wardwell, according to MergerLinks data and press releases.
KKR, a global investment firm, completed the acquisition of Arctos Partners, a premier institutional investor in professional sports franchise stakes, for $1.95bn, according to press releases.
Arctos Partners was advised by Bank of America and Kirkland & Ellis (led by Jonathan Benloulou and Michael Considine) and Prosek Partners. KKR was advised by Kirkland & Ellis (led by Frank Saviano) and Simpson Thacher & Bartlett, according to press releases and MegerLinks data.
Lattice Semiconductor, a provider of low-power, small-form-factor programmable logic devices and software, agreed to acquire AMI, a provider of platform firmware and infrastructure manageability for cloud and AI, from THL Partners, a private equity firm, for $1.6bn, according to press releases.
AMI is advised by JP Morgan and Ropes & Gray. Lattice Semiconductor is advised by Morgan Stanley and Wilson Sonsini Goodrich & Rosati. Debt financing is provided by Morgan Stanley and Wells Fargo Securities, according to press releases.
Platinum Equity, a private equity investment firm, completed the acquisition of Infratech, an American manufacturer of electric infrared heating systems, specializing in comfort heating solutions for residential and commercial spaces, according to press releases. Financial terms were not disclosed.
Platinum Equity was advised by Raymond James, Alston & Bird and Willkie Farr & Gallagher (led by Thomas Sharkey and Cristopher Greer). Infratech was advised by Lincoln International and Brette S. Simon Esq, according to press releases and MergerLinks data.
Knox Lane, a San Francisco-based middle-market investment firm, agreed to acquire Cross Country Healthcare, a technology-driven healthcare workforce solutions company, for $437m, according to press releases.
Knox Lane is advised by MTS Health Partners, Kirkland & Ellis and Joele Frank (led by Erik Carlson and Woomi Yun). Cross Country Healthcare is advised by Bank of America, Davis Polk & Wardwell and Collected Strategies (led by Jim Golden and Clayton Erwin), according to press releases.
KKR and Neuberger, investment firms, agreed to acquire Flow Control Group, a systems-oriented industrial solutions company, according to press releases. Financial terms are not disclosed.
Flow Control Group and KKR are advised by Solomon Partners, Kirkland & Ellis, and Debevoise. Neuberger is advised by Evercore, and Latham & Watkins (led by Stelios Saffos) , according to MergerLinks data and press releases.
Hubbell, a manufacturer of utility and electrical solutions, agreed to acquire NSI Industries, a manufacturer and supplier of branded electrical products, from Sentinel Capital Partners, a private equity firm, for $3bn, according to press releases.
NSI Industries is advised by Lincoln International and Kirkland & Ellis. Hubbell is advised by Harris Williams & Co and Wachtell Lipton Rosen & Katz (led by Joshua Cammaker), according to MergerLinks data and press releases.
Wynnchurch Capital-backed Archer Foodservice Partners, a provider of foodservice consumables and parent entity of companies Handgards, Inno-Pak, and Fineline Settings, completed the acquisition of the foodservice business of Sterno, a provider of portable food-warming and tabletop solutions, from Compass Diversified, an investment firm, for $280m, according to press releases.
Archer Foodservice was advised by Foley & Lardner. Sterno was advised by Jefferies & Company, Raymond James and Brownstein Hyatt Farber Schreck, according to press releases and Mergerlinks data.
Integrum, Lightyear Capital and Ontario Teachers, three investors, completed the investment in Allworth Financial, an independent registered investment advisory firm, according to press releases. Financial terms were not disclosed.
Allworth Financial was advised by Houlihan Lokey, William Blair & Co and Davis Polk & Wardwell. Integrum was advised by Simpson Thacher & Bartlett (led by Michael Chao) , according to MergerLinks data and press releases.
Riata Capital Group-backed COEO Solutions, a technology company specializing in cloud phone systems, completed the acquisition of S-NET Communications, a fully managed network infrastructure provider, according to press releases. Financial terms were not disclosed.
Riata Capital Group was advised by Gregory FCA (led by Camaryn Sapienza). S-NET Communications was advised by Q Advisors, according to press releases.
Peter Thiel, a German-American billionaire entrepreneur and venture capitalist, led a $140m Series B round in Panthalassa, a renewable energy and ocean technology company, with participation from John Doerr, TIME Ventures, SciFi Ventures, Susquehanna Sustainable Investments, Hanwha Asset Management, Anthony Pratt, Fortescue Ventures, Future Positive, WTI, Nimble Partners, Super Micro Computer, Sozo Ventures, Dylan Field, Planetary VC, Leblon Capital, Resilience Reserve, Portland Seed Fund, Founders Fund, Gigascale Capital, Lowercarbon Capital, Unless, and WovenEarth, according to press releases.
Panthalassa was advised by VSC Public Relations (led by Abigail Hanson), according to press releases.
A consortium of investors including Anthropic, Blackstone, Hellman & Friedman, Goldman Sachs, General Atlantic, Leonard Green, Apollo Global Management, GIC, and Sequoia Capital to form a AI services joint venture, according to press releases. Financial terms were not disclosed.
Goldman Sachs is advised by Simpson Thacher & Bartlett (led by Katherine Krause) , according to press releases and Mergerlinks data.
Loomis, a global cash-handling company, agreed to acquire Hermes Transportes Blindados, a company that provides secure logistics, cash management, and document management services, from CVC Capital Partners, a private equity and investment advisory firm, for SEK4bn ($432m), according to press releases.
Snowpoint Ventures, a venture capital firm, and Franklin Templeton, an asset management firm, led a $300m Series E round in Astranis, a satellite technology company that builds and operates small, low-cost, geostationary communications satellites, with participation from Andreessen Horowitz, BlackRock, Baillie Gifford, Fidelity Management & Research Company, BAM Elevate, Nimble Partners, and Friends & Family Capital, according to press releases.
Carlyle, a US-based global private equity and alternative asset manager, completed the acquisition of a majority stake in Knack RCM, a technology-driven service provider specializing in revenue cycle management and practice support, and EqualizeRCM, a healthcare revenue cycle management company, according to press releases. Financial terms were not disclosed.
Searchlight Capital Partners, a private investment firm, agreed to invest in CloserStill Media, a B2B events platform, according to press releases. Financial terms are not disclosed.
LLR Partners, a lower middle-market private equity firm, completed the investment in FastSpring, an all-in-one digital commerce platform for AI, gaming, SaaS, software and digital product companies, according to press releases. Financial terms were not disclosed.
Blue Owl's Stack to consider $30bn sale of Asia operations. ( Bloomberg)
Stack Infrastructure, a Denver-based data center company owned by Blue Owl Capital, is evaluating strategic options for its Asia operations, including a potential sale. The assets under review are located in Australia, Japan and Malaysia.
The company has held discussions with prospective advisers regarding a partial or full divestment of these businesses. A transaction involving the Asia portfolio could be valued at more than $30bn.
Francisco Partners in talks to buy payments company Moneris. ( FT)
Francisco Partners is in talks to acquire Moneris, the Canadian payments processor jointly owned by Royal Bank of Canada and Bank of Montreal. A deal could value Moneris at up to $2bn, though discussions are ongoing and a transaction may still fall apart or attract rival bidders.
Moneris is one of Canada’s largest merchant payment processors, handling more than 5bn transactions annually, and would complement Francisco Partners’ existing payments investments, including Verifone and a stake in Paysafe. The potential sale reflects a broader pullback by North American banks from merchant‑payments businesses amid rising competition from fintechs such as Stripe and Adyen.
Blue Owl sold nearly half its SpaceX stake at a $1.25tn valuation. ( Reuters)
Blue Owl has sold roughly half of its SpaceX stake at a $1.25tn valuation, co‑CEO Marc Lipschultz said.
Lipschultz noted that the firm has “made about ten times our money” on the investment, adding that they’ve sold around half of their position while retaining the rest.
Anthropic nears $1.5bn joint venture with Wall Street firms. ( WSJ)
Anthropic is close to finalising a $1.5bn joint venture with Blackstone, Goldman Sachs and other Wall Street firms to provide AI tools to private‑equity‑backed companies.
Anthropic, Blackstone and Hellman & Friedman are expected to anchor the venture with investments of around $300m each, while Goldman Sachs is set to invest about $150m. The initiative would deepen Anthropic’s ties with financial sponsors as PE firms increasingly adopt AI to improve portfolio operations.
Blackstone data center REIT seeks to raise $1.75bn in IPO. ( Bloomberg)
Blackstone Digital Infrastructure Trust, a data‑centre‑focused REIT managed by Blackstone, is seeking to raise up to $1.75bn in a US IPO. The vehicle is designed to give public‑market investors exposure to assets benefiting from rising demand for AI‑driven computing infrastructure.
The REIT plans to acquire already‑built and leased data centres, targeting stable cash‑flow assets tied to the AI boom. Shares are expected to be offered at $20 each, with proceeds used to scale the portfolio as investment in data‑centre capacity accelerates globally.
KKR-backed air ambulance firm GMR seeks $798m in US IPO. ( Bloomberg)
GMR Solutions, the air and ground emergency medical services provider backed by KKR, is seeking to raise up to $798m in a US IPO. The Denver‑based company operates under the Global Medical Response brand.
The offering includes nearly 32m shares priced between $22 and $25 each. GMR’s IPO adds to a growing pipeline of healthcare listings as private‑equity‑owned operators look to tap public markets for capital amid rising demand for emergency and critical‑care services.
Boyne Capital has closed its oversubscribed BCM Fund III, raising more than $400m. ( Press Release)
Boyne Capital, a Miami‑based private equity firm focused on the lower middle market, announced the first and final close of its third fund, BCM Fund III. The fund hit its hard cap with $355m in commitments, surpassing its $275m target.
It closed just 90 days after launching, driven by strong interest from both returning and new investors. Including parallel vehicles and commitments from the Boyne GP group, total capital exceeds $400m with more than 10% coming from Boyne employees.
EMEA
Apollo, an alternative investment manager, completed the acquisition of a majority stake in Prosol, a major French fresh food retailer, from Ardian, a private equity firm, according to press releases. Financial terms were not disclosed.
Apollo was advised by Lazard, RBC Capital Markets, UBS, Cleary Gottlieb Steen & Hamilton (led by Charles Masson), Paul Weiss Rifkind Wharton & Garrison (led by David Carmona and Annie Herdman), Sidley Austin and FGS Global (led by James Murgatroyd). Prosol was advised by JP Morgan and Agence Histoire 2 (led by Nadya Yazzaoui). Ardian was advised by Addleshaw Goddard (led by Anna-Christina Chaves), Boston Consulting Group (led by Andrea Gondekova and François-Xavier Sallé), Deloitte (led by Antoine Larcena), Eight Advisory (led by Sandrine Vouillon and Hubert Christophe), Weastem (led by Emmanuel Parmentier), JP Morgan (led by Kyril Courboin and Augustin d'Angerville), Zaoui & Co (led by Serge Mouracade and Yoel Zaoui), Frieh Brault and Associates (led by Michel Frieh and Paul Sautier), H/Advisors Abernathy, Headland Consultancy and Image Sept, according to press releases and MergerLinks data.
PAI Partners and Fondo Italiano d’Investimento, a private equity companies, agreed to acquire Mecaer Aviation Group, an international provider of aircraft solutions, according to press releases. Financial terms were not disclosed.
Mecaer Aviation Group is advised by KPMG, Lazard and Latham & Watkins. PAI Partners and Fondo Italiano d’Investimento are advised by ATOZ, Boston Consulting Group, New Deal Advisors, Studio Chiaravalli & Reali, Ramboll, BNP Paribas, Marsh, Mediobanca, A&O Shearman and Cleary Gottlieb Steen & Hamilton. PAI Partners is advised by Greenbrook (led by Peter Hewer), H/Advisors Abernathy and ICR Inc (led by Brian Ruby), according to press releases.
Credit Agricole Assurances, an insurer, and LCL (Le Credit Lyonnais), a French banking network, completed the acquisition of Milleis Group, an independent player in private banking and wealth management, from Anacap Financial Partners, a private equity fund, according to press releases. Financial terms are not disclosed.
Bullish, a technology company, agreed to acquire Equiniti, a provider of administration and payment services supported by technology platforms, from Siris, a private equity firm, for $4.2bn, according to press releases.
Bullish is advised by Alvarez & Marsal, Goldman Sachs and Morgan Lewis & Bockius. Siris is advised by Evercore, Financial Technology Partners, LionTree Advisors, Wells Fargo Securities and Sidley Austin, according to press releases.
Long Path Partners-backed Frankel UK completed the acquisition of Idox, a provider of engineering information management solutions, for £339.5m ($460m), according to press releases
Idox was advised by Peel Hunt, Rothschild & Co, Pinsent Masons and MHP Group (led by Reg Hoare). Long Path Partners was advised by Canaccord Genuity (led by Max Hartley), Kirkland & Ellis and Ropes & Gray, according to press releases and MergerLinks data.
MSA Safety, a global manufacturer and supplier of safety equipment, to acquire Autronica Fire and Security, a designer, manufacturer, and supplier of fire detection, gas detection, and alarm systems, from Sentinel-backed Spectrum Safety Solutions, a system distributor providing fire safety, building automation, and security solutions, for $555m, according to press releases.
MSA Safety is advised by Bank of America and Sidley Austin. Sentinel Capital Partners is advised by Citigroup, JP Morgan, Kirkland & Ellis and Broadgate Consultants, according to press releases.
Amulet Capital Partners, a middle-market private equity investment firm, completed the acquisition of TFP Fertility Group, a provider of fertility and reproductive health services, from Benefit Street Partners, a credit-focused alternative asset management firm, according to press releases. Financial terms were not disclosed.
Amulet Capital Partners was advised by Lincoln International, McDermott Will & Schulte and Joele Frank (led by Erik Carlson and Madeline Jones). Benefit Street Partners was advised by Rothschild & Co and Linklaters, according to press releases.
Pacific Avenue Capital Partners, a private equity firm focused on corporate divestitures, agreed to acquire ESE World, an European plastic and steel waste container manufacturer and a provider of associated waste management services, from Amcor, a producer of consumer packaging and dispensing solutions, according to press releases. Financial terms were not disclosed.
Pacific Avenue Capital Partners is advised by Accuracy, PwC and Willkie Farr & Gallagher (led by Hugo Nocerino). Amcor is advised by Greenhill & Co and Latham & Watkins, according to press releases and MergerLinks data.
Inspirit Capital, a London-based private equity firm, completed the acquisition of Kaplan Languages Group, a global educational travel platform, from Kaplan, an international educational services company that provides educational and training services, according to press releases. Financial terms were not disclosed.
Inspirit Capital was advised by AJ Gallagher, Evology, Houlihan Lokey, Mayer Brown, and Interpath, according to press releases.
Montagu, a private equity firm, agreed to acquire a majority stake in DQS, a global certification and assessment body for management systems, processes, and products, according to press releases. Financial terms were not disclosed.
DQS is advised by Houlihan Lokey. Montagu is advised by Greenbrook (led by James Madsen), according to MergeLlinks data and press releases.
IFM Investors-backed Mobius Renewables, a vertically integrated renewable natural gas platform, completed the acquisition of the biogas production activities of Air Liquide, a global industrial gases company, according to press releases. Financial terms were not disclosed.
IFM Investors was advised by FTI Consulting, according to press releases.
Venrock Healthcare Capital Partners, a fund dedicated to investing in healthcare companies, led a $220m Series D round in CellCentric, a biotechnology company developing treatments for multiple myeloma and other cancers, according to press releases.
CellCentric is advised by 1AB, according to press releases.
Intel Capital, the investment arm of Intel, led a $178m Series B round in QuantWare, a quantum hardware provider, with participation from IQT, ETF Partners, FORWARD.one, Invest-NL, InnovationQuarter Capital, Ground State Ventures, and Graduate Ventures, according to press releases.
DCVC, a venture capital firm, and Kembara, a Europe‑focused investment platform dedicated to backing late‑stage deep tech companies, led a $160m Series C round in Quantum Motion, a quantum computing technology company, with participation from British Business Bank, Firgun, Oxford Science Enterprises, Inkef, Bosch Ventures, Porsche Automobil Holding SE and Parkwalk Advisors, according to press releases.
Lone Star Funds, a private equity firm, agreed to acquire DOMO Engineered Materials of DOMO, a producer of engineered nylon materials, according to press releases. Financial terms are not disclosed.
Henko weighs stake sale in Portuguese engineering firm Quadrante. ( Bloomberg)
Henko Partners is exploring the sale of its minority stake in Portuguese engineering and environmental consultancy Quadrante. A transaction could value the Lisbon‑based firm at more than €300m ($351m).
Several private‑equity firms have expressed interest, though discussions remain at a non‑binding, early stage and there is no certainty a deal will proceed. Houlihan Lokey is advising Henko on the process.
DCC is said to have rejected a £5bn takeover offer from KKR and Energy Capital. ( FT)
UK‑listed energy group DCC has turned down a £5bn ($6.8bn) takeover proposal from a group of private investors, arguing that the offer “significantly undervalues the company and its future potential”.
The FTSE 100 firm said its board rejected the £58 ($79)‑per‑share bid from Energy Capital Partners and KKR, which placed DCC’s equity value at roughly £4.95bn ($6.7bn).
KKR is weighing a $10bn sale of the former Unilever spreads unit. ( FT)
KKR is weighing a sale of Flora Food Group, the spreads maker it separated from Unilever in a €6.8bn ($7.9bn) deal, after renewed consumer interest in dairy prompted the business to drop plans for a fully plant‑based portfolio.
The US investment firm has hired bankers to explore a potential divestment of Flora, whose brands include I Can’t Believe It’s Not Butter! and Bertolli.
Intertek primed to reject EQT’s latest £10bn takeover bid. ( FT)
Intertek is preparing to reject EQT’s latest takeover proposal after the Swedish private equity firm raised its offer to £58 ($78.8) per share in pursuit of a deal.
The FTSE 100 testing company considers the revised bid to still undervalue the business, although the increased offer has moved closer to a level that could support a transaction valued at more than £10bn ($13.6bn). Discussions remain ongoing, and no final decision has been made.
EQT is said to have chosen banks to review strategic options for WS Audiology. ( Bloomberg)
EQT has appointed several banks to explore strategic options for hearing‑aid maker WS Audiology, including the possibility of an IPO in Copenhagen.
The Swedish investment firm has tapped Danske Bank, Goldman Sachs and Morgan Stanley to guide the next phase of work, which could lead to a listing as early as next year.
APAC
Angeles Equity Partners-backed Promera, a data center services platform, completed the acquisition of Data Clean Asia, a technical data center services provider, according to press releases. Financial terms were not disclosed.
Promera was advised by WongPartnership, according to press releases.
FM Investors, an investment manager, failed to acquire the remaining 65.52% stake in Atlas Arteria, an international toll road owner and operator, from Lazard Asset Management, BlackRock, and State Street, the investment firms, for AUD4.5bn ($3.22bn)
Brookfield’s Altius is planning an India IPO expected to raise about $630m. ( Bloomberg)
Brookfield Asset Management is preparing to submit draft documents as early as May for the IPO of Altius Telecom Infrastructure Trust, which could raise up to INR60bn ($630m).
India’s largest telecom tower operator is working with JM Financial, Axis Bank, Kotak Mahindra Capital, Citigroup, Jefferies, and Novaaone Capital on the draft prospectus. The company is also weighing a pre‑IPO round of up to INR30bn ($316m).
ASG Hospital plans $500m India IPO filing. ( Bloomberg)
General Atlantic-backed ASG Hospital is preparing to file for an IPO that could raise up to $500m as it advances its listing plans.
The offering is expected to include both fresh equity and shares sold by existing investors as part of the transaction.
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