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AMERICAS
Xerox, an American corporation that sells print and digital document products and services, completed the acquisition of Lexmark, an American company that manufactures laser printers and imaging products, from Ninestar, a company that manufactures and sells printer consumables and chip design, PAG Asia Capital, an Asia-focused alternative investment firm, and Shanghai Shouda Investment Centre, a Chinese investment entity, for $1.5bn, according to press releases.
Brightstar Capital Partners, a middle market private equity firm, completed the acquisition of PlayAGS, a gaming products manufacturer, for $1.1bn, according to press releases.
TPG, a global alternative asset management firm, completed the acquisition of Peppertree Capital Management, a specialized digital infrastructure investment firm, for $960m, according to press releases.
Peppertree Capital Management was advised by Evercore and Kirkland & Ellis (led by Emma E. Lange-Novak). TPG was advised by Bank of America, Campbell Lutyens, Goldman Sachs, Houlihan Lokey and Weil Gotshal and Manges (led by Brian Parness). AMG was advised by Paul Weiss Rifkind Wharton & Garrison (led by David Hepp and Matthew Collin), according to press releases.
DigitalBridge, a global digital infrastructure investment firm, and La Caisse, an institutional investor, completed the acquisition of Yondr Group, a global developer and operator of hyperscale data centers, from Cathexis, a private investment holding company, according to press releases. Financial terms were not disclosed.
Yondr Group was advised by Citigroup, White & Case (led by James Dodsworth) and FTI Consulting. DigitalBridge was advised by Deloitte, Nomura, Linklaters (led by David Martin and Alex Lehtinen), Joele Frank (led by Sarah Salky) and Ramboll. La Caisse was advised by Morgan Stanley, according to press releases and MergerLinks data.
General Atlantic, a global investor, completed the acquisition of a minority stake in Liftoff, a global leader in performance marketing and monetization solutions for the app economy, from Blackstone, a private equity firm, at a $4.3bn valuation, according to press releases.
AIP Capital, an alternative investment manager, and Monroe Capital, an asset management firm, agreed to form a joint venture, according to press releases. Financial terms were not disclosed.
AIP Capital is advised by Gibson Dunn & Crutcher and PricewaterhouseCoopers. Monroe Capital is advised by Milbank and KPMG. Debt financing is provided by Deutsche Bank and Fifth Third Bank, according to press releases.
Tortuga Resorts, a joint venture between KSL Capital Partners and Rodina, agreed to acquire the real estate portfolio of Playa Hotels & Resorts, an all-inclusive oceanfront resorts owner, from Hyatt, an American multinational hospitality company, for $2bn, according to press releases.
Tortuga Resorts is advised by Goldman Sachs and Simpson Thacher & Bartlett. Hyatt is advised by Berkadia Real Estate Advisors, BDT & MSD Partners and Latham & Watkins, according to press releases.
Harvest Partners, a private equity firm that makes investments in middle-market companies, completed the majority acquisition of The Learning Experience, a company that provides child care and early education services for infants through preschool-aged children, from Golden Gate Capital, an American private equity firm, according to press releases. Financial terms were not disclosed.
Harvest Partners was advised by Kirkland & Ellis, Ropes & Gray and Lambert & Co (led by Caroline Luz). Golden Gate Capital was advised by Harris Williams & Co and Paul Weiss Rifkind Wharton & Garrison (led by Jeremy M. Veit and Austin Pollet), according to press releases.
Eagle Merchant Partners, a private equity firm, completed the investment in Aligned Fitness, a Southeast-based franchisee of Club Pilates, according to press releases. Financial terms were not disclosed.
Aligned Fitness was advised by Piper Sandler and Williams Mullen. Eagle Merchant was advised by King & Spalding, Miller & Martin and PR South (led by Thornton Kennedy) , according to press releases.
Thoma Bravo, a software-focused private equity firm, agreed to acquire Olo, a restaurant technology provider, for $2bn, according to press releases.
Olo is advised by Goldman Sachs and Goodwin Procter (led by John Egan). Thoma Bravo is advised by Kirkland & Ellis (led by Bradley Reed) and FGS Global (led by Akash Lodh), according to press releases.
SGS, a testing, inspection and certification company, agreed to acquire Applied Technical Services, a provider of specialized testing services, from Odyssey Investment Partners, a private equity firm, for $1.3bn, according to press releases.
Odyssey Investment Partners is advised by Houlihan Lokey, Rothschild & Co, Latham & Watkins and Gasthalter & Co (led by Mark Semer), according to press releases.
Triton International, a lessor of intermodal freight containers, completed the acquisition Global Container International, a marine container leasing company, from Wafra, an investment management firm, in a $1bn deal, according to press releases.
Triton International was advised by Skadden Arps Slate Meagher & Flom (led by Ralph Perez and Eric Otness). Global Container International was advised by Goldman Sachs and Sidley Austin (led by Brien M. Wassner). Wafra was advised by Prosek Partners, according to press releases.
Advent International, a private equity firm, agreed to acquire a majority stake in LayerZero Power Systems, a provider of highly reliable power infrastructure solutions including STSs and PDUs for mission-critical data centers, according to press releases. Financial terms were not disclosed.
LayerZero Power Systems is advised by Citizens Bank and Calfee Halter & Griswold. Advent is advised by Harris Williams & Co and Weil Gotshal and Manges (led by Ramona Nee), according to press releases and MergerLinks data.
Bregal Sagemount, a growth-focused private equity platform, agreed to acquire a minority stake in Extra Duty Solutions, a provider of off-duty program administration services and scheduling software for law enforcement agencies, according to press releases. Financial terms were not disclosed.
Extra Duty Solutions is advised by Capstone Partners (led by Tom McConnell) and Holland & Knight. Bregal Sagemount is advised by Massumi + Consoli and Paul Weiss Rifkind Wharton & Garrison (led by Eric J. Wedel and Matthew Leist), according to press releases and MergerLinks data.
Warner Music Group, the global music entertainment company, and Bain Capital, a private equity firm, agreed to form a joint venture to allow for the purchase of up to $1.2bn of legendary music catalogs across both recorded music and music publishing, according to press releases.
Warner Music Group is advised by Sidley Austin (led by Matthew Thompson). Bain Capital is advised by Paul Weiss Rifkind Wharton & Garrison (led by Cullen Sinclair, Edward Ackerman and Chuck Googe). Debt financing is provided by Fifth Third Bancorp and Goldman Sachs, according to press releases and MergerLinks data.
Clio, a legal technology company, agreed to acquire vLex, a developer of a legal information platform, from Oakley Capital, a mid-market private equity investor, for $1bn, according to press releases.
Mill Point Capital, a private equity firm, completed the acquisition of SS8 Networks, a lawful and location intelligence and monitoring center platform, according to press releases. Financial terms were not disclosed.
SS8 was advised by Union Square Advisors and Latham & Watkins. Mill Point Capital was advised by Morrison Foerster, according to press releases.
GE Aerospace, a provider of jet and turboprop engines, completed the acquisition of Northstar Aerospace, a manufacturer of flight-critical and non-flight-critical parts for military and commercial aircraft applications, from Wynnchurch Capital, a private equity firm, according to press releases. Financial terms were not disclosed.
Wynnchurch was advised by Lincoln International, Moelis & Co and Vedder Price, according to press releases.
Sky Island Capital, a private equity firm specializing in manufacturing companies, completed the acquisition of Scranton Products, a commercial HDPE partitions and lockers division manufacturer, from The AZEK Company, a manufacturer of outdoor living products, according to press releases. Financial terms were not disclosed.
Sky Island Capital was advised by William Blair & Co, Jones Day (led by Lisa Lathrop) and Latham & Watkins, according to press releases and MergerLinks data.
Neuberger Berman, an investment platform providing capital solutions to private equity-owned companies, completed the investment in Paradigm, a premier risk-taking organization focused on managing complex, high-cost cases and conditions for payors in the US workers' compensation and healthcare markets, from OMERS Private Equity, a private equity firm, and Summit Partners, a global growth equity investor, according to press releases. Financial terms were not disclosed.
TorQuest Partners, a private equity firm, agreed to acquire GlassRatner, a financial advisory services firm, from B. Riley Financial, a diversified financial services company, for $118m, according to press releases.
TorQuest is advised by FGS Longview (led by Ian Hamilton) , according to press releases.
CenterGate Capital, a Texas-based private equity firm, completed the acquisition of Marena Group, a specialist in medical-grade compression garments, from The Riverside Company, a private equity firm, according to press releases. Financial terms were not disclosed.
Riverside was advised by Jones Day (led by Justin Farra), according to press releases and MergerLinks data.
CenterOak Partners, a private equity firm, completed the acquisition of NOW CFO, a provider of outsourced finance and accounting services, according to press releases. Financial terms were not disclosed.
CenterOak Partners was advised by Gregory FCA (led by Jeremy Milner), according to press releases.
Blackstone, an investment firm specializing in alternative assets, completed the acquisition of the remaining stake in Cvent, an event software company, from Vista Equity Partners, a private equity firm, for $1.3bn.
General Atlantic, a global growth equity firm, led a $190m Series C round in Klar, a Mexican fintech company, with participation from IFC, Prosus, Mouro Capital, Quona Capital, Santander, Grupo Formula and Grupo Televisa, according to Bloomberg.
Unilever, a consumer packaged goods company, agreed to acquire Dr. Squatch, a personal care brand, from Summit Partners, an investment firm, according to press releases. Financial terms were not disclosed.
Canadian pension funds shelve $6bn sale of Cubico Sustainable Investments. (Reuters)
Ontario Teachers' Pension Plan and PSP Investments have halted the sale of Cubico Sustainable Investments, their jointly owned renewables platform, after bids failed to meet valuation expectations. The owners had sought over $6bn(including debt), but offers came in closer to €5bn ($5.9bn), prompting a pause in the process.
Cubico operates 2.8 GW of wind, solar, and transmission assets across Europe, the Americas, and Australia. Interested bidders reportedly included Qualitas Energy and KKR-backed ContourGlobal, but no deal was reached. The sale process, which began nearly two years ago, is not expected to resume imminently.
Cubico was originally formed in 2015 through a partnership with Banco Santander, with OTPP and PSP acquiring full ownership a year later.
Brookfield private equity arm sells stakes to fund for wealthy. ( Bloomberg)
Brookfield Business Partners plans to sell portions of its stakes in three portfolio companies to a new private equity fund managed by Brookfield Asset Management and aimed at high-net-worth individuals.
Brookfield Business Partners will receive units in the new fund valued at about $690m, reflecting an 8.6% discount to the net asset value of the transferred holdings.
Thoma Bravo is in talks to acquire Verint Systems. ( Bloomberg)
Thoma Bravo is in discussions to acquire Verint Systems, a US-based provider of call center and customer engagement software. The private equity firm is currently negotiating deal terms, while Verint is working with a financial adviser on the potential transaction.
The talks reflect ongoing interest from private equity in enterprise software firms, particularly those offering cloud-based customer service solutions. A final agreement has not yet been reached, and details could still change.
NIQ Global Intelligence files for a $1.25bn US IPO. (Bloomberg)
NIQ Global Intelligence, formerly the consumer intelligence unit of Nielsen, has filed for an initial public offering with the US Securities and Exchange Commission, aiming to use proceeds to reduce its $4.3bn debt load.
Backed by Advent, KKR, and the Nuremberg Institute for Market Decisions, the company reported Q1 2025 losses of $74m on $966m revenue, narrowing from a $174m loss a year earlier. It generated $740m in adjusted EBITDA in 2024.
The IPO, reportedly aiming to raise ~$1.25bn at a $10bn valuation, will be underwritten by JP Morgan, Bank of America, UBS, Barclays, and RBC. NIQ intends to list on the NYSE under the ticker "NIQ."
Platinum-backed McGraw Hill files for IPO. (Bloomberg)
McGraw Hill, the US-based education publishing company backed by Platinum Equity, has filed for an initial public offering and plans to list its shares on the New York Stock Exchange under the symbol MH. The company reported narrowing losses ahead of the filing, indicating improving financial health.
McGraw Hill, which generates over $1bn in annual revenue, is a major provider of digital learning platforms and educational content. The IPO could serve as a key exit event for Platinum Equity, which acquired the company in 2021.
Goldman Sachs, Bank of Montreal, JP Morgan, Macquarie Capital, and Morgan Stanley are leading the offering.
Shore Capital closes $450m Food & Beverage Fund III. ( Press Release)
Shore Capital, a Chicago-based private equity firm with an additional office in Nashville, has closed its third food and beverage-focused fund, Shore Capital Food & Beverage Partners Fund III, securing more than $450m in capital commitments. The close brings the firm’s total assets under management to approximately $13bn.
Kirkland & Ellis acted as legal advisor on the fundraise. No placement agent was involved in the process.
Catalio Capital closes $400m healthcare venture fund. ( Press Release)
Catalio Capital Management has closed its fourth venture vehicle, Catalio Nexus Fund IV, with over $400m in commitments across the fund and its related co-investment structures.
The raise attracted continued support from existing backers as well as new institutional investors globally, including RIAs, foundations, and endowments. The fund will continue Catalio’s strategy of investing in cutting-edge healthcare and life sciences companies.
Sorenson Capital launches $150m Ventures Fund III. (Press Release)
Sorenson Capital, a venture capital firm with offices in Palo Alto and Salt Lake City, announced the launch of its third early-stage fund, Ventures III, with $150m in capital commitments. This new fund underscores the firm's dedication to its focused investment strategy in cybersecurity and B2B software companies ranging from pre-revenue up to $5m in ARR.
"Our deliberate fund size is about maximizing our impact – for our LPs and our founders. We've seen firsthand that bigger doesn't always mean better in this business. Our consistent focus means we remain deeply involved with each of our investments from day one through exit," Rob Rueckert, Sorenson Capital Managing Director.
EMEA
KKR and Advent, a private equity companies, are bidding to acquire Spectris, a supplier of precision instrumentation and controls, for up to £4.7bn ($6.4bn).
Stonepeak, an alternative investment firm, completed the acquisition of Forgital, a manufacturer of advanced forged and machine-finished components for aerospace and industrial end markets, from Carlyle, a global investment firm, for €2bn ($2.3bn), according to press releases.
Namirial, a software solutions company, agreed to acquire Signaturit, a provider of a broad range of cloud-based solutions, from PSG Equity, a private equity firm, according to press releases. Financial terms were not disclosed.
Namirial is advised by JP Morgan. Bain Capital is advised by Camarco. Ambienta is advised by Image Building and Kekst CNC. PSG is advised by Prosek Partners, according to press releases and MergerLinks data.
Cobepa, a private investment firm, agreed to acquire a majority stake in Itineris, a SaaS company providing utility software via its UMAX platform, from institutional investors and funds PMV, Gimv, Smartfin and SFPIM, according to press releases. Financial terms were not disclosed.
Itineris is advised by DC Advisory (led by Paul de Hek, Alexander Luycx and Edward Godfrey), A&O Shearman and Four & Five. Cobepa is advised by Eight Advisory, according to press releases and MergerLinks data.
Integrated Polymer Solutions, a designer and manufacturer of engineered elastomeric components, agreed to acquire Oldham Seals, a designer and manufacturer of engineered polymer and elastomeric ducting components, from Arcline Investment Management, a private equity firm, according to press releases. Financial terms were not disclosed.
Oldham Seals is advised by Rothschild & Co. Arcline Investment Management is advised by KAL Capital Markets and Joele Frank, according to press releases and MergerLinks data.
Fremman Capital, a private equity firm, completed the acquisition of DIESSE Diagnostica Senese, an Italian producer of innovative diagnostic systems, according to press releases. Financial terms were not disclosed.
DIESSE is advised by Jefferies & Company. Fremman Capital was advised by A&O Shearman. Archimed is advised by Dentons, according to press releases and MergerLinks data.
Pritzker Private Capital, a private equity firm, completed the acquisition of Buckman, a family-owned innovator in specialty solutions for water treatment and industrial processes, according to press releases. Financial terms were not disclosed.
Buckman was advised by Evercore and H/Advisors Abernathy (led by Dan Scorpio). Pritzker was advised by JP Morgan, according to press releases and MergerLinks data.
Stellex Capital, a private equity firm, agreed to acquire environmental technology business from Dürr Group, a mechanical and plant engineering firm, according to press releases. Financial terms were not disclosed.
Stellex Capital is advised by Sidley Austin (led by Bjoern Holland). Dürr is advised by Skadden Arps Slate Meagher & Flom (led by Holger Hofmeister), according to MergerLinks data.
MM Capital Partners, an investment firm, Daiwa Energy & Infrastructure, an investment firm focused on sustainable energy projects, and Mizuho Leasing, a financial services firm, completed the acquisition of a 50% stake in a portfolio of renewable assets in Portugal from TotalEnergies, a French multinational energy company, for €178m ($210m), according to press releases.
TotalEnergies was advised by Barclays, according to press releases and MergerLinks data.
BigPoint, an investment firm, and Partners Group, a private equity firm, led a $162m round in Climeworks, a Swiss company specializing in direct air capture technology for carbon dioxide removal, according to press releases.
Climeworks was advised by Lenz & Staehelin (led by Beat Kuehni), according to press releases and MergerLinks data.
Tabreed, a district cooling company, and CVC DIF, an infrastructure strategy of CVC, agreed to acquire PAL Cooling, a district cooling plants owner, from Multiply Group, an investment holding company. Financial terms were not disclosed.
Tabreed and CVC were advised by Citigroup, according to MergerLinks data.
Rubicon Partners, an investment partnership focused on the acquisition of complex industrial businesses, agreed to acquire Air Pollution Control business from FLSmidth, a flowsheet technology and service supplier to the global mining industry, according to press releases. Financial terms were not disclosed.
FLSmidth is advised by Rothschild & Co, according to MergerLinks data.
Galenica, a healthcare services and products provider, agreed to acquire Labor Team Group, a medical laboratory, from GENUI, a private equity firm, according to press releases. Financial terms were not disclosed.
EQT, a healthcare-focused investment firm, agreed to acquire Europa Biosite, a distributor of research-use-only life science reagents, chemicals, and biospecimens, from Adelis Equity, a private equity firm, according to press releases. Financial terms were not disclosed.
Adler weighs €3.5bn sale of Berlin rental portfolio. (Bloomberg)
Adler Group is preparing to sell its crown-jewel portfolio of 18k Berlin apartments, potentially valued at €3.5bn($4.1bn), as part of a broader wind-down effort amid ongoing financial and reputational challenges. The company has received pitches from investment banks to advise on the structuring and eventual sale of the portfolio, though the process is expected to take several months and may not conclude before 2026.
The proceeds from the Berlin asset sale would be used to help repay Adler’s remaining €3.8bn debt, accelerating the dismantling of the once 70k-unit German landlord. The sale marks a pivotal moment in Adler's post-scandal restructuring following allegations of undisclosed influence by Austrian investor Cevdet Caner and debt-fueled acquisitions.
Controlled by a creditor consortium including Taconic Capital Advisors, PIMCO, Sculptor Capital Management andArini. Adler has already offloaded other assets like the North Rhine-Westphalia “Cosmopolitan” portfolio and its remaining development projects.
KKR leads £1.7bn race to acquire NewDay Group. ( Sky News)
The private equity firm at the center of multiple bidding wars for British companies is now leading the £1.7bn ($2.3bn) contest to acquire NewDay Group, the owner of Argos’ store-card operations.
KKR is currently the frontrunner to buy NewDay, which is owned by buyout firms Cinven and CVC Capital Partners. However, KKR is not in exclusive negotiations, and other interested parties — including Pimco, asset management giant KKR itself, and a Bain Capital-led consortium — are still in the running to acquire the company.
EQT begins sale process for stake in Radius' €1bn Italian unit. ( Bloomberg)
EQT has initiated the sale of a significant minority stake in the Italian division of Radius Global Infrastructure, which could be valued at over €1bn ($1.2bn). The unit leases real estate assets to wireless carriers and tower operators, forming a key part of Radius' European digital infrastructure portfolio. EQT is working with UBS to approach potential investors.
The move is part of EQT's strategy to crystallize value from its infrastructure holdings while maintaining a role in the asset’s future growth.
HIG Capital prepares £800m sale of Interpath Advisory. (FT)
HIG Capital is preparing to launch a sale of Interpath Advisory, the former KPMG restructuring arm, targeting a valuation of around £800m ($1bn). The private equity firm has begun engaging banks to advise on the process, four years after acquiring Interpath from KPMG for £400m ($510m).
Interpath, which initially struggled post-acquisition, turned a corner last year with £3m ($3.8m) in pre-tax profit after consecutive losses in 2022 and 2023. The firm, now led by Mark Raddan, has expanded beyond restructuring into corporate finance consulting and grown from 450 to over 1k employees.
The sale comes amid ongoing interest from private equity in professional services firms, despite a difficult exit environment due to elevated interest rates and subdued M&A activity.
Blackstone to consider options for UK's Warehouse REIT bid. ( Reuters)
The US private equity firm had previously submitted a best and final offer of £470m ($644m). However, with Warehouse REIT now backing a higher competing bid, Blackstone’s “no increase” statement is no longer in effect.
Historically, Blackstone has worked with Simpson Thacher & Bartlett, Kirkland & Ellis, Citigroup and Morgan Stanley, according to MergerLinks data.
Carlyle is in talks to hand over Dainese to private lenders. ( Bloomberg)
Carlyle Group is in talks to transfer ownership of Italian sportswear company Dainese to creditors HPS Investment Partners and Arcmont Asset Management in what could become one of Italy’s first private credit takeovers.
The potential handover would be a consensual restructuring, with terms still under negotiation. The outcome of the talks remains uncertain.
BlackRock weighs selling stake in Saudi Aramco gas pipelines. ( Bloomberg)
BlackRock is in talks with Saudi Aramco to potentially sell back its stake in the leasing rights to Aramco’s natural-gas pipeline network. The asset manager is exploring this option but may consider other alternatives if a deal isn’t reached.
Cirsa targets €2.5bn valuation in major Spanish IPO. ( Bloomberg)
Cirsa, the casino operator backed by Blackstone, is aiming for a valuation of €2.5bn ($3bn) in its upcoming initial public offering, positioning it to become Spain’s second-largest IPO so far this year.
The offering will include about 30.2m shares priced at €15 ($17.6) each, expected to raise around €453m ($531m). This deal would rank as Spain’s second-biggest IPO of the year.
APAC
KKR, a global investment firm, agreed to acquire ProTen, an agricultural infrastructure business and corporate meat chicken grower, from Aware Super, an Australian super fund, according to press releases. Financial terms were not disclosed.
KKR is advised by UBS and Sodali & Co (led by James Strong). Aware Super is advised by GRACosway (led by Brendan Altadonna), according to press releases.
CVC Capital, a private equity and investment advisory firm, completed the acquisition of a 26.47% stake in Aavas Financiers, a housing finance company known for providing home loans in the rural and semi-urban locations of India, from Kedaara Capital, an operationally oriented private equity firm pursuing control and minority investment opportunities in India, and Partners Group, a Swiss-based global private equity firm, for $408m, according to press releases.
Aavas Financiers was advised by Jefferies & Company. Kedaara was advised by Cyril Amarchand Mangaldas, according to MergerLinks data.
SC Ventures, a venture capital firm, led a $120m Series D round in Jumbotail, an Indian B2B marketplace and new retail platform for food and grocery, with participation from Artal Asia, according to press releases.
Jumbotail was advised by Adfactors PR (led by Hannah Javvaji). SC Ventures was advised by Concept PR (led by Niti Kalyangal), according to press releases.
The Living Company, a platform combining retirement, student accommodation, and build-to-rent operations, agreed to acquire Aveo, an Australian senior-living operator, from Brookfield, a private equity firm, for $2.5bn, according to MergerLinks data.
Brookfield is advised by Morgan Stanley, according to MergerLinks data.
Advantage Partners, a Tokyo-based mid-market private equity firm, agreed to acquire MAFTEC, an ultra-high temperature heat insulation solutions provider, from Apollo Global, a private equity firm, according to press releases. Financial terms were not disclosed.
Apollo Global is advised by Morgan Stanley, according to press releases and MergerLinks data.
KKR, a global investment firm, agreed to acquire finexis, a Singaporean financial advisory firm, according to press releases. Financial terms were not disclosed.
finexis and Ascend Asia are advised by SEC Newgate (led by Xiaorong Guo), according to press releases.
TA Associates, a private equity firm, agreed to invest in Viridian Financial Group, an Australian diversified financial services business, according to press releases. Financial terms were not disclosed.
Viridian Financial Group is advised by Honner (led by Craig Morris), according to press releases.
AM Green, a green hydrogen and ammonia production company, agreed to acquire a 17.5% stake in Greenko, an energy transition and decarbonization solutions company, from ORIX, a diversified financial services group, for $1.3bn, according to press releases.
A consortium of investors including Beijing Green Energy and Low-Carbon Industry Investment Fund, FOTON, BAIC Capital, Bosch Ventures, Boyuan Capital, Guotai Junan, CICC and Jinyuan, led a $167.5m Series Pre-A round in Cavan Auto, a company developing commercial vehicles powered by battery-electric and hydrogen fuel technologies, according to DealStreetAsia.
Tata is said to be in talks to buy out investors in Resurgent. ( Bloomberg)
Tata Group is in talks to acquire full ownership of Resurgent Power Ventures, a Singapore-based power generation and transmission company.
Tata Power, which currently holds a 26% stake through a subsidiary, is working with an adviser to purchase the remaining shares held by ICICI Venture Funds Management, Kuwait Investment Authority, and Oman Investment Authority.
I Squared Capital drops HKBN takeover plans amid rival bid. ( Reuters)
US-based infrastructure investment firm I Squared Capital has decided to withdraw its plans to make a takeover offer for Hong Kong's broadband operator HKBN. This move comes as a rival bid backed by a state-owned entity emerges as the frontrunner.
I Squared already owns HGC Global Communications, another Hong Kong-based broadband provider in which China Investment holds a minority stake. However, the Miami-based firm has been unable to secure approval from the Chinese sovereign wealth fund to move forward with a formal bid for HKBN.
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