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AMERICAS
CD&R and McKesson to acquire Option Care Health for $5.8bn.
CD&R, a US-based private equity firm, and McKesson, an American company that distributes pharmaceuticals and provides health information technology, medical supplies, and care management tools, agreed to acquire Option Care Health, an independent provider of home and alternate site infusion services, for $5.8bn. Under the transaction, CD&R will acquire a 51% majority stake, while McKesson will invest approximately $1.4bn for a 49% minority stake, according to press releases.
Option Care Health is advised by Centerview Partners, Kirkland & Ellis and Joele Frank (led by Sharon Stern, Arielle Rothstein and Allison Sobel). Centerview Partners is advised by Skadden Arps Slate Meagher & Flom (led by Christopher Barlow). CD&R and McKesson are advised by Bank of America, Barclays, Goldman Sachs, Jefferies & Company and Wells Fargo Securities. CD&R is also advised by Debevoise & Plimpton (led by Christopher Anthony and Kevin Rinker). McKesson is also advised by Davis Polk & Wardwell and Reed Smith. Debt financing is provided by Bank of America, Barclays, Goldman Sachs, Jefferies & Company and Wells Fargo Securities, according to press releases and MergerLinks data.
Samfara, a European life sciences investment firm, completed the acquisition of Chr. Olesen Synthesis, a Danish manufacturer of controlled-substance APIs, from Chr. Olesen, a manufacturer and distributor of ingredients for the animal feed, food and pharmaceutical industries, and Signet Healthcare Partners, a provider of growth capital to healthcare companies, according to press releases. Financial terms were not disclosed.
Samfara was advised by Lockton Companies, Connaught, Inforevision, Addleshaw Goddard, Nivaro Law and RSM International. Chr. Olesen and Signet Healthcare Partners were advised by LEK Consulting, PricewaterhouseCoopers, Stifel, Moalem Weitemeyer, Nielsen Nørager and Sheppard Mullin Richter & Hampton, according to press releases.
Altaris, an investment firm focused exclusively on the healthcare industry, completed the acquisition of the life sciences and healthcare segment of Clarivate, a global provider of transformative intelligence, for $600m, according to press releases.
Clarivate Analytics is advised by Morgan Stanley, Davis Polk & Wardwell (led by Daniel Brass), Hogan Lovells Cadwalader and Joele Frank. Morgan Stanley was advised by Alston & Bird (led by Stuart Rogers). Altaris was advised by JP Morgan and Kirkland & Ellis. JP Morgan was advised by Latham & Watkins (led by John A. Lister, Stelios Saffos and Fergus Wheeler), according to press releases and MergerLinks data.
Nayax, a global commerce enablement, payments and loyalty platform, completed the acquisition of IPS Group, a smart parking infrastructure and technology company, from Windjammer Capital, a private equity firm, for $350m, according to press releases.
Nayax was advised by Jefferies & Company, Reed Smith and Strategy Voice Associates (led by Scott Gamm). Debt financing was provided by Bank Hapoalim and First International Bank of Israel. Windjammer was advised by Harris Williams & Co, Kirkland & Ellis and Gregory FCA (led by Daniel Abramson), according to MergerLinks data and press releases.
Samsonite, a global company in the travel and luggage industry, providing a wide range of products such as suitcases, backpacks, bags, and travel accessories, completed the acquisition of a 85% stake in BEIS, a lifestyle and travel brand, from Monogram Capital Partners-backed Beach House Group, the Los Angeles-based beauty incubator, for $178.5m, according to press releases.
BEIS was advised by Raymond James, Granderson Des Rochers, Grubman Shire Meiselas & Sacks, Hirschfeld Kraemer and The Lede Company. Samsonite was advised by Bank of America, Ropes & Gray (led by Stephanie Lapidus) and Joele Frank (led by Michael Freitag and Ed Trissel), according to press releases and MergerLinks data.
Altaris-backed Analogic, a designer and manufacturer of advanced medical imaging and airport security screening systems, completed the acquisition of the SES business of Leidos, a provider of scientific, engineering, systems integration, and technical services and solutions, according to press releases. Financial terms were not disclosed.
Analogic Corp is advised by Ernst & Young, Hinckley Allen & Snyder and Kirkland & Ellis. Leidos Holdings is advised by KPMG, PJT Partners, DLA Piper and Fried Frank Harris Shriver & Jacobson (led by Steven Epstein), according to press releases and MergerLinks data.
KKR, a global alternative asset management firm, agreed to acquire Gen II Fund Services, a provider of tech-enabled fund administration for private capital asset managers and investors, from Hg and General Atlantic, the private investment firms, for $5.1bn, according to press releases.
KKR & Co is advised by Simpson Thacher & Bartlett. General Atlantic and Hg Capital are advised by Morgan Stanley, Robert W Baird, UBS and Kirkland & Ellis. Gen II Fund Services is advised by Edelman, according to press releases.
Aurora Capital Partners, a private equity firm, completed the acquisition of Softdocs, a provider of process automation and document management solutions to education and government, according to press releases. Financial terms were not disclosed.
Aurora Capital Partners was advised by Macquarie Group, Gibson Dunn & Crutcher and Prosek Partners. Softdocs was advised by Raymond James, Robert W Baird and Alston & Bird, according to press releases.
Advanced Drainage Systems, a manufacturer of innovative stormwater and on-site septic wastewater solutions, agreed to acquire StormTrap, a provider of advanced stormwater management solutions, from PSP Capital, a private equity firm, for $530m, according to press releases.
Advanced Drainage Systems is advised by Jefferies & Company and Squire Patton Boggs. StormTrap and PSP Capital are advised by Raymond James, William Blair & Co and Mayer Brown, according to press releases.
GE HealthCare, a global medical technology company, agreed to acquire SOFIE Biosciences, a developer of molecular imaging probes and devices that support radiopharmaceutical research and personalized healthcare treatment selection, from Trilantic North America, a private equity firm, for $945m, according to press releases.
GE Healthcare is advised by Bank of America, Consello Group and Solomon Partners. Sofie Biosciences and Trilantic North America are advised by Prosek Partners, according to press releases.
Clean Harbors, an environmental and industrial services provider, completed the acquisition of EnviroServe, a national provider of environmental and waste management services, from One Rock Capital Partners, a private equity firm, for $470m.
Clean Harbors is advised by Davis Malm & D’Agostine. EnviroServe is advised by Brown Gibbons Lang & Company, RBC Capital Markets and Latham & Watkins (led by Alexander B. Johnson and Javier F. Stark), according to press releases and MergerLinks data.
Bernhard Capital Partners, a service and infrastructure-focused private equity management firm, completed the acquisition of Revenew, a specialty professional services platform providing cost recovery and cost containment solutions, from Sentinel Capital, a private equity firm, for $189.2m, according to press releases.
Bernhard Capital Partners was advised by Kirkland & Ellis and Prosek Partners. Sentinel Capital was advised by BlackArch Partners and Herbert Smith Freehills Kramer (led by Adi Herman, Ernest Wechsler and John Lagrou), according to press releases and MergerLinks data.
Pacolet Milliken, a sustainability-focused, family-owned investment firm, completed the acquisition of Georgia Renewable Power, a renewable energy company, according to press releases. Financial terms were not disclosed.
Pacolet Milliken was advised by Genesis Capital and Vinson & Elkins. Debt financing was provided by Manulife Wealth & Asset Management. Manulife Wealth & Asset Management was advised by Day Pitney, according to press releases.
Matador Resources, an independent energy company, completed the acquisition of Paloma Permian, an oil and natural gas producing properties holding company, from EnCap Investments, a private equity firm, for $1.275bn, according to press releases.
Paloma Permian and EnCap Investments were advised by RBC Capital Markets and Vinson & Elkins (led by Bryan Loocke). Matador Resources was advised by Baker Botts (led by Preston Bernhisel), according to press releases and MergerLinks data.
Atlas-backed Stryten Energy completes the acquisition of C&D Technologies and Trojan Battery from KPS Capital Partners.
Atlas-backed Stryten Energy, a manufacturer of advanced energy storage solutions, completed the acquisition of C&D Technologies, a global technology company that manufactures industrial batteries and electronics for power conversion and storage, and Trojan Battery, a global manufacturer of deep-cycle batteries, from KPS Capital Partners, a New York-based private equity firm, according to press releases. Financial terms were not disclosed.
Stryten Energy was advised by Paul Hastings. KPS Capital was advised by Jefferies & Company and Paul Weiss Rifkind Wharton & Garrison (led by Angelo Bonvino, Cullen Sinclair and Daniel D. Fuschillo), according to MergerLinks data and press releases.
Constellation Wealth Capital, an alternative asset management platform dedicated to the wealth management sector, completed the investment in BakerAvenue Wealth Management, an independent, fee-only registered investment advisor, according to press releases. Financial terms were not disclosed.
Constellation Wealth Capital is advised by Gibson Dunn & Crutcher. BakerAvenue Wealth Management is advised by Colchester Partners and Alston & Bird, according to press releases.
Grain Management-backed Rightfiber, a telecommunications and broadband provider, completed the acquisition of the Nebraska business of Fastwyre Broadband, an internet service provider, according to press releases. Financial terms were not disclosed.
Grain Management was advised by H/Advisors. Rightfiber was advised by Alston & Bird. Fastwyre Broadband was advised by Jefferies & Company, according to MergerLinks data and press releases.
Grovecourt-backed Guide Architecture, a national architecture and interior design firm, completed the acquisition of MAIA Consulting, a healthcare consulting firm specializing in medical equipment planning and related services, according to press releases. Financial terms were not disclosed.
Guide Architecture was advised by Greenberg Traurig and Gregory FCA. MAIA Consulting was advised by Wilkinson Barker Knauer, according to press releases.
Kian Capital, a private equity firm, completed the acquisition of Integrity Landscape, a full-service commercial landscape services provider, according to press releases. Financial terms were not disclosed.
Integrity Landscape was advised by CCG Advisors. Kian Capital was advised by MiddleM Creative, according to press releases.
Warren Equity Partners, a private equity firm, completed the acquisition of VDA, a vertical transportation consulting and inspection firm, from Keystone Capital Management, a venture capital and private equity company, according to press releases. Financial terms were not disclosed.
Keystone Capital and VDA were advised by Citizens M&A, Houlihan Lokey and DLA Piper, according to press releases.
AT&T, a US telecommunications company, Global Infrastructure Partners, a BlackRock-owned infrastructure investor, and CPP Investments, a Canadian pension fund investor, agreed to form a joint venture combining Forged Fiber 37 and Gigapower, the US fiber infrastructure businesses. AT&T will retain a 50% stake in the joint venture, while Global Infrastructure Partners and CPP Investments will collectively own the remaining 50%, according to press releases.
Global Infrastructure Partners is advised by Simpson Thacher & Bartlett. BlackRock is advised by Barclays. CPP Investments is advised by Weil Gotshal and Manges (led by Luke E. Laumann), according to MergerLinks data.
KKR completed the acquisition of a 51% stake in the Global Print business of Thomson Reuters, a content and technology company serving professional markets, for $500m, according to press releases.
Thomson Reuters was advised by Centerview Partners and Baker McKenzie, according to MergerLinks data and press releases.
Monomoy Capital Partners, a private equity firm, completed the acquisition of minority stake in Creedence Energy Services, a supplier of production and midstream chemicals and provides technical and analytical services to oil and gas operators, from Tower Arch Capital, a lower-middle market private equity firm, according to press releases. Financial terms were not disclosed.
Tower Arch Capital and Creedence Energy Services were advised by KeyBanc Capital Markets and Gibson Dunn & Crutcher, according to press releases.
LongWater, an alternative asset management firm, completed the acquisition of a majority stake in Blastco, a provider of surface preparation, industrial coatings and tank rehabilitation services, according to press releases. Financial terms were not disclosed.
LongWater was advised by Katz Sapper & Miller and Ice Miller, according to press releases.
Blackstone, an alternative asset manager, completed the acquisition of Technology Service Corporation, an engineering company, and Applied Systems Engineering, a global positioning system and inertial navigation system engineering company, and formed Falcata, a defense technology company, according to press releases. Financial terms were not disclosed.
Blackstone was advised by Goldman Sachs and Simpson Thacher & Bartlett (led by Anthony Vernace), according to MergerLinks data and press releases.
CallTower, a global managed services provider, completed the acquisition of the cloud voice and collaboration business from Court Square-backed Momentum Telecom, a global managed connectivity, network, security, and business technology solutions provider, according to press releases. Financial terms were not disclosed.
Momentum was advised by Q Advisors and Dechert (led by Kenneth Young), according to MergerLinks data and press releases.
Advent, Temasek and Xora, the investment firms, led a $250m Series B round in Vinci, an artificial intelligence startup that builds a physics-based foundation model for hardware and semiconductor design, with participation from AMD Ventures, Eclipse, Khosla Ventures, and Madrona, according to press releases.
Vinci was advised by Big Valley (led by Angie Clark), according to press releases.
Breakthrough Energy Ventures, a venture capital firm, and Clutterbuck Capital, an SEC-registered investment adviser and hedge fund manager, led a $200m Series B round in Type One Energy, a technology company that develops nuclear fusion power plants using stellarator technology, with participation from Lowercarbon Capital, Siemens Energy Ventures, and SiteGround Capital, according to press releases.
Saluda Grade, a vertically integrated asset-based credit investment firm, led a $120m Series D round in Homeward, a provider of cash-backed real estate financing solutions, with participation from Continental General, Citi Ventures, Magnetar, Harmony Partners, Norwest, Adams Street Partners, LiveOak Ventures, Parker89, Era Ventures, Javelin Venture Partners, according to press releases.
Homeward was advised by Mother Bear Agency, according to press releases.
Andreessen Horowitz and Accel, a venture capital firms, led a $255.5m Series B round in Armadin, an AI-native cybersecurity company, with participation from Bain Capital Ventures, Redpoint, 8VC, Ballistic Ventures, Google Ventures, In-Q-Tel, Kleiner Perkins, and Menlo Ventures, according to press releases.
OpenAI in $30bn round talks with UAE funds, BlackRock. ( Bloomberg)
OpenAI is in talks with several United Arab Emirates investment funds, including Abu Dhabi-based MGX, to help anchor a $30bn funding round.
The UAE investors could form a syndicate and contribute as much as $10bn combined to the financing.
Barbie-maker Mattel faces growing shareholder pressure to consider a sale. ( WSJ)
Ariel Investments is urging Mattel to explore strategic alternatives, including a potential sale, arguing that the toymaker remains significantly undervalued as a publicly listed company. Ariel owns a 5.4% stake in Mattel.
The investment firm has called on Mattel to appoint an independent financial adviser to evaluate options including asset divestitures, a merger or an outright sale. The push comes as Mattel undergoes a leadership transition, with Roger Lynch set to succeed Ynon Kreiz as CEO.
EMEA
CVC Capital Partners raised its take-private offer for Italian pharmaceutical firm Recordati to €10.5bn ($11.8bn), after minority shareholders complained that it undervalued the company.
The cash offer of €53 ($59) per share compares with an earlier bid of €51.29 ($57.5_. The new proposal is final and won’t be increased further.
Recordati is advised by Nomura and Rothschild & Co (led by Stefano Beschi and Luigi Labbate). CVC Capital Partners is advised by Deutsche Bank, Goldman Sachs, JP Morgan, Jefferies & Company, Mediobanca, Latham & Watkins (led by Robbie McLaren, Antonio Coletti, Thomas Forschbach, Suneel Basson-Bhatoa, Maarten Overmars, Giovanni Sandicchi, Stefano Sciolla, Philipp Studt and Luca Crocco), PedersoliGattai (led by Bruno Gattai), Brunswick Group (led by Alessandro Iozzia), Ernst & Young and Facchini Rossi Michelutti. Groupe Bruxelles Lambert is advised by Morgan Stanley. Luxinva is advised by Freshfields (led by Nicola Asti, Renato Paternollo, Luca Sponziello, Mohammed Sayeed and Toni Marciante). Rossini is advised by White & Case (led by Michael Immordino and Leonardo Graff), according to press releases and MergerLinks data.
Wittington Investments, a privately owned company which invests in a variety of asset classes, and Fairfax, a provider of property and casualty insurance and reinsurance, agreed to acquire UK & Ireland retail operations of The Boots Group, a health and beauty retail company, from Sycamore Partners, a private equity firm, for $8.9bn. Wittington Investments will also acquire Boots Opticians; and No7 Beauty Company; and its Thailand and franchised businesses, according to press releases.
Wittington Investments is advised by Barclays, CIBC Capital Markets, Morgan Stanley, RBC Capital Markets, A&O Shearman, Skadden Arps Slate Meagher & Flom (led by Lorenzo Corte), FGS Global and Teneo. Debt financing is provided by CIBC Capital Markets and Morgan Stanley. The Boots Group is advised by Citigroup, Deutsche Bank, Goldman Sachs, JP Morgan, Rothschild & Co, UBS, Davis Polk & Wardwell (led by Brian Wolfe and Darren M. Schweiger) and FGS Global (led by James Murgatroyd). Sycamore Partners is advised by Joele Frank (led b y Michael Freitag and Arielle Rothstein), according to press releases and MergerLinks data.
Searchlight Capital Partners, a private investment firm, and Fitzroy Capital, a diversified investment manager, agreed to acquire Kredinor, a Norway-based debt collection and credit management company, from SpareBank 1 Gruppen, a Norwegian holding company, and Kredinorstiftelsen, a Norwegian non-profit foundation, according to press releases. Financial terms were not disclosed.
Searchlight Capital Partners and Fitzroy Capital are advised by Arctic Securities, Ernst & Young, Clifford Chance, Paul Weiss Rifkind Wharton & Garrison (led by Oliver Marcuse and Stefan Arnold-Soulby) and Schjodt. Kredinor is advised by SB1 Markets and Advokatfirmaet Selmer, according to press releases and MergerLinks data.
Slate Asset Management and OneIM, a global alternative investment managers, agreed to acquire eight grocery-anchored retail parks from Tellus Eiendom, a private Norwegian real estate company, for approx. €250m ($281m), according to press releases.
Slate Asset Management is advised by ABG Sundal Collier, Crowe Global, Schjodt, FGS Global and Veridian. OneIM is advised by Greenbrook, according to press releases.
TDR Capital, a private equity firm, agreed to acquire OCU Group, an energy transformation and critical infrastructure services platform, from Triton Partners, a mid-market sector-specialist investor, according to press releases. Financial terms were not disclosed.
TDR Capital is advised by Moelis & Co and Kirkland & Ellis (led by Will Aitken-Davies).Triton Partners is advised by Lazard, White & Case and Headland Consultancy, according to MergerLinks data and press releases.
Automation Anywhere, a US-based provider of agentic automation and enterprise orchestration software, agreed to acquire Boost.ai, a Norway-based provider of conversational and voice AI solutions, from Nordic Capital, a private equity firm, according to press releases. Financial terms were not disclosed.
Automation Anywhere is advised by Bank of America and Winston Taylor. Boost.ai is advised by Santander, according to press releases.
Accel-KKR-backed Basware, a provider of cloud-based P2P and e-invoicing solutions, completed the acquisition of Trustpair, a fintech company that provides automated payment fraud prevention and supplier account validation solutions, according to press releases. Financial terms were not disclosed.
Trustpair was advised by Houlihan Lokey, according to MergerLinks data.
Warburg Pincus in talks to buy significant KNDS holding from German shareholder family. ( Bloomberg)
Warburg Pincus has held discussions about acquiring a substantial stake in KNDS from the German family that jointly owns the European tankmaker.
The talks come after the German government agreed earlier this year to acquire a 40% interest in KNDS through a transaction linked to a proposed initial public offering, although Berlin could still proceed with a stake purchase even if the company does not pursue a listing.
Cary attracts takeover interest from KKR, Blackstone and Warburg Pincus. (Bloomberg)
KKR, Blackstone and Warburg Pincus are among the firms considering bids for Cary, the windshield repair and replacement company owned by CVC Capital Partners and Nordic Capital.
Initial offers for the business are expected in the coming weeks as several buyout groups evaluate a potential acquisition of the company.
EasyJet sees Apollo takeover on track for completion in 2027. ( Bloomberg)
Jarvis said he saw little opposition from shareholders, while regulatory approval remains the main outstanding hurdle.
Axis Capital considers potential bid for Irish lender PTSB. ( Reuters)
Axis Capital is considering a possible all-cash offer for Permanent TSB at €3.20 ($3.6) per share, valuing the Irish lender at approximately €1.74bn ($1.9bn), just three months after shareholders approved the bank's €1.6bn ($1.8bn) sale to Austria's BAWAG Group.
TPG joins bidding race for Monzo stake following collapse of £10bn takeover talks. ( Sky News)
TPG is among a group of investors exploring the purchase of a minority stake in Monzo, the British digital bank, following the collapse of its multibillion-pound sale discussions with Brazil's Nu Holdings.
The private equity firm is holding preliminary talks with Monzo's advisers about a potential investment, as interest in the fintech remains strong despite the end of the takeover negotiations.
Apollo submits non-binding bid for German energy firm Uniper. ( Reuters)
Apollo Global Management has submitted a non-binding offer for German state-owned energy group Uniper, joining the sale process for one of the country’s largest utilities.
Potential bidders were invited to submit indicative offers for Uniper, which was rescued by the German government in 2022 through a €13.5bn ($15.1bn) bailout.
Ares faces 50% loss on cash piled into TalkTalk with BT deal. (Bloomberg)
Ares received around £100m ($133m) in exchange for releasing its security over TalkTalk and consenting to BT’s purchase. Including interest and other repayments received over the years, the asset manager is expected to recover roughly 50% of its total investment.
Life sciences venture capital firm Forbion has raised €2.3bn ($2.6bn) across two new funds, marking its largest fundraising to date and exceeding its initial target.
The capital will be deployed through Forbion Growth Opportunities Fund IV and Forbion Ventures Fund VIII, which together are expected to finance around 30 portfolio companies. Investors include MN, PGGM, KfW Capital, Kauffman Foundation and Eli Lilly.
Supermarket giant Tesco weighs takeover bid for Majestic Wine. ( Sky News)
Tesco is among the bidders considering an acquisition of Majestic Wine Group, which has been put up for sale by owner Fortress Investment Group. A formal auction began several weeks ago, with multiple parties understood to be involved.
Majestic operates more than 200 stores across the UK and Jersey and has expanded under Fortress through new openings, online growth and acquisitions including Vagabond Wines and Enotria. A sale is expected to value the business at several hundred million pounds.
Headline raises $400m EU VIII fund for early-stage European startups. ( Press Release)
Headline has launched its eighth Europe-focused early-stage fund with $400m to invest in Seed and Series A companies across the continent, with a particular focus on AI.
The fund complements Headline’s $900m Global Growth Fund, allowing the firm to back European founders from initial rounds through later-stage financings. Headline said it sees stronger potential for globally scaled companies to be built from Europe, particularly across AI, robotics, industrial software, healthcare and defence.
APAC
BAE Systems considers acquisition of Robin Radar in potential $2.3bn transaction. ( Reuters)
Robin Radar Systems has attracted takeover interest from BAE Systems, CVC and Blackstone, with the parties assessing potential offers for the Dutch drone detection specialist in a transaction that could value the company at about $2.3bn.
Boyu said to weigh sale of contract medical device maker Quasar. ( Bloomberg)
Boyu Capital is considering a sale of Quasar Medical, a Singapore-based contract manufacturer of medical devices, and has begun early discussions with potential advisers.
A transaction could value Quasar at more than $1bn. The process remains at an early stage and no decision on a sale has been made.
Bain Capital explores potential investment in New World Development. ( Bloomberg)
Bain Capital is exploring a potential investment in Hong Kong developer New World Development as the company considers options to reduce its debt burden and strengthen its balance sheet.
Discussions have included a possible transaction that could also involve fresh capital from the controlling Cheng family.
Bain, GIC explore IPO or sale of Japan's WHI at valuation of about $3.2bn. ( Reuters)
Bain Capital and Singapore’s GIC are exploring strategic options for Japanese human resources software company WHI Holdings, including a potential sale or initial public offering.
The joint owners have begun approaching advisers, potential buyers and investors for the process, which could value WHI at JPY500bn ($3.2bn) or more.
ByteDance draws ADIA, Coller to Primavera’s Continuation Fund. ( Bloomberg)
Abu Dhabi Investment Authority and private equity firm Coller Capital are in talks to invest in a continuation vehicle anchored by a stake in Chinese technology group ByteDance.
Primavera Capital, a long-standing ByteDance investor, is arranging the continuation fund, which is targeting around $1bn in capital.
Oasis urges Nidec to mull privatization, brace for delisting. ( Bloomberg)
Activist investor Oasis Management has urged Nidec to evaluate potential privatization options as the Japanese manufacturer faces accounting issues and the risk of delisting.
Oasis is calling for Nidec’s board to appoint financial advisers and seek preliminary non-binding proposals from strategic buyers and private equity firms. The investor is seeking a review of a potential take-private transaction rather than an immediate decision to pursue a sale.
Gaw Capital eyes Hong Kong listing for real estate private debt fund. ( DealStreetAsia)
Gaw Capital plans to list a new Hong Kong fund that will invest in private loans secured by real estate assets across Asia Pacific and the Middle East, including markets such as Japan, New Zealand, Singapore and South Korea.
The Gaw Capital Real Estate Private Debt OFC will target at least 90% of its assets in property-related debt, including senior and construction loans, and aims to pay quarterly dividends while delivering long-term capital gains. Jefferies is the sole sponsor and joint listing agent alongside CMB International, while the fundraising size and offer price have not yet been disclosed.
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