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AMERICAS
Genstar Capital, an American private equity firm, agreed to acquire Oncourse Home Solutions, a national provider of home infrastructure warranties, from Apax Partners, a private equity firm, according to press releases. Financial terms were not disclosed.
Genstar Capital is advised by Evercore, Ropes & Gray and FGS Global. Oncourse Home Solutions and Apax Partners are advised by Goldman Sachs, Jefferies & Company and Simpson Thacher & Bartlett. Oncourse Home Solutions is also advised by Red Thread PR (led by Nicole Gainer), according to press releases.
Permira-backed Seismic, a global sales enablement software company, completed the merger with Highspot, a go-to-market platform for predictable revenue growth, according to press releases. Financial terms are not disclosed.
Seismic was advised by JP Morgan, Qatalyst Partners, Wells Fargo Securities, Fried Frank Harris Shriver & Jacobson, Latham & Watkins (led by Amber Banks, Brian Mangino and Mariclaire Petty Brewer) and Skadden Arps Slate Meagher & Flom, according to press releases and MergerLinks data.
Uplift Investors, a middle-market private equity firm, completed the acquisition of Engage fi, a consulting and advisory firm serving banks and credit unions, from Falfurrias Management Partners, a lower-middle-market private equity firm, according to press releases. Financial terms were not disclosed.
Engage fi was advised by Guggenheim Partners and K&L Gates. Uplift Investors was advised by KeyBanc Capital Markets, William Blair & Co, Kirkland & Ellis and Prosek Partners (led by Joshua Rosen), according to press releases and MergerLinks data.
TTM Technologies, a global manufacturer of printed circuit boards and provider of electronic manufacturing services, agreed to acquire EPIQ Solutions, a provider of software-defined radio, radio frequency, and embedded computing solutions, from Veritas Capital, a private equity firm, for $1.1bn, according to press releases.
TTM Technologies is advised by Guggenheim Partners and Polsinelli. EPIQ Solutions and Veritas Capital are advised by Latham & Watkins. EPIQ Solutions is advised by Goldman Sachs and Robert W Baird. Veritas Capital is advised by Prosek Partners, according to press releases.
Continental Resources, an independent energy company, agreed to acquire FireBird Energy II, an upstream oil and gas company, from Quantum Capital Group, a private equity firm, according to press releases. Financial terms were not disclosed.
FireBird Energy II is advised by Jefferies & Company, RBC Capital Markets and Akin Gump Strauss Hauer & Feld. Continental Resources is advised by Vinson & Elkins. Quantum Capital Group is advised by Joele Frank (led by Kate Thompson, Erik Carlson and Kate Kelley), according to press releases.
PSG, a growth equity firm, completed an investment in XBE, the system of action and superworkforce for heavy materials, logistics and construction. Banneker Partners remains an existing investor in the company, according to press releases. Financial terms were not disclosed.
XBE and Banneker Partners were advised by Piper Sandler and Orrick Herrington & Sutcliffe. PSG was advised by RBC Capital Markets and Weil Gotshal and Manges (led by Richard Frye), according to press releases and MergerLinks data.
Francisco Partners, a private equity firm, agreed to acquire Weave, a SaaS company providing an AI-powered patient engagement and payments platform for healthcare practices, for $650m, according to press releases.
Weave is advised by Jefferies & Company and Orrick Herrington & Sutcliffe. Francisco Partners is advised by Kirkland & Ellis and Prosek Partners, according to press releases and MergerLinks data.
Stellex-backed The Crest Group, a global industrial technology company, completed the acquisition of Dukane, a manufacturer of advanced ultrasonic welding, plastic bonding, cutting and sealing technologies, according to press releases. Financial terms were not disclosed.
Dukane was advised by Stout Capital and Paul Hastings. The Crest Group was advised by Morrison Foerster and Prosek Partners. Stellex was advised by Prosek Partners, according to press releases.
Arcline-backed Arxis, a publicly traded industrial compounder, completed the acquisition of Omnetics Connector Corporation, a designer and manufacturer of high-reliability micro-miniature and nano-miniature electronic connectors, for $770m, according to press releases.
Arxis was advised by William Blair & Co. Omnetics Connector Corporation was advised by Vermillion Capital. Arcline was advised by Joele Frank (led by Kate Thompson and Tim Ragones), according to press releases and MergerLinks data.
Turnspire Capital Partners, a private investment firm, completed the acquisition of Hulcher Services, a North American provider of mission-critical rail infrastructure, maintenance and field services, according to press releases. Financial terms were not disclosed.
Turnspire Capital Partners was advised by BMO Capital Markets, Winston Taylor and Gasthalter & Co (led by Mark Semer). Hulcher Services was advised by Intrepid Investment Bankers, according to press releases.
Equinor, a Norway-based energy company, agreed to acquire an 87.71% stake in Lackawanna Energy Center, a 1,483 MW gas-fired combined cycle power plant in Pennsylvania, from BlackRock-backed GIP, for $940m, according to press releases.
BlackRock is advised by Morgan Stanley and Simpson Thacher & Bartlett (led by Eli Hunt), according to press releases and MergerLinks data.
Seligman Ventures, a venture capital firm, led a $110m Series A round in Velaura AI, a developer of ultra-low-power AI compute infrastructure, with participation from Capricorn Investment Group, Prosperity7 Ventures, Mayfield, Maverick Silicon, MARA, Premji Invest, Samsung Catalyst Fund and Stepstone Group, according to press releases.
Velaura AI was advised by Racepoint Global (led by Simone Illsley), according to press releases.
Agellus Capital-backed Bluejack Fire & Life Safety, provider of code‑compliant fire protection and life safety solutions, completed the acquisition of Phillips Fire & Life Safety, a provider of fire and life safety services for commercial facility alarms, sprinklers, and extinguishers throughout the Greater Houston area, according to press releases. Financial terms were not disclosed.
Agellus Capital was advised by Squire Patton Boggs, according to press releases.
Prysm Capital, a growth private equity firm, led a $150m Series D round in ALSO, an electric mobility company, with participation from Eclipse, Greenoaks and MVP Ventures, according to press releases.
Prysm Capital was advised by Codeword, according to press releases.
Coatue, an investment firm, led a $5bn strategic funding round in Databricks, a US-based data analytics and artificial intelligence company, with participation from Blackstone, MGX, T. Rowe Price Associates, Sixth Street Growth, BOND, Clearlake Capital, Point72, Premji Invest, TPG, Andreessen Horowitz, Dragoneer, Fidelity Management & Research Company, Franklin Templeton, GIC, Goldman Sachs Alternatives, Insight Partners, JP Morgan Private Capital, Kinetic, Morgan Stanley Investment Management, NEA, Ontario Teachers’ Pension Plan, Temasek, Thrive Capital, and WCM Investment Management, according to press releases.
DST Global led a $400m Series B round in Higgsfield, with participation from Tribe Capital, Goldman Sachs Alternatives, Smash Capital, Fifth Wall, Valor Capital, Intel Capital, Liberty Global Tech Ventures, Mirae Asset Capital, NTT DOCOMO Ventures, Accel, Menlo Ventures, AI Capital Partners, GFT Ventures, Capra Ventures, BAM Corner Point and BroadLight Capital, according to press releases.
Menlo Ventures, an early-stage venture capital firm focused on artificial intelligence, cybersecurity, and robotics, led a $280m Series B round in Wispr, a technology company developing an AI-powered voice dictation and speech-to-text software that lets you speak naturally instead of typing across any app or text field, with participation from Notable Capital, NEA, Neo Ventures, 8VC, MVP Ventures, Acrew, Activate, Forerunner, Goodwater, Peak XV, Together Fund, PLUS Capital, Livvy Dunne, Shaun White, Dak Prescott, DK Metcalf, Joe Burrow, Kyle Hamilton, Aaron Gordon, Alex Caruso, Domantas Sabonis, Klay Thompson, Paul George, and Trae Young, according to press releases.
Frazier Life Sciences, a healthcare investment firm, led a $245m financing round in Slate Medicines, a biotech company, with participation from Forbion, RA Capital Management, Deep Track Capital, Foresite Capital, OrbiMed, RTW Investments and Mingxin Capital, according to press releases.
ICONIQ, a privately-held investment firm, led a $100m Series C round in Rillet, a modern ERP platform that automates accounting processes, with participation from Sequoia, Andreessen Horowitz, Bain Capital Ventures, Oak HC/FT, Battery Ventures, FirstMark, Scale Venture Partners and Creandum, according to press releases.
Vesterra Capital Partners, a middle-market private investment firm, completed the acquisition of Charleston Grounds Management, a commercial landscape maintenance and outdoor service provider, and Clear Lakes and Wetland Services, a full-service lake and pond management company, according to press releases. Financial terms were not disclosed.
GHK Capital-Backed WSB, a consulting firm specializing in engineering, community planning, environmental and construction services, completed the acquisition of Civil Infrastructure Associates, a consulting engineering and surveying firm offering funding assistance, planning, design and construction administration services, according to press releases. Financial terms were not disclosed.
Stripe and Advent in talks to acquire PayPal. ( WSJ)
Stripe and Advent International are in talks to acquire PayPal after submitting an offer of $60.50 per share in July, which the payments company considered insufficient.
The parties have continued negotiations over a potentially higher price, with a deal possible in the coming weeks although no agreement has been reached.
Silver Lake in talks to acquire Workday. ( Reuters)
Silver Lake is in talks to acquire Workday in a potential take-private transaction that could rank among the largest software buyouts in history.
Workday had a market value of about $43bn before the talks were reported, while Silver Lake could bring in additional investors to help finance the acquisition.
Thrive Capital and Bob Iger agree $12.5bn Lakers acquisition. ( WSJ)
Thrive Capital’s Joshua Kushner and former Disney CEO Bob Iger have agreed to acquire the Los Angeles Lakers in a deal valuing the NBA franchise at $12.5bn.
The pair pivoted to established NBA teams after exploring a Las Vegas expansion franchise and offered owner Mark Walter $12.5bn for the Lakers.
Andreessen Horowitz could make close to $1.5bn from OpenRouter's potential sale to Stripe. ( Press Release)
Stripe is pursuing the acquisition of AI model marketplace OpenRouter in a transaction valued at more than $8bn, which would rank among the largest artificial intelligence deals of the year.
The proposed acquisition would deliver substantial returns to existing investors, including Andreessen Horowitz and Menlo Ventures, following investments made less than two years ago.
Mubadala and Trafigura receive bids of up to $3.5bn for Porto Sudeste. ( Bloomberg)
Mubadala Capital and Trafigura have received two offers for Brazilian port Porto Sudeste, valuing the infrastructure asset at approximately $3bn and $3.5bn.
A consortium comprising GIP, Vale and Gerdau submitted one bid, while I Squared Capital made a separate offer for the port.
Car-seller Copart is among suitors for car insurance software firm CCC. ( Bloomberg)
Copart is in discussions to acquire car-insurance software provider CCC Intelligent Solutions, which has been exploring a potential sale.
The used and salvaged vehicle marketplace is competing with private equity firms including GTCR and Veritas Capital for CCC. Discussions remain ongoing, and no agreement has been reached.
Pershing Square exits Hertz stake. ( Bloomberg)
Pershing Square has sold its stake in Hertz after losing confidence in the car rental company’s management following a recently announced funding plan.
The exit by Bill Ackman’s investment firm followed concerns over the company’s financing strategy and sent Hertz shares down as much as 13%.
AI proptech startup EliseAI is in talks to raise a new round of funding at a $3.7bn valuation. ( Business Insider)
New York-based property and housing management company EliseAI is in talks to raise $300m in new funding at a valuation of about $3.7bn.
Andreessen Horowitz and Bessemer Venture Partners are in discussions to lead the round. The deal is still being finalized, and terms including the valuation and funding size could change.
SDC Capital to consider $1bn Singapore REIT IPO. ( Bloomberg)
US digital infrastructure firm SDC Capital Partners is planning a real estate investment trust listing in Singapore that could raise about $1bn.
SDC is working with advisers on the potential initial public offering, which could take place as soon as in 2027. Discussions are ongoing, and the timing and structure of the offering have yet to be finalized.
Defense tech firm Lyntris, backers raise $297.5m in IPO. ( Press Release)
Lyntris and some of its shareholders raised $297.5m in a downsized US initial public offering that priced below the marketed range. The sensor technology company and investors including Trive Capital sold 17m shares at $17.50 each.
The shares had been marketed at $19–$22 each, with the original offering expected to include 24m shares, indicating weaker-than-expected investor demand.
Investment firm General Atlantic is eyeing an IPO again. ( WSJ)
General Atlantic is considering reviving plans for an IPO nearly three years after it first filed to go public. The New York-based investment firm has recently updated its registration documents with the US Securities and Exchange Commission ahead of a potential offering.
The firm manages around $130bn in assets and invests across growth equity, private equity and other strategies. It originally filed for a listing in 2023 but did not proceed with an offering.
General Atlantic picks JP Morgan to lead revived IPO effort. ( Reuters)
General Atlantic has appointed JP Morgan, Morgan Stanley and Goldman Sachs to work on a potential initial public offering, reviving listing plans that had been on hold for nearly three years.
The investment firm is evaluating a public market debut that could take place as soon as this year, with preparations now underway alongside its selected advisers.
Broadwing Capital closes oversubscribed inaugural fund at $440m. ( Press Release)
Dallas-based private equity firm Broadwing Capital Management has raised $440m in total commitments for the final close of its debut fund, targeting lower middle-market manufacturing and services investments.
The firm’s general partner and affiliates also made significant additional commitments to a parallel fund that will invest alongside Fund I on a pro rata basis.
Reach Capital closes $265m fund V for technologies that expand human potential in the AI era. ( Press Release)
Reach Capital has closed its fifth fund, Reach V, at $265m, with the oversubscribed vehicle attracting commitments from existing and new investors including endowments, pension funds, foundations and family offices.
The early-stage venture capital fund will focus on companies applying artificial intelligence across learning, healthcare and work. Reach Capital now manages about $1bn across five funds and has backed more than 180 companies.
Floating Point announces $125m Fund III to embrace complexity. ( Press Release)
Floating Point has closed its third venture capital fund with $125m in commitments, exceeding its fundraising target and increasing total assets under management to more than $300m.
The fund is backed by a range of institutional investors, endowments, foundations and financial industry executives. Floating Point focuses on early-stage investments in sectors including healthcare, logistics, financial services and insurance, targeting businesses that combine technology with operations in regulated industries.
Joshua Kushner’s Thrive Capital discloses $215m Amazon stake. ( Reuters)
Thrive Capital held 904k Amazon shares worth about $215.5m as of 30 June, expanding its public-market exposure alongside its private investments in technology and AI companies.
The venture capital firm also maintained stakes in Figma, Oscar Health and Shopify, while its SpaceX holding was valued at $3.23bn at the end of June. Thrive raised more than $10bn earlier in 2026 for its latest early- and growth-stage technology fund.
EMEA
Ridgeview Partners, a growth-oriented technology private equity firm, agreed to acquire Pinewood Technologies Group, a cloud-based, AI-first, full-service technology provider, for £545m ($737m), according to press releases.
Providence Equity Partners, a private equity firm, agreed to acquire Hometrack, a company focused on residential real estate digital valuation and property risk analytics, from ZPG, a digital consumer services group, according to press releases. Financial terms were not disclosed.
Providence Equity Partners is advised by Deutsche Bank, Rothschild & Co, and White & Case. ZPG is advised by Arma Partners, JP Morgan, Freshfields, and Edelman (led by Latika Shah and Emily Brazier), according to press releases.
THL Partners, an American private equity firm, agreed to acquire a majority stake in Queue-it, a global provider of online traffic orchestration solutions, from GRO Capital, a private equity firm, according to press releases. Financial terms were not disclosed.
THL Partners is advised by Freshfields, Plesner and Edelman (led by Elise Buchanan and Grace Sutherland). Queue-it is advised by Houlihan Lokey and Bech-Bruun, according to press releases.
Hg Capital, a private equity firm, agreed to invest in Nourish Care, a provider of software for the UK social and community care sector, according to press releases. Financial terms were not disclosed.
Hg Capital is advised by Houlihan Lokey and Skadden Arps Slate Meagher & Flom. Nourish Care is advised by Arma Partners and Shoosmiths, according to press releases.
Oakley Capital, a private equity firm, completed the investment in Graphwise, a Graph AI provider, according to press releases. Financial terms were not disclosed.
ACCO Brands, a company specializing in branded office and learning products and technology accessories, agreed to acquire Trust, a European provider of computer and gaming accessories, from Egeria, a pan-European investment firm, for €50m ($57.8m), according to press releases and MergerLinks data.
ACCO Brands is advised by Stibbe (led by Pieter Schütte). Egeria is advised by DC Advisory (led by Robert Ruiter), according to MergerLinks data.
JLL Partners, an American private equity firm, completed the acquisition of Life Couriers, a provider of specialized healthcare and life sciences logistics services, from AUCTUS Capital Partners, a private equity firm, according to press releases. Financial terms were not disclosed.
Medbase, a healthcare services group, completed the acquisition of a majority stake in Ardentis, a dental and orthodontics clinic group, from Columna Capital, a private equity firm, according to press releases. Financial terms were not disclosed.
Aurelius-backed Greenovis, a German garden, landscaping, and outdoor infrastructure services group, completed the acquisition of Otto Kittel, a Berlin-based provider of gardening, landscaping, sports-field construction and related services, and Kittel und Kruska, a provider of landscaping, green-space and tree-maintenance services, according to press releases. Financial terms were not disclosed.
Greenovis was advised by ARQIS (led by Thomas Chwalek), according to MergerLinks data.
CVC DIF, a global infrastructure equity fund manager, agreed to acquire a majority stake in firstcolo, a Frankfurt-based colocation data centre operator, from Cube Infrastructure Managers, an independent Luxembourg-based private equity asset manager, according to press releases. Financial terms were not disclosed.
Cube Infrastructure Managers is advised by Peregrine Communications (led by Alexander Gorokhov and David Read), according to press releases.
Paragon Partners, a Munich-based private equity firm, agreed to invest in Babtec Informationssysteme, a provider of integrated quality management software in the DACH region, according to press releases. Financial terms were not disclosed.
Babtec Informationssysteme is advised by POELLATH (led by Otto Haberstock), according to press releases and MergerLinks data.
Ardian taps UBS to explore sale of Swissbit. ( Bloomberg)
Ardian is exploring a potential sale of Swissbit, a provider of industrial data storage and security solutions.
The private equity firm is working with UBS to assess interest from prospective buyers ahead of a potential sale process. Swissbit could be valued at several billion dollars based on its earnings profile, although discussions remain at an early stage.
Strategic Value Partners considers the sale of APCOA Parking. ( Bloomberg)
Strategic Value Partners is considering a sale of APCOA Parking that could value the parking operator at €2bn ($2.3bn) to €2.5bn ($2.9bn).
The private equity firm has hired JP Morgan and Morgan Stanley to advise on the potential disposal, which could take place as soon as early 2027.
Chelsea shareholders Mark Walter and Todd Boehly in talks to sell their stakes to Clearlake. ( FT)
Clearlake Capital is in discussions to acquire the stakes in Chelsea Football Club held by Todd Boehly and Mark Walter, a transaction that could simplify the ownership structure of the Premier League club.
The talks follow several years of discussions among Chelsea's shareholders after the consortium acquired the club for £2.5bn in 2022.
Zara billionaire Ortega buys Marylebone Rental Development. ( Bloomberg)
Amancio Ortega's family investment vehicle, Pontegadea Inversiones, has acquired a residential rental property in London's Marylebone district for £150m ($202m).
The acquisition expands Pontegadea's real estate portfolio and adds another central London asset to its holdings. The property comprises luxury residential units in a prime location within the UK capital.
Carlyle and CVC explore joint acquisition of Bauwatch. ( Bloomberg)
Carlyle and CVC Capital Partners are exploring a joint takeover of security systems provider Bauwatch and are discussing terms of a potential transaction with its owner.
Bauwatch is currently owned by Franz Haniel & Cie, the holding company of Germany’s Haniel family, which is considering a potential sale of the business.
British data group Quantexa exploring UK or US IPO. ( Reuters)
British AI company Quantexa is considering a multibillion-dollar initial public offering in the UK or US, with both markets also under consideration for a potential dual listing. The company has been IPO-ready since January 2026 but has not set a timetable and could remain privately held.
Separately, Warburg Pincus is exploring options for its 9%–10% stake in Quantexa, including a potential sale, with an auction expected later in 2026. Quantexa was valued at about $2.6bn in its latest funding round.
Copenhagen Infrastructure Partners’ Growth Markets Fund II closes at $3bn. ( Press Release)
Copenhagen Infrastructure Partners has closed its second Growth Markets Fund at approximately $3bn, nearly tripling the size of its predecessor. The fund targets large-scale energy infrastructure projects across 15 high-growth, middle-income markets in Eastern Europe, Asia and Latin America.
GMF II has already committed $1.6bn across nine investments and is expected to be fully deployed within one to two years. The strategy focuses on renewable generation, energy storage and related infrastructure, with backing from sovereign wealth funds, pension funds, family offices and development finance institutions.
APAC
An investor consortium led by Canada Pension Plan Investment Board, a global investment management organization, and Sumant Sinha, the founder, chairman and CEO, agreed to acquire ReNew Energy Global, an Indian renewable energy company, in a $10.2bn deal, according to press releases.
ReNew Energy is advised by Rothschild & Co. Rothschild & Co is advised by Sullivan & Cromwell (led by Stephen M. Kotran). CPP Investments is advised by Citigroup, according to MergerLinks data and press releases.
Brookfield, an alternative asset management company, agreed to acquire Reliance Worldwide, a global Australian-founded manufacturer that designs and supplies water flow, control, and plumbing solutions, for AUD4.1bn, according to press releases.
Reliance Worldwide is advised by Goldman Sachs, Herbert Smith Freehills Kramer and Teneo, according to press releases.
KKR, an investment firm, agreed to acquire a minority stake in BookMyShow, an Indian online entertainment marketplace, according to press releases. Financial terms were not disclosed.
BookMyShow is advised by Avendus and Trilegal, according to press releases.
EQT Partners, a global investment organisation, agreed to invest in Melbourne Storm, an Australian rugby league football club, according to press releases. Financial terms were not disclosed.
First Philippine rejects KKR proposal to buy stake in power generation unit. ( Reuters)
First Philippine Holdings has rejected KKR’s proposal to acquire an 8.43% stake in its power generation subsidiary First Gen, saying the offer did not reflect the company’s true value. First Philippine owns 67.84% of First Gen.
The proposed stake purchase was expected to trigger a mandatory tender offer at PHP35 ($0.57) per share for First Gen’s public float, implying a transaction value of about PHP165.44bn ($2.69bn). The tender offer was also intended to support a voluntary delisting of First Gen from the Philippine Stock Exchange.
Bain unit Proterial seeks $1.3bn from Japan wire firm sale. ( Bloomberg)
Bain Capital-backed Proterial is considering selling its wire, cable and automotive parts businesses in a deal that could value the operations at JPY150bn–JPY200bn ($940m–$1.25bn).
The businesses were separated earlier in 2026 into a new company called Proterial Cable Solutions. The potential divestment remains under consideration, and no final decision has been made.
Brookfield acquires $627m Japan residential portfolio. ( DealStreetAsia)
Brookfield has acquired a portfolio of rental apartment buildings across four major Japanese urban centers for more than JPY100bn ($627m), marking its entry into Japan’s residential market.
The acquisition expands Brookfield’s Japanese real estate portfolio as the investment group plans to deploy more than $10bn in the country over the next several years.
EQT is said to mull sale of English language schools in Vietnam. ( Bloomberg)
EQT is considering selling its English-language education businesses in Vietnam, ILA Vietnam and Vietnam-USA Society English Centers, in a deal that could value the combined operations at about $500m.
The private equity firm is working with a financial adviser on the potential divestment. Discussions remain preliminary and may not result in a transaction.
HSG-backed Robotera said to mull Hong Kong IPO as robot tech booms. ( Bloomberg)
Robotera is planning a Hong Kong IPO that could raise between $800m and $1bn. The Chinese robotics startup, formally known as Beijing Robot Era Technology, is backed by HSG and CDH Investments and is working with advisers on the potential listing.
The company develops robotics technology and is among a growing group of Chinese robot makers seeking public listings as investor interest in the sector increases.
Quest Global picks banks for up to $1bn India IPO. ( Bloomberg)
Quest Global has appointed banks for an IPO in India that could raise as much as $1bn, with a draft prospectus expected to be filed by December.
The Carlyle-backed engineering services company plans to offer a mix of new shares and stock sold by existing investors in the proposed Mumbai listing.
Alibaba-backed AI video platform ShengShu mulls HK IPO. ( Bloomberg)
ShengShu Technology, the developer of the Vidu AI video generation platform, is considering an initial public offering in Hong Kong that could raise more than $500m.
The company is working with China International Capital and Citic Securities on the planned listing, which could take place next year. Preparations remain at an early stage and no final decision has been made.
Tiger Global-backed broking firm Upstox said to plan India IPO. ( Bloomberg)
Upstox, one of India’s largest online trading platforms, has begun preparations for a potential initial public offering and is expected to appoint advisers soon. The Tiger Global-backed brokerage could raise about $400m through the listing.
The proposed IPO is expected to include a mix of new shares and a sale by existing investors. Discussions remain preliminary, and details including the size and timing could still change.
Svatantra Microfin files for $314m India IPO. ( Reuters)
Svatantra Microfin has filed for an INR30bn ($314m) IPO in India, comprising INR15bn ($157m) of new shares and an INR15bn ($157m) offer for sale by existing investors.
Advent International and Multiples are selling shares in the offering, while Svatantra plans to use the proceeds from the new issuance to strengthen its Tier I capital base.
Blue Pool Capital raises $1.4bn for debut PE fund Riverside. ( DealStreetAsia)
Blue Pool Capital has raised approximately $1.4bn for Riverside, its debut private equity fund, more than doubling the vehicle’s initial $750m target. The fund had reached $1bn in commitments by March and had secured about $1.4bn as of 11 August.
The Hong Kong-based investment firm, led by former Citadel partner Oliver Weisberg, manages capital for investors including Alibaba co-founder Joseph Tsai and is expanding its use of external capital. Riverside is expected to support larger private equity investments across sectors including technology, media, sports, consumer, industrials and financial services.
Siguler Guff raises $500m fund to back high-growth businesses in India. ( Press Release)
Siguler Guff has closed its Global Emerging Markets Growth Opportunities Fund II at $500m, more than double its previous fund. The vehicle will target high-growth businesses in India, with average investments of around $50m.
The fund will focus on consumer, healthcare, financial services and technology. Siguler Guff has invested about $1bn across 23 Indian companies to date.
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