I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
Permira is targeting 2.5 billion euros ($2.83 billion) for its largest ever direct lending fund, the Wall Street Journal reported Nov. 29. The pool will invest in companies throughout the UK and continental Europe, the story. Permira Credit Solutions III, its predecessor fund, closed on about 1.7 billion euros in June 2017.
1 min read · 04 December 2018
Apollo Global Management LLC has emerged as the lead bidder to take Arconic Inc private, Bloomberg is reporting. Apollo, which made a final offer for the U.S. aluminum products maker Arconic last week, triumphed over a rival offer from a group that included PE firms, the story said.
1 min read · 04 December 2018
The auction of StandardAero Aviation Holdings Inc has hit the final round with Blackstone Group LP, Carlyle Group LP and Warburg Pincus bidding for the company, Bloomberg reported. StandardAero could fetch as much as $5 billion, the story said. StandardAero, an aircraft maintenance provider, is backed by Veritas Capital. Final offers for StandardAero are due in mid-December, Bloomberg said.
1 min read · 04 December 2018
Yukon Partners said Dec. 4 that it supporting Sentinel Capital Partners’s investment in Apex Cos, a water resources, environmental services, and industrial hygiene firm. The deal was announced in November. Dorsey & Whitney LLP served as legal counsel to Yukon.
3 min read · 04 December 2018
KKR has committed to invest up to 500 million singapore dollars ($366.6 million) in V3 Group Ltd. V3, of Singapore, is a specialty retailer of luxury lifestyle and wellness products in Asia. Evercore advised V3.
3 min read · 04 December 2018
KKR said Dec. 4 that Sumanth Cidambi and Vijay Padmanabhan were named directors for the firm’s credit business in India. Cidambi has worked with corporate boards and senior management teams in Asia, Europe and the US while Padmanabhan's experience in credit underwriting and distress investing, in the UK and India, includes working at Old Lane, Fidelity Investments, and SBI Funds Management.
3 min read · 04 December 2018
SK Capital Partners said Dec. 4 that Mario Toukan is joining its senior leadership team as a managing director. Toukan most recently served as global head of chemicals and materials at KeyBanc Capital Markets.
2 min read · 04 December 2018
2 min read · 03 December 2018
Apollo Global loses Tribune Media bid; General Atlantic announces promotions; NEA completes secondary sale of 26 portfolio cos for about $1 bln
2 min read · 03 December 2018
Zedra, a Corsair Capital portfolio company, said Dec. 3 that it acquired JP Integra Group. JP Integra, of the Cayman Islands, provides fund, corporate and trustee services.
3 min read · 03 December 2018
