Bloomberg related stories
All articles and analysis
TPG, Apollo to buy Harrah’s for $17bnAfter months of negotiation, the board of the gaming company has agreed to a sweetened offer from the two private equity firms.
- Washington pledges $500m toward KKR’s first Asia buyout fund
Washington State Investment Board has given a preliminary pledge to commit $500 million toward Kohlberg Kravis Roberts & Co’s first Asia-dedicated buyout fund.
- Bain and Blackstone join Coles Myer bid
Bain Capital, The Blackstone Group and Pacific Equity Partners are joining a consortium of buyout firms that has approached Coles Myer with a takeover offer.
- TPG Newbridge to re-enter Japan
TPG Newbridge, the Asia-focused investment subsidiary of Texas Pacific Group, is to begin investing again in Japan after an absence of three years
- Japan’s Ashikaga Bank sale attracts private equity sponsors
A planned auction of Ashikaga Bank, a Japanese bank revitalised by the government, is reportedly drawing interest from private equity groups including Lone Star.
- Pacific Equity Partners boost team
Pacific Equity Partners, an Australian private equity firm, has taken onboard a former Bain consultant as a director, after hiring an ex-Coles executive.
- MBK in billion-dollar race for Taiwan’s China Network Systems
MBK Partners, a North Asia-focused private equity manager, is competing with Goldman Sachs, Carlyle and KKR for Taiwan’s top cable TV operator in a transaction estimated to fetch about $1.4 billion.
- KKR to set double record with €8.3bn Philips deal
US buyout firm KKR is re-writing the record books with Europe’s largest single equity investment to fund the buyout of Philips’s semiconductor unit, underwritten by Europe’s biggest junk bond sale.
- Blackstone becomes a bigger landlord
The Blackstone Group has agreed to acquire Trizec Properties, one of the largest owners of office properties in the US, for $8.9bn as the New York-based private equity firm continues its pursuit of publicly traded real estate companies.
- H&F clinches Gartmore deal
US-based investor Hellman & Friedman has paid an undisclosed sum to buy UK fund manager Gartmore Investment Management alongside the company’s senior fund management and executive team.