Carlyle makes plans, Blackstone eyes L’Occitane, TPG hires climate chief
Private Equity Wire
Private Equity Wire provides highly relevant and actionable information for GPs, service providers, and LPs.
This week in private equity
?? Harvey Schwartz, CEO of 凯雷投资集团 , the world’s fifth largest private equity firm, and former President and Co-COO at 高盛 , has set new targets for the private equity firm’s growth and profitability, after a period of high interest rates and senior management issues, according to a report by the FT. Read more ?
?? Ahead of the Private Equity Wire European ESG Summit, Marta Jankovic , Head of Sustainability at Stafford Capital Partners , talks to us about her vision of sustainability within the firm and the broader industry, trends to look out for this year and why GP outreach is key to net zero alignment. Read more ?
???? French skincare company L’Occitane may be snapped up by alternative investment giant Blackstone , according to a report by Bloomberg citing people familiar with the matter. Read more ?
?? Private Equity Wire has announced the winners of the European Awards 2024, which recognise excellence among private equity fund managers and service providers in Europe across a wide range of categories. Read more ?
?? A debate in the UK’s House of Lords saw peers raise concerns over private equity ‘profiteering’, following a report by the Observer last December revealing that investments by private equity firms in children’s care homes in England have doubled since 2018. Read more ?
?? Global alternative investment firm TPG has appointed Scott Lebovitz as a Partner and Head of Infrastructure for TPG Rise Climate, the firm’s dedicated climate investing platform, and part of its $18bn global impact investing platform, TPG Rise.?Read more ?
The week in numbers
?? $2bn – Clearlake Capital Group and Insight Partners are close to agreeing a $2bn debt package with a group of private credit lenders including Apollo Global Management, Inc. and Blackstone to help finance their leveraged buyout of software developer Alteryx, according to a report by Bloomberg. Read more ?
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?? $10bn – Brookfield , a real assets-focused alternative asset manager with over $850bn of AUM, has held the first closing of the second Brookfield Global Transition Fund (BGTF II) at $10bn in fund commitments and strategic capital. Read more ?
?? $20bn – Stockholm-based global investment firm EQT Group is reconsidering a potential $20bn initial public offering for Galderma , a pharmaceutical company and former subsidiary of Nestlé, according to a report by the FT citing people familiar with the matter. Read more ?
?? $700m – Texas-based private equity firm Trinity Hunt Partners has closed its latest fund, Trinity Hunt Partners VII, (Fund VII) at its hard cap of $700m in capital commitments, which was oversubscribed and had fundraising completed in under five months. Read more?
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