The Carve-Out | BlackRock bags Preqin, Pemberton’s NAV close, Blackstone’s $25tn forecast
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This week in private equity
?? BlackRock has agreed to acquire private markets data specialist Preqin for ￡2.5bn in cash, combining it with its proprietary Aladdin platform. Read more ?
? Pemberton Asset Management has held the first close of its new NAV strategic financing strategy with over $1bn of investible capital, including from ADIA. Read more ?
?? Paramount Pictures is in exclusive negotiations to sell its Black Entertainment Television network to a PE-backed investment group for around $1.6bn. Read more ?
?? Blackstone has become a substantial investor in significant risk transfer products underpinned by subscription lines, the FT reports. Read more ?
?? Golding Capital Partners has completed a second exit from its buyout co-investment strategy, selling its stake in Quorum Cyber – a Livingbridge portco. Read more ?
?? Thoma Bravo has completed its acquisition of Everbridge , a specialist in critical event management solutions, in an all-cash, $1.8bn transaction. Read more
The week in numbers
?? $25tn – the potential future value of the global private credit industry as it continues to expand, says Blackstone Credit & Insurance CIO Michael Zawadzki. Read more ?
领英推荐
?? $15.4bn – funds raised at final close by New Mountain Capital for its seventh control-oriented fund, from over 400 LPs of various types. Read more ?
?? €3bn+ – KKR and CVC’s bids for French budget hotel chain B&B Hotels, which was founded in 1990 and has now expanded to 17 European markets. Read more ?
?? ￡2.2bn – the value of EQT’s acquisition of Keywords Studios, an Irish company focused on developing software used in video games. Read more ?
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