The Carve-Out | KKR pushing on Telecom Italia, Pension funds look at high-risk CLOs, Blackstone’s discount sale
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This week in private equity
?? KKR is set to propose a package of commitments in a bid to secure early approval from the EU for its proposed €22bn Telecom Italia deal. Read more??
?? The buyout giant is also negotiating a new senior loan with private credit lenders for portfolio company MYOB , Bloomberg reports. Read more?
?? Permira has tapped private credit to help finance a $6.9bn take-private deal for Squarespace, with Ares Management Corporation , Blackstone and Blue Owl Capital involved. Read more?
?? A new report by Bloomberg suggests pension funds, historically conservative, are increasingly exposing themselves to high-risk CLOs. Read more
?? Ares Management Corporation , Caisse de dép?t et placement du Québec (CDPQ) and Schroders Capital have agreed to provide up to €750m in financing to data centre provider Vantage . Read more?
?? Middle market PE firm Ampersand Capital Partners has been ranked first globally for growth capital performance by HEC Paris-DowJones. Read more
The week in numbers
?? $450m – the value of loans being sold at a discount by Blackstone’s credit unit to provide liquidity for investors in an older fund, Bloomberg reports. Read more?
领英推荐
?? $400m – the financing package provided by Carlyle to support the growth of Big Bus Tours, an Exponent portfolio company. Read more?
?? $16.7bn – the hard cap for Clearlake Capital’s eighth primary buyout fund, which has a target of $15bn and has currently raised $7.5bn. Read more?
?? €4.4bn – capital commitments to Astorg’s new Article 8 buyout fund, making it the firm’s largest fund raised to date. Read more?
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