The Carve-Out | Latest on the Subway deal, Carlyle’s new CFO, Accedian to Cisco
Private Equity Wire?
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This week in private equity
?? PE firms vying for sandwich chain Subway are considering a $3bn “whole business securitisation” as a funding option, Bloomberg reports. Read more?
?? Global Infrastructure Partners is in discussions with the Mediterranean Shipping Company for the sale of Italian high-speed train operator Italo. Read more?
?? Carlyle Group has appointed John Redett as its new Chief Financial Officer and Head of Corporate Strategy, effective from 1 October 2023. Read more?
? Wellington Management has closed its fourth private late-stage fund with $2.6 bn in capital commitments, exceeding its $2.5bn target. Read more?
?? Sustainable infrastructure investor Actis is to sell BTE Renewables to Engie and Meridiam in a deal with an enterprise value of $1bn. Read more?
?? And finally – Bridge Growth Partners, a tech-focused PE firm will sell performance analytics and user experience specialist Accedian to Cisco for an undisclosed sum. Read more?
The week in numbers?
?? 55% – The share of respondents who expect a fundraising decline in 2023 – compared with 6% in 2022 – according to Acuity’s global PE and VC survey. Read more?
?? $1.1bn – the agreed amount by BPEA EQT and ChrysCapital for a 90% stake in HDFC’s Credila, in what will be India’s largest ever financial services sector PE buyout. Read more?
领英推荐
?? $22.5bn – KKR’s offer for Telecom Italia’s landline network, believed by French media group Vivendi to significantly undervalue the business. Read more?
?? $400mn – the Investment Management Corporation of Ontario’s new investment in integrated battery platform Northvolt AB. Read more?
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