The Carve-Out | Norway’s SWF eyes PE, Blackstone buys pets (group), 777 tries patience
Private Equity Wire
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This week in private equity
?? KKR is to acquire the remaining 37% stake of leading insurance company Global Atlantic Financial Group , increasing its ownership to 100%.? Read more ? ?
?? Blackstone is set to buy Rover.com , the world’s largest online marketplace for pet care, in an all-cash transaction worth $2.3bn.?? Read more ? ?
???? Fundraisers, start your engines: Norway’s sovereign wealth fund – the world’s largest at $1.5tn – is poised to allocate to private equity for the first time.? Read more ? ?
?? DWS Group , one of Europe’s biggest asset managers, has hired?former- Man Group executive Dan Robinson to head alternative credit for EMEA.? Read more ? ?
?? AXA Investment Managers has appointed Matthieu Ducharme as Head of PE Secondaries, a newly created role at AXA IM Prime, the French firm’s alternatives platform. ? Read more ? ?
?? 777 Partners , the US based investment firm, is still raising funds to close the deal it signed in September to acquire English football club Everton Football Club .? Read more ?
The week in numbers
?? 15% – the stake in FGP TopCo, the holding company of Heathrow Airport, that Ardian has agreed to acquire. Also involved – Saudi Arabia’s PIF, which will acquire 10%.? Read more ? ?
?? 51% – expansion of Luxemburg’s private debt market this year, with AUM rising to €404.4bn, compounding last year’s AuM growth of 45.4%.?? Read more ? ?
领英推荐
?? 30.8 – the ratio of PE AUM to private debt AUM in Asia-Pacific, compared to 5.2 times in the US and 3.5 in Europe, according to a KKR report. The US firm has seen particularly strong returns on credit deals in Asia.? Read more ? ?
?? €2.1bn – amount raised from third parties by European investment group Eurazeo as it closes its sixth direct lending fund, beating its initial target of €2bn.? Read more ?
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