The Carve-Out | Subway and Abrdn deals close, CVC activates new funds, Carlyle earnings jump
Private Equity Wire
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This week in private equity
?? Roark Capital has now completed the acquisition of global sandwich chain Subway for $9.6bn, after the deal was agreed in August 2023. Read more ??
?? abrdn ’s European PE sale has also now come to a conclusion – Patria Investments has completed the acquisition for ￡100m. Read more ?
?? SumUp has secured €1.5bn in private credit from a group of lenders led by 高盛 and including BlackRock and Apollo Global Management, Inc. , among others. Read more ?
?? The bidding war for Hipgnosis continues, as Blackstone has upped its offer to $1.6bn, trumping Apollo Global Management, Inc. -backed Concord ’s latest $1.5bn bid. Read more ?
?? Blackstone is also working with 高盛 to line up $1.6bn in financing for a potential take-private deal for L’OCCITANE Group . Read more ?
3?? CVC has activated three new funds focused on Europe, the Americas, Asia and strategic opportunities, citing “increasing deployment activity”. Read more ?
The week in numbers
?? 59% – the year-on-year jump in Carlyle’s distributable earnings in Q1 2024, following a leadership change in October last year. Read more ?
领英推荐
?? 37% – the drop in PE fund closings in Q1 2024 compared to Q1 2023, the lowest quarter figure seen since 2018, Pensions & Investments reports. Read more ?
?? 71% – the share of institutional investors planning to up allocations to infrastructure and private debt in the next year or two, State Street reports. Read more ?
?? 92% – the overwhelming number of alternative fund managers already leveraging AI for compliance procedures, according to Ocorian. Read more
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