The Carve-Out | TPG gets busy (very), Brookfield to Parc a profit? Tiger hunting secondary deals
Private Equity Wire?
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This week in private equity
?? TPG is partnering with software investment specialist Francisco Partners over a potential $5bn take private deal for US business software solutions provider New Relic... Read more?
?? The Texas based investment firm has also agreed a cash and equity transaction to acquire credit and real estate-focused alternative investment firm Angelo Gordon in a deal valued at $2.7 billion, and… Read more?
?? …in a busy week, TPG has also been looking to resurrect its deal to acquire Australia's largest funerals group Invocare, with a slightly improved AUD13 per share bid, which equates to an equity value of AUD1.9bn ($1.3bn)... Read more?
?? In non-TPG news, Canadian private investment firm Brookfield is looking to double its money by slapping a ￡5bn price tag on UK and Ireland holiday park operator Centre Parcs, having paid ￡2.4bn for the business in 2015... Read more?
?? Chase Coleman's technology-focused investment manager Tiger Global has reportedly hired an adviser to assist with a secondary market sale of a slice of its $40 billion portfolio... Read more?
?? And finally, Cerberus Capital Management is hoping fundraising efforts for a new vehicle that will invest in critical US supply chain businesses delivers a $2.5 billion investment pot... Read more?
The week in numbers ?
?? 10% – The increase in the value of circular economy PE investments made in 2022 compared with 2021... Read more??
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?? 125 – The number of GPs, LP and service providers interviewed for Barnes & Thornburg’s 2023 Investment Funds Outlook Report... Read more??
?? 85% –?KKR's holding in Japanese supermarket chain Seiya after the PE major upped its stake from 65%... Read more?
???? 15 –?the number of LGT Capital Partners offices around the world following the opening of the firm’s newest in Amsterdam... Read more?
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