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KKR's latest European buyout fund first closed at $6.6bn. (FS)
Apollo Hybrid Value Fund II closes at $4.6bn. (FS)
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HDFC Bank's $40bn merger with Housing Development Finance, a housing financier based in Mumbai, could face regulatory hurdles due to the stake it would give the bank in the insurance sector.
Reserve Bank of India, which acts as regulator for the financial industry, wants banks to limit ownership stakes in insurance companies. The deal will create an entity with a combined balance sheet worth $237bn and will include the target's insurance and other financial subsidiaries,?Reuters?reported.
HDFC is advised by Bansi S. Mehta & Co, Ambit, Arpwood Capital, Axis Capital, Bank of America, Credit Suisse, IIFL, JM Financial, Jefferies & Company, Kotak Mahindra Capital, Motilal, AZB & Partners, Argus Partners, Singhi Advisors and Nova Dhruva Capital. Bank of America is advised by Sullivan & Cromwell. HDFC Bank is advised by Deloitte, Harsh Chandrakant Ruparelia, BNP Paribas, Citigroup, Edelweiss Capital, Goldman Sachs, HSBC, ICICI Bank, JP Morgan, Morgan Stanley, Nomura, Cravath Swaine & Moore and Wadia Ghandy.?
Optum, a diversified health services company, and Change Healthcare, a health care technology provider, agreed to extend their merger agreement to December 31, 2022.
"The extended agreement reflects our firm belief in the potential of our combination to improve health care, and in our commitment to contesting the meritless legal challenge to this merger," Change Healthcare and Optum.
Optum is advised by Bank of America and Hogan Lovells. Change Healthcare is advised by Morrow Sodali Global, Barclays, Goldman Sachs, Simpson Thacher & Bartlett and Brunswick Group.?
CVC Capital Partners, a private equity and investment advisory firm, agreed to acquire a 13% stake in Ligue de Football Professionnel, a governing body that runs the professional football leagues in France, for $1.65bn.
"This project is a major step in the development of French football and a historic step forward for sport in France. We are delighted with this alliance with CVC, a partner that perfectly fits our project for Ligue 1 and for French professional football. Beyond having chosen the candidate with the best financial offer, we needed a partner who will help us grow our future projects and understands our DNA. CVC's unique expertise in media and sport was also a structuring point for us. In terms of governance and style, CVC will support the LFP, the commercial company and its leaders, who will benefit from its global network, to achieve the ambitious objectives we have set ourselves," Vincent Labrune, LFP President.
CVC is advised by White & Case and Freshfields Bruckhaus Deringer. LFP is advised by Centerview Partners.
KKR's latest European buyout fund first closed at $6.6bn. (FS)
KKR has raised more than $6.6bn at the first close for its latest European buyout fund,?Bloomberg?reported.
The private equity has already topped the amount of committed capital from its last vehicle focused on the region. It's continuing to collect further commitments for the new pool.
Apollo Hybrid Value Fund II closes at $4.6bn. (FS)
Apollo Hybrid Value business closed its second flagship fund, Apollo Hybrid Value Fund II at approximately $4.6bn.?
"We are very excited to close fundraising for HVF II, the second vintage in our flagship fund series. We are grateful for the continued support from our existing Limited Partners on the back of a successful Fund I and are thrilled to welcome a number of new investors into the franchise. We believe that our funds offer attractive, downside-protected returns that are differentiated from traditional private credit and private equity exposures. We are proud to have delivered strong results in our inaugural fund and look forward to building upon our success with our second fund," Rob Ruberton, Apollo Partner and Co-Head of Hybrid Value.
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2 年Football rights deals are on fire! France this time.