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Apollo co-founder launches new firm with $5bn. (FS)
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Australian toll roads operator Atlas Arteria Group said it planned to raise $2.1bn as it seeks to buy a majority stake in the Chicago Skyway toll road,?Bloomberg?reported.
“We have maintained OMERS stake in SCC for over five years, during which time the company has proved to be a strong and resilient asset that plays a key role in keeping Chicago connected and mobile. We would like to thank all the stakeholders we have worked with and wish Skyway’s staff, management, and new investors well as the company enters its next phase,” Gisele Everett, OMERS Infrastructure Senior Managing Director and Head of Americas.
Atlas Arteria (led by Graeme Bevans ) is advised by RBC Capital Markets , 瑞银集团 and Nightingale Communications (led by?Lisa Keenan).
Koch , an American privately held multinational conglomerate corporation based in Wichita, Kansas, agreed to invest $252m in Compass Minerals , a global provider of essential minerals.
"We are pleased to welcome KM&T as our investment partner and look forward to leveraging their deep expertise and proven track record of building value. Securing funding to aggressively pursue phase one of our lithium growth opportunity has been an important focus for our management team. This strategic investment will help drive our lithium project forward, strengthen our balance sheet and enhance execution capabilities across our entire platform," Kevin S. Crutchfield, Compass Minerals President and CEO.
Compass Minerals (led by Kevin Crutchfield) is advised by Perella Weinberg and Cleary Gottlieb Steen & Hamilton LLP . Koch (led by Charles Koch ) is advised by 众达律师事务所 .
Aptiv , an Irish-American automotive technology supplier, agreed to acquire an 85% stake in Intercable Group Automotive Solutions, an automotive parts distributor, for $593m.?
“Intercable Automotive Solutions is an excellent strategic fit with Aptiv’s Signal & Power Solutions segment,” Kevin Clark, Aptiv CEO.
Aptiv (led by Kevin Clark ) is advised by 高盛 and Clifford Chance . Intercable Automotive Solutions (led by Klaus Mutschlechner) is advised by 法国巴黎银行 and ADVANT Nctm .
Energy Infrastructure Partners , a provider of renewable, sustainable energy infrastructure investment solutions, agreed to acquire a 49% stake in the Wikinger offshore wind farm from Iberdrola , a Spanish power company, for $700m.
"Opportunities to join global leaders like Iberdrola as investment partners in a wind farm of this caliber – and with access to one of the most attractive regulatory schemes in the world – do not come around that often. It's an especially proud day for our investors and another important moment in our growth story," Roland D?rig , EIP's Co-Founder and Managing Partner.
Apollo co-founder launches new firm with $5bn. (FS)
26North , an alternative asset manager that invests across asset classes, has been launched by Josh Harris , co-founder of private equity giant Apollo. With an initial $5bn to invest, 26North Partners will focus on private equity, credit and insurance solutions.
The new firm's team includes Mark Weinberg , who led US private equity at Brookfield , and will join 26North next year to lead the private equity platform. Brendan McGovern, the former head of Goldman Sachs Asset Management ’s will lead 26North’s direct platform.
Other team members include former Centerbridge Partners, L.P. and 高盛 partner Lance West , former Apollo Global Management, Inc. Managing Director Evan Zemsky , former Blackstone Managing Director Tina Raja , and former Security Benefit Life executive Cole Charnas .
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