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Virgin Media O2 dials up ￡100m bid for altnet rival Trooli.
Santander among potential bidders for abrdn PE unit. (FS)
Saudi sovereign fund raises stake in Nintendo. (FS)
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Private equity firms The Carlyle Group and HGGC agreed to invest $500m in PCF Insurance Services, a US-based insurance brokerage firm.
"PCF Insurance Services has experienced tremendous growth as a result of its unique client- and employee-centric operating model. We are delighted to be partnering with an exceptional management team and group of Agency Partners, and are confident PCF will achieve its long-term strategic growth objectives with the support of Carlyle Global Credit, HGGC and our partner investors," Gary Jacovino, Carlyle Managing Director.
PCF Insurance Services is advised by J.P. 摩根 and Dix & Eaton (led by? Amy McGahan ). HGGC is advised by Kirkland & Ellis (led by? Travis Nelson ,? Rodin Hai-Jew ?and? Cameron Leishman ) and Stanton (led by? Thomas Faust ).
The Indian government opposed Hindustan Zinc 's $3bn acquisition of assets from the flagship firm of Vedanta Group , dealing a blow to billionaire Anil Agarwal's plans to trim down the mining giant's $7.7bn net debt,?Reuters?reported.
The government, which owns a nearly 30% stake in Hindustan Zinc, is against the miner buying some Africa-based zinc assets from Vedanta - its top shareholder with a near-65% stake - as it was a "related party transaction."
Virgin Media O2 dials up ￡100m bid for altnet rival Trooli.
Virgin Media O2 and its shareholders are exploring a takeover bid for Trooli , one of the UK's army of 'altnet' fibre broadband companies,?SkyNews?reported.
The telecoms giant, which is jointly owned by Liberty Global and Spain's Telefonica, is among a substantial number of parties examining offers for Trooli as part of a formal auction process.
Santander among potential bidders for abrdn PE unit. (FS)
The asset management arm of Spanish banking group Banco Santander is one of a small number of parties said to be interested in striking a deal to acquire the private equity unit of abrdn.
It is anticipated that a deal will be reached between abrdn and a purchaser within the next few months, with the division being valued at approximately $300m.
Saudi sovereign fund raises stake in Nintendo. (FS)
Saudi Arabia’s Public Investment Fund (PIF) raised its stake in Nintendo to 8.26% from 7.08%, a regulatory filing showed on Friday, the second stake increase disclosure this week following one on Wednesday.
The sovereign wealth fund has been expanding its investments in the Japanese gaming giant as well as Sweden’s Embracer and China’s VSPO backed by Tencent Holdings,?DealStreetAsia?reported.
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