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NSE's $36bn IPO hinges on Sebi approval.
Nautic Partners raises $4.5bn for its eleventh fund. (FS)
Blackstone in talks to buy US pipeline stakes from EQT for $3.5bn. (FS)
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Alphabet Inc. led a $5.6bn Series C round in Waymo , an autonomous driving technology company, with participation from Andreessen Horowitz , 富达 , Perry Creek Capital , Silver Lake , Tiger Global Management , and T. Rowe Price .
“Customers love Waymo. The company has built the safest product in the autonomous vehicle ecosystem as well as the best. Their proven experience fostering rider loyalty, securing key partnerships, and collaborating with automotive industry leaders demonstrates their ability to balance ambitious goals with responsible execution, positioning them as the enduring leader in the space," Chase Coleman , Tiger Global Founder.
Bansk Group , a consumer-focused private investment firm, completed the acquisition of PetIQ , a pet medication, health and wellness company, for $1.5bn.
“We’re pleased to have delivered significant value for PetIQ stockholders through the completion of our transaction with Bansk Group. Through our partnership with Bansk, we look forward to accelerating our mission of providing pet parents convenient access to affordable pet healthcare while accelerating many longer-term growth initiatives for PetIQ’s continued success," Cord Christensen , PetIQ Founder, Chairman and CEO.
PetIQ was advised by Jefferies & Company, Cooley LLP (led by Kevin Cooper , Christina Roupas and Neal Aizenstein ) and White & Case LLP (led by Denise Cerasani). Bansk Group was advised by Davis Polk & Wardwell LLP (led by William Chudd and Darren Schweiger ) and Joele Frank (led by Jonathan Keehner ).
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NSE's $36bn IPO hinges on Sebi approval.
India’s largest stock exchange is awaiting clearance from the securities regulator to proceed with its public listing plans. The NSE India , whose initial public offering has faced delays since it initial filing in 2016, needs approval from the Securities and Exchange Board of India (SEBI) to reapply.
SEBI initially halted NSE’s plans for a listing as the exchange was mired in several cases relating to granting some high-speed traders unfair access to its co-location servers. The bourse has since addressed the regulator’s concerns and, last month was cleared of allegations of connivance and collusion in a decade-old case of unfair market access.
The acquittal has triggered a frenzy for the bourse’s stock in the private market for unlisted shares, doubling its valuations in just four months on IPO hopes. NSE’s valuation exceeds $36bn, making it larger than Cboe Global Markets , Japan Exchange Group and 新加坡交易所集团 , Bloomberg reported.
Nautic Partners raises $4.5bn for its eleventh fund. (FS)
Nautic Partners LLC , a middle-market private equity firm, announced it has successfully completed the final closing of Nautic Partners XI. Fund XI was oversubscribed at its hard cap of $4.5bn of limited partner commitments, surpassing its target of $3.75bn. Fund XI is Nautic’s largest fund to date, receiving strong support from both long-standing and notable new institutional investors across North, Central and South America, Europe, Asia and the Middle East.
“We are humbled by and incredibly grateful to all of our limited partners for their support of Nautic. We believe our success and growth is due to our ability to consistently execute our investment strategy while maintaining our culture. This is made possible by our team and our executive network, but also by our relationships with our limited partners, who have made important contributions to our success throughout the years," Scott Hilinski , Nautic Managing Director.
Nautic Partners is advised by Evercore and Kirkland & Ellis .
Blackstone in talks to buy US pipeline stakes from EQT for $3.5bn. (FS)
Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Group for about $3.5bn, Reuters reported.
If the talks are successful, the deal would help the natural gas producer slash the debt pile it accumulated from its acquisition of pipeline operator Equitrans Midstream earlier this year.
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