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GIC is said to weigh selling $5bn stake in India’s Greenko.?
?Monzo staff to sell shares as valuation soars again to ￡4.5bn.?
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Ares Management Corporation, an American global alternative asset manager, agreed to acquire GCP International LLC, a global alternative asset management firm, from GLP Capital Partners, a global alternative asset manager investing in logistics, infrastructure and renewable energy assets, for $3.7bn.
"We have long admired the global real estate experience of GCP and its capabilities in facilitating the economy of the future, which includes investing in and managing industrial, data center and self-storage assets. As a combined business, we believe that Ares' and GCP International's experienced management teams, highly collaborative cultures and investment track records will create a powerhouse in global real assets investing," Michael Arougheti, Ares President and CEO.
GCP International is advised by Citi, Deutsche Bank, Greenhill & Co., Morgan Stanley, UOB and Kirkland & Ellis. Ares is advised by Barclays, Eastdil Secured, Goldman Sachs, Wells Fargo and Latham & Watkins (led by Alexandra Croswell Kelly, Owen Alexander and Daniel Breslin). GLP Capital Partners is advised by Gasthalter & Co. LP (led by Jonathan Gasthalter).
Apollo Global Management, Inc., an alternative asset management firm, agreed to acquire Barnes, a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, for $3.6bn.
“We are thrilled to partner with the talented team at Barnes, which has a tremendous heritage of building leading businesses with strong customer relationships in the aerospace and industrial sectors. We see opportunities to further invest in and grow Barnes’ businesses, which are positioned to benefit from long-term aerospace demand trends, as well as the need for high performance components and solutions for a range of end-markets. We applaud the Barnes team for the progress it has made with its transformation plan, and we believe this plan can be accelerated in a private company setting. We look forward to drawing on Apollo’s significant industry experience and value-added capabilities to support Barnes as it executes against its transformation and growth plans,” Antoine Munfakh, Apollo Partner.
Barnes Group is advised by Goldman Sachs, Jefferies and Wachtell, Lipton, Rosen & Katz (led by Benjamin Roth and Elina Tetelbaum). Apollo is advised by Latham & Watkins (led by Justin G. Hamill, Eric Press and Michael Anastasio) and Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by?Brian Kim).
Butterfly Equity , a private equity firm specializing in the food and beverage sector, agreed to acquire The Duckhorn Portfolio , an American wine company, for $1.95bn.
“We are honored to partner with Duckhorn and welcome the Company to the Butterfly family. This is an incredible opportunity, and we look forward to bringing our specialized expertise and deep food and beverage network to bear to help amplify and accelerate the Company’s mission to have their wine poured wherever fine wines are served throughout North America and the world,” Adam Waglay, Butterfly Co-Founder and Co-CEO.
The Duckhorn Portfolio is advised by J.P. 摩根 , Ropes & Gray LLP and ICR (led by?Jessica Liddell). Butterfly is advised by KKR , Kirkland & Ellis (led by?Ravi Agarwal,?Sean Rodgers?and?Steven Choi) and Prosek Partners .
GIC is said to weigh selling $5bn stake in India’s Greenko.?
GIC is considering options for its 50% stake in India’s Greenko Group , including a possible sale that could be worth around $5bn,?Bloomberg?reported.
The Singaporean sovereign wealth fund is in initial discussions with financial advisers to help evaluate a full or partial sale of its holding in Greenko. A deal could value the renewable energy firm at about $10bn.
Monzo staff?to?sell shares as valuation soars again to ￡4.5bn.??
Hundreds of employees of the digital bank Monzo Bank are being?given the opportunity?to sell part of their stakes in the company as its valuation soars to ￡4.5bn ($5.9bn).?
The latest share sale is understood to involve existing Monzo investors StepStone Group and GIC , the Singaporean sovereign wealth fund, buying stock from employees.
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