Category Archives: Private Equity
Team8 Raises $365 Million, Splitting a Third Flagship From Follow-On Reserves:
HedgeCo.Net — Team8 said on August 11 it had raised $365 million of new capital, split as $265 million for Team8 Capital III and more than $100 million of follow-on reserves. The f… Continue reading
Steadfast Extends Amwins–Dragoneer–KKR Exclusivity to August 21 at A$6.00:
HedgeCo.Net — Steadfast Group told the ASX on August 17 that the Amwins–Dragoneer–KKR consortium had reconfirmed a non-binding A$6.00-a-share cash scheme, less any dividends after … Continue reading
Brookfield Locks a Four-Week No-Talk Window on Reliance Worldwide at A$4.75:
HedgeCo.Net — Reliance Worldwide Corporation (ASX:RWC) entered a process deed with Brookfield Capital Partners on August 18 around an unsolicited, non-binding A$4.75-a-share cash s… Continue reading
Blackbird Closes Sixth Fund Above $1 Billion, Short of Its Own Record:
HedgeCo.Net — Blackbird, Australia’s largest venture firm, has reached final close on its sixth fund with more than $1 billion of commitments, a person familiar with the confidenti… Continue reading
First Philippine Rejects KKR’s $2.7 Billion First Gen Take-Private:
HedgeCo.Net — First Philippine Holdings said Monday it had rejected a KKR proposal to buy an 8.43% stake in First Gen and launch a tender for the power producer’s public float, tel… Continue reading
Silver Lake’s Workday Talks Would Put Mega-Cap Software Back on the Take-Private Table:
HedgeCo.Net — Silver Lake is in talks to acquire Workday in a transaction that would rank among the largest software buyouts on record, according to a Reuters exclusive that moved the stock nearly 18% on Thursday. Workday’s market value was […]
Databricks Closes $5 Billion Round at $190 Billion as Late-Stage AI Capital Sidelines the IPO:
HedgeCo.Net — Databricks said Thursday it closed a $5 billion strategic funding round at a $190 billion valuation, led by Coatue with Blackstone, MGX, accounts advised by T. Rowe Price, and new investor Sixth Street Growth, after the data-and-AI platform […]
Thoma Bravo Takes Accelerant Private in More Than $4 Billion All-Cash Deal:
HedgeCo.Net — Thoma Bravo agreed Thursday to take Accelerant Holdings private in an all-cash transaction with an enterprise value of more than $4 billion, paying $20.25 a share — a 49% premium to Wednesday’s close — and ending a public […]
Accel Closes Oversubscribed $550 Million India Fund Months Ahead of Need:
HedgeCo.Net — Accel’s $550 million ninth India fund, closed in weeks and oversubscribed even though more than half of its prior $650 million vehicle is still undeployed, is a statement about timing rather than a shortage of dry powder: the […]
Apollo Sports Capital Commits $2.6 Billion Hybrid Financing to Yankees Owner:
HedgeCo.Net — Apollo Sports Capital’s $2.6 billion financing agreement with Yankee Global Enterprises is less a trophy-asset headline than a working template for how permanent capital is now used to recapitalize sports franchises at the intersection of private equity, private […]