Private Equity & Private Capital News

Singapore-based real estate-focused private investment manager SC Capital Partners has entered discussions to acquire UK data centre operator Global Switch in a deal valued at between $4bn and $5bn, according to a report by Reuters.

Eni is drawing renewed interest from private equity and infrastructure investors as it moves ahead with a second stake sale in Plenitude, its renewable energy and retail arm, which could now command a valuation north of €11bn ($12bn) including debt, according to a report by Reuters.

Bain Capital has struck a deal to acquire restaurant platform Sizzling Platter from fellow private equity firm CapitalSpring in a transaction valued at over $1bn, including debt, according to a report by Bloomberg citing unnamed sources familiar with the matter.

Private equity giants KKR and Stonepeak have agreed a £1.61bn ($2.06bn) deal to acquire Assura, a UK-listed real estate investment trust specialising in primary healthcare properties, according to a report by Reuters.

AlpInvest Partners, a subsidiary of Carlyle, has raised $3.2bn for its AlpInvest Strategic Portfolio Finance Fund II, inclusive of parallel SMAs and co-investments, exceeding its initial target and more than tripling the size of its prior programme, ASPF I.

UK-based private equity firm 3i Group has halted the sale process for premium pet food manufacturer MPM, as it evaluates the impact of newly imposed US tariffs, according to a report from Bloomberg News, citing sources familiar with the matter.

Through one lens, 2024 can be considered the year of the partial exhale. Interest rates and inflation finally came down. Economic growth in many markets remained stable. In response, deal investment and exit value increased. Alas, fund-raising struck a discordant note, but as we know, fund-raising is a lagging indicator for deal activity.

Brookfield Infrastructure Partners, alongside its institutional partners, has reached an agreement to acquire Colonial Enterprises, the operator of the largest fuel pipeline network in the US, in a transaction valued at $9bn, according to a report by Bloomberg.

A wave of large institutional investors — including pensions, endowments, and sovereign wealth funds — has begun actively exploring sales of private equity fund stakes on the secondary market to raise liquidity, according to a report by the Financial Times citing leading private capital advisers including Houlihan Lokey.

Private equity firm Brynwood Partners has agreed to sell its portfolio company, Harvest Hill Beverage Company — the maker of SunnyD and Juicy Juice — to Guatemalan conglomerate Castillo Hermanos in a deal valued at approximately $1.5bn, including debt, according to a report by Reuters.

Donald Trump’s so-called ‘Liberation Day’ tariff regime has sent shockwaves through the private equity sector, with major firms including Apollo Global, KKR, and Blackstone seeing significant share price declines, according to a report by the Financial Times.