Private Equity & Private Capital News

French investment firm Wendel is to acquire a 75% stake in US asset management company Monroe Capital (MRCC.O) for $1.13bn in a move aimed at strengthening the firm’s presence in the growing private credit market, and boosting its asset management business, according to a report by Reuters.

Private equity firm Altor has agreed to sell Swedish investment bank and asset manager Carnegie to Norway’s largest bank, DNB, for approximately SEK12bn ($1.14bn), with the deal expected to close in the first half of next year, according to a report by Reuters.

Activist investment firm Elliott Investment Management has entered into discussions with Southwest Airlines aimed at reaching a settlement that would prevent a proxy fight over control of the airline’s board, according to a report by Bloomberg News.

US private equity firm Clayton Dubilier & Rice (CD&R) has reached agreement on the terms to acquire a controlling 51% stake in Sanofi’s consumer health division Opella, according to a report by Reuters citing sources within the French government.

BlackFin Capital Partners, a leading European financial services sector investment specialist, has held the final close of BlackFin Financial Services Fund IV with €1.8bn, taking the firm’s total assets under management to $4bn.

Private equity M&A in the US also increased to $182.6bn in the first nine months of the year, according to BCG. M&A totaled $1.6tn in the first three quarters across 22,400 transactions globally. Although this represents a 10% growth from the same time last year, activity remains below historical norms and is less than half […]

Nuclear technology company X-Energy announced that it has raised $500 million in a Series C-1 financing round, with proceeds aimed at supporting the commercialization of the company’s small modular nuclear (SMR) reactor technology. The financing round was led by Amazon’s Climate Pledge Fund, and was announced alongside plans to use X-Energy’s reactor design to support […]

The market for secondary sales of private equity (PE) stakes is experiencing unprecedented activity this year as investors look to exit ageing assets due to a cash crunch and a slowdown in dealmaking, according to a report by the Financial Times.

Blackstone (BX.N), the world’s largest alternative investment firm, surpassed Wall Street estimates for its key earnings metric in the latest quarter, reporting a record $1.1tn in assets under management (AUM) and an increase in fund value, according to a report by Reuters.