Govt to Divest up to 4% Stake in IRFC via OFS Starting Wednesday, Sets Floor Price at Rs 104 per...
The Ministry of Railways has launched an offer‑for‑sale (OFS) to off‑load up to 4 % of Indian Railway Finance Corporation (IRFC) equity, equivalent to 26.13 crore shares, with a green‑shoe option for an additional equal tranche. The floor price is fixed at Rs 104 per share, a 5 % discount to the prior close, valuing the transaction at roughly Rs 5,436 crore. The sale opens to non‑retail investors on Wednesday and to retail investors on Thursday, continuing the government’s broader disinvestment drive. Despite record quarterly profit, IRFC’s stock has underperformed, trading below key moving averages.
Wall St Muted After Anthropic Announces New AI Tools
Anthropic announced ten new AI plug‑in tools aimed at investment‑banking, private‑equity, engineering and design workflows. The rollout follows recent AI releases that sparked a sell‑off in traditional software stocks. Wall Street’s major indexes barely moved on the news, with the...
Brookfield-Backed Rockpoint Gas Storage Closes C$459 Million Secondary Offering
Brookfield-backed Rockpoint Gas Storage completed a secondary offering, selling 16.4 million shares at C$28 per share. The transaction generated approximately C$459 million in gross proceeds, including shares issued under an over‑allotment option. The capital raise bolsters the company’s balance sheet and funds...
Exclusive: IPO-Bound Infra.Market To Raise ₹1,250 Cr Debt Funding
Infra.Market, the Indian B2B construction‑materials platform, is raising ₹1,250 crore (≈$137 million) in debt from Singapore‑based Ascertis Credit. The loan will be secured by the company’s assets, promoter shares and stakes in its subsidiaries such as RDC Concrete and Neptune Readymix. Proceeds...
Oklahoma Supreme Court to Rule on Utilities' Winter Storm Bonds
The Oklahoma Supreme Court is set to rule on $1.45 billion of winter‑storm bonds issued by Oklahoma Gas & Electric and Public Service Company of Oklahoma. Republican lawmakers allege the Oklahoma Corporation Commission violated state audit and ethics rules when authorizing...
Capital Constellation Forms Strategic Partnership with Gallatin Point Capital
Capital Constellation announced a strategic partnership with Gallatin Point Capital to co‑invest in lower‑middle‑market companies across North America. The alliance combines Capital Constellation’s deep sector expertise with Gallatin Point’s operational platform and capital resources. Both firms will jointly source, evaluate,...
Retired Vice Admiral William Hilarides Finds Calling as PE Backs Defense Industry
Retired Vice Admiral William Hilarides has taken a senior role at Ventus Industrial, a private‑equity‑backed firm targeting the defense industrial base. He says his mission is to accelerate shipbuilding capacity and help portfolio companies produce at the pace the Navy...
Malatsi Throws Weight Behind Dell’s EEIP Application
Communications Minister Solly Malatsi has recommended approval of Dell Technologies' Equity Equivalent Investment Programme (EEIP) renewal, extending the commitment for another ten years and pledging over R230 million into South Africa. The EEIP framework allows multinationals to meet B‑BEE targets through...
Permissibility Is the Real Prize for Banks in Crypto Bill
The U.S. market‑structure bill’s permissibility section would formally allow banks and their holding companies to own and transact in digital assets, effectively expanding the range of activities deemed permissible under the National Bank Act. Critics argue that simply placing an...
Buffers for Greater China, US Exposures ‘More than Adequate’ as Bad-Debt Formation Slows in Q4: UOB
UOB's CFO Leong Yung Chee said the bank's provisions for commercial‑real‑estate exposures in Greater China and the United States are more than adequate as bad‑debt formation slowed in Q4 2025. Problematic US CRE loans represent about 1% of the local...
Water Infra in Vogue as Ambienta’s NDA Makes Add-On; Hg Seeks AI Adoption at Portcos via New Initiative
Water infrastructure is emerging as a hot‑spot for private‑equity investment, driven by stable cash flows and climate‑related demand. Ambienta has signed a non‑disclosure agreement to pursue an add‑on acquisition in the sector, signaling confidence in further consolidation. Meanwhile, Hg announced...
RedotPay Weighs US IPO that Could Raise $1B at over $4B Valuation: Report
Hong Kong‑based stablecoin payments firm RedotPay is exploring a U.S. IPO that could raise more than $1 billion and value the company at over $4 billion. The offering would be underwritten by JPMorgan Chase, Goldman Sachs and Jefferies, with a potential New York...
Jamie Dimon on the Loan Rush: 'I See a Couple of People Doing some Dumb Things'
JPMorgan CEO Jamie Dimon warned that today’s aggressive loan‑making resembles the pre‑2008 buildup that led to the financial crisis. He said some rivals are taking “dumb” actions to inflate net interest income, while JPMorgan remains disciplined even if it means...
Boom Times for Muni Bonds
State and local governments issued a record $498 billion in municipal bonds in 2024 and topped $580 billion in 2025, driven primarily by infrastructure, education, and transportation projects. The surge reflects a shift from waning federal pandemic aid to local financing for...
India Aims to Raise $19.7 Billion From IPOs of State-Run Firms by 2030
India plans to raise 1.79 trillion rupees (about $19.7 billion) by selling stakes in state‑run firms through IPOs by the 2029/30 fiscal year. The effort is part of a broader $183.7 billion asset‑monetisation drive announced by NITI Aayog, following an earlier phase that fell...
Dearth of Opportunities Stirs Investor Interest in Sicilian and Copenhagen Airport Privatisations
Investor interest is reviving after a dearth of new airport privatisations in Europe. Potential deals are emerging for Sicily’s Catania airport, targeting a logistics hub, and Denmark’s Copenhagen Airport, which may welcome private investors again after a period of renationalisation....
SFA and Bloomberg Collaborate on Credit Securities Index
The Structured Finance Association (SFA) and Bloomberg Index Services are co‑creating a new credit securities index that spans multiple asset classes. Designed to deliver consistent, transparent performance and risk metrics, the index will be embedded directly into Bloomberg Terminal workflows...
Citigroup Strikes Banamex Stake Sales with Blackstone, BTG
Citigroup announced the sale of an additional 24% stake in its Mexican retail bank, Grupo Financiero Banamex, for roughly $2.5 billion. The shares were bought by a consortium that includes Blackstone, General Atlantic, Brazil's BTG Pactual and Mexico's Afore Sura, among others. The...
Uber’s Latest Effort to Become a Super App Is All About Parking
Uber announced it will acquire parking‑reservation platform SpotHero, integrating spot‑booking directly into the Uber app. The transaction, expected to close in the first half of 2026, does not disclose financial terms. SpotHero operates in over 400 U.S. and Canadian cities,...
COFINA Bondholder Case Against Insurers Is Set Back
A federal judge in Connecticut dismissed a lawsuit filed by former COFINA bondholders against insurers Ambac, MBIA and related subsidiaries, citing a lack of personal jurisdiction. The ruling allows plaintiffs to refile a second‑amended complaint against MBIA Inc. by March 6,...
How GPs and LPs View AI Disruption: Thoma Bravo’s Holden Spaht and New York’s Anastasia Titarchuk
At the PEI Group’s NEXUS 2026 summit, Thoma Bravo partner Holden Spaht and New York‑based LP specialist Anastasia Titarchuk discussed how artificial‑intelligence disruption is reshaping private‑equity dynamics. Both highlighted accelerating deal flow in AI‑enabled software and the need for deeper technical diligence....
Poor Judgment or a Principled Stand? Susan Rice's Spat with Trump Dissected
Former U.S. national security adviser Susan Rice, a Netflix board member, publicly criticized President Donald Trump on a podcast, prompting the president to demand her removal from the board. The outburst coincides with Netflix’s $82.7 billion bid to acquire Warner Bros....
Gridiron Adds to Leadership Team Amid Fund VI Roll-Out
Gridiron Capital has elevated Scott Harrison to Managing Partner and Chief Operating Officer, expanding its senior leadership team. Harrison, who blends investment acumen with operational expertise, now sits alongside founders Tom Burger and Kevin Jackson. The promotion comes as the...
Embedding AI: The Next Step
Generative AI is transitioning from experimental projects to core business workflows. Companies are now emphasizing data readiness, robust governance, and quantifiable productivity improvements rather than lofty automation promises. This shift reflects a pragmatic approach to AI adoption, focusing on measurable...
Government Equity Investments Open a New Frontier for Industry
Since the start of President Trump’s second term, the administration has completed ten direct equity investments in private firms, highlighted by a $1 billion stake in L3Harris Technologies' rocket‑motor unit and minority positions in Intel and critical‑mineral suppliers. The moves target...
David Ellison's Paramount Has some Breathing Room in Its Quest to Buy WBD Despite a Pressing Deadline
Paramount Skydance, led by David Ellison, is still courting Warner Bros. Discovery (WBD) even though a shareholder vote is set for March 20. Netflix, the rival bidder, gave WBD a one‑week waiver on exclusivity, allowing direct talks with Paramount but...
BEWI Invest - Results for the Fourth Quarter and Full Year 2025
BEWI Invest has published its fourth‑quarter and full‑year 2025 financial results, delivering a consolidated view of the company’s performance for the period. The filing, filed on the Oslo Børs and Euronext Oslo platforms, includes detailed income statements, balance sheet data,...
Joseph Gatti Joins Morgan Lewis as Structured Finance Partner
Morgan Lewis announced the addition of Joseph Gatti as a partner in its structured transactions practice, based in Washington, D.C. Gatti brings deep experience in structuring and executing asset‑backed securities, particularly single‑family residential assets and mortgage deals. He arrives from Amherst Residential, where...
26North’s Josh Harris: Retail Capital Presents ‘Recipe for Problems’
Josh Harris of 26North warned that blending unaccredited investor capital with wealth‑managed funds in mixed‑regulation vehicles creates systemic risk. At PEI Group's NEXUS 2026 conference, he argued that such structures could trigger regulatory backlash and erode confidence in private markets....
First Brands Adequate Protection Fight with Evolution Yields Appellate Court Ruling Friendly to Allegedly Secured Lenders – Legal Analysis
An appellate court in the Southern District of Texas ruled that a creditor’s prima facie showing of a security interest entitles it to adequate protection under Chapter 11, remanding the First Brands‑Evolution dispute back to the bankruptcy court for further...
Evercore Sees Microsoft Growing FCF 5% as Hyperscaler Capex Jumps 58%
Evercore ISI projects Microsoft’s free cash flow to grow 5% in 2026 while hyperscaler capital spending jumps 58% to over $700 billion. In contrast, Amazon, Google, Meta and Oracle are expected to see FCF declines, whereas Nvidia and Apple are forecast...
Societe Generale: Capital Decrease and Report on Share Buy-Back
Societe Generale announced a €1 billion capital decrease on 23 February 2026 by cancelling 15,170,791 treasury shares. The move reduces the bank’s share capital to €939.65 million, representing 751.7 million ordinary shares. In parallel, the bank reported that 34.3% of its €1.462 billion 2025‑2026 share‑buy‑back programme...
Transaction in Own Shares
Shell plc announced on 23 February 2026 that it repurchased 1,028,319 of its own shares for cancellation, executing trades on six European venues. The GBP‑denominated purchases (LSE, Chi‑X, BATS) were made at volume‑weighted average prices around £29.54 per share, while...
A New Index Wants to Prepare African Startups for London IPOs
In January, African investors and executives launched the Africa Tech 50 Index (AT50) at the London Stock Exchange to benchmark how prepared African startups are for public listings. The index uses a six‑pillar framework covering valuation momentum, revenue strength, liquidity,...
Short Takes: Expanded-Credit MBS From Redwood / MSRs on Offer / Rate Launches Crypto Option / Sales of New Homes...
Redwood introduced an expanded‑credit mortgage‑backed security, widening the pool of agency‑eligible assets as banks see their residential MBS holdings dip in Q4. Mortgage servicing rights (MSRs) are now being offered directly, reflecting heightened M&A activity that is reshaping the conventional...
The Bond Buyer Survey Shows Respondents' Concern About Politics
The Bond Buyer’s 2026 Predictions Survey, conducted with 74 public‑finance professionals, identified political uncertainty as the top five‑year threat to municipal finance, with 82% of respondents flagging it. Nearly half see tariff‑related volatility as a moderate to significant risk for...
Frazier Healthcare-Backed RevSpring Acquires Healthcare Tech Firm TrustCommerce
RevSpring, a revenue‑cycle management platform backed by Frazier Healthcare, announced the acquisition of healthcare‑technology firm TrustCommerce. The deal was sourced from Waud Capital Partners, which acted as the seller. TrustCommerce brings a robust payment‑processing suite that complements RevSpring's existing billing...
Sebi Chief Tuhin Kanta Pandey Flags Big PMS Overhaul, to Examine New RBI Funding Rules
Sebi chair Tuhin Kanta Pandey announced a sweeping review of portfolio‑management‑services (PMS) regulations, citing the sector’s Rs 10.5 lakh‑crore asset base and 17% CAGR growth. The draft overhaul will prioritize investor suitability, governance, and technology, with a public consultation slated before the...
Evercore Taps Adams Street Partners for New APAC Secondaries Head
Evercore has appointed a senior executive from Adams Street Partners to lead its Asia‑Pacific secondary market advisory team. The move comes after the departure of Shane Gong, who had headed the APAC private‑capital advisory practice until January 2025. Adams Street...
Saks Saved with 1 Billion Dollar Emergency Loan
Saks Global secured a $1 billion emergency loan, part of a $1.75 billion financing package approved by a Houston court. The package also refinances existing debt and aims to stabilize the retailer's supply chain. Supplier approval was secured, allowing the deal to...
Breitling Valuation Slashed as CVC and Partners Group Reassess Strategy
Swiss watchmaker Breitling’s valuation has been slashed by up to half from 2023 levels as private‑equity owners CVC and Partners Group reassess strategy amid weaker demand, aggressive store expansion, and US tariffs. CVC now values its remaining 20% stake at...
Zim Takeover Raises Questions for Transpac Shippers – and MSC
Hapag‑Lloyd’s pending acquisition of Zim will reshape the Asia‑US east‑coast trade, especially the five vessel‑sharing services currently run with MSC. The carrier can either keep Zim’s premium, time‑sensitive strings separate or fold them into the Gemini alliance, each option raising...
Gilead Shows Belief in Its Partner’s Cancer Treatment with $7.8 Billion Buyout
Gilead Sciences agreed to acquire the remaining shares of Arcellx for an equity value of $7.8 billion, paying $115 per share—a 79.4% premium to the prior close. The deal secures full rights to Arcellx’s BCMA‑directed CAR‑T therapy anito‑cel, which is in...
Side Letter: Gating-Gate
Blue Owl’s recent sale of semi‑liquid assets has put the niche asset class front‑and‑center for investors. Partners Group is actively addressing growing investor anxiety around artificial‑intelligence‑driven strategies. Meanwhile, Gridiron Capital signals its return to deal‑making after a quiet period. The...
Global Buyout Firms Face Exit Challenges in China
Major private‑equity firms such as KKR, Blackstone and CVC reported no publicly disclosed full exits from mainland Chinese portfolio companies in 2025. The exit drought reflects strained liquidity, higher interest rates and depressed valuations that have throttled deal activity. While...
Bharti Airtel Shares to Be in Focus After ₹20,000 Crore Capital Infusion in NBFC Arm Airtel Money
Bharti Airtel announced a ₹20,000 crore capital infusion into its non‑banking financial company arm, Airtel Money, to accelerate its digital finance push. The funding is expected to expand the company’s payments, credit and savings offerings across its telecom customer base. Following...
Financial Services Roundup: Market Talk
Malaysia’s banking sector is poised for further gains despite a recent rally, according to AmInvestment Bank analyst Paul Yap. He cites continued buying from local and foreign investors and relatively attractive valuations versus Singapore peers as key drivers. The note...
KKR Weighs Sale of BMC Helix at up to $1.5bn
Kohlberg Kravis Roberts (KKR) is weighing a sale of BMC Helix, its AI‑driven IT service‑management platform, for up to $1.5 billion. The potential transaction would be one of the larger exits in a market where private‑equity distributions have slipped to near‑2008...
Exclusive: Practo In Talks To Raise $100 Mn In Pre-IPO Round
Practo is in advanced talks to raise between $100 million and $125 million in a pre‑IPO round that will combine equity and debt, led by a global private‑equity firm and joined by existing backers. The financing values the health‑tech platform at roughly...
Etsy Sells Depop To EBay For $1.2 Billion
eBay announced a $1.2 billion acquisition of Depop, the mobile‑first fashion resale platform, to deepen its reach with Gen Z shoppers. Depop reported roughly $1 billion in gross merchandise volume last year, growing 60% year‑over‑year, and now serves 7 million buyers and 3 million sellers....