Today's Private Equity Pulse
Blackstone launches its biggest Asia private‑equity fund at $13.1 billion
Blackstone announced the closing of a $13.1 billion fund, its largest ever dedicated to Asian private‑equity investments. The fund aims to back buyouts and growth‑capital deals across the region, underscoring Blackstone’s expanding focus on Asia’s mid‑market opportunities.
Also developing:
By the numbers: Toms Capital acquires significant stake in McCormick
A Fresh Start for Molecular Health: Technology Core Becomes Start-Up Lucera
Molecular Health’s pharma‑technology division has been bought by an investor consortium and relaunched as Lucera GmbH, retaining founder Friedrich von Bohlen as CEO and CTO Stephan Brock. The spin‑out centers on the Dataome knowledge platform, a 15‑year‑old semantic graph that integrates hundreds of data sources for drug‑development decision support. About 25 staff moved to the new leaner entity, which already serves over 20 pharma, biotech and investment clients worldwide. Lucera aims to differentiate by delivering explainable AI that links predictions to underlying biological evidence.
Blackstone Raises $13bn Asia PE Fund in World's 'Fastest-Growing' Region
Blackstone announced the final close of its third Asia private‑equity vehicle, Blackstone Capital Partners Asia III, at $13.1 billion, surpassing its $10 billion target. The fund is the firm’s largest private‑equity raise in the region and underscores Asia’s status as the fastest‑growing...
Berkshire Hathaway to Acquire Taylor Morrison in $8.5 Billion Cash Deal
Berkshire Hathaway agreed to buy Taylor Morrison Home Corp. for $72.50 per share in cash, valuing the homebuilder at $6.8 billion in equity and $8.5 billion on an enterprise basis. The deal, a 24% premium to the prior close, pushes Berkshire deeper...
Operator-Led Private Equity at Ethos - Erik Brooks
In this Capital Allocators episode, Erik Brooks, co‑founder and managing partner of Ethos Capital, explains how the firm’s operator‑led private‑equity model differs from traditional finance‑driven approaches. By placing seasoned operators at the center of due‑diligence and portfolio management, Ethos believes...
From SBOMs To Decisions: Prioritizing Supply Chain Risk in Time-Bound M&A... Prashanth Chandrasekar
The presentation by Prashanth Chandrasekar of Bitsight focuses on how software bill of materials (SBOMs) can be transformed from a static inventory into a decision‑making tool for mergers and acquisitions (M&A). He stresses that M&A due diligence operates under a...
Lights, Camera, Due Diligence: What International Investors Miss When Buying US Entertainment Assets
The U.S. entertainment market generated $11.5 bn in recorded‑music revenue and $62.2 bn in home‑entertainment spending in 2025, highlighting its scale and cash‑flow potential. International investors are drawn to recurring royalties and valuable IP, yet often underestimate the layered U.S. tax, state‑law,...
Investcorp Credit Management BDC: Visiting the Private Credit Garbage Bin
Investcorp Credit Management BDC (ICMB) is a distressed sub‑scale BDC with a $17 million market cap that refinanced its maturing debt in March through an affiliate of its external manager. Post‑refinance, the standalone BDC economics collapsed, prompting the board to explore...
Berkshire Hathaway to Acquire Homebuilder Taylor Morrison in $8.5 Billion Deal
Berkshire Hathaway agreed to buy Taylor Morrison Home Corp. for $72.50 per share in cash, valuing the homebuilder at roughly $6.8 billion in equity and $8.5 billion on an enterprise basis. The transaction, which carries a 24% premium, pushes Berkshire deeper into...
Barry Diller’s $12.4 Billion Offer for MGM Is a Big Bet that Vegas Is Bac...
Media mogul Barry Diller’s People Inc. has submitted a cash offer of roughly $12.4 billion to take MGM Resorts private at $48.30 per share, a 24.1% premium to the stock’s recent average price. The proposal sparked a 16% jump in MGM’s...
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Destination XL Group (DXLG) announced an extended tender offer to purchase all outstanding common shares at $0.82 per share in cash. The offer, made by Zodiac Partners II, LLC—a subsidiary of Camac Fund—now expires at 5:00 p.m. ET on June 22, 2026, three...
6 Newly Formed Health Systems
Six new health systems debuted across the U.S. after mergers, bankruptcy exits, and nonprofit turnarounds. The entities range from Memorial Health System of Southwest Oklahoma’s 464‑bed merger to Hudson Regional Health’s $120 million‑backed restructuring of four New Jersey hospitals. Centralus Health...
Christie’s Parent Dumps Tri-State Affiliate
Christie’s International has terminated its franchise agreement with Christie’s International Real Estate Group LLC, the exclusive affiliate covering New York, New Jersey and Connecticut. The affiliate, acquired by Compass in a $450 million deal that also included @properties, operates roughly 30 offices and...
Brio Restaurants Files Chapter 11, Shuts 110 Outlets, Leaves 38 Open
Bravo Brio Restaurant Group filed for Chapter 11 bankruptcy, announcing the closure of 110 Brio and Bravo locations and leaving just 38 restaurants operating. The filing cites soaring food and labor costs, softening discretionary spending and a debt load between $10 million...
Worldline Sells Mobility & E‑Transactional Services to Magellan for €400 M
French payments firm Worldline has closed the sale of its Mobility & e‑Transactional Services business to Magellan Partners Group for an enterprise value of €400 million, netting roughly €280 million in cash. The divestiture is a cornerstone of Worldline’s North Star 2030...
WWEX Group and Auctane Complete Merger, Creating Leading Logistics Provider ShipStation Global
WWEX Group and Auctane have completed a merger that creates ShipStation Global, a logistics platform backed by Thoma Bravo with CVC retaining a minority stake. The new entity combines WWEX’s freight brokerage network of over 2,300 sales professionals with Auctane’s AI‑powered...
People Incorporated Proposes to Acquire MGM Resorts International
People Incorporated has submitted a non‑binding offer to buy all MGM Resorts International shares it does not already own for $48.30 in cash per share. The bid represents a 24.1% premium to the 30‑day volume‑weighted average price and a 10.6%...
MAGA‑Linked AAFS Nears $1 Billion Balkan Gas Pipeline Deal
AAFS Infrastructure and Energy, a firm with direct links to former President Donald Trump’s inner circle, is on the brink of securing more than $1 billion in concession contracts to build a U.S.‑sourced natural‑gas pipeline across the Balkans. The deal, if...