Know What's Happening in Private Equity
Know What's Happening in Private Equity
Sunway Group launches $2.7B bid to acquire IJM
Sunway Group has offered a cash‑and‑share proposal worth roughly $2.7 billion to buy builder IJM. The offer values each IJM share at RM3.15, with 10% paid in cash and the remainder in newly issued Sunway shares. Major shareholders including the Employees Provident Fund and Permodalan Nasional Berhad, together holding about 33% of IJM, have so far rejected the bid.
The first quarter of 2026 has seen a surge in beauty‑industry mergers and acquisitions. Henkel announced the purchase of hair‑care innovator Olaplex, while Estée Lauder Companies completed a full acquisition of Indian luxury brand Forest Essentials. Private‑equity firms are deepening stakes in high‑growth cosmetics companies, and ingredient manufacturers are expanding into fresh categories and markets.
The Global Infrastructure Summit concluded, underscoring strong investor appetite for core infrastructure assets. Analysts noted that the sector’s financing metrics and pipeline quality are outperforming private‑equity‑backed projects. Brookfield Asset Management announced a $6.5 billion take‑private of Canadian renewable power producer Boralex,...
Vibrantz Technologies, a paint‑additives maker owned by a private‑equity firm, required its smaller creditors to sign nondisclosure agreements as a condition for participating in a side‑deal restructuring. The tactic, highlighted by Bloomberg, underscores a shift toward more aggressive creditor‑control measures...
Vedanta Ltd has lodged a petition in India's Supreme Court contesting the Adani Group's Rs 14,535 crore (about $1.9 billion) resolution plan for Jaypee Group assets after the NCLT approved the deal. The dispute highlights intense competition in India's infrastructure sector and could...
Greg Abel, the newly appointed CEO of Berkshire Hathaway, announced a $1.8 billion acquisition, positioning the conglomerate to deploy its record cash hoard. The move underscores Abel’s intent to build on Warren Buffett’s legacy of disciplined capital allocation while navigating a...
Private‑equity firm Thoma Bravo argues the recent plunge in SaaS stocks creates a rare, generational buying window, pointing to 20% annual growth expectations and forward price‑to‑sales multiples below 7x for leaders like ServiceNow, Salesforce and Workday.
Amazon has completed the acquisition of Fauna Robotics, the New York start‑up behind the $50,000 Sprout humanoid robot. The deal brings a 42‑inch, soft‑material robot and a team of about 50 engineers into Amazon’s Personal Robotics Group, expanding the e‑commerce...
EPF’s abstention was a signal. Formal rejection is a verdict. The investment committee has turned down Sunway’s RM3.15 offer. Says the offer does not reflect IJM’s intrinsic value. EPF holding 20.52%, PNB at 13.3% already rejecting, together with other government-linked funds owning...
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Conviction Partners, the AI-native software investor founded four years ago by former Greylock partner Sarah Guo, announced the launch of its third flagship fund alongside a second expansion‑stage vehicle. The firm is returning to the market to raise fresh capital aimed...
Bajaj Finserv announced a plan to invest between ₹400 cr and ₹450 cr (approximately $48‑$54 million) in AI‑focused ventures during FY27, combining a new dedicated private‑equity fund with direct balance‑sheet investments. The AI‑focused AIF, managed by its alternative‑investment arm Bajaj Alts, aims to...
Emerging private equity managers are increasingly recognizing that talent is the cornerstone of successful fundraising and future deal execution. Building a cohesive team with complementary skill sets, industry expertise, and cultural alignment can differentiate a nascent firm in a crowded...
General partners (GPs) launching new private‑equity funds are re‑examining their term sheets to strike a balance between luring limited‑partner capital and preserving the fund’s economic upside. Tightening economics—such as higher GP‑catch‑up or lower carried interest—helps protect returns but can make...
In the latest "Commitment Issues" podcast, Brookfield’s David Nowak and Ontario Teachers’ Pension Plan’s Dale Burgess examine how private‑equity firms are adapting to a market with slower capital distributions and more challenging fundraising. They argue that limited partners now demand...
New private‑equity managers are positioning themselves with differentiated investment theses despite a challenging fundraising environment. They argue that unique sector focus, technology integration, and ESG considerations will resonate with limited partners (LPs) seeking fresh sources of alpha. While capital inflows...
An investigation reveals that private‑equity owners of Four Seasons Health Care and other UK care‑home chains restructured operations to maximise cash flow, treating residents as “human ATMs”. The report details the founders’ early expansion, the 1999 sale to private‑equity, and...
Charter Communications' Spectrum division shed roughly 687,000 cable TV and internet subscribers in 2025 and shut its Appleton, Wis., call center, eliminating 313 jobs. The losses have spurred a strategic shift toward artificial‑intelligence tools and the pending $34.5 bn acquisition of...
Bear Den Partners has combined Berkshire East Mountain Resort and Catamount Mountain Resort under a new Bear Den Mountain Alliance, linking four New England ski areas. The roll‑up, driven by family owners, aims to create operational synergies and secure long‑term...
Blackstone‑backed EPL and Indorama Ventures’ Indovida India have signed a definitive share‑swap agreement to merge their rigid packaging businesses, forming a $2 billion entity with roughly $1 billion in annual sales. Indorama will become the majority shareholder with a 51.8% stake, while...
While boarding my flight to New York City for a Serial Acquirers conference, I got a call from my non-entrepreneurial friend, who asked how on earth I was willing to travel all the way from Europe just to stay a...
Banks have tripled lending to private equity and credit since 2018 to over $300 billion. As a result, funds that invest in highly leveraged companies have themselves become leveraged. https://t.co/HbKAJUCFch https://t.co/RAeUMBVcKG
Blue Owl Capital’s Business Development Company, Blue Owl Credit Income Corp, closed a private placement of 2.27 million Class I shares, netting roughly $20.7 million. The sale is part of a broader $22 billion capital‑raising campaign that fuels the fund’s $34.2 billion loan portfolio and...
Galloway and Swisher on MSNow? Please, no. Versant Pursues a Deal for Vox Media’s Podcast Business https://t.co/ttTyJjAqXk
Big FT scoop: Apollo looks to the south for a second HQ im the U.S. South, where most of the private capital giants future growth will be housed. @sindap @ft https://t.co/Sa4G3yXZnL
Elon Musk’s xAI announced the departure of Ross Nordeen, its last remaining original cofounder, on Friday. Nordeen’s exit comes as Musk reshapes the company ahead of a planned SpaceX‑linked IPO, underscoring a period of rapid turnover among senior staff.
AI is making the penalty for being mediocre massive. And that is why the profit-focused path (and PE’s traditional playbook) is broken. These company valuations will be crushed over time. Maybe <1.5x ARR…Fine if you are bootstrapped, but completely broken for any...
A recent cluster buy in Chinese glove maker Blue Sail, according to Smart Insider https://t.co/cINzHSKOoq
Allvia, the workforce services platform backed by Trinity Hunt Partners, announced the acquisition of HR Pals, a Los‑Angeles‑based provider of outsourced HR administration. The deal broadens Allvia’s technology‑enabled suite across the employee lifecycle and underscores a wave of consolidation in...
Herbalife Ltd. announced a $55 million acquisition of assets from UK‑based Bioniq, adding a biomarker‑powered supplement engine to its portfolio. The deal, slated to close in Q2 2026, aims to scale personalized nutrition through the company’s global distributor network.
Advent International is in early talks to acquire a 25% stake in Iscon Balaji Foods, valuing the Indian potato processor at roughly ₹5,000 crore (about $600 million). The deal highlights growing private‑equity interest in India’s frozen‑potato and quick‑service‑restaurant supply chain. IBF supplies frozen fries...
Four Seasons Health Care, founded by Robert Kilgour in 1989, grew to 43 homes before being sold to a private‑equity consortium in 1999. The deal launched a wave of PE ownership that has turned elderly residents into cash‑generating assets, prompting...
JPMorgan Chase & Co. finalized a $15 billion debt package that underpins Electronic Arts' $55 billion leveraged buyout, the largest LBO in history. The financing was completed on March 22 despite heightened geopolitical risk surrounding potential U.S. action against Iranian energy infrastructure.
SinoPac Bank’s board voted to merge with King’s Town Bank, creating a $100 billion financial institution. The deal will be funded by issuing 1.865 bn new common shares at NT$24 per share plus a cash component, consolidating the two banks under SinoPac...
Alaska Air is eyeing JetBlue as a potential acquisition, attracted by the combined route map and East Coast foothold. The deal would give Alaska access to Boston, JFK slots, the Mint premium brand, and a fleet of A321LRs suited for...
Merck announced a cash deal to acquire TERN, while CORT secured FDA clearance for its cancer therapy. In parallel, INSM reported positive trial data, VALN fell short of expectations, and Anavex withdrew its EU filing for an Alzheimer’s candidate.
. @DanLifshits, co-founder of Dwelly, explains how he and his partners are building an AI-enabled roll-up in the UK lettings market by acquiring independent agencies and modernizing them with software. After completing 9 acquisitions in just 24 months, Dwelly recently announced...
Although this example of increasing competitiveness comes from the public markets... I believe the same principle applies just as strongly to investing in and building companies in the $1-15M EBITDA range. "With more tools you are better equipped to understand the world...
Native Instruments, a leading music‑software and hardware maker with 25 million users, filed for insolvency after years under private‑equity ownership. DJs and producers blame the financial engineering of its investors for the firm’s collapse, despite a pandemic‑driven sales surge. The company...
Unverified reports suggest Detroit Pistons owner Tom Gores is in talks to buy the San Diego Padres, highlighting a broader trend of private‑equity firms targeting marquee sports franchises. While deal specifics remain undisclosed, recent NBA expansion fee estimates of $15‑$20 billion...
FiEE, Inc. announced a $3 million investment that includes a $51,000 equity purchase and a $2.9 million convertible loan, giving it a 51% stake in YinLian Culture and control of the AI‑powered Maltose Culture music ecosystem. The move aims to embed AI‑generated...
The VC Corner blog post unveils a free seven‑sheet Excel model that lets founders and investors run a full accretion/dilution analysis on any M&A transaction. The tool calculates whether the acquiring company’s earnings per share (EPS) will rise or fall...
$LVMH laid out the strategy driving their acquisitions in 2002 Holding so many different luxury goods businesses would help to balance the cyclicality of each category. “Wines and spirits are stable businesses with long cycles” versus luxury fashion and ready-to-wear...
Palladium Healthcare announced it will acquire DME Express, a durable medical equipment provider, from Waypoint. The deal, terms undisclosed, adds a national DME platform to Palladium’s growing healthcare services portfolio and reflects accelerating consolidation in the DME sector.
Bear Den Partners has merged Berkshire East Mountain Resort and Catamount Mountain Resort, creating a four‑mountain alliance that includes Burke Mountain and Smugglers’ Notch. The deal, announced on Feb. 11, adds to Bear Den’s $11.5 million bankruptcy‑sale acquisition of Burke Mountain and...
Subscription credit facilities, long used in private‑equity, are re‑emerging as a vital liquidity tool for business development companies (BDCs) and interval funds amid heightened redemption pressures. By tapping uncalled investor commitments, these lines let sponsors meet withdrawals without forced asset...
SXSW Film & TV Festival named Variety chief film critic Peter Debruge as its new director, effective April 6, as longtime vice‑president Claudette Godfrey steps down after nearly two decades. The change underscores Penske Media Corporation’s growing stake in the...
Carl Hart has founded Millbank Capital, a Dallas‑based private equity firm that will target mid‑market companies facing succession gaps as baby‑boomer owners retire. The firm hopes to capture a share of the $14 trillion business value slated to change hands over...
The single largest shareholder in IJM just refused to vote on a RM3.15 per share takeover bid worth RM11b in total. That silence is not neutral — it is doing something specific. (Abstentions in public M&A rarely mean “no opinion.”) EPF, IJM’s...
Is there a Twofer Afoot? 🏈🏀 For Sale: A Seattle Sports Empire? https://t.co/f2DJxWfE1i via @sportico @novy_williams
Why some business deals look amazing—until you do the math properly. https://t.co/1vSKngieRj #SmallBusiness & Deal Making #SMB https://t.co/wb8AmKBfnA
