The Carve-Out | Blackstone’s 2025 IPO plans, Mubadala’s $8.7bn all-cash deal, Grifols’ tumbling shares following abandoned takeover bid
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This week in private equity
🤝 Mubadala is set to acquire Canada’s CI Financial in an $8.7bn all-cash deal, with shares surging by nearly 30% following news of the deal. Read more.
🏢 Starwood Capital Group and Warburg Pincus LLC are closing in on a deal to take ESR Group private, valuing the Hong Kong-listed real estate giant at over $7bn. Read more.
🎮 Blackstone plans to list Spanish gaming firm CIRSA on the Madrid stock exchange in early 2025, with an IPO target of €700m-€1bn. Read more.
🍨 Argosy Private Equity has exited an investment in US frozen dessert provider Rita’s, through a sale to New York-based MTN Capital Partners LLC . Read more.
🚀 Aviva Investors has launched its third LTAF for the UK, adding a private debt fund, with an initial £750m investment from Aviva’s My Future Focus pensions solution. Read more.
📰 CVC Capital Partners, the majority owner of Recordati , is reportedly in talks with other Italian drugmakers about a potential sale. Read more.
The week in numbers
🛢 $3.5bn – the amount Blackstone has committed to acquire a stake in EQT’s key natural gas infrastructure assets – valued at $8.8bn. Read more.
🗞 10% – the percentage by which Grifols shares tumbled after sources revealed Brookfield is planning to abandon its takeover bid. Read more.
👀 $1.15bn – funds raised at final close for LeapFrog Investments’s fourth fund, ahead of its original $1bn target. Read more.
👉 $3tn – the total AUM passed by the global private credit market, solidifying its position as one of the fastest-growing sectors in alternative finance. Read more.
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