The Carve-Out | Hipgnosis bidding war, Goldman seeks Beyond funding, CVC going strong
Private Equity Wire
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This week in private equity
🔒 Concord and Blackstone are locked in a bidding war for Hipgnosis Songs Fund – the former, backed by Apollo Global Management, Inc. , has upped its bid to $.1.5bn. Read more
🔎 Goldman Sachs is seeking private credit financing of around $250m to boost liquidity at plant-based food producer Beyond Meat , per Bloomberg. Read more
✅ New Mountain Capital has closed its latest direct lending fund, its third in private credit, with around $1.15bn of capital commitments. Read more
💼 Mid-market PE Vestar Capital Partners has closed a $1.2bn continuation vehicle for its stake in Circana , with investments from Blackstone and HarbourVest Partners . Read more
👍 Deerpath Capital has closed a $450m+ CLO – its first of the year and tenth over the past six years, according to a report from ABL Advisor. Read more
🤝 Blackstone Credit & Insurance (BXCI) has appointed Dan Leiter as Head of International, tasked with growing the EMEA and APAC outfits. Read more
The week in numbers
💰 €17 – the current share price of CVC on the Euronext in Amsterdam, after the PE giant finally listed at an offer share price of €14. Read more
Recommended by LinkedIn
⬆️ 5% – Q1 increase in European VC investments, bucking the trend of a global slowdown in early stage funding – Dealroom reports. Read more
📣 $1.5bn – the new commitment to private markets by the Oregon Public Employees Retirement System, announced by CIO Rex Kim. Read more
🗞 $3.5bn – funds raised at final close by Texas-based Sterling for its latest funds to target industrial corporate carve-outs and family businesses. Read more
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