Alternatives
Sovereign Wealth Funds Double Down on Private Deals, Emerge as Major M&A Players
Such investors have become among the ‘most assertive forces in global dealmaking.’
Tag: Mergers and Acquisitions
Market Moves
Swedish PE Firm to Buy Secondaries’ Pioneer Coller Capital
EQT AB agreed to pay $3.2 billion to purchase the dedicated secondaries firm, which has nearly $50 billion in AUM.
Corporate Moves
MetLife Completes PineBridge Acquisition
The combined business manages about $735 billion in assets.
Corporate Moves
Janus Henderson to Be Acquired by Trian, General Catalyst for $7.4B
The transaction’s strategic investors include the Qatar Investment Authority, Sun Hung Kai & Co. Ltd. and MassMutual.
Corporate Moves
General Catalyst, Trian Seek to Buy Remaining Shares of Janus Henderson
A Janus Henderson special committee will consider the nonbinding takeover offer, which values the company at more than $7 billion.
Corporate Moves
Aon Sells Major Stake in NFP Corp. Wealth Business to Madison Dearborn
The $2.7 billion deal is expected to close in the fourth quarter of this year.
Corporate Moves
Partnership Between Cresset and Monticello Announced
The tie-up will create a pool of nearly $200 billion in assets for the firms to oversee and advise and provide clients access to fund managers in the public and private markets.
Corporate Moves
Value of Pension-Backed M&A Deals Soars to $13.6B in Q2
Despite seven fewer transactions than one year earlier, total deal value rose 158%.
Pensions
Qantas Super, Australian Retirement Trust Plan Merger
The combination would give Qantas members access to a broader choice of investment options and enhanced member support and services, including digital and education tools, per Qantas.
Market Moves
Pension Fund-Backed M&A Deals Continue to Nosedive
Transactions in Q1 totaled just under $1.3 billion, a fraction of the $15.3 billion worth of deals during the year-ago quarter.
It’s Just the Beginning for Surging Secondary PE Sales
Used as an escape hatch when private equity is in the doldrums, this venue has become established enough to keep going in better days, strategists say.
Risk
Private Capital Fundraising Tilts Toward the Big Guys
Slowdown in number of firms pulling in fresh money means more for the top 10 funds, Preqin says.
Asset Allocation
Korean Pension Giant Acquires Stake in US Private Equity Real Estate Firm
The $750 billion National Pension Service’s investment provides it with an undisclosed minority interest in San Francisco-based Stockbridge Capital.
Asset Allocation
Q3 Another Stinker for M&A, but It May Set Table for Sizable Rebound
Lower valuations and lots of unspent cash are the ingredients for an eventual upturn, says PitchBook.
Asset Allocation
Why Private Equity Is Still Dogging It
A host of macro problems leave PE fund investors with just small gains.