The Boston-based private equity firm has started prospecting for potential backers for a new flagship fund, which could be of similar size to its previous record-setting $25 billion vehicle, according to a report.
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PHOTO: ADVENT INTERNATIONAL/THINK EVENTS
Advent said to be canvassing investors for new $25B fund
The Boston-based private equity firm has started prospecting for potential backers for a new flagship fund, which could be of similar size to its previous record-setting $25 billion vehicle, according to a report.Read here
Elon Musk’s xAI lands $6B at $12B total capital
Investors gave The Tesla and SpaceX CEO’s artificial intelligence company a minimum of $77,593, bringing its total raised capital to $12 billion, adding to the $6 billion tranche it raised this spring.Read here
PHOTO: X.AI
TPG leads $2B secondary raising in $15B Veeam
The Texas-headquartered private equity firm has led a secondary investment in the global specialist in data resilience solutions, alongside investors Temasek, Neuberger Berman Capital Solutions.Read here
PHOTO: TPG
Investment banks eye 2025 boom as deals rally
The new White House administration is seen to fuel a dealmaking revival that could bolster investment banking income to $316 billion globally next year, a jump of about 5.7% on 2024, according to data.Read here
Aviva set to buy Direct Line to create $21B UK insurer
The British insurer has agreed to buy its smaller rival in a sweetened $4.60 billion cash-and-stock deal that will create the country's largest home and motor insurer. Read here
Thames Water gets $6.4B takeover bid from Covalis
The infrastructure investor has submitted an offer for the British water company, as the beleaguered utility races to raise new funding before it runs out of cash. Read here
After $2.5B IPO haul, OQ looks at more share sales
The main energy company in Oman is looking to list more units in the next couple of years, after it became the biggest initial public offering issuer in the Middle East in 2024. Read here
eToro taps Goldman Sachs as it plans $3.5B US listing
The Tel Aviv-based social trading and investment platform is working with the investment bank on a potential initial public offering as soon as the second quarter.Read here
