The world's largest asset management firm has reached a preliminary agreement to acquire the New York-based private credit manager in a deal that could represent a substantial premium over the firm’s estimated $10 billion post-IPO valuation, according to the Financial Times.
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THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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    PHOTO: CHRISTOPHER MICHEL

    BlackRock closing in on $12B deal for HPS Investment Partners

    The world's largest asset management firm has reached a preliminary agreement to acquire the New York-based private credit manager in a deal that could represent a substantial premium over the firm’s estimated $10 billion post-IPO valuation, according to the Financial Times. Read here

      Blackstone acquires $3.5B stake in EQT unit

      Blackstone Credit & Insurance is committing to a joint venture with the largest producer of natural gas in the US, acquiring a non-controlling equity stake in key natural gas infrastructure assets. Read here

      PHOTO: EQT

      EQT-1

      Pony AI raises $413M at $5.4B valuation in US IPO

      The autonomous driving company saw its American depositary shares surge by 19% in their trading debut, following a successful fundraising through its Nasdaq debut and concurrent private placements. Read here

      PHOTO: ​​S5A-0043

      ponyai

      Thanksgiving online sales up 7% to $15.6B

      Thanksgiving weekend has long been seen as the traditional start of the most important sales period for retailers, and so far, the indication is that we’re in for a strong holiday season for e-commerce. Read here

      PHOTO: AS PHOTOGRAPHY

      online sales AS PHOTOGRAPHY

      DEALS ROUNDUP

      • Apollo-backed ABC Technologies nears $1.3B deal for TI Fluid
      • Profit-with-purpose firm LeapFrog nabs $1.15B for fourth fund
      • Macquarie offers to buy Renewi for $887M in fresh attempt
      • Zomato raises $1B in first major fundraise since 2021 listing
      • Alibaba-backed Trendyol to consider $1B fundraiser
      • Constrafor raises $14M in Series A and $250M credit facility
      • Cloud platform Eon raises $70M in Series C; valued at $1.4B
      • 360Player receives $25M investment from Five Elms Capital
      • Glencore agrees to solar plant deal with Pele Green Energy
      • UniCredit plans to meet Credit Agricole over Banco BPM

        INTERNATIONAL MARKETS

        Japan’s $165B real estate trade lures hedge funds

        Global hedge funds and private equity firms are gravitating toward Japanese companies in a bid to unlock the hidden value of property on corporate balance sheets. Read here

        UK dealmakers unveil push as M&A wave hits $160B

        A sudden wave of acquisition activity has hit the United Kingdom, bucking concerns about a slowdown and securing the top spot among European dealmaking destinations. Read here

        Consortium aims to seal ESR buyout at over $7B

        A group including Starwood Capital Group and Warburg Pincus aims to finalize a deal to take the leading Asia-Pacific real asset manager private. Read here

          Direct Line surges after rebuffing $4.2B Aviva bid

          The British insurance company’s shares rose by as much as 39% after the insurer rejected the takeover offer from its rival, the second suitor it has rebuffed this year. Read here

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