The New York-based investment giant has closed a $10.8 billion fund — the largest ever pool of external capital raised for European property — as it bets on signs of recovery for the sector despite the deepening market turmoil.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: BLACKSTONE
Blackstone gears up for $11B European property buying spree
The New York-based investment giant has closed a $10.8 billion fund — the largest ever pool of external capital raised for European property — as it bets on signs of recovery for the sector despite the deepening market turmoil. Read here
Peabody reviews $3.78B deal for Anglo coal assets
The Missouri-headquartered coal producer is assessing all options related to its acquisition agreement with the British mining company for some of its Australian steelmaking coal assets after a halt in production. Read here
PHOTO: PEABODY
Ripple buys prime broker Hidden Road for $1.25B
The California-headquartered blockchain solutions specialist is set to acquire the New York-based multi-asset clearing brokerage, making it one of the largest acquisitions by the crypto company. Read here
PHOTO: PEXELS
NEWS WORTH NOTING
NEWS WORTH NOTING
Instagram beefs up search to compete with TikTok
The Meta subsidiary is looking to improve its search functionality, admitting that this is an area where the social media platform could do more at a time when younger users turn to social apps for answers. Read here
China strikes back with 84% tariff as trade war escalates
US tariffs went into effect at midnight, prompting China to retaliate as US stock index futures slid, European shares plunged, and US Treasuries extended significant losses. Read here
India clears $7.4B deal
for 26 Rafale-Marine jets
The Indian government has approved the purchase of the marine fighter aircraft, boosting its defense credentials as it presents itself as a bulwark against China. Read here
Assura agrees to $2.06B takeover by KKR-Stonepeak
The British medical property owner has approved a buyout bid from the investment firms after rejecting a lower proposal from peer Primary Health Properties. Read here
KKR nears acquisition of Karo Healthcare for $2.8B
The private equity group bested a rival bid from PAI Partners to clinch the buyout of the company behind over-the-counter medicines such as Lamisil and E45. Read here
