The New York-based alternative asset manager overseeing over $1 trillion in assets said it plans to take advantage of the recent volatility in global markets by deploying some of its uncalled capital to pick up high-quality assets.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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Brookfield looks to exploit market chaos with $119B war chest
The New York-based alternative asset manager, overseeing over $1 trillion in assets said it plans to take advantage of the recent volatility in global markets by deploying some of its uncalled capital to pick up high-quality assets. Read here
Clearlake seeks to triple credit assets to $100B
The California-headquartered private investment group is aiming to triple its credit business with the launch of a unit to help the buyout firm grab a bigger slice of the booming asset class. Read here
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Skechers in $9.42B deal, biggest in sneaker sector
The California-based footwear and apparel company has agreed to be taken private by 3G Capital in the footwear industry's largest buyout to date, exiting public markets after 26 years as a popular brand. Read here
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Fuel distributor Sunoco
to buy Parkland for $9B
The Texas-based energy infrastructure and distribution group has struck a deal to acquire the Canadian fuel company, a move that would create the largest independent fuel distributor in the Americas. Read here
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NEWS WORTH NOTING
NEWS WORTH NOTING
OpenAI agrees to buy Windsurf for about $3B
The California-based artificial intelligence research and deployment company has agreed to acquire the AI-assisted coding tool formerly known as Codeium, according to reports citing reliable sources. Read here
Wall Street banks avoiding Chery’s $1.5B Hong Kong IPO
The Chinese automaker’s planned initial public offering — one of this year’s biggest listings — is being led by an all-Chinese bank roster after major lenders decided not to participate. Read here
Synergy targets $1B for third India-focused fund
The Dubai-headquartered investment firm led by former ArcelorMittal Executive Sudhir Maheshwari is ramping up private credit activity across Asia. Read here
SMBC is closer to acquiring majority stake in Yes Bank
Japan’s Sumitomo Mitsui Banking Corp is close to an agreement on buying a 51% controlling equity in the Indian lender, potentially the largest banking deal in the subcontinent. Read here
Citigroup partners with SIX in private markets push
The global banking giant is teaming up with the Swiss stock exchange as part of a push to make it easier for investors to settle and store their private markets holdings. Read here
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