A private equity group led by STG Partners is set to acquire the Massachusetts-based professional basketball team, marking the largest PE takeover of a sports franchise and setting a new record for NBA team valuations.
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PHOTO: BOSTON CELTICS/PROSPORTS
PE-led consortium agrees record $6.1B deal for Boston Celtics
A private equity group led by STG Partners is set to acquire the Massachusetts-based professional basketball team, marking the largest PE takeover of a sports franchise and setting a new record for NBA team valuations. Read here
Next Insurance absorb by Munich Re for $2.6B
The German insurance giant has signed a definitive agreement to acquire the California-based digital insurance company focused on providing coverage to small-to-medium-sized businesses. Read here
PHOTO: NEXT INSURANCE
Perplexity AI seeks $1.5B funding, $18B valuation
The California-headquartered AI-powered search engine startup is reportedly in preliminary discussions to secure a new investment round that could double the company’s previous valuation of $9 billion. Read here
PHOTO: PERPLEXITY AI
NEWS WORTH NOTING
NEWS WORTH NOTING
X raises $1B at $32B to become 'Everything App'
Elon Musk’s social media platform has secured fresh equity, achieving a valuation that represents a recovery from previous valuation drops, though it remains below the original $44 billion acquisition price.Read here
Banks launch $8.1B debt sale for Sanofi unit buyout
Lenders including Goldman Sachs and Citigroup are preparing to finance Clayton Dubilier & Rice’s purchase of a stake in the French drugmaker’s consumer health division. Read here
Norway wealth fund makes $1B real estate investments
Norges Bank Investment Management has bought a 25% interest in a property portfolio in London in a new joint venture with Shaftesbury Capital for $740.03 million. Read here
BP sells Apollo $1B stake in firm invested in TANAP gas
British Petroleum has agreed to sell a stake in a firm invested in the gas pipeline linking Azerbaijan and Turkey for $1 billion to Apollo Global Management. Read here
Carlyle seeks buyers for Colombian oil producer
The private equity group is seeking a buyer for SierraCol, which produces 45,000 barrels of oil equivalent per day, making it the largest independent producer in Colombia. Read here
