Private equity firm The Carlyle Group has expanded its real estate portfolio with the acquisition of four self-storage facilities in the outer boroughs of New York City. The facilities, located in Queens and Brooklyn, were purchased for a total of $110.4 million from Safe N Lock Self Storage, which developed them between 2018 and 2020. The properties are currently managed by Life Storage.  The largest individual sale was the facility at 87-16 121st Street in Richmond, Queens, which was sold for $50.3 million. The other three facilities a ..read more

Maiva Pharma, a Bengalure-based Contract Development and Manufacturing Organisation (CDMO), has announced a significant milestone in its growth journey. The company has successfully raised approximately Rs 1,000 crore in primary and secondary funding from a fund managed by Morgan Stanley Private Equity Asia and India Life Sciences Fund – IV (ILSF – IV). This investment marks Maiva’s first private equity fundraise and signals a significant move in the healthcare investment landscape. The funding has been utilised to acquire a controlling stake from existing investors and to infuse primary cap ..read more

Energy Capital Partners is in advanced talks to acquire Atlantica Sustainable Infrastructure Plc, an owner of renewable power assets, according to people with knowledge of the matter. The private equity firm has been negotiating terms of a deal to buy UK-based Atlantica, the people said, asking not to be identified because the information is private. It could reach a deal as soon as the next few weeks, according to the people. Shares of Atlantica, which had fallen about 18% in the past year, jumped as much as 12% in US trading Thursday. They closed up 2.4% to $21.42, giving the company a mar ..read more

Sydney investment firm Quadrant Private Equity is now a Canva shareholder after acquiring a hefty $500 million slice of the design giant, including more than $100 million worth of shares from VC fund Blackbird. That represents about 1.2% of the company’s stock. The deal comes after $2.4 billion worth of Canva shares changed hands earlier this year amid $3.6 billion in demand, as tech company prepares to list publicly in 2026. The acquisition was made at Canva’s current US$25 billion (A$39bn) valuation – a figure local VCs arrived at in mid-2022. Get the week’s top news delivered directly to ..read more

L Catterton has announced that it has entered into a definitive agreement to acquire a majority stake in Kiko Milano from the Percassi Family for an undisclosed sum. The Italian founders will retain a significant stake in the make-up brand. In 2023, Kiko recorded net revenue of approximately €800 million and nearly 20 percent year-over-year growth. Through this partnership with L Catterton, the brand hopes to accelerate its global expansion. Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Nik Thukral, a Managing Partner in L Cat ..read more

London-based card reader maker SumUp has secured a €1.5bn private credit loan package from a group of lenders led by Goldman Sachs. Other participants include BlackRock, Apollo Global Management, Oaktree Capital Management and Vista Credit Partners. According to a press statement, cash from the round – one of the largest European private credit deals of its kind in recent years – will be used to “refinance existing debt and seize global growth opportunities”. Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up A report from Reuters cites unna ..read more

Sycamore Partners is one of the buyout equity firms that have expressed interest in taking U.S. department store Nordstrom private, according to people familiar with the matter. Nordstrom said last month that CEO Erik Nordstrom and his brother Pete, the company’s president, were exploring options to take the retailer private, confirming a Reuters report that had been published in March. Negotiations will take several weeks and there is no certainty that Sycamore, which owns regional U.S. department store operator Belk, or any other private equity suitor will reach a deal, the sources said, r ..read more

Advent International is in talks with Oman about a potential move to inject fresh capital into OQ Chemicals in exchange for a majority stake in the company, people familiar with the matter said. The private equity firm is proposing to provide as much as $250 million of new equity into OQ Chemicals, according to the people, who asked not to be identified discussing confidential information. A deal would see Advent take control of OQ Chemicals while its current owner, Oman state energy company OQ SAOC, would hold the remainder, they said. OQ Chemicals has been searching for a solution after OQ ..read more

Preferred Apartment Communities Inc said on Wednesday a Blackstone Inc unit would buy it in a $5.8 billion deal, as the world’s biggest alternate asset manager ramps up investments in the red-hot U.S. housing sector. Blackstone Real Estate Income Trust’s (BREIT) all-cash offer of $25 per share is nearly 40% higher than Preferred Apartment’s stock close on Feb. 9, a day before media reports on the company exploring strategic options including a sale. The real estate investment trust’s shares shot up 7% to $25.04 before the bell following the news. Get the week’s top news delivered directly t ..read more

Industrial minerals company U.S. Silica Holdings, Inc.  announced Friday that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo in an all-cash transaction that values the Company at an enterprise value of approximately $1.85 billion. Under the terms of the agreement, U.S. Silica stockholders will receive $15.50 per share in cash for each share of common stock owned as of the closing of the transaction. The per share purchase price of $15.50 represents a 18.7% premium to U.S. Silica’s closing share price of $13.06 on April 25, 2024, the la ..read more