August 23, 2022 | CorpDev.Org

Adani launches hostile bid for Indian news channel NDTV [Mergers & Acquisitions]

First big media play by Asia’s richest man stokes fears over editorial independence Source

Banks slice and dice $80bn in M&A debt that no one wants [buyout/ takeover]

Global banks stuck with $80bn in unappealing M&A financing debt are trying new tactics to find buyers. In the case of the private-equity buyout of Citrix Systems Inc., they’re cutting the debt...

Intel, Brookfield Sign $30bn Deal to Finance Chip Factories [Private Equity Insights]

Intel and Canada’s Brookfield Asset Management agreed to jointly fund up to $30bn for the U.S. chipmaker’s leading-edge chip factories in Arizona, fueling Intel’s ambition to bring more chip...

KKR and GCM Grosvenor invests in renewable energy developer Arevia Power [PE Hub]

The investment will support Arevia's accelerated growth and development of new solar and wind projects throughout the U.S. Source

China luxury goods player Secoo gets private equity bailout [AVJC]

Secoo Holding, a US-listed Chinese luxury goods retailer that has seen its stock price fall by 95% since the start of 2020 and has filed for bankruptcy twice in the past eight months, has received...

Buyout investors are heading for a cash crunch [buyout/ takeover]

Investors in buyout funds haven’t had to worry about cash calls for a while. When asked for fresh capital by Blackstone and others, they could find the money in a steady stream of profits from...

Bain Capital and Advent plan to exit Quest Global at $3bn valuation [Private Equity Insights]

Private equity firms Bain Capital and Advent International are looking to exit Quest Global Services, six years after investing in the engineering outsourcing firm, said people aware of the...

Australian mapping company Nearmap recommends shareholders approve Thoma Bravo buyout [buyout/ takeover]

According to terms of the deal, Nearmap shareholders will receive $2.10 in cash per share. Source

Olympus nearing deal to sell microscope unit for over $2bn, Bain Capital, Carlyle, and KKR are among suitors [Activist Investor]

Japan’s Olympus Corp is close to selling its microscope unit to a private equity firm in a deal that could fetch more than $2.2bn, three people with direct knowledge of the matter told...

[Business Wire Merger/Acquisition News] Alpine Investors Announces Sale of Mindful, A Leading Contact Center Callback Technology

SAN FRANCISCO--(BUSINESS WIRE)--Today, Alpine Investors (“Alpine”), a people-driven private equity firm committed to building enduring businesses, announced the completed sale of its portfolio...