M&A

A pandemic deal binge gave the firm’s open-end fund a portfolio of platforms to grow over the decades. We catch up with Blackstone’s senior team and its LPs to tell the story behind the manager’s infra programme.

The offer represents a 38.6% premium to Aves One’s three-month volume-weighted average share price, giving it an enterprise value of €1bn.

The independent board found a change of management for the AMP Capital-run vehicle was not in the best interests of investors.

The bid is conditional on UniSuper, which owns 15% of the airports shares keeping its equity stake in the company.

The US-based private equity firm is said to ‘like’ the strategy John Laing’s recently-appointed CEO implemented, and believes it can grow the company faster under private ownership.

The acquisition of Glennmont Partners this week by Nuveen is the sort of deal we should expect more of in the coming years.

Louisa Yeoman of Astrid Advisors examines assets' ownership journey as they change hands from one financial sponsor to another.

The deal is the second investment for BlackRock’s Global Renewable Power III following a commitment to Belgian renewable developer Windvision in September.

Troubled Australian financial services giant AMP Ltd will evaluate offers for all assets and businesses, including AMP Capital, in a ‘considered and holistic manner’.

The final contract is set to be signed around November, with the new private sector owners due to start operating the airport on 1 July 2021.