Latest news with #PartnersGroup
Time of India
a day ago
- Business
- Time of India
$230mn deal: Partners Group to acquire 75% of Infinity Fincorp
Mumbai: Swiss private equity firm Partners Group is set to acquire True North's controlling stake in Infinity Fincorp Solutions, a Mumbai-based non-banking financial company (NBFC), outbidding rivals Advent International and Creador, said people familiar with the matter. Partners Group will be buying 65% stake in Infinity, which offers micro loans against property , from Mumbai-based PE firm True North, the people said, adding it would also make a small primary capital infusion into the company. Upon completion of the deal, Partners is expected to own a total 70-75% of the shadow lender for about $230 million, the people said. Partners has signed an exclusivity agreement with True North and is expected to sign the shareholder agreement in the next few days, the people said. The transaction will also give a monetisation route to Infinity's angel investors. Founded in 2016 as a unit of National Bulk Handling Corporation with seed funding from Indium IV Holdings-a fund advised by True North, Infinity provides secured loans to micro, small and medium enterprises (MSMEs) in underserved Tier 2 and Tier 3 cities.
Economic Times
a day ago
- Business
- Economic Times
$230mn deal: Partners Group to acquire 75% of Infinity Fincorp
Mumbai: Swiss private equity firm Partners Group is set to acquire True North's controlling stake in Infinity Fincorp Solutions, a Mumbai-based non-banking financial company (NBFC), outbidding rivals Advent International and Creador, said people familiar with the matter. ADVERTISEMENT Partners Group will be buying 65% stake in Infinity, which offers micro loans against property, from Mumbai-based PE firm True North, the people said, adding it would also make a small primary capital infusion into the company. Upon completion of the deal, Partners is expected to own a total 70-75% of the shadow lender for about $230 million, the people said. Partners has signed an exclusivity agreement with True North and is expected to sign the shareholder agreement in the next few days, the people said. The transaction will also give a monetisation route to Infinity's angel investors. Founded in 2016 as a unit of National Bulk Handling Corporation with seed funding from Indium IV Holdings-a fund advised by True North, Infinity provides secured loans to micro, small and medium enterprises (MSMEs) in underserved Tier 2 and Tier 3 cities. (You can now subscribe to our Economic Times WhatsApp channel)
Yahoo
2 days ago
- Business
- Yahoo
Partners Group buys UK pet-food business MPM from 3i
Partners Group has agreed to buy UK pet-food business MPM Products from its UK private-equity peer 3i. Established 2002, Manchester-based MPM's portfolio includes cat-focused brands such as Applaws, Reveal and Encore. With offices in the UK, Australia, China and US, MPM sells its products in 49 markets globally, according to the company's official Linkedin account. In a statement, 3i said MPM's sales and EBITDA have more than 'doubled' since its investment in 2020, though specific figures were not disclosed. International sales now account for nearly 80% of MPM's revenues across the US, EMEA, and APAC regions, the private-equity firm said. 3i said the "total gross proceeds" to the buy-out house are estimated at approximately £400m ($538.2m). In a separate statement, Partners Group said the cat-food sector is "benefitting from several thematic tailwinds". People are delaying having babies, leading to increased pet ownership and the "premiumisation" of purchases. Thomas Clark, MD for private-equity goods and products at Partners Group, said: "We have been tracking the pet food market as part of our broader thematic research into the 'humanisation' of pets. We believe there is a significant growth opportunity in the premium cat food segment as this has historically been underserved by incumbent producers that are primarily 'dog focused'." The transaction is subject to customary regulatory approvals and is expected to be completed in the third quarter of the year. Julian Bambridge, MPM's CEO, said: "Feeding is one of the key moments when owners interact with their cats, which reinforces a desire to provide something special at these times. At MPM, our goal is to enrich the lives of pets and owners through visibly better food that uses the highest quality natural ingredients and provides core health benefits. We are excited to continue our strong growth under Partners Group's ownership." "Partners Group buys UK pet-food business MPM from 3i" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Bloomberg
2 days ago
- Business
- Bloomberg
Pimco and King Street's AmSurg Windfall Caps Ugly Distressed-Debt Saga
The sale of AmSurg, an ambulatory surgery company once part of KKR & Co.-backed Envision Healthcare Corp., caps an epic distressed-debt saga that will hand a windfall to investors that took ownership of the business after an ugly debt brawl. Pacific Investment Management Co., King Street Capital Management, and Partners Group are among the AmSurg owners netting nearly $4 billion from the deal to sell the company to Ascension Health, one of the biggest nonprofit health systems in the US.
Al Etihad
3 days ago
- Business
- Al Etihad
Swiss investment firm Partners Group opens office at ADGM
17 June 2025 22:49 REDDY (ABU DHABI)Partners Group, a Switzerland-based investment firm and one of the world's largest players in the private markets industry, has expanded its regional footprint with the launch of a new regional headquarters in Abu Dhabi Global Market (ADGM), the UAE capital's international financial a statement on Tuesday, the firm, which manages over $150 billion in assets and has invested more than $234 billion since its founding in 1996, described Abu Dhabi as a rising global hub for innovation in technology, energy, manufacturing, and digital services.'Abu Dhabi is increasingly becoming a centre of gravity for global advancements in technology, energy, next-generation manufacturing, and digital services,' said Steffen Meister, Executive Chairman of the Board at Partners Group. 'From our new regional headquarters, we look forward to partnering with institutions to capitalise on the many opportunities arising from the upcoming technology-led transformation of industries, often with a nexus to the region.'The Abu Dhabi office—located at Al Maryah Tower in ADGM Square—will be led by Suhail Albaz, Chairman for the Middle East, Africa, and Central Asia. He stressed the strategic importance of the Middle East, especially the GCC, as a growth region for the firm. 'We are actively pursuing the growing opportunities for transformational investing offered to our portfolio of businesses and assets by establishing themselves in the Middle East,' he the expansion, Ahmed Jasim Al Zaabi, Chairman of ADGM, said: 'We are delighted to welcome Partners Group, one of the largest and most respected firms in the global private markets industry to ADGM. We look forward to their valuable contribution to the vibrant and diverse financial community within Abu Dhabi.'Partners Group has been active in the Middle East since 2010, when it opened an office in Dubai. Its portfolio companies today employ over 2,000 people across the region. A notable example is International School Partnerships, which was founded by the firm in 2013 and recently acquired its tenth school in the Middle more than 800 institutional clients and 200 million client beneficiaries globally, the firm continues to serve a broad base, including sovereign wealth funds, pension funds, insurers, and high-net-worth individuals. In the Middle East, its institutional client relationships are led by Nael Antaki, while Venugopal Reddy oversees the firm's private wealth business in the region. This latest move brings the company's global network to 22 offices, reinforcing its long-term commitment to private markets and the Middle East's investment landscape. Source: Aletihad - Abu Dhabi
