Latest news with #StonepeakPartners
Reuters
11-06-2025
- Business
- Reuters
KKR tables 'best and final' $2.3 billion offer to buy UK's Assura
June 11 (Reuters) - U.S. private equity firm KKR (KKR.N), opens new tab and Assura (AGRP.L), opens new tab have agreed on the terms of a "best and final" offer for the British healthcare real estate investor's sale, valuing it at nearly 1.7 billion pounds ($2.29 billion), the companies said on Wednesday. The latest proposal from KKR and private equity firm Stonepeak Partners of 52.1 pence a share including dividends trumps the 51.7 pence offered by rival suitor Primary Health Properties (PHP.L), opens new tab last month. Assura joins a growing list of UK companies being bought out and taken private by overseas private equity firms or investment companies, attracted by cheap valuations. ($1 = 0.7415 pounds)
Yahoo
11-06-2025
- Business
- Yahoo
KKR tables 'best and final' $2.3 billion offer to buy UK's Assura
(Reuters) -U.S. private equity firm KKR and Assura have agreed on the terms of a "best and final" offer for the British healthcare real estate investor's sale, valuing it at nearly 1.7 billion pounds ($2.29 billion), the companies said on Wednesday. The latest proposal from KKR and private equity firm Stonepeak Partners of 52.1 pence a share including dividends trumps the 51.7 pence offered by rival suitor Primary Health Properties last month. Assura joins a growing list of UK companies being bought out and taken private by overseas private equity firms or investment companies, attracted by cheap valuations. ($1 = 0.7415 pounds) Sign in to access your portfolio
Forbes
09-06-2025
- Business
- Forbes
Malaysian Tycoon Lim Han Weng In Talks For A Potential Yinson Deal
A floating production, storage and offloading vessel built by Yinson. Yinson Holdings said its chairman Lim Han Weng is in talks with several parties for a potential deal involving his shareholding in the Kuala Lumpur-listed energy giant. 'Given that the discussions are still at an exploratory stage, there is currently no conclusive indication that the discussions would give rise to a corporate proposal involving Yinson,' the company said in a statement to Bursa Malaysia. While the statement didn't identify the parties Lim is in talks with, Bloomberg reported last week that the Lim family was in exclusive talks with New York-based Stonepeak Partners to take Yinson private in a deal valuing the company at 9 billion ringgit ($2.1 billion). That's at a 38% premium to Yinson's market capitalization of 6.5 billion ringgit. Yinson was founded in 1984 by Lim and his wife, Bah Kim Lian, as a transport and trading company. It has since diversified into energy infrastructure and is now one the world's largest operators of floating production, storage and offloading (FPSO) vessels that it leases to oil and gas companies in Angola, Brazil, Ghana and Vietnam. Its FPSO vessel operating unit raised $1 billion in January from the Abu Dhabi Investment Authority, British Columbia Investment Management and Singapore-based private equity firm RRJ Capital. In 2020, Yinson diversified into renewable energy and now has solar plants in India and Peru. With a net worth of $480 million, the Lim family ranked no. 41 in Forbes Asia's list of Malaysia's richest that was published in April this year.
Free Malaysia Today
09-06-2025
- Business
- Free Malaysia Today
B.Grimm, Digital Edge to invest US$1bil in Thai data centre
Digital Edge, backed by private equity fund Stonepeak Partners, operates 24 data centres across Asia, including Malaysia. (Digital Edge pic) BANGKOK : Thai power producer Power Pcl and Digital Edge DC will jointly invest about US$1 billion in a Thailand data centre as demand rises for artificial intelligence (AI), cloud computing and other digital services across Southeast Asia. The data centre, which will have a capacity of 100MW, is expected to begin commercial operations in the fourth quarter of 2026, Power's CEO Harald Link and Digital Edge CEO John Freeman said during a joint press briefing today. It will be located in eastern Chon Buri province, about 100km from Bangkok. ' Power is studying a plan to invest at least US$1.6 billion more in additional data centre projects with a total capacity of about 200MW,' said Usa Nuetap, the company's head for data centre development. Thailand has secured billions of dollars in investment commitments from global tech giants such as Inc, Alphabet Inc, ByteDance Ltd and Alibaba Group Holding Ltd to build data centres and cloud services. Prime Minister Paetongtarn Shinawatra's government is offering tax and other incentives to lure investments in data centres as it seeks to establish the country as a hub for AI infrastructure. 'Thailand stands out as one of Asia's most compelling markets for digital growth with surging demand for AI and machine learning,' Freeman said. 'Thailand's promotion of renewable energy also makes it appealing for the data centre investment,' he said. Digital Edge, backed by private equity fund Stonepeak Partners, operates 24 data centres across India, Indonesia, Japan, Malaysia, the Philippines and South Korea, according to the company.
Malaysian Reserve
09-06-2025
- Business
- Malaysian Reserve
Yinson continues to surge on takeover report, CIMB Sec maintain RM2.93 target price
OIL-AND-GAS services firm Yinson Holdings Bhd continued to surge in early trading today after potential buyout talks. At 9.30am today, the counter was up 6 sen or 2.6% to RM2.40, with 5.6 million shares exchanging hands. On June 6, Bloomberg reported that US-based Stonepeak Partners was in exclusive talks with the Lim family, led by Lim Han Weng, which holds a 26.6% stake in Yinson, to take the company private, in a deal that could value the group at up to RM9 billion (US$2.1 billion). In a report today, CIMB Securities noted that the New York-based infrastructure investment firm Stonepeak Partners was reported to be in exclusive talks to acquire Yinson. It said the valuation equated to RM3.23 per share based on 2,784 million existing shares in Yinson, and represents a 38.0% premium over the last closing price of RM2.34 and a 10.2% premium to its target price of RM2.93. If the report is accurate, this could potentially lead to a privatisation offer for the remaining Yinson shares, it added. 'In our view, the exclusivity arrangement indicates that the deal has entered advanced stages of negotiation, with the Lim family — Yinson's founder — holding a 26.6% stake. 'Stonepeak's investment focus appears aligned with Yinson's strategic direction. Yinson fits Stonepeak's preference for infrastructure-based, cash-generating assets with long-term contracts. This deal would also help Stonepeak increase its exposure in Asia Pacific energy infrastructure, where Yinson has already established a solid and growing footprint,' CIMB Securities said in the report. –TMR
