(Bloomberg) A consortium of private equity firms reached an agreement to buy medical supply company Medline Industries Inc. in what would be one of the biggest leveraged buyouts of all time.The group, comprising Blackstone Group Inc., Carlyle Group Inc. and Hellman & Friedman, will take a majority stake in Medline. Singapore’s GIC Pte will also invest as part of the partnership, the consortium said in a statement Saturday.The transaction is valued at more than $30 billion, according to people
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CALGARY After previous failed attempts, Pembina Pipeline Corp. has a deal in place to buy rival Inter Pipeline Ltd. that tops a hostile bid from Brookfield Infrastructure Partners.
“I’ve been thinking about this for 10 years. This is my third try,” Pembina president and CEO Mick Dilger said on a Tuesday conference call announcing the all-share deal, which values Calgary-based Inter Pipeline’s equity at $8.3 billion. Dilger said he last attempted to buy Inter Pipeline roughly eight years ago but wasn’t successful. This attempt, he said, is “third time lucky.”
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Invesco is separately leading a $40 million financing round for Mynd. Bloomberg | Jun 01, 2021
(Bloomberg) Funds managed by Invesco Real Estate are backing Mynd Management to spend as much as $5 billion, including debt, purchasing about 20,000 single-family rental homes in the U.S. in the next three years.
The partnership marks a “significant moment” for the single-family rental industry, Doug Brien, chief executive officer and co-founder of Mynd, said in an interview. More than half of the country’s multifamily properties are owned by institutional investors compared with an estimated ownership of 2% to 3% of single-family rentals, a gap that he expects to narrow in time.
By Chris Wack GrafTech International Ltd. said an affiliate of Brookfield Asset Management Inc. and Brookfield Business Partners LP, members of the Brookfield consortium that has an existing ownership interest in GrafTech, intends to offer 20 million shares of GrafTech common stock in an underwritten secondary offering. The company said the selling stockholder will receive all of the proceeds from the offering. GrafTech isn t offering any shares of common stock in the offering. The underwriter will offer the shares from time to time for sale through negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.
UPDATE 1-Enbridge, Fluxys, EIG bid for Brazil s top natgas import pipeline, sources say Reuters 9 hrs ago
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By Gram Slattery, Sabrina Valle and Carolina Mandl
RIO DE JANEIRO, May 21 (Reuters) - A consortium of Canada s Enbridge, Belgium s Fluxys and U.S. private equity firm EIG Global Energy Partners has submitted a non-binding offer for Brazil s largest natural gas import pipeline, three people with knowledge of the matter told Reuters this week.
Petroleo Brasileiro SA, as Brazil s state-run oil company is formally known, put its stakes in the 2,593-kilometer (1,611-mile) TBG pipeline, which imports gas from Bolivia, and the far southern TSB pipeline up for sale in December. Non-binding offers were due by late April.