Takeover battle looms for Hipgnosis as Blackstone makes bid Music A takeover battle has begun brewing for Hipgnosis Songs Fund, after Blackstone revealed today it would be making a rival bid.
Hipgnosis would back Blackstone bid if it makes firm offer as bidding war heats up Music The board of Hipgnosis has said it would recommend a bid from private equity giant Blackstone to its shareholders if the company makes a firm offer.
Hipgnosis: “Minded” to go with Blackstone in takeover battle if £1.2bn bid firms up Hipgnosis Concord had valued Hipgnosis Song Fund at $1.4bn (£1.1bn) in its bid last week, but Blackstone floated an offer seven per cent higher.
Blackstone boss Steve Schwarzman to speak at London investment summit October 30, 2023 Blackstone's top honcho, Steve Schwarzman, is reportedly set to take the stage at the UK government's Global Investment Summit.
Rathbones cashes in on Hipgnosis bidding war as it sells almost entire stake May 7, 2024 A major shareholder has sold almost its entire stake in Hipgnosis Songs Fund after its shares spiked following a bidding war.
Hipgnosis bidding battle hots up as Concord pips Blackstone bid April 25, 2024 This comes after Blackstone the board of Hipgnosis had said it would be “minded” to switch horses in a takeover battle should a firm offer from US private equity giant Blackstone arrive, over the weekend.
Brookfield reportedly tears up £4bn Center Parcs sale over investor jitters November 17, 2023 The proposed £4bn sale of Center Parcs has reportedly been scrapped by owner Brookfield amid weak investor confidence.
Blackstone abandons plans to offload former FCA HQ in latest blow for Canary Wharf February 14, 2024 Private equity firm Blackstone has abandoned plans to sell a 15-storey building in Canary Wharf in the latest signal that confidence in the east London financial district is dwindling.
Center Parcs: £4bn deal back in spotlight as frontrunners for British resorts firm bail July 5, 2023 The £4bn deal to buy British holiday resorts firm Center Parcs is back in the spotlight after two frontrunners for sale have reportedly dropped out of the race. Its Canadian owners, Brookfield, put the six strong holiday village up for sale in May, with the sale sparking interest from a flurry of private investment firms [...]
Blackstone close to £700m deal for commercial landlord Industrials REIT April 3, 2023 US private equity giant Blackstone is close to a £700m take-private deal with London-listed landlord Industrials REIT as it ramps up its bargain-hunt on UK property firms.