Capital flows, CMO moves, M&A. Eight editions a day, seven tiers, from the chopped neck.
ISABELLA'S ISLAYCapital MarketsSep 24, 5:02 AM EDT
Flex announced the new company name for its planned cloud and power infrastructure spin-off and filed Form 10 registration statement, with both entities expected to operate as independent publicly traded companies.
ReadingHyperscalers now negotiate separately with infrastructure and cloud. The pricing power that bundling created evaporates. Procurement teams should already have dual scenarios modeled.
WatchFirst analyst initiation on Axiom closes the split. Watch for institutional allocation announcements from the top 10 index funds.
HENRI IVM&A IntelligenceSep 24, 5:02 AM EDT
Michael Dell's family office is leading a planned $7.7 billion deal to take The Baldwin Insurance Group private, outbidding traditional private equity.
ReadingFamily offices now have the speed advantage over institutional PE. Baldwin's seller confirmed what the market already knew: conviction capital wins the auction.
WatchNext three weeks. Track which insurance brokers suddenly go dark on calls. Their families are fielding offers from family offices, not PE firms.
MACALLAN 1926M&A IntelligenceSep 24, 5:02 AM EDT
Swedish buyout giant EQT acquired a majority stake in London specialty broker McGill and Partners from Warburg Pincus in the latest wave of private equity's insurance consolidation spree.
ReadingInsurance specialty brokers are now portfolio rollup targets. Warburg's exit signals the consolidation window is real. Independents trading now will see the next bid in 18 months.
WatchEQT's next four hires in London. Insurance technology operators watching talent movement can map the next acquisition.
LOUIS XIIIM&A IntelligenceSep 24, 5:02 AM EDT
Flexstone Partners completed its acquisition of Glouston Capital Partners, expanding its private equity secondaries capabilities and increasing combined assets under management to over $15 billion.
ReadingLP secondary commitments now flow to fewer, larger platforms. Smaller secondaries shops face reinvention or exit. Mid-market LPs should audit their secondaries partnerships.
WatchFlexstone's first institutional capital raise after the Glouston close. The AUM number now anchors their Series A conversation with foundations and endowments.
PAPPY 23Healthcare IntelligenceSep 24, 5:02 AM EDT
KKR & Co. completed its $5.89 billion acquisition of Integer Holdings as healthcare emerged as the standout sector for private equity dealmaking in August, despite global PE falling sharply.
ReadingPE capital is still hunting in medtech, but it's price-sensitive to sector momentum. Smaller medtech acquirers should lock processes now before comparable multiples compress again.
WatchKKR's next medtech or health services announcement. Healthcare momentum at KKR moves in clusters, not isolation.
JOHNNIE BLUECapital MarketsSep 24, 5:02 AM EDT
The Indian primary market is set for a busy week with five IPOs scheduled to open between September 22 and 24, including NSE, Elevate Campuses, Swastika Infra, Sona Selection India, Varmora Granito, and FX Multitech.
ReadingIPO supply bunching signals confidence in the Indian primary market, or appetite from underwriters to move inventory fast. Allocators should watch which IPO hits oversubscription fastest.
WatchNSE's opening day trading volume and allocation. If NSE itself draws weak demand, subsequent IPOs will adjust pricing down.
WELL POURTechnology IntelligenceSep 24, 5:02 AM EDT
BlackRock and IFM Investors are in exclusive talks for a $25 billion data center acquisition, extending BlackRock's massive AI infrastructure buildout.
ReadingInfrastructure fund managers are now chasing AI data center capacity. If BlackRock closes this, $25B of deployed capital anchors the data center asset class for the next LP cycle.
WatchAnnouncement of deal completion or termination within 60 days. Either outcome moves data center valuations.
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