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Nippon Life Insurance Co. is set to acquire Resolution Life Group Holdings for $8.2 billion, marking the largest acquisition by a Japanese insurer. The deal will involve purchasing shares from various holders, including Blackstone Inc., with plans to complete the transaction by the second half of 2025.
Apollo Global Management Inc. and Workday Inc. have been added to the S&P 500 index following the latest quarterly rebalancing. They will replace Qorvo Inc. and Amentum Holdings Inc., with the changes taking effect before the market opens on December 23.
Westaim Corporation has appointed CRO Skurbe, who is currently a senior managing director and the chief operating officer and CFO of CC Capital. Skurbe previously held the position of managing director in finance and treasurer at Blackstone, where he also served as COO for Blackstone Liquidity Solutions and was a member of the Valuation and Enterprise Risk Committees.
Private credit lenders are gearing up for a significant increase in transaction sizes and a surge in mergers and acquisitions next year. Executives from Blackstone Inc. and Blue Owl Capital Inc. emphasize the importance of achieving scale and providing diverse credit solutions to clients. Michael Zawadski, Blackstone's global chief investment officer, highlighted this focus during Bloomberg Intelligence’s 2025 credit outlook conference.
The NFL's recent move to allow private equity firms to acquire up to 10% of its franchises has generated significant interest, with expectations of $12 billion in transactions over the next five years. Despite the small size of the NFL relative to the broader $308 billion private equity market, the league's franchises, averaging $6.5 billion in value, are seen as valuable media assets, driving up investor enthusiasm. With franchise valuations soaring 610% from 2004 to 2022, opportunities for investment are expected to grow, particularly as many owners consider selling portions of their stakes.
Aster DM Healthcare and Quality Care India Limited are merging to form Aster DM Quality Care Limited, creating a network of 38 hospitals across India. Aster DM shareholders will hold a 57.3% stake, while the combined entity aims to enhance patient care and expand its capacity by adding 3,500 new beds by FY27. The merger positions the new entity as one of the top three hospital chains in the country, with a focus on substantial revenue growth and innovation in healthcare services.
Ipsos is preparing a binding offer to acquire Kantar's TV audience data business. Qatar's sovereign wealth fund has purchased a significant minority stake in Audi's Formula 1 team, while Aster DM Healthcare will merge with Quality Care India. Other notable deals include TI Fluid's £1.04 billion takeover by ABC Technologies and Fortress Investment Group's acquisition of Loungers for £350.5 million.
Blackstone has completed a significant merger in India's healthcare sector, combining its portfolio firm Quality Care India Ltd with Aster DM Healthcare, resulting in a new entity valued at approximately $5 billion. With a 30.7% stake, Blackstone becomes the largest shareholder in Aster DM Quality Care Limited, which will operate 38 hospitals and 10,150 beds across 27 cities, positioning it among India's top three hospital chains. Ganesh Mani, Blackstone's senior managing director, expressed the firm's intent to explore further inorganic growth opportunities nationwide, aiming to exceed 13,000 beds in just over two years.
Aster DM Healthcare and Quality Care India Limited are merging to form Aster DM Quality Care Limited, positioning themselves among India's top three hospital chains. The merger, approved by both boards, will create a network of 38 hospitals with over 10,150 beds across 27 cities, enhancing patient care and operational efficiency. The new entity aims to address bed shortages in underserved regions and is expected to drive significant revenue growth and expansion opportunities.
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