Goldman Sachs and the Abu Dhabi Investment Authority (ADIA) have invested in Froneri, the owner of Haagen-Dazs, in a transaction that values the ice cream company at approximately €15 billion ($17.6 billion), including debt. Froneri, a 50:50 joint venture between PAI Partners and Nestlé, will see a subsidiary of ADIA become a significant minority co-investor,...
Global equity funds drew $49.2 billion in net inflows in the week through October 1, marking the strongest demand since November 2024. U.S. equity funds led the surge with $36.4 billion, the largest weekly net purchase in nearly 11 months, while European and Asian funds attracted $7.4 billion and $3.9 billion, respectively. Sectoral flows were...
OpenAI, the creator of ChatGPT, has reached a $500 billion valuation, following a secondary share sale of approximately $6.6 billion by current and former employees. This marks a significant increase from its prior $300 billion valuation, reflecting rapid growth in users and revenue. The transaction involved top-tier investors, including SoftBank, Thrive Capital, Dragoneer Investment Group,...
Brazilian cryptocurrency company OranjeBTC is set to begin trading on the B3 stock exchange next week, marking a new step in the country’s growing crypto adoption. The firm aims to expand its bitcoin treasury and educate investors on the digital asset market through its proprietary learning platform. The company is backed by high-profile investors including...
The private credit and private equity boom in Asia is poised for a cycle test, with liquidity and exit challenges looming in public markets across the region. Buyout activity reached $138 billion in 2024, marking the second-best year in a decade, while private credit AUM has surged six-fold since 2014 to ~$93 billion. Yet, as...
Global investment firm KKR has acquired a minority stake in the entity leasing Abu Dhabi National Oil Company’s (ADNOC) gas pipeline assets, marking a continued expansion of its Gulf infrastructure portfolio. Financial terms were not disclosed. The investment, structured through KKR’s managed accounts, aligns with long-duration capital strategies. ADNOC retains full ownership and operational control...