The vehicle, Blackstone Europe Real Estate Partners VII, is the largest external capital pool the firm has ever raised for European property and slightly exceeds its previous record. The fundraising spanned two years, during a period marked by falling asset valuations and rising interest rates that brought an end to a decade of ultra-cheap capital. The transaction, announced amid a slowdown in global dealmaking, highlights sustained investor confidence in high-growth, sector-leading software assets. Technology investor Hg, already a shareholder in IFS, will increase its stake and become a co-controlling shareholder alongside EQT. TA Associates will remain an investor in the business. Read more here.KKR is close to acquiring consumer healthcare group Karo Healthcare in a deal valued at more than '2.5bn, as the firm expands its exposure to resilient, cash-generating consumer health assets. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through...
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