Browsing Tag
Morgan Stanley
123 posts
Morgan Stanley private credit fund again gets withdrawal requests above its 5% limit
Investors requested withdrawals equal to 11.4% of Morgan Stanley’s North Haven Private Income Fund in its latest tender, more than twice the 5% of units the fund plans to repurchase, although a large share of requests came from investors whose earlier exits were only partly fulfilled.
CoreWeave launches another $3bn convertible as $104bn backlog demands more capital
CoreWeave has launched a $3 billion convertible-note offering and a separate programme covering as many as 35 million shares as the AI cloud provider races to finance infrastructure supporting a $104 billion revenue backlog and rapidly expanding contracted power capacity.
Oura files Nasdaq IPO as $11bn valuation meets profit surge
Oura has filed for a Nasdaq IPO after nine-month revenue jumped 74% to $1.21 billion and net income reached $60.8 million. The smart-ring company has 5 million paying members and membership gross margins of 89%, but hardware still produces 80% of revenue. Its public-market test is whether investors value Oura as a consumer-device maker or a recurring health-intelligence platform.
USI nearly tripled revenue under KKR, but Aon is paying 14.5 times synergised EBITDA for the next stage
Aon is paying $17 billion for privately held USI Insurance Services only two years after its $13 billion NFP acquisition. The transaction gives KKR a sixfold return on its original 2017 equity, but Aon’s 9.5% share-price fall shows investors are focusing just as closely on leverage, a 14.5-times synergised EBITDA multiple and the cost of integrating another major insurance brokerage.
Bamboo Insurance has $879m of managed premium, but its IPO comes with a $548m debt question
CVC-backed Bamboo Insurance Services has filed for a New York Stock Exchange listing after managed premium approached $879 million and first-half revenue grew 40%. The capital-light insurance model is producing strong adjusted margins, but a $548 million term loan, declining GAAP profit and catastrophe exposure will make the eventual IPO price critical.
One year after IPO: Accelerant (NYSE: ARX) agrees to $4bn Thoma Bravo take-private
Thoma Bravo's $20.25 per share offer values Accelerant Holdings at over $4bn, ending the specialty insurance platform's year on the NYSE at a 49% premium.
Riot Platforms’ $9.1bn AI lease puts $2.3bn Rockdale buildout to the test
Riot’s $9.1 billion AI lease could generate up to $8.2 billion of NOI, but a $2.3 billion buildout makes financing and execution the real $RIOT test.
Prologis agrees £14.3bn SEGRO takeover in largest 2026 UK REIT deal
Prologis will pay up to £14.3 billion for SEGRO, but H1 2027 closing hinges on shareholder votes, regulatory clearances and a fresh $2.1bn equity raise.
Brink’s advances $6.6bn NCR Atleos deal as service margins expand
Brink’s margins improved as its $6.6 billion NCR Atleos deal moved closer, bringing major ATM scale alongside debt and integration risk.
ITV plc (LSE: ITV) slips as buyback starts and Q3 ad slowdown looms
ITV has begun its £100m buyback, but weaker Q3 ads and the Sky review keep its £950m shareholder return dependent on execution.