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Bonderman family office Wildcat pushes for Consolidated Communications to reject offer; Apollo spearheads $1bn-plus Apogem secondary

Morning Hubsters!

M&A battle

There’s another M&A fight brewing.

Wildcat Capital, the family office for TPG co-founder David Bonderman, is pushing for Consolidated Communications Holdings to reject a $2.9 billion takeover offer from Searchlight Capital and British Columbia Investment Management Corp. Read more here.

Exit

Edison Partners sold digital customer education business Northpass to Vista Equity-backed Gainsight.

Big deal

Apollo’s Sponsor and Secondary Solutions platform, known as S3, was lead investor in a large continuation fund deal for around 50 co-investments out of older GoldPoint Partners funds. Apogem Capital, which comprises GoldPoint, PA Capital and Madison Capital, ran the deal on GoldPoint Co-Investment Funds V and VI. Total net asset value of the deal, which closed recently, was around $1.2 billion. Read more here on Buyouts.

That’s it for me. Have a great rest of the day. Reach me with tips n’ gossip, feedback or book recommendations (I just finished The Portrait of a Lady … magnificent!) at cwitkowsky@buyoutsinsider.com or find me on LinkedIn.

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

Spring Lane Capital, led by ex-Black Coral Capital principals, completed fundraising for a second sustainability-focused offering. (Buyouts)

Illiquidity has traditionally proven a significant barrier to entry for wealthy individuals hoping to access the private markets at any meaningful scale. Union Bancaire Privée believes it has found a solution. (Private Equity International)

Cibus moves into greenhouses as the wheels come off vertical farming. The manager has set its sights on building out up to 150ha of strategically located greenhouses across Europe that will repurpose waste heat, energy and CO2. (Agri Investor)

It isn’t perhaps the most obvious of pairings: the former CEO of Italian utility giant Enel, who is arguably one of Europe’s energy transition pioneers, and EQT, which has €119 billion in AUM across the world but not a particularly strong energy profile. However, Francesco Starace sees his entry into private infrastructure as a natural one following on from Enel, he tells Infrastructure Investor.

GP stakes firm Hunter Point Capital is looking for managers that are at an inflection point for growth. (Private Equity International)

Industry Ventures has beaten the initial target for its latest flagship secondaries fund and appears to have also increased the total amount of capital it is seeking. (Secondaries Investor)

Impact investors will increasingly be required to have their impact verified by a third party, according to Abrielle Rosenthal, chief sustainability officer and managing director at TowerBrook. (New Private Markets)

Japan’s GPIF, the world’s largest pension fund, has made its first direct commitment to a private equity real estate fund by investing in Blackstone’s latest flagship. (Private Equity Real Estate)

Marathon Asset Management held a final close of its third asset-based lending fund on $1.7 billion, exceeding its target of $1.25 billion. (Private Debt Investor)