Investcorp closes deal with Corsair; PGA Tour in talks w ith Fenway, Mets’ Steve Cohe n, RedBird’s Gerry Cardinale

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Investcorp closes deal with Corsair; PGA Tour in talks with Fenway, Mets’ Steve Cohen, RedBird’s Gerry Cardinale

Good morning, Hubsters. MK Flynn here with the Wire.

Holiday shopping always shines a spotlight on the retail sector at this time of year, and now a potential big deal takes retail center stage.

I’m curious to hear what the board of Macy’s makes of the reported $5.8 billion bid from an investor group led by Arkhouse Management and Brigade Capital. We’ll stay tuned to that one.

Switching sectors, there’s big news in infrastructure investing from Investcorp and Corsair. We’ve got the details on that, below.

And in sports, the PGA Tour is advancing talks with an investor group.

Planes, trains and automobiles

In the US, infrastructure investing continues to rise in prominence since the passage of the $1 trillion Infrastructure Investment and Jobs Act two years ago.

Earlier this morning, Investcorp said it has completed the acquisition of a 50 percent stake in Corsair’s global infrastructure business and has established Investcorp Corsair Infrastructure Partners.

Subscribers to the premium version of the Wire will find more details on the partnership, including high-profile projects.

Tee time

Investing in sports continues to heat up, as PE Hub has been reporting recently. NFL ownership rules could pave the way for more deals.

A golf deal is also getting a lot of attention today.

To find out more about that, upgrade to the premium version of the Wire.

That’s all for today. I’ll be back with more tomorrow, and Chris Witkowsky will write to you on Wednesday, Craig McGlashan on Thursday and Obey Martin Manayiti on Friday.

Happy dealmaking,

MK

Read the full wire commentary on PE Hub ...

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