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EXPLAINED: Ardian | Vintage Vibes

French consortium to bid for EU's AI datacentre fund

A French consortium named AION plans to build a massive data centre costing ten billion euros. This initiative aims to enhance Europe's artificial intelligence capabilities. The project seeks funding from the European Union's new twenty billion euro fund. Iliad is ready to invest four billion euros. The data centre will…

The Economic Times

The insolvency of Ardian-backed mountain biking startup YT Industries underscores just how much tariffs have shaken the biking industry

An industry hot in private equity is becoming less and less so amid supply chain disasters and tariffs.

Fortune

Taylor Swift fans help push Heathrow passenger numbers to record high

London concerts drive travellers to airport, which may reinstate dividend for first time in four years

The Guardian - UK

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Abu Dhabi sovereign wealth fund Mubadala said to consider buying Heathrow stake

If Mubadala buys into Heathrow, it would become the airport’s third Gulf state-backed shareholder alongside PIF and the Qatar Investment Authority

Evening Standard

Saudi Arabia dives deeper into Western assets as it looks set to become the majority owner of the U.K.’s busiest airport in a $12bn deal

The Sunday Times of London reports that the PIF could take a 60% share in Heathrow Airport alongside private equity group Ardian.

Fortune

Saudi Arabia could take ‘effective majority control’ of London Heathrow

Investors may sell shares to oil-rich state’s Public Investment Fund, which already owns a stake, report says

The Guardian - UK

Saudi Wealth Fund Scoops Up 10% Of London Heathrow Airport

Saudi Arabia's sovereign wealth fund is to buy ten percent of London's Heathrow airport from Spanish infrastructure giant Ferrovial, whose departure from the hub after almost two decades leaves Qatar as its biggest shareholder.

International Business Times

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Saudi Arabia’s wealth fund takes 10% stake in Heathrow airport

Spanish firm Ferrovial sells off holding after 17 years, with other 15% going to French group Ardian

The Guardian - UK

Saudi wealth fund to buy 10% Heathrow stake for almost £1bn

The Saudi Public Investment Fund said it would “support the business as a long-term partner.”

Evening Standard

Pro AV Newsmakers: d&b Group Acquired, Strategic Appointments, and Partnerships

AtlasIED, Fulcrom Immersive, Visionary and the d&b Group had a busy beginning to July.

AVNetwork

PIF Invests in Egypt, Has Eyes on Heathrow

The Saudi Egyptian Investment Co., a newly launched investment firm of the Kingdom’s Public Investment Fund, has agreed to buy 25 percent shares of Misr Fertilizer Production Co., Egyptian sources said Tuesday. Meanwhile, Spain's Ferrovial is looking at options for its 25% stake in London's Heathrow, two sources told Reuters,…

Asharq Al-Awsat

Selling to yourself: the private equity groups that buy companies they own

Private equity groups are increasingly buying companies that they already own. But critics point to conflicts of interest within these deals that allow managers to reap great financial rewards

Financial Times

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