Brookfield, Warburg Pincus Lead $43.3 Billion July Surge in Private Equity Deals

Brookfield Asset Management (NYSE: BAM ) and Warburg Pincus led July’s biggest private equity deals, helping drive global private equity and venture capital deal value to $43.31 billion, up for a second straight month, according to S&P Global Market Intelligence. • Brookfield Asset Mgmt stock is showing exceptional strength. Why are BAM shares rallying? Brookfield agreed to acquire battery storage developer Aypa Power from Blackstone Energy Transition Partners for $7 billion, while Warburg Pincus led a $7 billion deal to acquire a controlling stake in specialty pharmacy operator Pantherx Specialty from Nautic Partners, General Atlantic and The Vistria Group. The two transactions were among 11 deals worth at least $1 billion announced globally in July, as investors increasingly focused on larger transactions, the S&P report noted. Brookfield also participated in another major deal, agr...