AVID Property Group, backed by a global sovereign wealth fund and a global financial sponsor, displaced Warburg Pincus as the frontrunner for Ingenia after tabling a higher cash proposal. Source: PE Insights · Summarized by HeadlinesBriefing Related articlesTuchel frustrated by 'freestyling' as NZ boss says England 'need to be better'Beake, GM of Broncos' back-to-back Super Bowl teams, dies at 87Botched final play sees Luka hesitate, LeBron missApax to take full control of Odido as Warburg Pincus exits Dutch telecoms partnershipEngland booed off after limp Japan defeatMore from PE InsightsApollo takes minority stake in Mubadala CapitalKKR co-founders Roberts and Kravis back Pitchwise stake in Valencia CFGoldman Sachs Alternatives to buy majority of Inflexion's testing group CelnorFund Friday: Top fundraising news in private equityAra Partners closes debut energy fund at $2.5bnLatest in Private MarketsSheridan Closes Fund IV at $1.1 Billion · Healthcare InvestorTown Lane closes second fund at $1.9bn hard-cap · Real Estate InvestorThe Pipeline: Blackstone on data centre pushback, EU probes KKR deal, IFM’s £10bn UK ports deal · Infrastructure InvestorWhen Traction Becomes Personal Exposure: What The Joonko Guilty Plea Means For Founders · Crunchbase NewsCalifornia Startups Have Raised More So Far In 2026 Than The Entire US Ever Has In A Single Year · Crunchbase NewsRelated briefingsMarkets 24-Hour BriefingMarkets 8-Hour BriefingHomePrivate MarketsAVID outbids Warburg Pincus for Ingenia with sponsor-backed proposalSectionsHomePublic MarketsPrivate MarketsTech & GamesMobileDeveloperF1Sports