Strong Buyout Fund Returns Drive Private Equity Stocks Higher
Over the past decade, as private equity firms like Blackstone, KKR and Carlyle Group have grown into a gargantuan size and raised buyout funds nearing or eclipsing $20 billion, one critique of their cash gusher was that it would inevitably drive fund returns lower. Now, as the U.S. economy emerges from the Coronavirus pandemic and […]
Britain probes publisher Penguin’s $2.2 billion Simon & Schuster deal
Britain’s competition watchdog is investigating whether Penguin Random House’s $2.2 billion takeover of Simon & Schuster may hurt competition, amid concerns that the deal could disadvantage writers and damage the publishing industry. The deal is the second major move by Bertelsmann Chief Executive Thomas Rabe to expand the 185-year-old publisher after it took full control […]
Goldman Sachs sharpens push to win Asia SPAC market share
Goldman Sachs is aiming to snare a bigger share of the booming number of Special Purpose Acquisition Company (SPAC) deals in Asia by having senior bankers specifically target these blank cheque transactions across the region. Hong Kong-based Raghav Maliah, the global vice chairman of Goldman Sachs’ investment banking division, leads the initiative together with Vikram […]
Jet leasing shake-up looms as AerCap and GE unit discuss tie-up
Aircraft leasing is poised for its biggest shake-up in almost a decade as its top two players, AerCap Holdings and General Electric Co’s GECAS, discuss a deal to forge an industry titan with more than 2,000 jets, people familiar with the matter said on Monday. The Wall Street Journal, which first reported the possible deal, […]
AMP shares surge on Ares bid to buy 60% of unit’s private markets business
U.S.-based Ares Management plans to buy 60% of the private markets business of AMP Ltd’s asset management arm for A$1.35 billion ($1.06 billion), the pair said on Friday, weeks after scrapping a bid for all of the Australian company. AMP shares on Friday surged 6.5%, far outperforming its peers and a broader market deep in […]
Nordic Capital-backed Cint lists successfully on Nasdaq Stockholm
Nordic Capital has expanded its tech and payments track record, with the highly successful IPO of Cint Group AB (publ) (Cint). Cint, a global software leader in digital insights gathering, today announced the outcome of the initial public offering of its shares on Nasdaq Stockholm. The offering was substantially over-subscribed, attracting very strong interest from […]
China’s private capital funds must invest, Intertrust Group says
China’s private capital funds must invest to meet investors’ increasing demands for transparency, Intertrust Group says. Intertrust Group, a world leader in providing specialised administration services to clients in over 30 jurisdictions, estimates that around USD5.5 billion will need to be spent by the world’s private capital funds industry to meet these increasing demands over […]
India’s top court bars final tribunal ruling on Future’s $3.4 billion deal
India’s Supreme Court barred on Monday a final ruling by a tribunal reviewing Future Group’s $3.4 billion sale of retail assets until the top court hears objections from aggrieved partner Amazon.com Inc. The outcome of the tussle involving two of the world’s richest men, Amazon’s Jeff Bezos and Reliance’s Mukesh Ambani, could reshape India’s pandemic-hit […]
Democrats’ Bill Targets Private Equity, Hedge Fund Tax Break
Three House Democrats are pushing legislation that would repeal the carried-interest tax break used by fund managers to reduce the levies they owe to the Internal Revenue Service. The bill would close the carried-interest tax break and require many hedge-fund and private-equity managers to pay higher ordinary income-tax rates, rather than the lower rates on […]
Reddit-led market turmoil hits big quant hedge funds
Two Sigma Investments and DE Shaw, two of the biggest names in the hedge fund industry, have posted losses after an army of retail investors on Reddit upended markets. The co-ordinated short squeeze that sent the price of GameStop and other lowly priced stocks rocketing in late January has shaken many hedge funds by hitting […]
