FinTech Acquisition Corp. IV Announces Stockholders Approve Business Combination With Perella Weinberg Partners

FinTech Acquisition Corp. IV (“FinTech IV” or “FTIV”), a special purpose acquisition company, announced that in a special meeting held today, its stockholders voted to approve the previously announced proposed business combination (the “Business Combination”) with Perella Weinberg Partners (“PWP”), a leading global independent advisory firm. Approximately 99.9% of the votes cast at the meeting, […]

Bridge Industrial and PSP Investments Form Joint Venture for UK Logistics Investment

Bridge Industrial (“Bridge”) and the Public Sector Pension Investment Board (“PSP Investments”) today announced the establishment of a joint venture to acquire and develop logistics properties in the United Kingdom, targeting a portfolio value of £1 billion ($1.4 billion USD). The venture has a build-to-core focus, including the acquisition and development of last-mile logistics assets […]

WeWork merges with SPAC in going public

The co-working and flexible space provider WeWork has entered into a definitive merger agreement with the special purpose acquisition company (SPAC) BowX in order to become a publicly listed company. The deal values WeWork at an initial enterprise value of approximately $9bn and the transaction will provide the company with $1.3 billion in cash to fund its […]

EToro Said to Near $10 Billion Merger With Betsy Cohen SPAC

Trading platform eToro, a rival to Robinhood Markets Inc., plans to go public via a merger with a blank-check firm led by serial deal-maker Betsy Cohen, according to people with knowledge of the matter. The deal with FinTech Acquisition Corp. V will value the combined company at about $10 billion, the people said, asking not […]

GE nears deal to sell air leasing unit to AerCap for more than $30bn

General Electric is nearing a deal to sell its aircraft leasing business to Irish group AerCap for more than $30bn, the latest move by the US industrial group to restructure its business, said people briefed about the matter. A deal, which would combine GE Capital Aviation Services (Gecas) with leasing company AerCap, could be announced […]

Ford, Mahindra call off auto joint venture

(Reuters) -Ford Motor Co said on Thursday it was calling off its automotive joint venture with India’s Mahindra and Mahindra Ltd due to the challenges caused by the COVID-19 pandemic. The companies said in separate statements that the decision was driven by changes in the global economy over the last 15 months, causing both to […]

Former Viacom shareholders can sue Shari Redstone over ViacomCBS merger

(Reuters) – A Delaware judge ruled this week that former Viacom shareholders may pursue a lawsuit accusing Shari Redstone of engineering a “patently unfair” merger that created ViacomCBS Inc so she could become a media magnate like her late father, Sumner Redstone. Vice Chancellor Joseph Slights of the Delaware Chancery Court said it was reasonable […]

The Priory goes Private (Equity): UK rehab clinics sold in £1bn deal

The Priory Group, operators of the UK’s best-known rehab clinics, has been bought by private equity outfit Waterland. Acadia, the American owners of the Group, confirmed the offload before US markets opened. It will merge the two businesses and create what Waterland say will be “Europe’s leading rehabilitation and mental health services providers” The deal […]

Blackstone in talks with private jet group Signature Aviation over £3bn deal

Blackstone is in talks with Signature Aviation about a possible takeover bid that would value the UK private jet company’s equity at more than £3bn, with the buyout group seeing an opportunity after its share price tumbled during the pandemic. The US private equity firm’s offer of $5.17 per Signature share is equivalent to £3.83, […]