Bill Ackman’s Pershing Square hedge fund reports record 2020 returns
Activist hedge fund manager William Ackman, whose bets on companies are closely watched, updated investors on how his flagship fund earned a record 70.2% return in 2020 on Thursday in a socially distanced way by sending out a 57-page presentation. Normally this would be one of the rare occasions where investors could pepper the billionaire […]
IBM Looking To Sell Watson Health Business Unit
IBM is looking to sell its IBM Watson Health business, the Wall Street Journal has learnt. The technology giant is looking at different alternatives that include a sale to a private equity firm, another industry player, or a merger “with a blank-check company,” according to the report. IBM’s (IBM) Watson Health business employs artificial intelligence (AI) […]
H.I.G. Capital Acquires Residential Assets in Lisbon
H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with $43 billion of equity capital under management, announced today that one of its affiliates has recently completed the acquisition through multiple transactions of three residential buildings located within central Lisbon. H.I.G. continues to add to its sizeable holdings of real estate assets across Europe, […]
Asda welcomes new owners with lacklustre figures
The new owners of Asda have been urged to overhaul the supermarket’s strategy after its performance over the Christmas period lagged behind its rivals. The Issa brothers and TDR Capital, their private equity partner, completed their £6.8 billion takeover of Asda this week after financing their buyout with the biggest sterling junk bond on record, […]
Compello Partners Announces its Expanded Private Equity Advisory Firm
Trusted private equity advisor Rich Ferraro today announces the growth of Compello Partners, a private equity technology, operations, and security advisory firm serving world-class private equity clients and their portfolio companies. The name “Compello” means “to bring together”—and with myriad resources and ample expertise to offer clients, Compello Partners is positioned for an even larger impact. For […]
Eurazeo sells part of iM Global Partner stake to IK Investment Partners and Luxempart
Eurazeo has sold part of its stake in iM Global Partner to IK Investment Partners and Luxempart, subject to the approval of the French Autorité des Marchés Financiers and the Commission de Surveillance du Secteur Financier. This comes after iM Global Partner, a global network dedicated to asset management, increased its assets under management by […]
Oakley Capital invests in Dexters
Oakley Capital, a mid-market private equity firm, has invested in major estate agency chain Dexters. Staff were informed yesterday afternoon. A City Trading statement was issued this morning. There was speculation at one stage yesterday that Dexters had been sold, but this is not the case. Sources have said that Oakley Capital are planning to […]
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 […]
Nestle to sell bottled-water brands to PE firm in $4.3 billion
Nestle SA agreed to sell bottled-water brands in the U.S. and Canada to private equity firm One Rock Capital Partners in a $4.3 billion deal that puts the future of the ailing business in the hands of the man who helped turn around Pabst Blue Ribbon and Hostess Twinkies. Dean Metropoulos is joining up in […]
Carlyle-backed software firm WingArc1st launches $172 million IPO
Japan’s software company WingArc1st Inc, which is backed by U.S. buyout firm Carlyle Group Inc, on Thursday launched an initial public offering (IPO) worth up to 18.2 billion yen ($171.8 million), a regulatory filing showed. The Tokyo-based WingArc1st, which develops and sells business software, will list on the Tokyo Stock Exchange on March 16, according […]
