Hedge fund Elliot Management has been meeting with bankers to raise about more than $1 billion for a special purpose acquisition company (SPAC) according to people familiar with the matter. The process is at an early stage and plans could change, the report added....
SoftBank Group Corp. reported a record profit in its Vision Fund as a surging stock market lifted the value of its portfolio companies. The Vision Fund reported a 844.1 billion yen ($8 billion) profit in the December quarter, surpassing record numbers set just a...
HIG Europe has joined a pack of private equity bidders vying to buy the UK restructuring arm of KPMG. HIG is one of four parties shortlisted to acquire the business, which was put up for sale last year, Sky News first reported. It is understood Intermediate Capital...
Shares in used-car trading platform AUTO1 raced ahead in their stock exchange debut on Thursday, as Germany’s first big initial public offering of the year was snapped up by tech-hungry investors. The shares opened in Frankfurt at 55 euros a share – 45% above...
Australia’s Vocus Group on Monday said Macquarie’s funds had lodged a non-binding offer to acquire the fibre network owner for $2.62 billion and would open its book to the firm, sending its shares almost a fifth higher. The approach from Macquarie Infrastructure and... 