WHP Global said on Wednesday its valuation rose to $1.6bn after the New York-based brand management firm raised fresh capital from funds managed by the private equity unit of Ares Management Corporation. WHP Global, which was founded in 2019 by retail industry veteran...
John Wood Group said it may reject a sweetened $1.98bn buyout proposal from private-equity firm Apollo Global Management, as it still undervalued the British oilfield services and engineering company. The proposal by Apollo on March 6 was a cash offer valuing the...
Blackstone said it had blocked investors from cashing out their investments at its $71bn real estate income trust (BREIT) as the private equity firm continues to grapple with a flurry of redemption requests. BREIT said it fulfilled redemption requests of $1.4bn in...
Oaktree Capital plans to raise $10bn for a new fund that will help finance large private equity takeovers, the Financial Times reported on Tuesday, citing a letter sent to the U.S. asset manager’s clients. The new fund, known as Oaktree Lending Partners, may tap...
SK shieldus, the cybersecurity arm of South Korea’s telecommunications giant SK telecom Co., was sold to overseas private equity fund operated by Sweden’s largest conglomerate Wallenberg Group for about $1.5bn. EQT Partners will acquire part of SK square Co.’s stake... 