Bill Ackman to wind up SPAC, return $4bn to investors

Bill Ackman to wind up SPAC, return $4bn to investors

Billionaire investor William Ackman, who had raised $4bn in the biggest-ever special purpose acquisition company, told investors he would be returning the sum after failing to find a suitable target company to take public through a merger. The development is a major...
Cinven raises €1.5bn for first dedicated financial services fund

Cinven raises €1.5bn for first dedicated financial services fund

International private equity firm, Cinven, announces the final close of its inaugural Strategic Financials Fund at €1.5bn of total capital committed. The SFF builds on Cinven’s leading financial services investment platform in Europe with an investment strategy...