Private equity firm General Atlantic exploring IPO

Private equity firm General Atlantic exploring IPO

General Atlantic, an investment firm with $79 billion in assets under management, is exploring an initial public offering, people with knowledge of the matter said. The New York-based company is working with advisers on a plan to go public, said the people, who...
Korean firms acquire US-based Meridian Bioscience for $1.53bn

Korean firms acquire US-based Meridian Bioscience for $1.53bn

Meridian Bioscience, a leading global provider of diagnostic testing solutions and life science raw materials, and SD Biosensor and SJL Partners announced that they have entered into a definitive merger agreement whereby a newly formed affiliate vehicle of the...
UK’s BII to invest in new Mahindra EV unit at $9bn valuation

UK’s BII to invest in new Mahindra EV unit at $9bn valuation

Mahindra and Mahindra and British International Investment (BII) will each invest up to $250m in the automaker’s new electric vehicle unit at a valuation of $9.1bn, sending the Indian company’s shares soaring on Friday. BII will have a 4.8% ownership in...
Wealth managers want to pass the baton. PE firms are ready

Wealth managers want to pass the baton. PE firms are ready

A once-in-a-generation consolidation in the wealth management industry has private equity firms and acquirers eyeing the chance to build up their portfolios of businesses with steady cash flows. Founders and other senior executives are weighing retirement at the same...
Japan’s Sumitomo Mitsui Trust to invest $1.5bn in Apollo funds

Japan’s Sumitomo Mitsui Trust to invest $1.5bn in Apollo funds

Sumitomo Mitsui Trust Holdings will invest $1.5bn in funds managed by Apollo Global Management in a partnership ranging from private equity and real estate to infrastructure. The move comes at a time when global private equity firms have been looking to expand in...