Pearson said on Friday it had rejected two takeover approaches from investment firm Apollo, saying its latest $8.5bn possible cash offer undervalued the global education group, which was confident in its own strategy. Apollo’s earlier statement saying it was...
SPACs are turning to costly new tactics to keep investors from jumping ship as market confidence wanes in the once red-hot alternative to IPOs. Blank-check acquisition firms and the companies they acquire are having to hand over bigger stakes in the ventures to...
Blockchain technology firm ConsenSys said on Tuesday its valuation had more than doubled to over $7bn after its latest funding round that included investments from SoftBank Vision Fund 2 and Microsoft. ConsenSys, founded by Joseph Lubin, is an Ethereum blockchain firm...
The specialist finance provider Premium Credit is at the centre of a private equity bidding war led by the firm which owns a stake in the Six Nations Rugby championship. Sky News understands that prolific sports investor CVC Capital Partners and Towerbrook are two of...
Private equity-backed Canadian heavy oil producer Serafina Energy is looking at a possible sale of the company, figuring that high crude prices will boost its value, sources familiar with the matter told Reuters. The company could fetch over $782m if a sale happens at... 