Private-equity firm Parthenon Capital Partners has agreed to buy a majority stake in Kroll Bond Rating Agency, in a rare instance of a credit-ratings firm changing hands, company officials said. The deal, which is expected to be announced later Monday, values KBRA at...
Ares Management has raised $8bn dollars for a fund making direct loans to small and midsize U.S. companies, escalating a fight between alternative-asset managers for market share in the burgeoning private-credit market. Asset-management firms including Apollo Global...
Singapore’s sovereign wealth fund sees global inflation as the biggest threat to its portfolio now, following the crisis triggered by the pandemic, the city’s Sunday Times reported, citing the chief executive officer. “Turns out that way more than temporary...
SPX FLOW on Monday said it agreed to be acquired by an affiliate of private-equity firm Lone Star Funds for $86.50 a share in cash in a deal valued at $3.8bn, including the assumption of debt. The deal represents a 1% premium to Friday’s closing price for SPX, a...
A robotics and automation company backed by Walmart, America’s biggest grocery retailer, is finalising plans for a $4.5bn merger with a ‘blank cheque’ company created by the Japanese technology giant SoftBank. Sky News has learnt that Symbotic is... 