Apollo Global Management Inc. has agreed to buy the U.S. wealth-distribution and asset-management businesses of Griffin Capital, marking a big step in the investment giant’s plan to expand its offerings for wealthy individuals. Deal will add about $5 billion of assets...
American Express Global Business Travel (GBT) is nearing a merger with a blank-check firm backed by Apollo Global Management Inc to go public with a valuation of around $5.3bn, the Wall Street Journal reported on Friday here. The deal with Apollo Strategic Growth...
The UK government has rejected a proposed change in capital gains tax rates that would have taken a bigger chunk of private equity profits. The decision was a response to a review of the capital gains tax system—commissioned by the UK’s finance ministry in July...
Abrdn is to buy investment platform interactive investor for $1.98bn in cash, as traditional asset managers seek to build up customers using online providers. Banks and asset managers are looking at ways to capture a new breed of investors who tend to be younger and...
Former President Donald Trump’s new social media venture is seeking to raise up to $1 billion by selling shares to funds and family offices at several times the valuation it commanded in a deal with a blank-check acquisition firm in October, two people familiar... 