Steve Cohen’s Point72 Asset Management raised $600m for its first private equity fund that will use artificial intelligence to modernize and improve efficiencies at companies it acquires. The vehicle, called Point72 Hyperscale, will take majority stakes in companies...
Financial services-focused private equity firm Lightyear Capital has closed its fifth flagship fund at $1.6bn, drawing in more money than it initially targeted as investors seek out specialist capital managers amid high valuations. The New York-based buyout firm,...
U.S. data center operator CyrusOne said on Monday it would be bought by KKR and Global Infrastructure Partners (GIP) in a deal valued at about $15bn, including debt. The buyout is the latest deal in the data-center space, with Blackstone purchasing QTS Realty Trust...
General Electric’s decision to split into three companies has set the stage for a feeding frenzy among private equity buyers looking to carve the industrial conglomerate into more pieces, say people at several large private equity groups. “I suspect everybody will be...
Swiss chemicals company Sika has agreed to buy MBCC Group for $6bn to boost its position in sustainable building, making its biggest ever acquisition in the fragmented $70bn construction chemicals sector. Sika said on Thursday it was buying MBCC, the former BASF... 