The private equity owner of TGI Fridays has admitted his industry was at fault for the over-expansion of the restaurant sector which led to huge job losses in the pandemic. Gavin Manson, finance chief of Electra, said private equity ‘played a significant part’ in a...
Fresh round of investment into self-driving division of Alphabet, to help grow Waymo and develop its autonomous driving tech Waymo, the autonomous driving subsidiary of Google parent Alphabet, has raised another very healthy chunk of funding to fuel its operations...
At Home Group Inc said on Wednesday it had accepted a sweetened buyout offer of $2.43 billion from Hellman & Friedman, weeks after an earlier bid from the private-equity firm faced opposition from its largest shareholder, and hedge fund Honest Capital. The...
Turkish e-commerce firm Trendyol, backed by Chinese internet giant Alibaba, is in discussions to raise $2 billion from investors, two sources with direct knowledge of the matter told Reuters. SoftBank and private equity firm General Atlantic were involved in the talks...
Blackstone Group is close to an agreement to acquire office developer Soho China Ltd. for about $3 billion, Bloomberg says, citing people familiar with the matter. The private-equity firm could announce a deal as early as this week, the report said. Soho China’s... 