Direct Investing Is Rising Among Family Offices

Direct Investing Is Rising Among Family Offices

Wealthy families are investing directly in private technology companies through single-family and multi-family offices in rising numbers as these offices become more sophisticated, according to a study released on Friday by Fintrx, a Boston-based data and research...
EssiLux case calls $8.5 billion GrandVision bid into question

EssiLux case calls $8.5 billion GrandVision bid into question

EssilorLuxottica (ESLX.PA) said on Monday that GrandVision’s (GVNV.AS) actions during the coronavirus crisis could provide grounds for ending a 7.2 billion euro ($8.5 billion) takeover of the Dutch eyewear stores operator. The French-Italian maker of Ray-Ban told a...
Abu Dhabi’s Mubadala reports 7% stake in Virgin Galactic

Abu Dhabi’s Mubadala reports 7% stake in Virgin Galactic

Abu Dhabi state fund Mubadala Investment Co on Friday reported an over 7% stake in space tourism company Virgin Galactic Holdings Inc. The state-owned company disclosed a 7.08 per cent stake, or 14.88 million shares, in the aerospace company, according to a regulatory...
Pandemic Slowed Private-Equity Fund Closings in First Half

Pandemic Slowed Private-Equity Fund Closings in First Half

Globally, 552 private equity funds reached their final close in the first half of the year, 31% fewer than in the same period last year. Private equity firms are finding it harder to close new funds in the time of social distancing and Zoom meetings. The number of new...