The European Union’s $21.6 trillion investment funds industry is failing to exploit the bloc’s single market, saddling investors with high costs and opaque selling practices, the European Court of Auditors said. A full review of EU investment fund rules is needed by...
Veritas Capital is bidding to take educational publisher Houghton Mifflin Harcourt Co private, Bloomberg News reported on Sunday citing people familiar with the matter. The private equity firm could merge Houghton Mifflin with its portfolio company Cambium Learning...
Australia’s top power producer AGL Energy rejected an unsolicited $3.54bn takeover overture from tech billionaire Mike Cannon-Brookes and Canada’s Brookfield Asset Management, sticking to its own spin-off tune. The surprise bid comes as AGL seeks to split...
French payments company Worldline has entered exclusive talks to sell its TSS terminals business to U.S. firm Apollo Funds in a deal potentially worth around $2.6bn, lifting Worldline’s shares. Analysts welcomed the sale, which investment bank JP Morgan said...
Fortress Investment Group is plotting a $6.8bn takeover of Britain’s petrol stations giant Motor Fuel Group, Sky News reported on Saturday. The U.S.-based private equity firm is lining up advisers to work on a bid for MFG, the report said, citing unidentified... 