Bankers prepare £25bn package as private equity firms circle GSK

Bankers prepare £25bn package as private equity firms circle GSK

Bankers are putting together major financing packages in preparation of a potential private equity bid for GlaxoSmithKline’s consumer healthcare business, according to reports. Lenders are reportedly modelling debt packages of between £20bn and £25bn in sterling,...
Bain Capital wants to buy outsourcing firm from Carlyle for $2bn

Bain Capital wants to buy outsourcing firm from Carlyle for $2bn

Bain Capital is in advanced talks to buy outsourcing firm VXI Global Solutions from Carlyle Group, people familiar with the matter said, five years after selling its stake in the business to its private equity rival. Boston-based Bain is in the final stages of...
BlackRock now manages more than $10 trillion in assets

BlackRock now manages more than $10 trillion in assets

The stock market boom has created an insatiable appetite for exchange-traded funds, which make it easy for traders to invest in many of the world’s top companies all at once. That’s great news for BlackRock, the world’s largest money manager....
Altura Banks $110m So Far to Back Businesses With Diverse Leaders

Altura Banks $110m So Far to Back Businesses With Diverse Leaders

Altura Capital has rounded up $110m so far for two new impact investment funds focused on companies with diverse leadership in U.S. communities less trafficked by private-equity firms, according to people familiar with the effort. The capital raised so far puts the...