Universal Robina – controlled by billionaire Lance Gokongwei – has agreed to buy Malaysia’s Munchy Food Industries from private equity firm CVC Capital Partners for $454m as the Philippine company expands its footprint across Southeast Asia. The...
The Carlyle Group is looking to expand its investments in infrastructure assets that it can hold on to for many years—airport terminals, water-treatment systems, renewable power plants, for instance—while booking steady payouts. “These investments will be focused on...
A carve-out, also known as a separation, is normally used to refer to the result of the sale (divestment) of a part of a business; however, it may also be used when referring to the permanent division of an organisation into two or smaller parts without any sale, or...
Fenway Sports Group has reached an agreement with the Pittsburgh Penguins that would give the conglomerate controlling interest in one of the NHL’s marquee franchises. The Penguins announced Monday that the two sides have come to terms on a deal, which would...
Big leveraged buyouts are back, and this year’s crop might just be a taste of things to come. Private-equity firms have announced a record $944.4 billion worth of buyouts in the U.S. so far this year, 2.5 times the volume in the same period last year and more than... 