Metro Bank said it has received a takeover approach from U.S. private equity firm Carlyle, sending its battered shares by as much as 31% higher, in a sign of growing interest in Britain’s mid-sized banks. Metro Bank, which had a market capitalisation of $242m at...
Succession Wealth’s private equity backer is reportedly putting the advice firm up for sale for an estimated £400m. Inflexion, the majority shareholder in Succession Wealth, has hired bankers to undertake a review of options for the business, according to Sky...
The boss of historic British insurer LV today defended its £530m sale to a US private equity firm but refused to guarantee jobs and claimed there is ‘no incentives’ in it for him. Mark Hartigan, chief executive of LV, told the BBC’s Today programme...
Major League Soccer (MLS) has briefed its clubs on new rules around private equity ownership, including restrictions on how much a fund can buy, how many clubs it can invest in, and how big the fund needs to be. The North American soccer league presented the...
True Wind Capital, a San Francisco-based private equity firm focused on investing in leading technology companies, today announced the successful close of its second fund, True Wind Capital II, L.P., with $817m in equity commitments, exceeding the Fund’s target.... 