Apollo-backed SPAC looks to raise $400 million through U.S. IPO

Apollo-backed SPAC looks to raise $400 million through U.S. IPO

An affiliate of private equity firm Apollo Global Management Inc is looking to raise $400 million for a blank-check company through a U.S. initial public offering, a regulatory filing showed on Wednesday. Spartan Acquisition Corp IV, a special purpose acquisition...
Private equity firm Advent has profit over 300% on Brazil deal

Private equity firm Advent has profit over 300% on Brazil deal

Private equity firm Advent International had a profit of around 300% in its investment in Brazilian supermarket chain BIG after agreeing to sell it to Carrefour Brasil for $1.4 billion. According to public data, since acquiring 80% of BIG for a token value from...
Bertelsmann’s BMG and KKR team up to acquire music rights

Bertelsmann’s BMG and KKR team up to acquire music rights

Global music publisher BMG said on Wednesday it was teaming up with private equity house KKR to acquire music rights, following on from its recent deal to acquire the back catalogue of British rocker Mick Fleetwood. The alliance seeks to capitalise on the boom in...
New private equity play Maverix closes $500 million fund

New private equity play Maverix closes $500 million fund

OMERS Ventures founder and former CEO John Ruffolo has unveiled a new growth equity firm wagering big bets on legacy companies retooling for the new economy. The firm, called Maverix, is just about to close its first fund, a US$500-million pool backed by LPs including...