Japanese conglomerate Toshiba has recently been subject to a buyout offer from CVC in a deal that could be worth about $20bn. Brookfield and KKR have also expressed an interest. Now the takeover is impeded by shareholder conflicts. Two Toshiba directors have resigned...
Magnachip Semiconductor said on Friday that it has received a takeover bid from Cornucopia Investment Partners, topping a rival offer, which values the South Korea-based display and power chip maker at $1.66 billion. Shares of the chipmaker jumped about 22% to $28.20...
Private equity groups Ares Management and Maven Capital Partners have teamed up with a family office to support the launch of a new acquisition business in the UK asset and wealth management market. Titan Wealth Holdings is launching with two acquisitions: Tavistock...
Trustees of Pennsylvania’s largest public pension on Friday backed off from voting on almost $1.1 billion in new fund commitments amid disagreement over the system’s leadership and its use of high-cost private investments. While one investment was approved in a public...
LightBay Capital, a private-equity firm started five years ago by former Ares Management Corp. executives, has begun pitching investors on its second fund, according to people familiar with the matter. The Los Angeles firm is targeting $800 million for the vehicle and... 