Goldman Sachs CEO David Solomon said he doesn’t think the current special purpose acquisition company (SPAC) boom is sustainable, the Financial Times (FT) reported. Companies or investment groups create SPACs to raise money through the sale of stakes to either the...
The strategy invests in mezzanine debt, a sector that soared last year as parched investors shopped for yield. Blackstone Group Inc. has closed on more than $2.8 billion so far for a new vehicle that invests in mezzanine debt, an area of private credit that has boomed...
Macquarie Capital and UBS’ bankers formally kicked off talks with suitors for Link’s 44.2 per cent stake in Torrens Group Holdings, which owns electronic property payments platform PEXA. The goal is to realise value for Link Group shareholders who,...
CVC Capital Partners Ltd. is in the early stage of evaluating options for AOC LLC, including a sale that could bring in at least $2 billion, Bloomberg News reported, citing people familiar with the matter. The buyout firm may seek a roughly 12x EBITDA multiple for the...
Global buyout giant Blackstone has scored more than $3.1bn of LP capital for its debut fund dedicated to growth capital investing. The firm has picked up commitments for Blackstone Growth Fund from 88 investors to date, a US securities filing shows. Blackstone... 