9 big things: Silicon Valley’s race to space

9 big things: Silicon Valley’s race to space

For a long time, startups and outer space didn’t mix. But that has changed over the past couple decades. New technologies have made it easier than ever for young companies to do business in space. And an ecosystem of investors has emerged to provide those...
Wells Fargo to Sell Student Loan Book to Apollo, Blackstone

Wells Fargo to Sell Student Loan Book to Apollo, Blackstone

Wells Fargo & Co. agreed to sell its $10 billion private student loan book to a group including Apollo Global Management Inc. and Blackstone Group Inc., according to people familiar with the matter. Wells Fargo said in a statement late on Friday that it had agreed...
Aryzta rejects bid approach from Elliott, updates on strategy

Aryzta rejects bid approach from Elliott, updates on strategy

Swiss baked goods maker Aryzta rejected on Friday an 800 million Swiss franc ($904 million) takeover approach from Elliott Advisors, saying it preferred to go it alone. “Aryzta announces that after careful review of the Elliott proposal, including the envisaged...
PGIM Private Capital raises $2.23B for sixth mezzanine fund

PGIM Private Capital raises $2.23B for sixth mezzanine fund

PGIM Private Capital has completed fundraising for PGIM Capital Partners VI, L.P., surpassing its fundraising target with capital commitments of $2.23 billion. PGIM Private Capital is a leading source of private debt for public and private companies and is the private...