Most of the private equity industry’s favored 2020 political candidates were victorious in last week’s voting, a result reflecting the industry’s financial and political clout. Although control of the Senate isn’t yet decided and is likely to...
The fund manager Bill Ackman has placed a large bet that companies around the world will struggle to pay their debts because of the economic hit from the coronavirus pandemic, only eight months after he netted $2.6bn from a near-identical trade. Speaking at a digital...
Brookfield Asset Management Inc. is embarking on an aggressive move into the secondary market for private assets, the first step in what Chief Executive Officer Bruce Flatt says could become a $50 billion business. The secondary market allows firms like Brookfield to...
Reebok Classics are not a good fit for Adidas. Buyout firms are interested in buying the underperforming brand, best known for 80s trainer styles, the Financial Times reported. For an acquirer to make a private equity-style return, however, the German sportswear group...
Great Canadian Gaming Corp said on Tuesday that Apollo Global Management would acquire the company for about C$2.16 billion ($1.66 billion) through funds managed by its affiliates. Apollo Global’s offer of C$39 per share is at a premium of about 34.9% as of Tuesday’s... 