Guitar Center, the country’s biggest musical instrument retailer, is close to completing a prepackaged bankruptcy with backing from a majority of its creditors, a media report says. Guitar Center would join a parade of retailers that have failed during the coronavirus...
CrossInvest (Asia) Pte. is looking to buy money management rivals and strike private equity deals in the fintech space with a goal of boosting assets under management to over $3.5 billion by 2023. Cem Ayhan Azak, who previously worked at Barclays Plc, bought a 95%...
PE-backed Caffè Nero has become the latest high street coffee chain to restructure its business after profits were hit by the coronavirus pandemic. The chain, which operates around 700 sites across the UK and 200 overseas, entered a Company Voluntary Arrangement (CVA)...
Ten titans that each oversee more than $5tn will emerge as the asset management industry’s dominant players by the end of the decade as size becomes a critical driver of success for investment companies globally. Only half of the fund industry’s current asset...
Brookfield Asset Management Inc. is launching a reinsurance business and plans to distribute shares in the new entity to its investors in the form of a $500 million special dividend. Bruce Flatt, Brookfield’s chief executive officer, said in a letter to... 