Robert Smith, the billionaire founder of Vista Equity Partners, has agreed to a $140m settlement with the Department of Justice to resolve a long-running criminal tax investigation, said a person familiar with the matter. As part of the deal, Mr Smith will admit...
You would think the pandemic might have made the rich a bit more cautious with their money. After all, even if the stock market has staged a remarkable rally since its spring plunge, economic prospects are still overshadowed by Covid-19. Well, that is not the view of...
London-based private equity firm Actis is betting on the expansion of the digital infrastructure sector in South Africa with two new investments. The firm has acquired a controlling stake in fibre broadband provider Octotel, in a deal with an enterprise value of...
Lead Edge Capital, a technology focused growth stage investment fund, today announced the closing of Lead Edge Capital V. Fund V was oversubscribed and closed at its hard cap, with $950 million of commitments from over 500 existing and new limited partners. The...
Siemens is in talks with Triton and other buyout groups to sell its $1.8-$2.4 bln transmissions maker Flender, people close to the matter said, part of the industrial conglomerate’s plans to streamline its operations. Siemens has asked Triton, Carlyle, CVC and... 