Bondholders set to be given ownership of Pizza Express

Bondholders set to be given ownership of Pizza Express

Pizza Express is set to be taken over by its bondholders after a sale process seeking potential buyers failed to drum up a competitive offer. The deal would involve Hony Capital, the private equity firm based in Beijing, handing over the keys to the restaurant chain...
Private equity outperforms equities over long-term

Private equity outperforms equities over long-term

European private equity funds outperform listed equities over the long-term, new research shows. The data analysis, from the pan-European trade body Invest Europe, found that European buyouts delivered an internal rate of return (IRR) of 15% since inception to...
Billionaire U.S. investor Dan Och seeks $750 million for SPAC

Billionaire U.S. investor Dan Och seeks $750 million for SPAC

Billionaire investor Daniel Och, who founded hedge fund Och-Ziff Capital Management, said in a filing on Friday that he plans to raise $750 million through a blank check acquisition vehicle, becoming the latest major hedge fund investor to launch one. Och, who started...