TPG-backed SPACs pull in $800M as frenzy continues

TPG-backed SPACs pull in $800M as frenzy continues

Plenty of private equity firms have helped drive this year’s boom in special-purpose acquisition companies. And at TPG Capital, a single SPAC isn’t enough. A pair of SPACs backed by the firm priced IPOs on Tuesday and began trading Wednesday, with TPG Pace...
Morgan Stanley to buy Eaton Vance for $7 billion

Morgan Stanley to buy Eaton Vance for $7 billion

Morgan Stanley has agreed to buy Eaton Vance Corp for about $7 billion in a cash-and-stock deal that can quickly expand its investment-management business and add more offerings for retail investors, the bank said on Thursday. The transaction is the latest move by...
Blackstone Seeks Payout From Bumble Loan Amid Online Dating Boom

Blackstone Seeks Payout From Bumble Loan Amid Online Dating Boom

Blackstone Group Inc. is looking to reap the benefits from a surge in online dating in a global pandemic and a rebound in demand for risky leveraged loans as investors seek higher-yielding assets. The private equity firm, which bought a majority stake in the owner of...