When Neiman Marcus filed for bankruptcy protection in May it felt like an American tragedy. The closure of the 113-year-old luxury department store chain had been triggered by lockdowns to control the coronavirus pandemic, leaving its 14,000 workers on furlough. There...
The private equity owners of Ascensus have hired investment banks for an initial public offering (IPO) of the savings services provider that could value it at around $3 billion including debt, three people familiar with the matter said on Friday. Majority-owned by...
Goldman Sachs is buying General Motors’ credit card business, according to people familiar with the matter, marking the bank’s second big-name credit-card partnership and another step towards balancing its Wall Street operations with heft in consumer finance. Goldman...
Singapore’s GIC Pte. and private-equity firm TPG will invest a combined $1 billion in Indian billionaire Mukesh Ambani’s retail unit, taking total inflows into the business to about $4.4 billion. GIC will spend 55.1 billion rupees ($753 million) for a 1.22% stake in...
Private equity managers are turning to specialist borrowing facilities to ensure their highly leveraged strategies can survive the coronavirus pandemic, but there are growing concerns that the use of these complex financing deals poses new threats to investors. Demand... 