Private equity powerhouse EQT is considering a takeover of Dutch phone company Royal KPN NV in what would be its largest-ever acquisition, people with knowledge of the matter said. The buyout firm is in the early stages of discussing the feasibility of a deal with...
It’s the little endowment that could. Brown’s $4.7 billion fund is the smallest of the eight Ivy League schools. Brown’s 12.1% return beat its larger peers, including Harvard, whose $41.9 billion fund gained 7.3%, and Yale, whose $31.2 billion rose 6.8%. The...
After a decade of strong and improving performance, leveraged buyouts (LBO) returns are starting to deteriorate as Covid-19 crisis advances. In the first two quarters of 2020, LBO funds around the world delivered an average multiple of 1.36x on invested capital, a...
TP ICAP has agreed to buy US equities trading business Liquidnet in a $575m deal that pushes the London broker into the share trading market. To fund the acquisition, TP ICAP will launch a rights issue to raise about $425m and will pay only half the £94m dividend that...
SPACs in 2020 –the new model for Private Equity? “Unprecedented” has become the word of 2020; used to describe many of the challenges now facing the world it is a common feature of the year’s news reports, but it is also a word though that aptly... 