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...
Warburg Pincus invests $100 million in Brazil startup Take Blip

Warburg Pincus invests $100 million in Brazil startup Take Blip

U.S. private equity firm Warburg Pincus LLC has invested $100 million in a series A round in the Brazilian startup Take Blip, according to a statement on Wednesday. Take Blip is a communication platform that helps companies engage with clients via messaging apps such...
European dealmaking and fundraising bounce back in Q3

European dealmaking and fundraising bounce back in Q3

Managers are back in business in Europe. Private equity dealmaking and fundraising both started to show signs of recovery in the third quarter, according to data provider Preqin. Investors closed 364 deals in Q3, corresponding to $19bn, a 58% increase from the...
Sweden’s Ratos sells data company Bisnode in $807m deal

Sweden’s Ratos sells data company Bisnode in $807m deal

Swedish private equity firm Ratos said that it is selling its 70% stake in data and analytics company Bisnode to US business analytics firm Dun & Bradstreet. Dun & Bradstreet will pay SEK7.2 billion ($807m) in cash and stock for Bisnode, with Ratos’s...