Schroders, the UK’s largest listed asset manager, has acquired London-based family office Sandaire as part of its wider push into the wealth management arena. Sandaire, which oversees £2.2bn in assets, will become part of Schroders’ existing wealth...
China’s ByteDance Ltd. is seeking a valuation of $60 billion for TikTok as Oracle Corp. and Walmart Inc. take stakes in the short-video app’s business to address U.S. security concerns, according to a person familiar with the matter. Oracle and Walmart have rights to...
Private equity managers make highly exaggerated performance claims, which should be banned, according to a leading academic who urged US regulators to take swift action to protect investors. During a Securities and Exchange Commission online event last week private...
Last year was an unprecedented one for venture-backed public offerings. Massive, much-hyped listings from companies such as Uber, Lyft and Slack generated a total of $261.6 billion in VC-backed exit value in the US alone, according to PitchBook data, twice as much as...
Rolls-Royce is in talks with sovereign wealth funds, including Singapore’s GIC, as part of a plan to raise around £2.5bn from investors next month, according to three people with direct knowledge of the matter. The UK aero-engine group is working with bankers at... 