Private equity giant Blackstone and holding company Fairfax Financial Holdings Limited have invested $500m into an algorithm-driven insurance syndicate at centuries-old Lloyd’s of London. The investment will boost the insurance marketplace’s plans to modernise with...
A large majority of shareholders in Spanish telecoms firm MasMovil have accepted a private equity bid to take it private in the first major deal of its kind since the coronavirus pandemic struck, the stock market regulator said on Thursday. United States-based funds...
Elliott Management’s Travelport Worldwide is nearing a restructuring settlement that would unwind a disputed $1bn shareholder rescue package and end a standoff with some of Wall Street’s biggest debt buyers, people familiar with the matter said. The settlement, if...
Insurer MetLife Inc. said on Thursday it will buy vision-care benefits company Versant Health for $1.68 billion from an investor group led by Centerbridge Partners and FFL Partners, to strengthen its vision insurance business. The deal, which is expected to close in...
Petco Animal Supplies, which is backed by private-equity firms, is reportedly weighing going public again or a possible sale. Petco’s owners, CVC Capital Partners and the Canada Pension Plan Investment Board, are currently interviewing potential advisers while they... 