On Friday, reports surfaced that Centerbridge Partners and Vistria Group are teaming up on a $1.4 billion deal for Wellspring Capital Management’s Help at Home. The rumored deal is valued off of EBITDA in the $110 million to $120 million range, according to PE Hub. ...
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... 