Like hospital chains across the U.S., LifePoint Health tapped federal relief money to blunt the cost of the Covid-19 pandemic. It was a potent lifeline, a total of $1.5 billion. But LifePoint is unusual in one respect, its owner: private equity firm Apollo Global...
ByteDance has reached a preliminary “technical partnership” agreement with Oracle for TikTok’s US operations that does not include a full sale of the short video app, according to three people with knowledge of the matter. As part of the deal, Oracle plans to address...
Private equity-backed GardaWorld is urging G4S shareholders to support its £3bn takeover bid for the UK security company as it ramps up attempts to buy its rival. The Montreal-based group said the board of the FTSE-listed business had “summarily dismissed or ignored”...
Managed services provider and software developer Citadel Group will be acquired by Pacific Equity Partners (PEP) for more than $500 million. The Australian private equity firm proposed to wholly acquire the company for $5.70 per share, or a 43 percent premium over the...
In Britain, you either live near a Pizza Hut or a Pizza Express. But the pandemic may change that forever as the two casual dining rivals are shutting outlets and slashing jobs to survive the crisis. They are not alone. More than 22,000 restaurant jobs have been axed... 