Private equity giant CVC plots bid for TV licence collector Capita

Private equity giant CVC plots bid for TV licence collector Capita

TV licence collector Capita is being circled by private equity barons, the Mail can reveal. The troubled FTSE 250 outsourcer – whose share price has fallen more than 80 per cent this year – is in CVC Capital Partners’s cross hairs. But CVC, one of Europe’s largest...
Fortress Eyes Building Two Phases of Las Vegas Rail Concurrently

Fortress Eyes Building Two Phases of Las Vegas Rail Concurrently

The company backed by Fortress Investment Group’s private-equity funds plans to build two phases of a Las Vegas rail project concurrently, although it has yet to secure financing or break ground. The venture that goes by the name of DesertXpress Enterprises in...
Blackstone, GIP in bid for Kansas City Southern

Blackstone, GIP in bid for Kansas City Southern

A buyout consortium led by Blackstone Group Inc and Global Infrastructure Partners (GIP) has made an offer to acquire U.S. railroad operator Kansas City Southern (KSU), according to people familiar with the matter. KSU is recovering from what it has called a...
Michael Jordan Places His Next Big-League Bet on DraftKings

Michael Jordan Places His Next Big-League Bet on DraftKings

Michael Jordan is the latest owner of a major U.S. sports franchise to push into the gambling space, joining New England Patriots owner Robert Kraft and Dallas Cowboys owner Jerry Jones. The NBA legend is receiving an equity interest in DraftKings Inc. in exchange for...
Munich Private Equity Partners launches €250m fund-of-funds

Munich Private Equity Partners launches €250m fund-of-funds

Munich Private Equity Partners (MPEP) has launched its fourth buyout-focused fund-of-funds with a €250m target. The announcement comes a month after the Germany-based firm held a final close at €162m of its third strategy. MPEP IV targets private equity fund...