Starboard Value LP said on Tuesday it plans to raise $300 million through a blank-check acquisition vehicle, becoming the latest major hedge fund to jump on this year’s frenzy for such deals. Starboard, launched in 2011 by CEO Jeffrey Smith, joins the ranks of William...
Hony Capital-backed restaurant chain PizzaExpress has decided to permanently shut 73 outlets due to coronavirus lockdowns and higher costs, the company said in a statement. The chain, which has about 470 sites in the UK, expects the move to lead to the loss of about...
Berlin travel-booking app Omio said on Wednesday it had raised $100 million in backing to expand its business and make acquisitions as the industry recovers from the blow dealt by the COVID-19 pandemic. At the height of the viral outbreak, Omio went into...
An Arizona pension system is scaling back its commitments to private equity funds as the coronavirus pandemic weighs on performance. The $40.49bn Arizona State Retirement System is committing about $600m to private equity funds this year, spokesman David Cannella...
Billionaire Bernard Arnault moved to shore up his influence in French conglomerate Lagardere by acquiring a 27% stake in Arnaud Lagardere’s personal holding firm, as a battle over the future of the Lagardere business heats up. Bernard Arnault’s and Arnaud Lagardere’s... 