Technology investor SoftBank Group recorded a profit of nearly $12bn in the April-June quarter as gains from disposing of former unit Sprint helped it bounce back from the worst year in its history. Improved performance at SoftBank’s $100bn Vision Fund, the world’s...
Boston-based Advent International, a global private equity firm focused on overseas buyouts, has purchased a stake in the United Kingdom’s parcel delivery group Hermes for 1 billion euros ($1.3 billion). The Financial Times (FT) reported Advent will acquire 75 percent...
In what seems to the largest real estate buyout transactions in India, private equity giant Blackstone Group is close to buying Bengaluru-headquartered property developer Prestige Group’s rental income assets for over $1.7 billion, per a report by The Economic...
Barry Diller is making a big bet on Vegas. The 78-year-old billionaire’s tech-and-media conglomerate IAC, which has reaped a fortune from success stories like Expedia, Tinder and Vimeo, has taken a 12-percent stake in hotel and casino giant MGM Resorts in a deal...
The $850 billion private credit market is slowly coming back to life following an abrupt pause due to the Covid-19 pandemic, according to KKR & Co.’s co-head of private credit Daniel Pietrzak. “We are starting to see a pickup in volume,” Pietrzak said in a phone... 