Private equity firm Permira bought a 60% stake in the children-focused business of language tutor EF Education First, valuing it at around $1.5 billion, according to two sources with direct knowledge. Permira and EF declined to comment. The sources, one of whom...
Thompson Street Capital Partners (TSCP), a private equity firm based in St Louis, has completed the sale of Analytical Lab Group (ALG), a microbiology and viral lab, to Element Materials Technology (Element), one of the world’s largest providers of materials and...
The coronavirus pandemic has profoundly affected the global transportation system, with social distancing and stay-at-home orders transforming consumer behavior. Yet despite what will likely be a substantial impact in the near future, long-term prospects for startups...
Singapore’s GIC reported its lowest 20-year inflation-adjusted returns — the sovereign wealth fund’s barometer of choice for long-term investment skill — since the global financial crisis. The 2.7% annualized real return was a “resilient”...
Private equity-owned companies are again raising debt to pay their owners dividends, just as warnings sound about saddling businesses with more leverage in the midst of a downturn. This month Baltic telecommunication firm Bite and U.S.-based Epicor Software Corp. have... 