Carlyle Group Inc. and Singapore sovereign-wealth fund GIC Pte. are using fake excuses to renege on buying a 20% stake in American Express Global Business Travel, according an unsealed lawsuit. A unit of the Qatar Investment Authority claims that Carlyle’s losses from...
Main Capital Partners is proud to announce that last Friday it has successfully executed the final closing of Main Capital VI on the hard cap of EUR 564 million, well above the target size. There was more interest than Main could accept. Besides commitments from...
PNC Financial Services Group Inc. is cashing out one of the financial industry’s most lucrative bets, selling off its BlackRock Inc. stake. The move will bolster the bank amid the coronavirus pandemic and allow it to seize opportunities to grow if rivals stumble. The...
Coty Inc. agreed to sell the Wella and Clairol brands to buyout firm KKR & Co. as part of a $4.3 billion deal including debt, giving the beleaguered cosmetics company a financial infusion as the coronavirus pandemic upends the retail industry. The sale of Coty’s...
U.S. private equity house KKR said on Monday it had acquired a stake of 5.2% in ProSiebenSat.1 Media, becoming the third investor to amass a sizable shareholding in the struggling German broadcaster. KKR, which bought ProSieben with Permira in 2006 in a deal reported... 