European private equity firms are putting plans to divest portfolio companies on ice, as the market rout and weak business performance keep bidders away. EQT AB is deferring the sale of software maker IFS, people with knowledge of the matter said. It collected initial...
Red Lobster, P.F. Chang’s, and the perils of owning food businesses in the age of Covid-19. Private equity-owned restaurant chain Red Lobster has posted an “coronavirus alert” on its website informing customers how dramatically its operations have changed in a short...
One of the biggest changes in the shale industry since the last bust: Private equity is trying to get out of the game, not in. Even before crude prices fell off a cliff, the creation of new funds to invest in oil and gas had dwindled. Now, with demand down and output...
Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating economic effects of the coronavirus pandemic took hold in March, compounding a slow start to the year for dealmakers. Deal activity in the...
Austrian sensor maker AMS (AMS.VI) completed a 1.75 billion Swiss franc ($1.8 billion) rights issue on Tuesday which it needs to help finance its 4.6 billion euro ($5.1 billion) takeover of German lighting group Osram (OSRn.DE). AMS said that 62% of the new shares had... 