The 17.2 billion euro ($18.4 billion) sale of Thyssenkrupp’s (TKAG.DE) prized elevator unit to a consortium led by Advent and Cinven [CINV.UL] is not under threat from the coronavirus crisis, the conglomerate’s CEO said in an internal staff letter. “To be absolutely...
Experts warn investors are looking inward during Covid-19 chaos When Michael Kent, founder of Azimo, presented to the fintech’s venture capital backers on 18 March, his first slide urged one thing: Don’t panic! But for most UK fintech investors, the message is not...
2019 payouts for Deutsche’s senior executives, including CEO Christian Sewing and group president Karl von Rohr, also fell Deutsche Bank confirmed its staff bonuses dropped by around a fifth on average for 2019, as the group embarked on its “most fundamental...
Private equity has lots of money at the ready—the question is, what will it be used for? In the months ahead, a decline in prices across the market means investors will be looking at an unprecedented opportunity to buy. On the other hand, they will be trying to keep...
Buyout shops are arranging emergency funds, support networks and other steps to keep their companies alive during the pandemic Private equity firms are taking steps to help their portfolio companies survive the coronavirus onslaught of forced closures, scattered... 