Britain gives U.S. investor go-ahead to buy Cobham for $5 billion

Britain gives U.S. investor go-ahead to buy Cobham for $5 billion

Britain has approved the purchase of British defense company Cobham (COB.L) by U.S. investor Advent International for $5 billion after the private equity group made commitments to address national security concerns. Business minister Andrea Leadsom had put the deal on...
Private equity fundraising expected to fall in 2020

Private equity fundraising expected to fall in 2020

After a record year in 2019, private equity fundraising in North America and Europe is likely to slow down next year as large firms shift their focus to capital deployment, PitchBook’s analysts have predicted. There are a small number of funds that are currently in...
Apollo and Blackstone Are Stealing Wall Street’s Loans Business

Apollo and Blackstone Are Stealing Wall Street’s Loans Business

On the surface it was a classic leveraged takeover — $1.8 billion of debt to fund the acquisition of Gannett Co. And just like hundreds before it, front and center was Apollo Global Management. Except this time, the private equity giant wasn’t the borrower. It...
KKR Gets Busy in Seattle Real Estate

KKR Gets Busy in Seattle Real Estate

KKR likes the long-term growth trends in Washington’s Puget Sound region, where it purchased two properties for more than $1.2 billion. KKR & Co. has purchased two commercial properties in the Seattle region for more than $1.2 billion, saying it’s drawn to the...