Toys ‘R’ Us filed for bankruptcy in September 2017, undone by a hefty debt load and the rapid shift to online shopping Solus Alternative Asset Management, a New York hedge fund best known for its role in the bankruptcy of Toys “R” Us, is under pressure from...
There have been plenty of stories through the years about the lengths private equity firms have gone to protect their privacy. The best example, perhaps, came more than a decade ago when Stephen Feinberg, the co-founder of Cerberus Capital Management, unleashed a...
BlackRock Real Assets has achieved a US$1 billion first close for its Global Renewable Power III fund (“GRP III”) with commitments from over 35 institutional investors in North America, Europe and Asia. The record first close reflects strong investor demand for...
Firms are preparing for a potential economic downturn, devoting more capital to existing investments and locking in new funds, a BDO USA survey shows Private equity firms may not know exactly when the next downturn will hit, but many are taking steps to make...
Apollo Global Management Inc. has offered to buy Tenneco Inc.’s powertrain business for $4.3 billion, according to people familiar with the matter. The private equity firm’s bid, described by people who asked not to be identified because the matter isn’t public,... 