by Sebastian | Jul 5, 2024 | News
AustralianSuper, the country’s largest pension fund, is shifting money into equities on the expectation that artificial intelligence will fuel further gains in tech stocks. The A$335 billion ($223 billion) fund has started the new financial year 3% overweight in...
by Sebastian | Jul 5, 2024 | News
Private equity firm KKR & Co agreed to acquire Varsity Brands, a U.S. maker of sports uniforms and school yearbooks, from buyout firm Bain Capital for about $4.75 billion, including debt, people familiar with the matter said on Wednesday.KKR will own Varsity...
by Sebastian | Jul 5, 2024 | News
Saks Fifth Avenue parent HBC will acquire department-store chain Neiman Marcus in a $2.65-billion deal, the companies said on Thursday, giving them stronger negotiating power with vendors and greater ability to control costs. The deal comes with luxury retailers...
by Sebastian | Jul 5, 2024 | News
HSBC is attracting initial interest from peers including BNP Paribas SA and UBS Group AG, for the sale of its German wealth management unit, Bloomberg News reported on Thursday, citing people familiar with the matter.Julius Baer is also among potential bidders for the...
by Sebastian | Jul 5, 2024 | News
L Catterton, the private equity firm backed by luxury French fashion house LVMH, is looking to sell its stake in Saudi Arabian gourmet food producer and restaurant chain Bateel, according to people familiar with the matter. The investment firm is working with UBS...
by Sebastian | Jul 5, 2024 | News
Buyout firm EQT AB is teaming up with Germany’s richest man to acquire a 35% stake in German bus and train operator Flix SE. EQT and Kühne Holding AG, the investment vehicle of logistics tycoon Klaus-Michael Kühne, will become long-term anchor shareholders in Flix,...
