by Sebastian | Jul 13, 2023 | News
JMMB says it is set to deploy more than a billion dollars in private equity investments. Kareem Tomlinson, General Manager of JMMB Securities, said the entity is looking to tap into a number of areas. “We would have launched Vertex SME Holdings, our private...
by Sebastian | Jul 13, 2023 | News
Investment firm Wellington Management is in talks to lead a new funding round for Skims, which could value the underwear clothing company owned by Kim Kardashian at about $4bn, according to people familiar with the matter. The Boston-based asset manager is in...
by Sebastian | Jul 13, 2023 | News
Carlyle Group Inc (CG.O) and Trustar Capital are planning to raise $4bn from wealth funds to buy part of their stakes in McDonald’s Corp (MCD.N) operations in Hong Kong and mainland China, Bloomberg News reported. The move would provide a partial exit for the...
by Sebastian | Jul 12, 2023 | News
Buyout group Cinven is considering selling a stake in wealth manager True Potential as early as next year, two people familiar with the matter said, in what could be one of the largest recent deals in Britain’s investment advisory sector. The plans, which are...
by Sebastian | Jul 12, 2023 | News
Kim Kardashian is reportedly in talks with to buy back a minority stake in her beauty products firm SKKN By Kim, 3 years after selling the stake for $200m. Kardashian, 42, is seeking to regain ownership of the 20% stake from fragrance and cosmetics firm Coty, the...
by Sebastian | Jul 12, 2023 | News
May River Capital LLC, a Chicago-based private equity investment firm, has raised its third fund, May River Capital Fund III, LP. Fund III closed on its hard cap of $500m in limited partner commitments, exceeding the Fund’s original target size. The Fund will...
