Hong Kong’s PAG snaps up Japanese theme park for 720m

Hong Kong’s PAG snaps up Japanese theme park for 720m

Private equity firm PAG agreed to buy 1 of Japan’s biggest theme parks for an equity valuation of about $720m, doubling down in Asia’s second-biggest economy as Covid protocols are eased on incoming travellers. Hong Kong-based PAG, which oversees $50bn, is acquiring...
New York Yankees And LA Fund To Join Investors In AC Milan

New York Yankees And LA Fund To Join Investors In AC Milan

The New York Yankees baseball franchise and a Los Angeles investment fund are preparing to announce an investment in Italian football club AC Milan alongside US private equity group RedBird, which is closing in on the €1.2bn acquisition of Italy’s football champions,...
Summer of Shelved M&A Surpasses $150bn as Credit Woes Bite

Summer of Shelved M&A Surpasses $150bn as Credit Woes Bite

Takeovers are falling apart from Sydney to Switzerland, leading to a gloomy late summer for Wall Street bankers as cheap financing dries up. More than $150 billion of mergers and acquisitions have been scrapped or stalled since the beginning of June, according to data...