Bed Bath & Beyond raises $135m more to aid turnaround effort

Bed Bath & Beyond raises $135m more to aid turnaround effort

Bed Bath & Beyond said on Wednesday it had raised another $135m in an equity offering and was in the process of rebuilding its business after teetering on the brink of bankruptcy. The retailer has so far raised $360m out of the roughly $1bn that it planned in a...
Virgin Australia talking to banks for $300m loan ahead of IPO

Virgin Australia talking to banks for $300m loan ahead of IPO

Virgin Australia is in talks with banks for a loan of up to $296.4m to pay its private equity owner Bain Capital before the airline’s re-listing planned for later this year, two sources with direct knowledge of the matter said. Australia’s second largest...
Australia’s InvoCare receives $1.22bn bid from TPG

Australia’s InvoCare receives $1.22bn bid from TPG

Australian funeral services provider InvoCare said on Tuesday it received a non-binding takeover offer from U.S. private equity firm TPG Global for $1.22bn, sending its shares 39.1% higher. Shares of InvoCare soared to A$12.450 and were set to post a record jump after...
BlackRock Lures European Wealthy With New Private Equity Funds

BlackRock Lures European Wealthy With New Private Equity Funds

BlackRock is starting two private equity funds targeting wealthy individuals in Europe, as the world’s largest asset manager seeks to tap rising appetite for alternatives among the rich. The New York-based group expects to raise about $1.1bn or more for the new...