Truist Financial is selling a minority stake in its insurance brokerage unit to private equity firm Stone Point Capital in a deal that values the unit at $14.75bn, it said on Thursday. The move follows a year in which the commercial and investment bank’s profit...
Saudi Arabia’s sovereign wealth fund has invested a total of $1.3bn in four local construction firms to support the sector tasked with spearheading projects across the kingdom, it said on Tuesday. The Public Investment Fund said it acquired new shares as part of...
Finastra, a financial technology company owned by buyout firm Vista Equity Partners, is exploring a sale of its banking unit for as much as $7bn, five people familiar with the matter said on Tuesday. The London-based company is in the process of carving out the...
Basketball idol Michael Jordan played hardball with Carmelo Anthony at the negotiating table in 2011. It inspired the younger NBA star on a business journey that has led him this week to forming a $750m private equity fund, Isos7 Growth Equity. “We’re fighting for a...
An investment firm linked to the two founding families behind Anheuser Busch InBev (ABI.BR) will invest €400m in France’s Tikehau, the private equity company said on Thursday. Tikehau, which also announced a stable net profit of 320 million euros for 2022, said... 