Global banks stuck with $80bn in unappealing M&A financing debt are trying new tactics to find buyers. In the case of the private-equity buyout of Citrix Systems Inc., they’re cutting the debt into smaller pieces to attract a wider pool of investors. Euro debt is...
Seawall Capital has taken a majority stake in Sports Endeavors, the owner of sports apparel brands such as Soccer.com and 431 Sports. Sports Endeavors is the team behind Soccer.com, the leading source for player and fan gear in the U.S. Soccer.com partners with...
Investors in buyout funds haven’t had to worry about cash calls for a while. When asked for fresh capital by Blackstone and others, they could find the money in a steady stream of profits from older vintages. That won’t work in a prolonged market slump. Private-equity...
Intel and Canada’s Brookfield Asset Management agreed to jointly fund up to $30bn for the U.S. chipmaker’s leading-edge chip factories in Arizona, fueling Intel’s ambition to bring more chip production onshore without weighing on its balance sheet....
The private-equity firm Blackstone Group bought a minority stake in Sunstone Hotel Investors, which owns and operates 15 U.S. hotels, according to financial documents filed last week. The investment was notable less for its size than what it indicated about market... 