Forbes Explores Sale After SPAC Deal Collapses

Forbes Explores Sale After SPAC Deal Collapses

Forbes, the chronicler of the wealthy and powerful, announced on Tuesday that it was exploring a sale of its business after a previous deal to go public fell through. In recent weeks, an offering document describing Forbes’s financials compiled by Citigroup has been...
Thoma Bravo to take Ping Identity private for $2.4bn

Thoma Bravo to take Ping Identity private for $2.4bn

Authentication software firm Ping Identity said on Wednesday Thoma Bravo would take it private for $2.4bn, joining the firms in the cybersecurity space acquired by the buyout firm after the pandemic drove up demand for the sector. Shares of Ping Identity, which offers...
Oman’s Rakiza infrastructure fund receives $300m from Saudi PIF

Oman’s Rakiza infrastructure fund receives $300m from Saudi PIF

Oman’s Private equity infrastructure fund Rakiza has announced the receival of a capital commitment fund worth $300m from Saudi Arabia’s Public Investment Fund. Rakiza is co-managed by Oman Infrastructure Investment Management and Equitix, and focuses on the...