Billionaire Bill Foley Is SPAC Market’s Overlooked Star

Billionaire Bill Foley Is SPAC Market’s Overlooked Star

Fast-trading, social-media-obsessed investors have driven the special-purpose acquisition company craze. One of the biggest SPAC creators is a staid insurance executive who wants nothing to do with them. Billionaire Bill Foley, owner of the Vegas Golden Knights team...
ECP Buys Liberty Tire From Carlyle For $750 Million

ECP Buys Liberty Tire From Carlyle For $750 Million

Carlyle said it agreed to sell Liberty Tire Recycling LLC to infrastructure investor ECP, which people familiar with the matter said is paying roughly $750 million for the company. The deal for the tire-recycling company reflects the continuing efforts by Summit,...
Hertz puts new private equity group in driver’s seat

Hertz puts new private equity group in driver’s seat

Hertz Global Holdings Inc. has picked a restructuring offer from company bondholders and private-equity investors that have agreed to supply billions of dollars in equity capital the bankrupt rental car provider needs to leave chapter 11. Hertz tapped a consortium...