US private equity giant Blackstone has entered exclusive negotiations to acquire a majority stake in leading asset and wealth management firm ASK Group which is backed by rival private equity firm Advent International. “Post the submission of binding bids by various...
Investment-fund billionaire William Ackman, who launched the largest-ever special-purpose acquisition company with an aim of landing a big target to take public, may now return its funds to shareholders in the face of a lawsuit questioning the vehicle’s legality. Mr....
Private equity companies are circling British supermarket group Sainsbury’s with a view to possibly launching bids of more than $9.53bn, The Sunday Times reported. American buyout giant Apollo is said to be running the rule over the supermarket group, the...
An affiliate of HIG Capital, a global alternative investment firm with $45bn of equity capital under management, has completed the acquisition of Pegasus Home Fashions. Founded in 1990 and headquartered in Elizabeth, NJ, Pegasus is one of the country’s largest and...
Geoffrey Osborne has sold its £200m revenue infrastructure business to London private equity firm Sullivan Street Partners. The deal for an undisclosed sum cuts the family-owned south east contractor’s ties with civil engineering on which it was founded 55 years ago.... 