Blackstone Group Inc is taking a majority stake in MagicLab, the parent company of dating app “Bumble” and “Badoo”, valuing the company at about $3 billion, the private equity firm said in a statement on Friday. Following the deal, Andrey Andreev who is the founder of...
Boardroom diversity — or the lack of it — has become a hot button issue for organizations as they face growing pressure to better reflect their workforce and wider society. Until now, that conversation has centered largely on gender and race — where much work remains...
Private equity funds tend to report their highest values around the same time that managers start fundraising – but research shows there could be an honest explanation. If a private equity fund’s reported value peaks right when the general partner is raising a new...
Other top shareholders also want chairman to change but not immediately The desire for regime change has hardened since Deutsche abandoned merger talks with Commerzbank in April, these people said, scuppering the plans of Cerberus, which is Deutsche’s third-largest...
The serial dealmaker running DuPont de Nemours Inc. is gearing up for another $20 billion-plus divestment that could become one of the chemical industry’s biggest transactions this year. DuPont Chairman Ed Breen is considering unloading the company’s nutrition and...
