Private Equity Takes on Friendly Activists at Own Game

Private Equity Takes on Friendly Activists at Own Game

Activist investors have worked hard to improve their image over the past few years. The hooligans of corporate America have swapped saber-rattling for soft power and found that there is still money to be made. Take Starboard Value. The hedge fund sounded loved up last...
Kone Makes Highest Offer for Thyssenkrupp Elevators

Kone Makes Highest Offer for Thyssenkrupp Elevators

Kone Oyj handed in the highest offer for Thyssenkrupp AG’s elevator business, as the Finnish company tries to outbid buyout firms by a wide enough margin to overcome antitrust concerns, people with knowledge of the matter said. Kone, which has teamed up with CVC...
Apollo’s $200B Credit Group Creates New Executive Job

Apollo’s $200B Credit Group Creates New Executive Job

John Zito will become deputy CIO, as the private equity firm’s largest business looks to grow. John Zito, co-head of Apollo’s global corporate credit division, is taking on the additional roles of senior partner and deputy chief investment officer of the $200 billion...