St Modwen to Accept $1.7bn Takeover Offer from Blackstone

St Modwen to Accept $1.7bn Takeover Offer from Blackstone

UK property developer St Modwen has agreed to be bought by Blackstone for $1.7bn. The FTSE 250 company said it has accepted the offer following the receipt of multiple proposals from Blackstone negotiated over a 10 week period commencing in February. Blackstone is...
Morgan Stanley Acquires Nivel Parts From Kelso & Co.

Morgan Stanley Acquires Nivel Parts From Kelso & Co.

The private equity unit of Morgan Stanley Investment Management is buying auto-market afterparts manufacturer Nivel Parts & Manufacturing Co. from private equity peer Kelso & Co. The private equity team is building up its portfolio of consumer-focused...