Warburg Pincus acquires stake in Edelman Financial Engines

Warburg Pincus acquires stake in Edelman Financial Engines

Private equity firm Warburg Pincus has agreed to acquire a minority stake in Edelman Financial Engines, valuing the U.S. investment advisory services provider at $7.3 billion, including debt, the companies told Reuters on Sunday. The deal represents a 62% increase in...
Big ticket deals drive value of investment industry M&A

Big ticket deals drive value of investment industry M&A

The worth of mergers and acquisitions throughout the funding business virtually tripled final 12 months, reaching its highest degree for the reason that international monetary disaster, as intense aggressive pressures spurred the most recent wave of consolidation...
Blackstone may prefer Milestone sale

Blackstone may prefer Milestone sale

Further indicators are rising that Blackstone is transferring in direction of a sale fairly than a list of its $3.5bn Milestone Logistics Group as fairness capital market circumstances begin to cool for different preliminary public providing prospects. Sources say...
KORE to go public via $1.01 billion deal with Cerberus SPAC

KORE to go public via $1.01 billion deal with Cerberus SPAC

KORE Wireless Group Inc has agreed to go public through a merger with a blank-check firm backed by private equity company Cerberus Capital Management, in a deal that values the combined entity at a pro-forma enterprise value of $1.01 billion. KORE said on Friday the...