BC Partners invests in Davies in a $1.7 billion deal

BC Partners invests in Davies in a $1.7 billion deal

BC Partners agreed to take over insurance service company Davies, as it bets on fast-growing demand for outsourcing in the financial industry. The private equity firm signed a definitive agreement to buy a majority stake in London-based Davies, it said in a statement...
KKR-backed SPAC raises $1.2 billion in U.S. IPO

KKR-backed SPAC raises $1.2 billion in U.S. IPO

KKR Acquisition Holdings I Corp, a blank-check firm backed by private equity firm KKR & Co Inc, said on Wednesday it had raised $1.2 billion in an upsized initial public offering. The special purpose acquisition company (SPAC) said it sold 120 million units, up...