by Sebastian | Feb 23, 2021 | News
Carlyle Group Inc. is embarking on a multi-year plan to supercharge growth and raise more than $130 billion. Senior managers led by Chief Executive Officer Kewsong Lee will lay out their strategy Tuesday during the firm’s first investor day since 2013. The team will...
by Sebastian | Feb 23, 2021 | News
Ardagh Group SA said on Tuesday it will spin off its metal packaging business through a merger with a listed blank-check firm backed by billionaire Alec Gores, in a deal that values the new company at $8.5 billion. The deal with Gores Holdings V will provide a total...
by Sebastian | Feb 23, 2021 | News
Luxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at a pro-forma equity value of $24 billion. Lucid, run by an ex-Tesla engineer, is the latest...
by Sebastian | Feb 23, 2021 | News
Wells Fargo & Co said on Tuesday it had agreed to sell its asset management business, which manages more than $603 billion on behalf of customers, to private equity firms GTCR and Reverence Capital Partners for $2.1 billion. The sale represents the biggest...
by Sebastian | Feb 23, 2021 | News
Peterson Private Equity has held the closing of a $225 million fund focused on investing USD10-25 million behind entrepreneurs and management teams in profitable and growth-oriented businesses. “We are passionate about helping great people build great businesses,”...
