PE-backed insurance companies that owe billions of dollars to retirees in annuity payments are taking some additional risk with investments, new analysis shows. To offset that risk, however, these firms on average hold more cash than traditional insurers, and they...
Nvidia Corp’s proposed $40 billion acquisition of Arm would better support the creation of UK technology jobs than the SoftBank Group unit becoming a standalone public company once again, Arm’s chief executive said on Friday. “We contemplated an IPO...
Private-equity firm Clayton Dubilier & Rice has struck a deal to buy Fort Dearborn Co. and Multi-Color Corp. and merge the label manufacturers, the companies said. The deal, which The Wall Street Journal reported earlier Friday, values the combined company at...
Morrisons said on Saturday it has agreed a takeover offer from a new company owned by funds managed or advised by affiliates of Fortress Investment Group, which values the British supermarket group at $8.7bn. Under the terms of the deal, Morrisons shareholders will...
Eurazeo is nearing a close of its third growth fund with about $1.42bn of capital, but the Paris-based asset manager is already plotting the fund’s successor, according to a person familiar with the situation. The firm aims to return to the market with its fourth... 