Cubic to be taken private for $2.2 billion by Veritas, Elliott

Cubic to be taken private for $2.2 billion by Veritas, Elliott

Cubic Corp has agreed to be bought by private equity firm Veritas Capital and U.S. investment fund Elliott Management in a deal valued at about $2.2 billion, the defense and transportation technology firm said on Monday. The company had adopted a poison pill last...
Elliott management looks to raise more than $1 bln for a SPAC

Elliott management looks to raise more than $1 bln for a SPAC

Hedge fund Elliot Management has been meeting with bankers to raise about more than $1 billion for a special purpose acquisition company (SPAC) according to people familiar with the matter. The process is at an early stage and plans could change, the report added....
SoftBank’s Vision Fund posts best quarter since launch in 2017

SoftBank’s Vision Fund posts best quarter since launch in 2017

SoftBank Group Corp. reported a record profit in its Vision Fund as a surging stock market lifted the value of its portfolio companies. The Vision Fund reported a 844.1 billion yen ($8 billion) profit in the December quarter, surpassing record numbers set just a...
HIG joins private equity pack circling KPMG’s restructuring arm

HIG joins private equity pack circling KPMG’s restructuring arm

HIG Europe has joined a pack of private equity bidders vying to buy the UK restructuring arm of KPMG. HIG is one of four parties shortlisted to acquire the business, which was put up for sale last year, Sky News first reported. It is understood Intermediate Capital...