After two brothers from Blackburn in northern England beat the Wall Street behemoth Apollo in the race to buy Asda this month, they were riding high. Mohsin and Zuber Issa — who partnered with buyout group TDR Capital for the £6.8bn deal — were praised by chancellor...
Swimming pool supplies retailer Leslie’s Inc said on Thursday it was planning to raise up to $640 million through its initial public offering (IPO). The company, which is backed by private equity firm L Catterton, is offering 40 million shares priced between $14 and...
Swedish private equity firm EQT said it invested €6bn during the third quarter of 2020, with assets under management rising 16% from the end of the previous quarter. EQT said assets under management rose to €46.5bn at the end of September from €40.1bn at the end of...
Canada’s Sun Life Financial Inc. said it agreed to to buy 51% of Crescent Capital Group for as much as $338 million, bolstering its asset management business with one of the largest investors in alternative credit. Crescent, which is based in Los Angeles and manages...
Private equity giant Blackstone today announced a radical decree that the boards of all the companies it invests in must have at least 30% of directors from “diverse” backgrounds. As well as meaning BAME or LGBTQ people, Blackstone’s definition of diversity includes...
