Asian Suitors Said to Advance in $4 Billion Philips Unit Bidding

Asian Suitors Said to Advance in $4 Billion Philips Unit Bidding

Royal Philips NV has shortlisted a clutch of Asian suitors in the bidding for its home appliance unit, which could fetch at least 3 billion euros ($3.7 billion), people with knowledge of the matter said. Philips invited Chinese buyout firm CDH Investments and domestic...
Oak Hill Closes Fifth Fund at $3.8 Billion

Oak Hill Closes Fifth Fund at $3.8 Billion

Oak Hill Capital today announced that it has successfully closed Oak Hill Capital Partners V, a ~$3.8 billion private equity fund. OHCP V was significantly oversubscribed, surpassing its target of $3.0 billion and exceeding Oak Hill Capital Partners IV by over 40%....
SPACs face increasing hurdles in race to get deals done

SPACs face increasing hurdles in race to get deals done

An exclusive club of SPACs backed by private equity, venture capital and hedge fund titans may have a New Year’s resolution: Deploy tens of billions of dollars, upend the conventional IPO and deliver huge returns with modest risk. And they have less than two...