Uber Technologies is selling a stake in its Uber Freight truck brokerage arm for $500m to investors in a funding round led by Greenbriar Equity Group, pumping fresh cash into a business that has been growing rapidly while also losing money at a fast clip. The planned...
The British billionaire Issa brothers and private equity group TDR Capital have agreed to buy the British supermarket chain Asda from Walmart WMT.L for an enterprise value of $8.8 billion and plan to roll out more smaller stores. The deal will enable Mohsin and Zuber...
BlackRock has performed a volte-face and launched a swap-based equity exchange traded fund, entering a market it had avoided for nearly a decade following chief executive Larry Fink’s vehement criticism of the structure. “BlackRock has been the flag-bearer for...
A pair of insurance companies made a bid for American Equity Investment Life Holding last month, in a bet that the small Iowa insurer’s retirement income products will continue to be popular with conservative savers. Massachusetts Mutual Life Insurance and the...
Madrid-based fund manager Arcano Asset Management has launched a secondary private equity fund, its fourth vehicle of this type, which aims to raise €300m. Arcano Secondary Fund XIV is expected to capitalise on attractive prices derived from the “uncertainty...
