Private equity group Blackstone has sold its stake in Rothesay Life, one of the UK’s biggest privately owned insurers, for £2.1bn in a deal that values the company at £5.75bn. Blackstone has been a major shareholder in Rothesay since 2013 when it bought a 29 per cent...
William Hill Plc has chosen to sell itself to a rival rather than private equity, yet the 2.9 billion pound ($3.7 billion) deal could still end up in a breakup of the U.K. gambling company. Caesars Entertainment Inc.’s takeover bid was accepted by William Hill’s...
General Atlantic will invest 36.8 billion rupees ($498 million) in billionaire Mukesh Ambani’s retail venture as Asia’s richest man continues to garner funds after securing more than $20 billion for his digital services unit earlier this year. The private equity firm...
A resurgence in mergers and acquisitions activity led to the busiest summer for blockbuster deals in three decades, as executives reshaped companies to cope with the fallout from the pandemic and private equity groups pounced on targets. The combined value of...
Abu Dhabi sovereign wealth fund Mubadala Investment is making an investment in Silver Lake and contributing $2bn to help the technology-focused private equity firm launch a new long-term strategy, according to people familiar with the matter. Mubadala will take a...
