Private equity groups have won a key concession for UK companies they own to access taxpayer-backed loans to help survive the pandemic, after the Treasury relaxed criteria used by banks to judge eligibility for bailout borrowing. Private equity-backed groups, such as...
UK bookmaker William Hill has received takeover proposals from Apollo Global Management and casino group Caesars Entertainment just weeks after it announced plans for a series of store closures due to coronavirus. Apollo, the US private equity group that is bidding to...
Genesis Park Acquisition, a blank check company formed by Genesis Park targeting the aviation industry, filed on Friday with the SEC to raise up to $200 million in an initial public offering. The Houston, TX-based company plans to raise $200 million by offering 20...
If you own a company or work in the banking sector, you may be hearing the term “SPAC” 10 times a day now. It seems to be an increasingly common belief that SPACs are becoming the new go-to alternative to private equity fundraising. I traded SPACs in the...
American Airlines AAL.O said on Friday it has secured a $5.5 billion government loan and could tap up to $2 billion more in October depending on how the U.S. Treasury allocates extra funds under a $25 billion loan package for airlines. Airlines have until Sept. 30 to...
