Special purpose acquisition company is a boring name for something generating a ton of excitement in financial circles this year. How about “blank check companies” — that’s more appealing. Or the idea of billion-dollar pools of cash, or the chance to buy into...
TV licence collector Capita is being circled by private equity barons, the Mail can reveal. The troubled FTSE 250 outsourcer – whose share price has fallen more than 80 per cent this year – is in CVC Capital Partners’s cross hairs. But CVC, one of Europe’s largest...
The company backed by Fortress Investment Group’s private-equity funds plans to build two phases of a Las Vegas rail project concurrently, although it has yet to secure financing or break ground. The venture that goes by the name of DesertXpress Enterprises in...
A buyout consortium led by Blackstone Group Inc and Global Infrastructure Partners (GIP) has made an offer to acquire U.S. railroad operator Kansas City Southern (KSU), according to people familiar with the matter. KSU is recovering from what it has called a...
Michael Jordan is the latest owner of a major U.S. sports franchise to push into the gambling space, joining New England Patriots owner Robert Kraft and Dallas Cowboys owner Jerry Jones. The NBA legend is receiving an equity interest in DraftKings Inc. in exchange for...
