Vista Equity’s Robert Smith Under Federal Tax Investigation

Vista Equity’s Robert Smith Under Federal Tax Investigation

Robert Smith, the billionaire co-founder of private equity firm Vista Equity Partners, is under federal investigation on questions over tax compliance involving $200 million in assets moved through offshore entities, according to Bloomberg Investigators are probing...
Billionaire Jack Ma pushes ahead with Ant Group IPO

Billionaire Jack Ma pushes ahead with Ant Group IPO

When Ant Group Co. goes public later this year, the Chinese financial-technology behemoth will likely earn a stratospheric market valuation that would place it at the top of companies listing globally for the first time. In the coming days, the company controlled by...
Exeter Capital Aims to Raise $400 Million for Debut Fund

Exeter Capital Aims to Raise $400 Million for Debut Fund

Boston-based private-equity firm, Exeter Capital, is seeking $400 million for its debut fund, and is marketing it despite disruptions from the coronavirus pandemic, people familiar with the matter said. The consumer-focused private-equity firm was founded in 2018 by a...
Blackstone Gains $5 Billion on Cheniere LNG Stake

Blackstone Gains $5 Billion on Cheniere LNG Stake

Blackstone Group Inc. will see a $5 billion gain from selling a stake in the largest liquefied natural gas export terminal in the U.S. The firm’s private equity business is unloading its stake of just over 40% of Cheniere Energy Partners LP to Brookfield Asset...
Visa gains approval for $5.3bn takeover of data-sharing firm Plaid

Visa gains approval for $5.3bn takeover of data-sharing firm Plaid

The UK’s Competition and Markets Authority has given the green light to Visa’s $5.3bn takeover of fintech data-sharing firm Plaid — after judging that London’s vibrant fintech scene would provide plenty of further competition, even once the pair join forces. Visa...