Carlyle has acquired Siemens’ Flender mechanical and electrical drive technology business for €2bn. Headquartered in Bocholt, Germany, and active in 35 countries including across Europe and Asia, Flender employs about 8,600 people and had sales of €2.2bn in FY20. The...
BlackRock, the world’s largest asset manager, has called for the creation of a single global sustainability standard, claiming existing frameworks are making it difficult to compare companies and leading to confusion for investors. “BlackRock is calling for...
Investment Management Corp. of Ontario, a money manager for pension funds in the Canadian province, has committed C$1 billion ($750 million) to three funds as it looks to boost its private equity operations. The pension fund said it’s investing in Kohlberg Investors...
Veritas Capital, a longstanding investor in companies operating at the intersection of technology and government, today announced the successful final close of its Veritas Capital Credit Opportunities Fund with $400 million of aggregate committed capital. The closing...
Blackstone posted slightly higher net earnings for the third quarter as its focus on technology-related investments helped its private equity portfolio rise above already buoyant broader markets. Blackstone posted net income of $794.7m, or $1.13 a share, for the third... 