Triton takes Swedish IT consultant HiQ private in €387m deal

Triton takes Swedish IT consultant HiQ private in €387m deal

Private equity firm Triton Partners has completed the acquisition of listed Swedish IT company HiQ International for SEK 72 per share. The shares tendered in the public offer amount to 50.87 million shares, or 91% of the shareholding and voting rights in the company....
Wells Fargo Explores Asset-Manager Sale as Industry Consolidates

Wells Fargo Explores Asset-Manager Sale as Industry Consolidates

Wells Fargo & Co. is exploring the sale of its asset-management unit as the biggest banks choose paths of diving deeper into the business or getting out. The Wells Fargo unit could fetch more than $3 billion, according to a person briefed on the matter, who said...
Risky PIK deals pitched by private equity to yield-hungry investors

Risky PIK deals pitched by private equity to yield-hungry investors

Private equity firms are testing investors’ appetite for returns with new sales of payment-in-kind bonds that offer juicy interest rates but are among the riskiest deals since the Covid crisis began. The re-emergence of PIKs underscores how fixed-income investors are...
Revolution Is Brewing Across Europe’s Richest Soccer Leagues

Revolution Is Brewing Across Europe’s Richest Soccer Leagues

Europe’s top soccer leagues are in a state of upheaval. Revenue has plummeted as attendance at matches has been restricted. Broadcasters have demanded rebates for games canceled by the virus. And teams, who in normal times spent much of their revenue buying high...