Canada’s Sun Life Financial Inc. said it agreed to to buy 51% of Crescent Capital Group for as much as $338 million, bolstering its asset management business with one of the largest investors in alternative credit. Crescent, which is based in Los Angeles and manages...
Private equity giant Blackstone today announced a radical decree that the boards of all the companies it invests in must have at least 30% of directors from “diverse” backgrounds. As well as meaning BAME or LGBTQ people, Blackstone’s definition of diversity includes...
TPG is nearing the target for its latest impact-investment fund, more than a year after fundraising was thrown into disarray by a top executive’s arrest in a college admissions cheating scandal. The firm has gathered $2.17bn for its Rise Fund II and parallel vehicles,...
London-based Oakley Capital is set to acquire the consumer healthcare company WindStar Medical from ProSiebenSat.1 for an enterprise value of € 280m. The German broadcaster said it is disposing of the 92% stake in WindStar owned by its technology subsidiary NuCom,...
SPACs have played a big role in reviving the US market for initial public offerings. So for the sluggish London IPO market, which hasn’t seen a single SPAC listing this year, a comeback would be a welcome development. When Mariposa Capital founder Martin... 