Carlyle Group has sold UK-based software testing company Eggplant to Keysight Technologies for $330m. The firm scored a seven times return on the exit, a person familiar with the matter told Private Equity News. Eggplant provides automated and AI-driven software...
Bain Capital LP agreed to buy collapsed airline Virgin Australia Holdings Ltd. in one of the biggest single bets on the industry since it was shattered by the coronavirus pandemic. Administrator Deloitte named Bain as the airline’s new owner on Friday, hours after...
Storyblocks, the subscription-based stock media service, today announced that it has been acquired by private equity firm Great Hill Partners. The firm previously backed companies like Wayfair (and then exited that specific investment in 2017) and Custom Ink. Great...
Amazon.com Inc said on Tuesday it will launch a $2 billion venture capital fund that will focus on technology investments to reduce the impact of climate change and support sustainable development. The Climate Pledge Fund will invest in companies across industries...
Steve Schwarzman, the boss of heavyweight private equity investment firm Blackstone Group, believes the recovery from COVID-19 will be gradual but V-shaped. A so-called “V-shaped” recovery assumes a gradual recovery without any setbacks whatsoever. In an interview...
