Has COVID-19 delivered a death blow to the cruise industry? The luxury brand buyout specialists at L Catterton think not. As shares of Norwegian Cruise Line continued to sink like the Titanic—down 80% from the end of 2019 to $12 per share by late April—Scott Dahnke...
While traditional private equity investors invest three quarters of their capital in large companies, a new breed of investors are focusing on owner-led small businesses. In 1988, Jon Leonhardt dropped out of college. A few years later, he started taking on projects...
Commonwealth Bank of Australia (CBA.AX) said on Wednesday it will sell a 55% stake in unit Colonial First State to private equity firm KKR (KKR.N) for A$1.7 billion ($1.10 billion), in line with plans to focus on its core banking operations. Australia’s largest bank...
The entity behind Bamboo Sushi and QuickFish, a small group of seafood restaurants backed by Bain Capital’s impact investing strategy, will try to sell itself through bankruptcy after the virus lockdown strained its finances. Sustainable Restaurant Holdings operates...
Carlyle Group Inc. and Singapore sovereign-wealth fund GIC Pte. are using fake excuses to renege on buying a 20% stake in American Express Global Business Travel, according an unsealed lawsuit. A unit of the Qatar Investment Authority claims that Carlyle’s losses from...
