Rich guys like to own professional sports teams. Private equity produces a lot of rich guys. So it’s little surprise that buyout billionaires have been snapping up NBA franchises for the past two decades. In recent years, a few of those franchises have achieved...
Allegretti, who joins Arbor Investments in March, was most recently managing partner of Deloitte’s Chicago office. A former Deloitte executive will become the new president of a Chicago equity firm focused on food and beverage companies. Carl Allegretti has been...
Moonfare, the Berlin-based FinTech platform that provides access to Private Markets investment managers, has recently announced the addition of a new PE Buyout fund to its offering. What is the fund’s investment strategy? The recently launched fund has outperformed...
Two groups of private-equity firms are through to the next round in the heated takeover battle for Thyssenkrupp AG’s $17 billion elevator business, a sale which could rank as one of the biggest deals globally this year. The shortlist of potential buyers consists of a...
Philip Falcone is in the crosshairs of an activist investor who wants to remove him — along with the rest of the board — from HC2 Holdings Inc. MG Capital, run by former Third Point executive Michael Gorzynski, wrote in a letter to shareholders Tuesday...
