Private equity group KKR cashes out completely from Trainline

Investor group raises gross proceeds of £279m after selling 68m shares. A group of Trainline investors, led by its biggest shareholder KKR, have cashed out completely from the online rail bookings company, months after the group had one of this year’s most successful...

Morgan Stanley Is Latest Bank to Offer $1 Trillion Aramco Spread

Morgan Stanley is one of the most bearish — and bullish — on Saudi Aramco’s valuation. In a presentation for investors, Morgan Stanley bankers ran through several valuation models that gave a spread of about $1 trillion between the most bearish and bullish scenarios....

CVC raises $1.6bn for mid-market technology deals

CVC is one of a growing number of buyout firms in recent years to raise funds focused exclusively on smaller investments in the technology sector. Global buyout firm CVC Capital Partners has raised $1.6bn to invest in growing technology companies, the latest in a wave...