In Carlos Tavares, Fiat Family Finds Heir to Marchionne Legacy

As the scion of the Agnelli family’s industrial dynasty, John Elkann honed his management skills under Sergio Marchionne, who brought Fiat back from the brink before turning it into a global force with the purchase of Chrysler. When Marchionne died suddenly last year,...

Xerox in $33 billion bid for HP

U.S. printer maker Xerox Holdings Corp has made a roughly $33 billion cash-and-stock offer for personal computer maker HP Inc, a company more than three times its size, people familiar with the matter said on Wednesday. HP confirmed the bid, but declined to disclose...

Private equity firms step up plans to recruit ESG specialists

In addition to recruiting more ESG-dedicated staff, buyout groups are also drafting plans to increase diversity Private equity firms are planning a hiring spree to increase the number of dedicated responsible investment professionals they employ, as pressure to...

MBK plans to raise $6 billion buyout fund for North Asian deals

North Asia-focused private-equity firm MBK Partners is targeting as much as $6 billion for its fifth buyout fund, said two people with direct knowledge of the matter, adding to a list of buyout firms chasing capital for investing in the region. The firm, set up in...