Ackman’s Blank Check Company Could Raise Up to $6.45 Billion

Ackman’s Blank Check Company Could Raise Up to $6.45 Billion

Bill Ackman’s blank check company is seeking to raise as much as $6.45 billion through an initial public offering combined with a commitment from the billionaire’s hedge fund. The company known as Pershing Square Tontine Holdings Ltd. doesn’t specify what sectors it...

Bridgepoint acquires EQT’s credit business

EQT has sold its €4 billion credit division to London-based Bridgepoint. EQT Credit will be combined with  the buyer’s own credit business to create an entity with around €7 billion in assets under management. The deal will boost the Bridgepoint’s presence...
Jio rakes in another $1.5B from Saudi Arabia’s PIF

Jio rakes in another $1.5B from Saudi Arabia’s PIF

Saudi Arabia’s Public Investment Fund will inject 113.7 billion rupees (about $1.5 billion) in Jio Platforms, the digital unit of Indian telecom company Reliance Industries. The investment represents a 2.32% stake and gives Jio an equity valuation of 4.91...
Advent Bids for Stake in Italian Soccer League Serie A

Advent Bids for Stake in Italian Soccer League Serie A

Advent International has entered the race for a stake in Serie A, the Italian soccer league that’s already considering offers from rival private equity firms CVC Capital Partners and Bain Capital, according to people familiar with the matter. Advent has made a bid for...