General partners are seeking changes to increase investments in portfolio companies hit by pandemic and to back new strategies Private equity firms increasingly are asking to amend their limited partner agreements with investors as the coronavirus pandemic crisis...
Facebook Inc. will invest $5.7 billion in the digital assets controlled by Asia’s richest man, the U.S. social-networking giant’s biggest deal since the 2014 purchase of WhatsApp as it seeks a broader foothold in its biggest global market. The U.S. company will buy...
The parent of a blank-check company that helped Virgin Galactic Holdings Inc. go public has increased the size of a new U.S. initial public offering to raise $720 million, according to people with knowledge of the matter. Social Capital Hedosophia Holdings Corp. III...
Private equity firm Roark Capital Group has invested $200 million in publicly-traded Cheesecake Factory, a preferred stock deal that will help the dining chain steer through the Covid-19 downturn. As part of the agreement, Roark president Paul Ginsberg will join the...
Virgin Australia Holdings Ltd. became Asia’s first airline to fall to the coronavirus after the outbreak deprived the debt-burdened company of almost all income. Administrators at Deloitte, who have taken control of the Brisbane-based carrier, aim to restructure the... 