Jupiter Fund Management Plc snapped up rival U.K. asset manager Merian Global Investors as the industry faces pressure to consolidate. The British fund manager will make a payment of 370 million pounds ($482 million) through the issue of new Jupiter stock to Merian...
Intermediate Capital Group (ICG) has announced the appointment of Uzair Dossani, Evan Eason and Kevin Gregory to its North American Mid-Market Private Equity team, based in New York. The three highly experienced individuals, who have over 50 years’ combined...
Dell Technologies Inc. has sold one of its cybersecurity units, RSA, to a consortium led by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners, part of the computer maker’s efforts to streamline its business. The $2.08 billion...
Family offices are planning to increase their exposure to private equity — the second biggest allocation in their portfolios — amid doubts that hedge funds can protect their wealth in a downturn, according to UBS. Wealthy families aren’t showing hedge funds much love,...
SoftBank Group Corp.’s stock climbed after it unveiled plans to borrow as much as 500 billion yen ($4.5 billion) by putting up shares of its Japanese telecom unit as collateral, raising capital for the investment giant’s operations. The money for the two-year loan,... 