Ares appoints new head of European private equity

Ares appoints new head of European private equity

The firm has said it sees a significant opportunity for expansion of its private equity business in Europe Ares Management Corporation has hired Stephane Etroy from Caisse de dépôt et placement du Québec as head of European private equity. Etroy will join the firm on...
TPG Is Raising New Fund Focused on Public Company Stakes

TPG Is Raising New Fund Focused on Public Company Stakes

The Barbarians are back at the gates, only this time they say they want to help. Private equity giant TPG is raising a fund to invest in public companies and will offer its experience to aid better decision making, according to people familiar with the matter. The...
Visa to Buy Plaid for $5.3 Billion in Bid to Reach Startups

Visa to Buy Plaid for $5.3 Billion in Bid to Reach Startups

Visa Inc. grew into one of the world’s most valuable financial companies by serving as the pipes that help connect banks and merchants. Now, it’s making a major bet on doing the same for data between banks and financial startups. Visa agreed to pay $5.3 billion for...