by Sebastian | Feb 17, 2023 | News
U.S. private equity firm TPG is in advanced talks to buy Malaysian private education assets owned by regional buyout firm KV Asia Capital in a deal that could be worth more than $300m, three sources with knowledge of the matter told Reuters. An agreement could be...
by Sebastian | Feb 17, 2023 | News
Truist Financial is selling a minority stake in its insurance brokerage unit to private equity firm Stone Point Capital in a deal that values the unit at $14.75bn, it said on Thursday. The move follows a year in which the commercial and investment bank’s profit...
by Sebastian | Feb 17, 2023 | News
Saudi Arabia’s sovereign wealth fund has invested a total of $1.3bn in four local construction firms to support the sector tasked with spearheading projects across the kingdom, it said on Tuesday. The Public Investment Fund said it acquired new shares as part of...
by Sebastian | Feb 17, 2023 | News
Finastra, a financial technology company owned by buyout firm Vista Equity Partners, is exploring a sale of its banking unit for as much as $7bn, five people familiar with the matter said on Tuesday. The London-based company is in the process of carving out the...
by Sebastian | Feb 17, 2023 | News
Basketball idol Michael Jordan played hardball with Carmelo Anthony at the negotiating table in 2011. It inspired the younger NBA star on a business journey that has led him this week to forming a $750m private equity fund, Isos7 Growth Equity. “We’re fighting for a...
