Apollo drops takeover offer for education group Pearson

Apollo drops takeover offer for education group Pearson

Education group Pearson has rejected a third takeover offer from Apollo, valuing it at $8.8bn, prompting the U.S. investment company to walk away and sending its shares down 12%. Pearson revealed earlier this month that it had rejected two takeover approaches from...
Nielsen agrees to $16bn private equity takeover

Nielsen agrees to $16bn private equity takeover

The media measurement firm Nielsen Holdings, facing intense competition and criticism as it tries to make the transition to digital audience tracking from its longstanding TV business, said on Tuesday that it had agreed to be acquired by a private equity consortium...
Los Angeles Pension Ramps Up Private-Equity Investing

Los Angeles Pension Ramps Up Private-Equity Investing

The Los Angeles City Employees’ Retirement System is increasing the amount of capital its staff can commit to private equity without preapproval as part of a bid to form fewer but larger relationships with fund managers and get better legal and economic terms for...