Steve Ballmer, billionaire owner of the L.A. Clippers NBA team and former CEO of Microsoft, has been a major philanthropist for years. Now he’s investing $400m to support Black-owned businesses. Ballmer, along with wife Connie Ballmer, will partner with established...
Doral Renewables has entered into an agreement to sell up to $500m of convertible notes to funds managed by Apollo affiliates and Migdal Insurance, a leading Israeli insurance and pension company. The Notes are convertible to common equity interests in the company at...
Vertex Ventures, backed by Singapore state investor Temasek, is set to raise nearly $500m for a new fund that will invest in efforts to step up China’s domestic tech development, a senior executive said. The new fund’s size will exceed an initial target of...
Ping Identity, the intelligent identity solution for the enterprise, announced the completion of its acquisition by Thoma Bravo, a leading software investment firm, in an all-cash transaction valued at approximately $2.8bn. The agreement to be acquired was previously...
Carlyle Group’s credit arm has invested a combined $1.5bn in the debt of two of the highest profile deals of the year so far, the buyout of Citrix Systems Inc and Nielsen Holdings Plc, according to a report by Bloomberg. The report cites unnamed sources as... 