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Blackstone Vet to Launch Largest ‘Blank Check’ IPO Since Financial Crisis
Chinh Chu, the veteran dealmaker who ended a 25-year career at Blackstone Group bx last year, is preparing to launch an acquisition company that could raise up to $1 billion in a U.S. initial public...
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Yum Is in Talks to Sell a Stake in China Business to KKR
Yum Brands Inc yum , owner of KFC and Pizza Hut, is in talks with private equity firms including KKR & Co LP kkr and Hopu Investments to sell a minority stake in its China operations as it prepares...
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Private Equity Vet Accused of Stealing $25 Million in Charity Rip-off Scheme
Andrew Caspersen, a senior private equity executive with PJT Partners PJT , has been arrested and charged with attempting to defraud investors out of around $95 million. In addition to the criminal...
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Private Equity Managers Could Run Your 401(k) Someday
What's one of the biggest differences between pension funds and endowments, on the one hand, and the average retirement portfolio? Big institutional funds often have large allocations dedicated to...
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Silver Lake Buys Into Ancestry.com at $2.6 Billion Valuation
Private equity firm Silver Lake and Singaporean sovereign wealth fund GIC have agreed to acquire equal minority stakes in Ancestry.com, in a deal that values the genealogy website at $2.6 billion. This...
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A London Investment Firm Is Launching the World’s First Space Fund
Venture Capitalists are now targeting the final frontier. In late May, a London-based investment firm Seraphim Capital plans to launch the very first venture capital fund solely focused on space. The...
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Bain Capital Memo Details Management Changes
Bain Capital is reorganizing its senior management and rebranding a number of its business units, according to an investor memo obtained by Fortune. The Boston-based investment firm has named longtime...
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Daily Mail’s Parent Talking With Private Equity To Buy Yahoo
(Reuters) – The parent company of the British newspaper, the Daily Mail, is in talks with several private equity firms about a possible bid for Yahoo, the Wall Street Journal reported on Sunday. Daily...
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Newt Gingrich Joins Private Equity Firm, 4 Years After Slamming Romney’s Bain...
Here are eight words I never expected to write: Newt Gingrich just joined a private equity firm. You might recall that the former House Speaker slammed Mitt Romney for his private equity dealings at...
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SEC Charges Texas Attorney General with Fraud
The Securities and Exchange Commission today filed fraud charges against current Texas Attorney General Ken Paxton. The charges are related to an investment in a Texas tech startup that Paxton helped...
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McDonald’s Eyes Private Equity Firms For Sale of Restaurants in Asia
McDonald’s Corp is targeting private equity firms, including Bain Capital, MBK Partners, TPG Capital Management and Chinese state-backed conglomerate China Resources (Holdings) for its planned sale of...
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Riverside Company Partners Spin Out, Launch New Buyout Firm
Three investors with private equity firm The Riverside Company are spinning out to hang their own shingle, which will be called Align Capital Partners. The plan is to invest in smaller companies than...
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Carlyle Group Wants to Buy Halliburton and Baker Hughes Assets
The Carlyle Group has entered the auction for assets that oilfield service providers Halliburton and Baker Hughes aim to divest to secure antitrust approval for their merger, a person familiar with the...
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Ex-NFL Pros Out at VC Firm They Co-Founded
Sixteen years ago, retired professional football players Brent Jones and Tommy Vardell founded a Silicon Valley venture capital firm called Northgate Capital. It focused on backing funds managed by...
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KKR Just Posted Its Second Quarterly Loss This Year
Private equity firm KKR & Co kkr reported its second loss in quarterly earnings in less than a year on Monday as volatile financial markets dragged on the value of its investments. The New...
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The Public Markets Are So Hostile Tech Company Delistings Could Top IPOs This...
This essay originally appeared in Data Sheet, Fortune's daily tech newsletter. Sign up here. Experts expect the value of tech companies going private could top the value of tech IPOs this year. Last...
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Florida Gets a New Private Equity Firm
John Caple has stepped down as a partner with Comvest Partners, in order to launch a new lower middle-market private equity firm with David Block, who is in the process of resigning as president and...
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Yahoo’s Most Vocal Critic Is Now on Its Board
Yahoo might not have a suitor just yet, but it did make a rather surprising move on Wednesday. The beleaguered search company just announced that it has brought on four new independent directors to its...
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Dell-EMC Reveals Its New Name
Once Dell Inc. completes its $59 billion merger with EMC Corp. EMC later this year, the combined company will be known as Dell Technologies. That’s just one of the announcements expected from Dell CEO...
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Here’s Proof Media Startups Can Succeed Without Venture Capital
Bisnow, a trade publication and events company based in New York City, has been acquired by Wicks Group, a private equity firm. The deal value was not disclosed, but Fortune has learned the price was...
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