Exclusive: AppLovin to Be Acquired by Chinese Investor for $1.4 Billion
Unlike most advertising technology startups, San Francisco-based AppLovin never raised any traditional venture capital. Instead, it was bootstrapped, profitable by the end of its first month and backed...
View ArticleSilver Lake Explores Sale of Vantage Data Centers
Private equity firm Silver Lake Partners is exploring a sale of Vantage Data Centers that it hopes will value the U.S. company at well in excess of $1 billion, including debt, people familiar with the...
View ArticleHere’s the Most Likely Buyer of Twitter and What It Will Do
Not that long ago, Twitter’s share price was soaring, based on repeated rumors that everyone from Google to Disney might be interested in acquiring it. But the stock has come back to earth with a...
View ArticleThis Company Is Trying to Raise the World’s Largest Private Equity Fund
The largest private equity fund ever raised was by The Blackstone Group in 2006, with $21.7 billion in capital commitments. Until last night, when SoftBank announced that it is in the process of...
View ArticlePrivate Equity’s Canadian Tax Imbalance
Canadian public pension funds have long been part of the private equity landscape, primarily as passive investors in third-party funds managed by large buyout firms. But over the past decade, certain...
View ArticleSupervalu to Sell Save-a-Lot to Canada’s Onex for $1.37 Billion
Supervalu Inc said it would sell its Save-A-Lot business to Canadian private equity firm Onex Corp for $1.37 billion, more than a year after making public plans to spin off the discount grocery chain....
View ArticleSmaller Deals in Focus as Big Private Equity Fades in Africa
A family-owned grocery chain selling lychees and almond milk would have been an unlikely target when giant private equity funds were spending big in Africa. But as times have got tougher for investors,...
View ArticleAmerica’s Biggest Pension Fund Just Revealed What It Pays Its PE Money Managers
The California Public Employees’ Retirement System said on Monday it shared about 14% of the profit made on private equity investments in the past year with firms managing the money. The announcement...
View ArticleKKR Is in Talks to Sell This Drug Delivery Company for Over $5 Billion
Swiss pharmaceutical manufacturer Lonza Group on Monday confirmed it is in advanced talks with private equity firm KKR & Co to acquire Capsugel, a U.S. maker of capsule products and other drug...
View ArticleApple May Join Softbank’s $100 Billion Fund Pitched to Trump
Softbank Group is looking for investing partners as it assembles the world’s largest private equity fund and may connect with Apple for a small portion of the $100 billion it is seeking. The Japanese...
View ArticleKKR Just Sold This Drug Delivery Company for $5.5 Billion
Lonza Group announced its biggest ever acquisition on Thursday with a deal to buy Capsugel, a U.S. maker of capsule products and other drug delivery systems, for $5.5 billion in cash to broaden its...
View ArticleThe Limited Owner Almost Doubles Investment
Sun Capital Partners Inc, the private equity owner of Limited Stores LLC, disclosed on Friday it has almost doubled its investment in the troubled U.S. women’s apparel retailer, even as it announced...
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