Private Equity
Global private equity firm Bain Capital LLC has closed its new Asia-focused fund at $4.65 billion, a person with direct knowledge said on Tuesday, exceeding its target and adding to the region’s already record-high dry powder, Reuters reported.
2 min read · 18 December 2018
First Read begins the day with news that Lightspeed is raising its largest China fund yet, Oracle stock rose after the company reported better-than-expected earnings, and you are most likely to have a heart attack on Christmas Eve, according to a study.
1 min read · 18 December 2018
The year has seen a notable rise in single-asset fund restructurings.
2 min read · 18 December 2018
In Second Opinion, Malaysia files criminal charges against Goldman Sachs in connection with the 1MDB financial scandal, California drops its plan to tax text messages and Carlyle is reportedly close to a deal to acquire StandardAero for more than $5 billion.
1 min read · 17 December 2018
Private equity firm Carlyle Group LP (CG.O) is nearing a deal to acquire aviation services company StandardAero from Veritas Capital, another buyout firm, for more than $5 billion, including debt, sources told Reuters.
1 min read · 17 December 2018
This week’s jobs include private equity directors at Wellington and Zurich Insurance and a senior associate at Brookfield.
2 min read · 17 December 2018
3 min read · 17 December 2018
Spain’s state-held lender Bankia (BKIA.MC) said on Monday it had sold a portfolio of toxic assets with a gross value of 3.1 billion euros ($3.5 billion) to two subsidiaries of U.S. private equity firm Lone Star, Reuters reported.
2 min read · 17 December 2018
Standard Chartered PLC (STAN.L) has agreed terms for the sale of its private equity division, ending a more than two-year effort to shed a business the bank no longer deemed central to its strategy.
1 min read · 17 December 2018
The firm's Strategic Equity unit has also committed £316m to the spin-out team for new deals and follow-on investments.
2 min read · 17 December 2018
