Brad Meikle

Apollo is struggling to stick to its mission, says Reuters Breakingviews columnist Jeffrey Goldfarb.

GI Partners is buying the real estate software company MRI Software LLC for an undisclosed sum from the technology focused private equity firm Vista Equity Partners, the firms said on Wednesday, Reuters reported.

Standard Chartered board member V. Shankar is leaving the London-based bank to launch a private $750 million-$1 billion private equity fund focused on Africa, the Middle East, South Asia and Southeast Asia, he said on Wednesday, Reuters reported.

Private equity firm Silver Lake Partners LP said it would lead a $500 million investment in Qunar Cayman Islands Ltd, the Chinese travel website controlled by the country’s internet search engine company Baidu Inc, Reuters reported.

OM Group Inc, a maker of magnetic and battery technologies and specialty chemicals whose sales have fallen for the past two years, has agreed to be taken private by Apollo Global Management LLC for about $1.03 billion in cash, Reuters reported.

The SEC is taking cybersecurity seriously – and it wants sponsors to do the same.

As General Electric Co seeks to unload most of its finance assets, it is prioritizing the sale of businesses that provide lending to U.S. and European private equity firms, and to healthcare-related businesses, GE Capital’s top executive said on Wednesday, Reuters reported.

European private equity firm Cinven has agreed to buy French medical diagnostics provider Labco SA for 1.2 billion euros ($1.31 billion), a person familiar with the deal told Reuters.

The operating unit of sponsor-backed Caesars Entertainment Corp received court approval on Wednesday to remain in control of its bankruptcy for another six months, Reuters reported.

British fund manager Aberdeen Asset Management said on Wednesday it had agreed to buy U.S. private equity and real asset-focused peer Flag Capital Management for an undisclosed amount, according to news service Reuters.