Brad Meikle
Italy’s Agnelli family has agreed to sell real estate services group Cushman & Wakefield to DTZ in a deal that values the U.S.-based firm at around $2 billion, Reuters reported.
Comcast Corp on Monday named Carlyle Group LP Co-President Michael Cavanagh as chief financial officer, bringing on a prominent dealmaker after its failed attempt to acquire Time Warner Cable Inc, Reuters reported.
Apollo Global Management LLC is in talks to buy ASG Security and combine it with another home security company it is acquiring, Protection 1, valuing them collectively at about $2 billion, people familiar with the matter told Reuters Monday.
Blackstone Group cut its stake early Monday in Hilton Worldwide to below 50 percent in a $2.69 billion stock sale, the largest ever selldown by a private equity sponsor through a block trade, Reuters reported.
A lawyer for New York private equity executive Lynn Tilton urged a U.S. judge on Monday to block the U.S. Securities and Exchange Commission from trying her before an administrative judge for defrauding investors, Reuters reported.
David Grim, a 20-year veteran at the U.S. Securities and Exchange Commission, was tapped on Friday to serve as the head of the unit tasked with regulated asset managers, the agency said.
At least five senior Statoil executives and engineers have left the Norwegian oil giant’s North Dakota unit to form their own U.S. exploration and production company backed by $500 million in private equity, Reuters reported.
Blackstone Group LP has secured $17 billion from investors for its latest global private equity fund in just seven months, the biggest so-called first close of a buyout fund ever, people familiar with the matter told Reuters.
Private equity firm Warburg Pincus LLC led a group of investors putting $100 million into eDaijia, which provides services in China similar to online ride-hailing service Uber, Reuters reported.
Perstorp is sounding out investors on a potential bond refinancing of costly outstanding debt, according to sources, as the Swedish chemicals firm looks to build on a recent revamp of its business, Reuters reported.