Brad Meikle
(Reuters) - Shares of trendy hamburger chain Shake Shack Inc soared 150 percent in their first few minutes of trading on Friday, valuing the company that grew out of a hotdog cart in New York’s Madison Square Park at nearly $2 billion.
Blackstone Group LP, the world’s largest alternative asset manager, reported a 6 percent decline in fourth-quarter profit on Thursday as its real estate funds appreciated less than they did a year ago, according to Reuters news service.
The private equity firm TPG Capital LP has sued former spokesman Adam Levine, accusing him of taking confidential documents and distributing them to the New York Times and other media after being denied a promotion to a partnership position, according to Reuters news service.
(Reuters) - ClickTale, whose software enables website owners to see how people behave on their sites, has raised $35 million in a funding round led by KKR, marking the U.S. private equity firm’s first investment in Israel’s tech sector.
(Reuters) - The London Stock Exchange Group Plc plans to put Russell Investments up for sale in mid-February and hopes to fetch around $1.4 billion for the unit, two sources told Reuters Wednesday.
In 2006, Hellman & Friedman acquired a minority interest in Artisan Partners, a Wisconsin-based investment management firm. Artisan was organized as a partnership at the time of the investment. Hellman & Friedman and Artisan opted to leave Artisan’s partnership structure in place following the investment rather than converting the company to a C corporation.
The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers, Reuters reports.
Atlas Merchant Capital, founded by ex-Barclays chief executive Bob Diamond, has set out to raise an estimated $1 billion for a fund earmarked for investments in financial services around the world. Will investors see past some red flags to the vast opportunity beyond?
By all accounts 2014 will be a banner year for Canada’s private equity market. The whole story will be told when Thomson Reuters publishes its year-end market report in the coming weeks.
A senior U.S. Securities and Exchange Commission official said any enforcement cases against private equity firms over how they handled fees and expenses could take years to build, but that may not be necessary in many instances, Reuters reported Jan. 22.