Brad Meikle
A U.S. judge on Tuesday rejected New York financier Lynn Tilton’s bid to block the U.S. Securities and Exchange Commission from trying her before an administrative judge for defrauding investors, Reuters reported.
Centerbridge Partners LP is in advanced talks to acquire household cleaning and personal care products maker KIK Custom Products Inc for around $1.6 billion, including debt, according to people familiar with the matter, Reuters reported exclusively.
General Electric Co said it would sell its European private equity financing business to a unit of Japan’s Sumitomo Mitsui Banking Corp (SMBC) for $2.2 billion, Reuters reported.
Kohlberg Kravis Roberts & Co. will pay nearly $30 million to settle civil charges that it misallocated more than $17 million in expenses and breached its fiduciary duty to clients, U.S. regulators said, according to Reuters.
Tom Kennedy has led Canadian alternative assets manager and advisor Kensington Capital Partners for nearly two decades based on a key principle: Always put your own money up.
Acasta Enterprises Inc plans to raise C$275 million ($222.08 million) through an initial public offering in Toronto, joining a line of special purpose acquisition corporations (SPACs) with high-profile backers raising public capital to pursue acquisitions, Reuters reported.
When U.S. companies go bust, bankruptcy laws ensure workers are among the first to get paid. Now an unconventional settlement in an obscure case threatens to turn that guarantee on its head, Reuters reported.
Online home-rental marketplace Airbnb Inc is closing on a $1.5 billion fundraising that would boost the company’s valuation to $24 billion, the Financial Times reported, according to Reuters.
Bridge Growth Partners, the New York City-based private equity firm founded two years ago by veterans of Vestar Capital Partners and New Mountain Capital, has collected $310.28 million for its debut buyout fund, according to regulatory filings.
Insight Equity has closed its third private equity fund at $639 million, falling short of its $750 million target. Despite this shortfall, Ted Beneski, CEO and managing partner of the firm, said he and his team are pleased with the amount raised.