Capital One Financial Corp. (NYSE: COF) agreed to buy credit card lender Discover Financial Services (NYSE: DFS) in a $35 billion all-stock deal to create the largest U.S. credit card company by loan volume.
McLean, Va.-based Capital One will pay 1.
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Blackstone Inc. has agreed to acquire insurance firm American International Group Inc.’s $3.6 billion collateralized-loan obligation assets, according to people with knowledge of the matter.
The purchase would make Blackstone the largest manager of
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Dark Pulse, a technology company, has acquired Om Optel, a fiber optic cable manufacturer.
Om Optel is an ISO 9000 and ISO 14000 company that maintains a manufacturing facility for optical fiber cables. #Fiberopticsthemiddlemarket.com/latest-n…
Stellex Capital Management, a middle-market private equity firm with experience in industrial businesses and family successions, has made an investment in Bryden Capital Ltd. and MCP Group Ltd., together the MSS Group, a supplier and manufacturer of
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Private equity investors are struggling to make new commitments to funds because they’ve found themselves already over-allocated to the asset class and with less available capital on their hands, according to Blackstone’s Verdun Perry. #Fundraisingthemiddlemarket.com/news-ana…
Blackstone Inc. wrapped up a record $5.2 billion fund for deals that defy easy categorization and aren’t constrained by any particular investment style.
The fund, Blackstone Tactical Opportunities Fund IV, surpassed a $4 billion target for rounding up
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Blackstone Inc.’s $69 billion real estate fund for wealthy individuals said it will limit redemption requests, one of the most dramatic signs of a pullback at a top profit driver for the firm and a chilling indicator for the property industry.
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Private credit firms that provided a risky type of financing for the leveraged buyout of Citrix Systems Inc. are raking in gains on their investment, in sharp contrast to Wall Street banks that have realized some $1.3 billion of losses.
Citrix
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Marc Rowan, the co-founder of Apollo Global Management Inc., says that the next wave of turmoil across the financial sector will likely come from the commercial real estate market.
“It’s a bad day tobe an office owner in San Francisco and Chicago,”
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Elon Musk’s X Corp., the parent company of Twitter, has made its first acquisition: a tech talent recruiting service called Laskie, according to a person familiar with the matter.
The deal, which waspart-equity and part-cash, recently closed, the
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Private equity firms are back scouring Europe’s public markets for bargains, with nearly $20 billion of potential takeover deals emerging in the last few weeks alone.
EQT AB is in talks to buy Dechra Pharmaceuticals Plc for £4.6 billion ($5.7
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Who are the Rising Stars of #PrivateEquity? Who do you predict will be leading your PE firm, or leading their own, in the future? Nominate candidates by June 8 trib.al/HXf6rZg#MandA#MiddleMarket
LVMH Moet Hennessy Louis Vuitton SE is exploring options for its Marc Jacobs fashion brand amid interest from potential buyers, people with knowledge of the matter said.
The fashion giant has been working with advisers to study possibilities for Marc
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It pays to be chief investment officer at a US family office.
The private investment firms of ultra-wealthy Americans have the greatest number of money managers in that role earning at least $1 million a year or the same total in other currencies,
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Two months after the collapse of Silvergate Capital Corp. and Signature Bank, a new banking landscape for crypto companies is taking shape amid an expanding crackdown on the industry in the U.S.
In the U.S., #Banking#Cryptocurrencies#DigitalAssetsthemiddlemarket.com/news-ana…
Private equity has long played in the highly fragmented, low-barrier-to-entry fitness franchise space. Few franchises have attracted as much PE attention as Anytime Fitness, the largest fitness franchise in the country. #Consumerbrands#Fitnessthemiddlemarket.com/?post_ty…
OpenAI Inc. chief executive officer Sam Altman said he’s not interested in taking the artificial intelligence startup public because he wants to maintain full control over the technology as it becomes more powerful.
“When #AI#Artificialintelligencethemiddlemarket.com/news-ana…
Mizuho Financial Group Inc. is forging further into U.S. investment banking through a deal to buy Greenhill & Co. as it seeks to accelerate growth.
The Japanese banking giant agreed to buy Greenhill for $15 a share in an all-cash transaction, which
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“You have to go out and make deals happen; they’re not going to occur on their own,” says managing partner Ajit Nedungadi about @TAAssociates s focus on origination trib.al/KEanH0G#PE
McGuireWoods, with partners Jon Finger and Amber MCGraw Walsh, connects cndependent sponsors with capital providers and brings women deal professionals together and earned Law Firm of the Year trib.al/KwZVbjq@McGuireWoodsLLP
A key investor of German football club FC Augsburg is sounding out a potential sale that could value the team at more than €150 million (around $163 million), according to Bloomberg News.
An investor consortium led by Blackstone (NYSE: #CrossBorderthemiddlemarket.com/latest-n…
Middle market M&A continued to stall in August, as it has all year, according to data from Refinitiv. But experts say we may be hitting bottom and activity could pick up by the fourth quarter.
There were 42 middle-market deals worth about $14.2
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Shore Capital Partners, Linden Capital Partners, Waud Capital Partners and Sheridan Capital Partners are among the top PE healthcare investors in Chicago, according to Pitchbook.
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Microsoft Corp.’s chances of winning antitrust approval for its $69 billion takeover of Activision Blizzard Inc. got a boost after U.K. regulators narrowed the scope of their probe to focus solely on cloud gaming. #CloudGaming#Videogamesthemiddlemarket.com/news-ana…
The pioneering experience of global investment giant KKR & Co. and its Industrial Group, led by partner Peter Stavros, helped spur the trend. Starting in 2011, KKR began using a broad-based employee engagement model that seeks to make every worker in a U
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“Given the upcoming presidential election and the possibility of changed priorities, the potential for near-term domestic M&A is significant,” says DatasiteGlobal CEO Rusty Wiley trib.al/fgSb7OZ
#SPACs dominate #IPO market with @paypal co-founder Peter Thiel, @linkedin founder Reid Hoffman and Virgin Group founder Richard Branson looking to raise funds trib.al/hoHDci6
Mergers & Acquisitions names the 2021 PE Leaders in Diversity, Equity & Inclusion, including Jordana Semaan, head of HR Gulf and Asia and diversity and inclusion champion for Investcorp.
In July, Investcorp appointed Jordana Semaan, head of HR Gulf and
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Nasdaq Inc. has agreed to buy financial software maker Adenza from its private equity owners in the exchange operator’s biggest-ever deal.
The acquisition is valued at $10.5 billion in cash and stock, Nasdaq said in a statement. #Financialtechnologythemiddlemarket.com/news-ana…
The PGA Tour and Saudi-backed rival LIV Golf are combining in a shock merger, ending a seismic dispute and underscoring how the Middle East kingdom’s money is increasingly influencing sports around the world. #Golf#Nonprofits#ProfessionalSportsthemiddlemarket.com/news-ana…
JetBlue Airways Corp. agreed to sell Spirit Airlines Inc.’s operations at New York’s LaGuardia Airport to rival carrier Frontier Group Holdings Inc.
The deal is contingent upon JetBlue closing a planned $3.8 #Airports#CommercialAirlinesthemiddlemarket.com/news-ana…
"With interest rates where they currently are and other investment opportunities less attractive in the current environment, investors are putting their cash in a product that guarantees their money back," says @reedsmithllp partner Ari Edelman in this Q&A lnkd.in/dfxkJaH
Apollo Global Management Inc. is building a team focused on investment firms for the world’s biggest fortunes as the buyout giant ramps up plans to target the ultra-wealthy.
The New York-based firm has assembled a roughly 10-person family office unit
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Huron Capital earns Seller of the Year for an active year completing 21 transactions, including three exits, and for raising a new fund. “2017 was a hot M&A market,” explains managing partner Brian Demkowicz. trib.al/U53r8UE#PE#ManA
High prices for M&A deals force private equity firms to retool strategies trib.al/U3LaGiw “We’ve really had to adjust how we run our models,” says Kelly Cornelis, a partner at @LaSalle_Capital#PrivateEquity#M&A
Broadcom Inc.'s $61 billion acquisition of cloud-computing company VMware Inc. is poised to be approved by European Union's merger officials, which would be the world's biggest-ever takeover for a semiconductor maker. #Cloudservices#semiconductorthemiddlemarket.com/latest-n…