Not exact matches
Manbang, which is backed
by Tencent and Jack Ma's
private equity firm, hopes to raise between $ 500 million and $ 1 billion
in capital to help it expand
in China's growing logistics market.
In addition to catapulting EverFi into the ed tech big leagues, the fundraising round marks the debut deal for lead investor Rise, a newly established social impact investing fund managed
by TPG Growth, a
private equity firm that has also backed Internet hotshots like Uber and Airbnb.
More recently,
in late January of this year, Magnetar received another settlement of about $ 11 million, according to regulatory filings, from CEC Entertainment — the operator of Chuck E. Cheese kid - friendly restaurants — which it had sued seeking additional shareholder compensation
in CEC's 2014 buyout
by private equity firm Apollo Global Management (apo).
By the time Prada quietly dumped Dack's
in December 2007 to
private equity firm CoBe Capital of New York, just 10 stores remained.
In 1989, the founders sold to AT&T, and in 2004 the company was acquired by private equity firm ABRY Partner
In 1989, the founders sold to AT&T, and
in 2004 the company was acquired by private equity firm ABRY Partner
in 2004 the company was acquired
by private equity firm ABRY Partners.
Bisnow, a trade publication and events company based
in New York City, has been acquired
by Wicks Group, a
private equity firm.
«Beginning
in November 2014 and continuing until his arrest
in March 2016, CASPERSEN engaged
in a Ponzi - like scheme to defraud investors, including his close friends, family members, and college classmates,
by falsely claiming that their funds would be used to make secured loans to
private equity firms and would thereby earn an annual rate of return of 15 to 20 percent.
«
In soliciting investments in the Fake Funds, CASPERSEN made the following false representations to investors, among others: in recognition for his prior work with Park Hill Group, CASPERSEN had been offered a «friends and family» investment allocation in a security that was allegedly offered by a private equity firm; CASPERSEN was personally investing in the security, and offering it to his family and a limited number of friends; the investment was a credit facility secured by a portfolio of assets owned by one of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the loaned funds would remain in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Account
In soliciting investments
in the Fake Funds, CASPERSEN made the following false representations to investors, among others: in recognition for his prior work with Park Hill Group, CASPERSEN had been offered a «friends and family» investment allocation in a security that was allegedly offered by a private equity firm; CASPERSEN was personally investing in the security, and offering it to his family and a limited number of friends; the investment was a credit facility secured by a portfolio of assets owned by one of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the loaned funds would remain in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Account
in the Fake Funds, CASPERSEN made the following false representations to investors, among others:
in recognition for his prior work with Park Hill Group, CASPERSEN had been offered a «friends and family» investment allocation in a security that was allegedly offered by a private equity firm; CASPERSEN was personally investing in the security, and offering it to his family and a limited number of friends; the investment was a credit facility secured by a portfolio of assets owned by one of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the loaned funds would remain in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Account
in recognition for his prior work with Park Hill Group, CASPERSEN had been offered a «friends and family» investment allocation
in a security that was allegedly offered by a private equity firm; CASPERSEN was personally investing in the security, and offering it to his family and a limited number of friends; the investment was a credit facility secured by a portfolio of assets owned by one of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the loaned funds would remain in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Account
in a security that was allegedly offered
by a
private equity firm; CASPERSEN was personally investing
in the security, and offering it to his family and a limited number of friends; the investment was a credit facility secured by a portfolio of assets owned by one of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the loaned funds would remain in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Account
in the security, and offering it to his family and a limited number of friends; the investment was a credit facility secured
by a portfolio of assets owned
by one of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the loaned funds would remain
in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Account
in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Accounts.
Many have put up their own shares or stock of companies they own as collateral for their loans and are increasingly copying the convoluted fund - raising strategies employed
by American hedge funds and
private equity firms in financing their global expansion drives.
In fact, he just bought into a company that it majority owned
by a
private equity firm whose co-founder is credited with coining the phrase «
private equity.»
The merger has been orchestrated
by the two principals and Silver Lake, the
private -
equity firm that helped take Dell
private in late 2013.
It was taken
private in 2014 for $ 3 billion by a group of buyers that included company Chairman Yuzhu Shi and private equity firm Baring Private Equity Asi
private in 2014 for $ 3 billion
by a group of buyers that included company Chairman Yuzhu Shi and
private equity firm Baring Private Equity Asi
private equity firm Baring Private Equity Asia
equity firm Baring
Private Equity Asi
Private Equity Asia
Equity Asia Ltd..
Private equity firms have been keen investors
in businesses that help companies cut costs
by outsourcing large parts of their administrative functions, since such operations can generate strong cash flows.
The company, which is controlled
by private equity firm Cerberus Capital Management, will shed some $ 700 million
in debt
in the prepackaged reorganization that will be filed soon with federal bankruptcy court
in Wilmington, Del..
Craig Powell is CEO of Motus, a Boston - based vehicle management and reimbursement app, which was acquired
in January 2018, along with its rival Runzheimer,
by Thoma Bravo, a
private equity firm.
(Staples recently said it would be acquired
by private equity firm Sycamore Partners for $ 6 billion
in a deal set to close
in the coming weeks.)
Nick Leopard, founder and CEO of
private equity consulting
firm Accordion Partners, says targets are especially hard to come
by in the middle market.
A quiet decision
by private equity firm Blackstone Group LP to recently sell three TV stations may foreshadow uncertain returns for some selling TV airwaves and lower wireless demand
in the U.S. government's upcoming spectrum auction, industry watchers say.
The company's growth has been further accelerated
by its 2016 partnership with
private equity firm TorQuest Partners, which specializes
in mid-market
firms and manages more than $ 2 billion of
equity capital.
In 2009, Fitness World got a celebrity - branded makeover, after it was acquired
by Steve Nash Sports Club as well as two American
private -
equity firms.
What's more, after twelve years of ownership
by private equity firm Cerberus, including a 2015 IPO filing that was twisting
in the wind, Albertsons had to do something.
A person familiar with the matter said WPP, owner of ad agencies JWT and Ogilvy & Mather, had been contacted
by one
private equity group and a venture capital
firm expressing interest
in the Kantar business if WPP ever decides to sell.
Seedrs makes money
by taking roughly 6 per cent commission on funds raised, and then a share of any increase
in value when the company is sold — similar to the «carry» earned
by private equity firms.
For 2013, Ares reports $ 306 million
in net economic income, a metric favored
by publicly - traded
private equity firms that don't believe GAAP accounting best explains their financial performance.
CNBC's Kate Rogers reports on Verifone to be acquired
by a group led
by private equity firm Francisco Partners for $ 3.4 billion
in an all - cash deal.
Hostess, founded
in 1919, was picked up from bankruptcy
in 2013
by private equity firm Apollo Global Management LLC and consumer industry investor C. Dean Metropoulos for $ 410 million.
Last spring, Claridge Inc., the
private equity firm founded
by Charles Bronfman
in 1987 and executive chaired
by his son Stephen, teamed up with Ivanhoe Cambridge, the property arm of Caisse de dépôt et placement du Québec, to commit approximately $ 100 million to a slate of mid-size development projects
in and around their hometown of Montreal.
The capital - raising is the latest
in a series
by China's homegrown
private equity firms and comes as they have increased their dealmaking over the past two years.
The biggest radio broadcaster
in the US with nearly 850 radio stations, iHeartMedia, formerly called Clear Channel Communications — which was acquired
by private equity firms Bain Capital and Thomas H. Lee Partners
in a leveraged buyout at the apex of the LBO boom just before the Financial Crisis — has finally filed for Chapter 11 bankruptcy, after threatening to do so since 2010.
GTCR acquires GreatCall —
In June, GreatCall, the San Diego company that started out making smartphones for seniors in 2006 but now offers a suite of connected safety products for aging in place individuals, was acquired by Chicago - based private equity firm GTC
In June, GreatCall, the San Diego company that started out making smartphones for seniors
in 2006 but now offers a suite of connected safety products for aging in place individuals, was acquired by Chicago - based private equity firm GTC
in 2006 but now offers a suite of connected safety products for aging
in place individuals, was acquired by Chicago - based private equity firm GTC
in place individuals, was acquired
by Chicago - based
private equity firm GTCR.
In November 2014, Lisa Falzone's company raised a $ 110 million round of funding led
by private equity firm Welsh, Carson, Anderson, and Stowe.
Hopu is one of the longest - established
private equity firms in China, founded
in 2007
by Chinese rainmaker Fang Fenglei, who is also the non-executive chairman of Goldman Sachs» investment banking China joint venture, and Richard Ong, now head of RRJ Capital.
San Antonio - based Rackspace was itself acquired
by private equity firm Apollo Global
in a $ 4.3 billion deal just over a year ago.
Online home rental marketplace Airbnb Inc is said to be raising $ 1.5 billion
in a fund raising round led
by U.S.
private equity firm General Atlantic with participation from Hillhouse Capital, Tiger Global and others.
With the help of a recruiting
firm, PagerDuty pursued Tejada, an experienced executive who took charge of the marketing software company Keynote Systems
in 2013 after it was acquired with her help
by private equity firm Thoma Bravo.
In April 2014, Airbnb had closed a $ 450 million round of funding, led
by private equity firm TPG, at a $ 10 billion valuation.
Buffett and 3G, the
private -
equity firm founded
by Brazilian billionaire Jorge Paulo Lemann, previously teamed up to buy Heinz
in 2013 and they cut costs, a strategy they aim to repeat with Kraft.
Last year,
private equity firm Centerbridge Partners LP entered the sector
by acquiring business software providers Syncsort Inc and Vision Solutions Inc from buyout
firm Clearlake Capital Group LP
in a $ 1.26 billion deal.
Cameron Belsher, leader of the mergers and acquisitions group at McCarthy Tétrault
in Toronto, says this is the «most robust it's been since 2006 and 2007,» noting that much of the M&A activity is «not necessarily
in the public domain,» but has been dominated
by private equity firms.
Carpediem Capital Partners that was floated
by executives of India
Equity Partners (IEP) and its portfolio firms has mopped up two - thirds of the target amount in its debut mid-market-focused private equity
Equity Partners (IEP) and its portfolio
firms has mopped up two - thirds of the target amount
in its debut mid-market-focused
private equityequity fund.
Remington, which sought bankruptcy protection
in March after sales fell and its debt piled up, will no longer be owned
by the
private equity firm Cerberus Capital Management.
Earlier this month, VCCircle reported that car - servicing startup Carcrew Technology Pvt. Ltd, backed
by the TVS Group, secured $ 2 million (Rs 13 crore)
in a fresh pre-Series A round led
by a
private equity firm.
ATG is a fund managed
by Aquiline Capital Partners, a
private equity firm investing
in businesses across the financial services sector
in banking and credit, insurance, investment management and markets, and financial technology and services.
Neiman, purchased
by private -
equity firms TPG and Warburg Pincus LLC for $ 4.9 billion
in 2005, had been looking for an outright buyer for the retail chain while simultaneously laying the groundwork for an initial public offering of stock.
Grier has previously objected to about $ 27 million
in claims
by Stone Street Partners — a
private equity firm and consulting
firm once known as Siskey Capital — and two of its employees.
Private equity firms invested more than $ 144 billion in 1,702 U.S. - based companies in 2011, according to an analysis by the Private Equity Growth Capital Co
equity firms invested more than $ 144 billion
in 1,702 U.S. - based companies
in 2011, according to an analysis
by the
Private Equity Growth Capital Co
Equity Growth Capital Council.
Arby's is majority owned
by affiliates of Roark Capital Group (Roark), an Atlanta based
private equity firm that focuses on investing
in franchised and multi-unit businesses
in the restaurant, retail and other consumer sectors.
Wolf Richter is one of the very few who have described very clearly and
in layman's terms the usual destiny of a retail chain purchased
by a
Private Equity (PE)
firm: read any of his articles here about the retail meltdown and the dynamics will become depressingly similar after the third «victim».
... Even
by the standards of Apollo, one of the world's largest
private equity firms, the previously unreported transaction with the Kushners was a big deal: It was triple the size of the average property loan made
by Apollo's real estate lending arm... An even larger loan came from Citigroup, which lent the
firm and one of its partners $ 325 million to help finance a group of office buildings
in Brooklyn.
Dell said on Feb. 5 it agreed to be acquired
by founder Michael Dell and
private equity firm Silver Lake
in a deal that values the computer maker at $ 24.4 billion.