Archive for May 2020
Coronavirus crisis forces banks to scuttle merger plans
At least four pending deals have been canceled since the economy was locked down to slow the pandemic’s spread. With…
Read MoreM&A wrap: Aquiline, Latam Airlines, Texas Capital,Merck, Apax, CVC Sun Capital
Aquiline Capital, which invests in real estate technology, raises fourth PE fund. Latam Airlines files for bankruptcy, as people cut…
Read MoreLatam Air files Chapter 11 bankruptcy, citing lockdowns
Airlines have been hit hard by the coronavirus outbreak, which triggered travel bans and made people reluctant to fly.
Read MoreTexas Capital, Independent terminate $3 billion merger
Texas Capital also said that Keith Cargill has stepped down as president and CEO.
Read MoreM&A wrap: Rising Stars, Summit, Bregal Sagemount, Apollo, Warburg Pincus, Bain, TA, Panasonic, Hertz
May 22 is the deadline to submit nominations for Rising Stars of Private Equity 2020. Hertz runs into crunch, as…
Read MoreA weakness in giant CLO market exposed in tiny stock deal
4L Holdings Corp. is seeking a cash infusion that would help it outlast the economic pain the coronavirus outbreak has…
Read MoreHertz runs into cash crunch after years of management tumult
While all travel-related companies have been hurt by the pandemic, a big part of what’s weighing on Hertz is its…
Read MoreTA Associates in advanced talks to buy Piramal Pharma stake
The PE firm is reportedly in discussions to buy about a 20% stake in Piramal Pharma, a unit of Piramal…
Read MorePrivate equity, hedge funds get unlikely foe in GOP think tank
American Compass, the brainchild of former Mitt Romney campaign staffer Oren Cass, wants to re-direct policies to support businesses that…
Read MoreSony takes finance arm private for up to $3.7 Billion
Sony is buying out one of its most lucrative businesses to inject more stability into a largely electronics and entertainment-focused…
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