Lingerfelt CommonWealth Partners, a commercial real estate investment firm, has acquired St. Louis, Missouri-based Pierre Laclede Center, a pair of office towers. The seller was KBS. No financial terms were [...]
Endeavor Group Holdings Inc., which was acquired the William Morris Agency to form WME in 2009, and owns mixed-martial art's organization UFC, filed Thursday to go public. The company has not yet specified the number of shares it expects to offer in its initial public offering, or the expected pricing, using the proposed offering amount of $100 million only has a placeholder. The company, led by Chief Executive Ariel Emanuel, said it plans to list its stock on the NYSE, under the ticker symbol "EDR." Goldman Sachs, KKR, J.P. Morgan, Morgan Stanley and Deutsche Bank Securities were the lead underwriters.
This week travel startups announced more than $309 million in funding, as Mafengwo, Prowler.io, Instawork, Revenue Analytics, Dawex, and Outpost received investments. -Sean O'Neill.
Revenue is vanity; profit is sanity. : Click the Follow button on any author page to keep up with the latest content from your favorite authors. It's fundamental, the raison d'etre, the very purpose of running a business: profit. But you don't need to look very far to see companies securing massive investments while losing billions. Some are even raising further investment despite previous rounds yet to bear any returns. So why is there such an insatiable appetite to invest in unprofitable companies?
Singapore-based SC Capital Partners has reached a final close of $850 million on its latest Asia Pacific real estate fund, according to an announcement by the private equity manager earlier this week. The total capital raised for the firm's fifth... Read More>> The post SC Capital Reaches $850M Final Close on RECAP V Fund appeared first on Mingtiandi.
LondonMetric Property Plc, a listed British Warehouse owner, inked a deal to acquire real estate investment trust (REIT) A&J Mucklow Group Plc in a cash and stock deal valued at 414.7 million GBP. Midlands-based A&J Mucklow will be entitled to receive 2.19 new LondonMetric shares and 204.5 pence in cash, the British companies said in [...]
As Africa grapples with a rising demographic, political issues, and currency problems, the pool of sovereign wealth assets on the continent continue to grow. According to SWFI's Global Investor database, Sub-Saharan African sovereign wealth assets total around US$ 13 billion, still dwarfing African pension assets. With that being said, a number of African SWFs are [...]
Popular hedge fund manager David Alan Tepper of Appaloosa Management seeks to convert his hedge fund firm into a family office. There is no timetable for this to happen, according to various media websites. Run out of Miami Beach, Appaloosa Management oversees approximately US$ 14 billion in assets, with around 70% of that capital being [...]