Big Lots Sale To Nexus Falls Apart, Plans To Close Business
(Bloomberg) -- Bankrupt retailer Big Lots Inc. no longer anticipates it can complete its asset sale to private equity firm Nexus Capital Management LP and will commence the sale of its stores in coming days to protect the value of its real estate. The discount chain that employs more than 27,000 people said in a statement Thursday it continues to look for another way to stay in business through a transaction it would look to complete by the end of January if a deal can be struck.
Exclusive-uruguay Payments Provider Dlocal Explores Sale, Sources Say - Cna
NEW YORK :DLocal, a Latin American payments provider with a market value of about $3.6 billion, is exploring options including a potential sale, people familiar with the matter told Reuters on Wednesday. Montevideo, Uruguay-based DLocal, which counts buyout firm General Atlantic as its largest shareholder, is working with Morgan Stanley to gauge takeover interest from potential acquirers, the sources said, requesting anonymity as the discussions are confidential. Potential buyers include private equity firms and large financial technology providers, the sources added, cautioning that a deal is not guaranteed.
Jersey Mike's Ceo Is Almost As Rich As Mark Cuban
Peter Cancro has been with the sub sandwich chain for more than 50 years. :
The sub sandwich chain and buyout firm Blackstone are nearing a deal valuing Jersey Mike’s at about $8 billion, Reuters reported, launching Cancro into the list of the richest people in the world. Jersey Mike’s Subs officially announced Tuesday it had reached an agreement in which private equity giant Blackstone would acquire majority ownership of the fast-casual sandwich chain, which has more than 3,000 locations.
Carlyle, Warburg Among Investment Firms Hunting Talent In Japan As Deals Boom - Cna
FILE PHOTO: Pedestrians walk past an electronic board displaying various companies' share prices, at a business district in Tokyo, Japan, October 31, 2023. REUTERS/Kim Kyung-Hoon/File Photo TOKYO : Carlyle, Warburg Pincus and a host of global investment firms plan to beef up headcount in Japan as deals here surge, but the country's relatively low number of buyouts for much of the past two decades has made it tough to find people with expertise.
How Private Equity Ownership Will And Won’t Change Assetmark
Two top executives from the firm offered ThinkAdvisor an inside look at AssetMark's well-established and well-resourced growth strategy. Related StoriesLPL Names Cheri Belski Head of Investment Management SolutionsElevation Point Nabs Ex-Dynasty Exec as COOHow New IRS Rules for Annuity Holders Could Cause Confusion.
Vista, Blackstone To Buy Smartsheet For $8.4B In One Of The Biggest Take-private Deals Of The Year - Cna
FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo :Buyout firms Vista Equity Partners and Blackstone will purchase collaboration-software maker Smartsheet for $8.4 bln in one of the largest take-private deals this year, the companies said on Tuesday. Vista and Blackstone have offered $56.50 in cash for each share of Smartsheet, which represents a premium of 24.6 per cent to the stock's closing price on July 17, when Reuters first reported that Smartsheet had tapped investment bankers after attracting acquisition interest from the buyout firms.
Acceleration Community Of Companies Takes Majority Stake In Dkc
Acceleration and majority shareholder Solace Capital have also brought on private equity firm Verance Capital as a strategic investor. :
Acceleration and majority shareholder Solace Capital have also brought on private equity firm Verance Capital as a strategic investor. LOS ANGELES: Acceleration Community of Companies has acquired a majority stake in communications and marketing firm DKC. With the addition of DKC, ACC is growing to 550 employees in 12 U.S. offices. The deal was effective on Monday.
Exclusive-vista, Blackstone Nearing $8-billion Deal To Buy Smartsheet, Sources Say - Cna
FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo NEW YORK : Buyout firms Vista Equity Partners and Blackstone are in advanced talks to acquire Smartsheet, in a deal that could value the collaboration-software maker at close to $8 billion, people familiar with the matter said on Monday. The private-equity firms are discussing an offer of around $56 per share for Smartsheet, the sources said, adding that the deal could be signed in the coming weeks assuming there are no last-minute snags.
Stretching And Flexing - Part 1 Addressing Longer Hold Periods | Goodwin
Patience is proving to be a virtue for a private equity industry that began 2024 sitting on more than 28,000 portfolio companies valued at more than $3 trillion, according to a report by Bain & Company, as average hold periods extend markedly beyond the traditional three- to five-year horizon....By: Goodwin.
Ecommerce Firm Thrasio's Collapse Leads To Private Equity Fight
The collapse of eCommerce startup Thrasio has reportedly triggered a fight between its former private equity backers. Oaktree Capital Management has written a letter to private equity (PE) firms Silver Lake and Advent criticizing them for their oversight of Thrasio, the Financial Times (FT) reported Sunday (Sept. 8). All three firms had backed Thrasio, which […]
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