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zdnet.com February 25, 2021

At&t And Private Equity Firm Tpg Form New Streaming Video Business Called Directv

The companies promised the new business will bring new, competitive streaming services. : AT&T and private equity firm TPG Capital said Thursday afternoon they will form a new company called DIRECTV to house AT&T's U.S. video operations, including the DirecTV satellite video operation, the AT&T TV unit, and the U-verse operation. The new company will be 70% owned by AT&T and will have two representatives on its board of directors from each of AT&T and TPG, and a fifth member, the CEO of the new company, Bill Morrow, who currently runs the U.S. video operations.
Read by 76% of LPs

business-live.co.uk February 25, 2021

Financial Advisory Group Fairstone Aims To Accelerate Growth After New Equity Backing

The Tyneside group has won new backing from TA Associates as well as increased investment from existing partners. : The Tyneside group has won new backing from TA Associates as well as increased investment from existing partners Tyneside financial advisory group Fairstone has struck a deal with private equity house TA Associates that it says offers new opportunities for growth.
Read by 58% of LPs

international-adviser.com February 25, 2021

Uk Financial Planner Secures Private Equity Backing

It plans to enter DFM space and offer buy-out programme to appointed representatives. : Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details The backing will be used to extend the company's growth plans and will see TA take a significant stake in the business. TA Associates has bought private equity firm Synova's majority stake in Fairstone. But, Synova is re-investing in the group alongside current founder Alcentra.
Read by 68% of LPs

nypost.com February 23, 2021

Scott Stringer Eyes Looser Pension Rules For Private Equity

New York City Comptroller Scott Stringer is looking to loosen strict rules that govern private-equity firms managing the city's pensions -- a potentially risky policy switch that he claims will improve returns, The Post has learned. Specifically, Stringer -- a Democrat running for mayor in this year's election -- is urging trustees of the city's...
Read by 45% of LPs

cnbc.com February 23, 2021

Wells Fargo Sells Asset Management Arm To Private Equity Firms For $2.1B

Wells Fargo agreed to sell its asset management business, which manages more than $603 billion on behalf of customers, to two private equity firms for $2.1 billion.
Read by 48% of LPs

telecom.economictimes.indiatimes.com February 23, 2021

Carlyle To Buy Mphasis: Carlyle Taps Banks, Funds For $3B Mphasis Buy, Telecom News, Et Telecom

Carlyle is negotiating with Deutsche Bank, Barclays, Standard Chartered Bank, Nomura, and Canada Pension Plan Investment Board (CPPIB) for buyout financing. JP Morgan, which is advising the fund, may also join the consortium.
Read by 50% of LPs

inc42.com February 21, 2021

How Private Equity Funds Through Ibc Route Work

Private equity (PE) funds keep an eye out for disruptive companies that show promise of high return investments. These funds...
Read by 50% of LPs

forbes.com February 19, 2021

Second City Acquired By Private Equity Firm, Zmc

The popular Chicago-based comedy group, Second City, has been bought by Strauss Zelnick's private equity firm, ZMC. : The popular Chicago-based comedy group, The Second City, often known as simply Second City, has been bought by Strauss Zelnick's private equity firm, ZMC. With the advisement of Houlihan Lokey HLI , the sale of the iconic comedy brand has closed. ZMC announced the purchase but has not disclosed the terms of the transaction, however before the purchase of the comedy group, The Financial Times reported that the deal could be for as much as $50 million.
Read by 65% of LPs

straitstimes.com February 18, 2021

Kkr's Singapore-based Asia-pacific Md Quits: Sources, Banking News & Top Stories - The Straits Times

February 18, 2021 2:34 PMSINGAPORE (BLOOMBERG) - Terence Lee, KKR & Co's managing director for the Asia-Pacific, has resigned from the buyout firm after 10 years, according to people with knowledge of the matter.
Read by 64% of LPs

techxplore.com February 17, 2021

Hedge Fund Strikes Deal For Tribune Publishing Newspaper Group

The publisher of the Chicago Tribune, New York Daily News and other regional newspapers has struck a deal to be sold to a hedge fund with a reputation for aggressive cost-cutting at its media outlets.
Read by 79% of LPs