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.
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.
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.
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...
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.
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.
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.
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.
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.