Invesco Ltd. signed a deal to acquire OppenheimerFunds, Inc. from Massachusetts Mutual Life Insurance Company (MassMutual). In turn, MassMutual and the OppenheimerFunds employee shareholders will receive a combination of common and preferred equity consideration, and MassMutual will become a significant shareholder in Invesco, with an approximate 15.5% stake. This strategic transaction will bring Invesco's total [...]
A startup that manages over 10,000 vacation rental properties just raised more than $60 million in a funding round. Vacasa, a vacation rental management company, closed $64 million in a round led by existing investor Riverwood Capital and others, the company said in a statement. That brings its total capital raise to $207.5 million. Portland, Oregon-based Vacasa launched in 2009 and has grown to overtake Wyndham Vacation Rentals as the largest vacation rental property manager [...]
Since the disappearance of a dissident journalist in a Saudi Arabian consulate, some of the most powerful figures in business are distancing themselves from the kingdom. There is one prominent exception: Masayoshi Son, chief executive of the SoftBank Group.
Blackstone, the firm which is relying on Saudi Arabia to provide half the money for its planned $40 billion infrastructure fund, waved off concerns about funding even as controversy rages over the disappearance of a Saudi journalist that has frayed relations between Wall Street and the oil-rich kingdom.
Oct 18, 2018 10:10 AM ETTweet This: Latest @BrandsTkgStands newsletter: #BrandsTakingStands by #boycotting #DavosintheDesert; @taylorswift13 rocks the #vote; @NPR's @Yukinoguchi dives into #CEOactivism http://bit.ly/2yOskN4 #3BLForum #DavosDeserted @3BLMedia #corporateactivismNewsletterBrands Taking Stands(tm) Newsletter | October 18, 2018THE BIG STORY Morality Play: Taking Stands in the Saudi CrisisLast year's initial Future Investment Initiative conference promoted by the government of Saudi Arabia for the global financial and media elite was nicknamed "Davos in the Desert," a reference to the annual World Economic Forum conference that convenes in Switzerland. Over 3,500 CEOs, investors, bankers, media owners, and other select invitees attended the event in Riyadh, Saudi Arabia.
Blackstone Group LP, the U.S. buyout firm which is relying on Saudi Arabia to provide half the money for its planned $40 billion infrastructure fund, waved off concerns about funding on Thursday even as controversy rages over the disappearance of a Saudi journalist that has frayed relations between Wall Street and the oil-rich kingdom.
Singapore's Temasek Holdings, through its subsidiary Temasek Financial (IV) Private Limited, is planning a 5-year bond that aims to yield 2.7% for retail investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
GIC is believed to be the winning bidder to acquire the premium-grade tower for $228 million. The post Singapore's GIC set to acquire premium Perth tower for $228m: Report appeared first on DealStreetAsia.
GWL Realty Advisors has agreed to acquire Guggenheim Real Estate LLC, Guggenheim Investments' real estate private equity platform. No financial terms were disclosed. The CenterCap Group was the financial adviser [...]