Bankrupt crypto exchange FTX received U.S. bankruptcy court permission to sell its LedgerX business for $50 million, raising additional funds to repay creditors. At a hearing in Wilmington, Delaware, U.S. Bankruptcy...
Cinerius owner Summit Partners explores stake sale in Swiss wealth manager, sources say
U.S. private equity firm Summit Partners is looking to sell a stake in Swiss wealth manager Cinerius Financial Partners amid increasing consolidation in the sector, two people familiar with the matter told Reuters. The...
Blackstone weighs options for Spanish gambling firm Cirsa -sources
Blackstone is weighing options for Spanish gambling company Cirsa, including an initial public offering (IPO), people familiar with the matter told Reuters. The U.S. buyout group recently invited proposals from...
Liontrust to acquire Swiss asset manager GAM Holding AG
British asset manager Liontrust Asset Management plc has conditionally agreed to acquire GAM Holding AG in a deal that values the Swiss asset manager at CHF 107 million ($121.3 million), the companies said on Thursday...
Adobe’s $20 billion Figma buyout deal under UK competition watchdog scanner
Britain’s competition watchdog said on Wednesday it was looking into Adobe Inc’s $20 billion buyout deal for cloud-based designer platform Figma to find if it could lead to “substantial lessening of...
Brookfield closes deal to pick 51% stake in Bharti Enterprises’ four commercial properties
Global investment firm Brookfield Asset Management said that it has closed a deal to acquire a 51 per cent stake in Bharti Enterprises’ four commercial properties. This includes Worldmark at Aerocity in the national...
European e-scooter operator TIER Mobility explores merger – Sky News
Berlin-based e-scooter operator TIER Mobility is working with bankers at Qatalyst Partners for a potential merger or sale with a rival, Sky News reported. The talks come months after TIER was said to be working with...
Warburg to exit 3PL Stellar Value Chain
Warburg Pincus is seeking to exit its seven-year investment in Stellar Value Chain Solutions, a third-party logistics company. Investment bank Rothschild has been appointed by the investor to find strategic and...
Teleperformance to buy Majorel in digital transformation drive
Teleperformance said it plans to buy rival Majorel for 3 billion euros ($3.3 billion), with further acquisitions focused on digital transformation possible as early as this year, its CEO Daniel Julien added. Bertelsmann...
Millennium Trust’s owners explore $8 billion sale
The private equity owners of Millennium Trust Company are exploring options for the U.S. retirement plan custodian, including a sale that could value it at as much as $8 billion, including debt, people familiar with the...
UFC Owner Endeavor Group to Sell Florida Sports School IMG Academy
Ultimate Fighting Championship owner Endeavor Group said on Tuesday it will sell sports-training school IMG Academy to private equity firm EQT’s Asian unit in an all-cash deal with an enterprise value of $1.25...
Carrier to buy German firm Viessmann’s unit in $13.17 bln deal
Air conditioner maker Carrier Global Corp said it would buy German industrial firm Viessmann Group’s unit that makes heating boilers and heat pumps in a 12 billion euros ($13.17 billion) cash-and-stock deal. The...
