Private Equity

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Asian Stocks Set to Fall as Global Rally Stalls: Markets Wrap

Asian stocks were set to slip Thursday, tracking losses on Wall Street as signs of fatigue crept into the AI-fueled equity rally.

By Richard Henderson

Carlyle-Backed Orion Breweries to Debut on Tokyo Stock Exchange

Orion Breweries Ltd. is set to trade on the Tokyo Stock Exchange on Thursday after the size of its initial public offering was increased.

Citi Sells Banamex Stake to Mexican Magnate for $2.3 Billion

Citigroup Inc. agreed to sell a 25% stake in its Mexican retail banking unit Banamex to local businessman Fernando Chico Pardo as part of a plan to list the asset publicly.

Wind Blade Maker TPI Shifts to Sell Assets as Cash Dwindles

Wind turbine manufacturer TPI Composites Inc. is seeking to sell its assets in bankruptcy, a pivot from its original strategy to restructure its balance sheet and exit as a viable business.

Hertz Shares Jump on $250m Exchangeable Notes Offering

(Adds shares.)

China ‘National Team’ Fund Makes $50 Billion From Stock Rescue

A unit of China’s sovereign wealth fund has reaped paper gains of more than $50 billion buying local exchange-traded funds, highlighting the scale of government support for the country’s stock market, according to Bloomberg Intelligence.

TransOcean Said to Seek Up to $330 Million From Share Sale

Transocean Ltd. is seeking to raise as much as $330 million from the overnight sale of shares at $3.05 to $3.30, according to people familiar with the matter.

26North Hires Former Apollo Executive Manin for Capital Markets

Josh Harris’ 26North Partnershired Matthew Manin, former head of private equity capital markets at Apollo Global Management Inc., as part of its capital-markets team, according to people with knowledge of the matter.

Wall Street Says ‘Timeout Called’ as Rally Wanes: Markets Wrap

Wall Street’s torrid surge from April’s meltdown is showing signs of exhaustion as stock traders await fresh catalysts amid risks stemming from a labor-market slowdown to sticky inflation.

Thoma Bravo’s $2 Billion Deal for Olo Draws Scrutiny Lawsuit

Raine Group LLC likely drove Olo Inc. into an underpriced $2 billion sale to Thoma Bravo LLC that prioritized the private equity firm’s exit timeline over shareholder value, according to a hedge fund lawsuit.