Private Equity

Latest Stories

Hong Kong Telco HKBN’s Sale Said to Stall Again on Valuation

A sale of HKBN Ltd. has stalled again as the Hong Kong broadband provider’s owners couldn’t agree with prospective buyers on a valuation, according to people familiar with the matter.

By Manuel Baigorri

AMC Shareholder Denied Info on Lead Plaintiff Who ‘Went Silent’

An AMC Entertainment Holdings Inc. investor lost her bid Wednesday for details about another shareholder who “went silent” after agreeing to a nine-figure legal settlement over the company’s APE preferred units.

Brookfield Said to Be Frontrunner for Network as CVC Recedes

Brookfield Asset Management Ltd. has emerged as the frontrunner to acquire London-listed Network International Holdings Plc after interest from a consortium backed by CVC Capital Partners cooled, according to people familiar with the matter.

Ontario Teachers’ Loses Two Senior Executives in Asia

Ontario Teachers’ Pension Plan, a Canadian fund that manages C$247.2 billion ($181.7 billion) in assets, is losing two senior executives in its Asia-Pacific operations, according to a person familiar with the matter.

Matt Levine’s Money Stuff: Purdue Pharma’s Bankruptcy Works Now

Purdue Pharma is a corporation that makes and sells opioid painkillers. It did this in various bad ways that helped create an opioid addiction epidemic, and it has been sued by various victims of that epidemic for trillions of dollars.

Tax Lawyer Katy Pitch Joins Mintz in Toronto Office as Partner

Katy Pitch has joined Mintz as a partner in the Toronto office, the firm said Tuesday.

Harris Unloads More Apollo Shares, Pushing Stake Below Rowan’s

Josh Harris, the Apollo Global Management Inc. co-founder who left the private equity firm last year, continues to unload shares on a near-daily basis, pushing his disclosed ownership stake below that of Chief Executive Officer Marc Rowan.

Italy Starts €1 Billion Sovereign Fund for Key Supply Chains

Italy announced it will set up a €1-billion ($1.1 billion) sovereign fund to channel funding to companies it deems strategic, furthering Premier Giorgia Meloni’s vision to shore up domestic production and secure key supply chains.

Bacardi Is Said Near Ilegal Mezcal Deal

Bacardi Ltd., the spirits maker best known for its rum, is nearing a deal to acquire Ilegal Mezcal after private equity firm L Catterton held talks to buy the company, according to people with knowledge of the matter.

Sweden’s Nalka Invest Mulls $1.5 Billion Sale of Healthcare Firm

Swedish investment firm Nalka Invest AB is exploring a sale of Asker Healthcare Group, a deal that could value the Stockholm-based healthcare device business at as much as $1.5 billion, people familiar with the matter said.