Latest Private equity management News

Clarification: Medline Acquisition story

Jun. 08, 2021 13:41 PM EDT

BOSTON (AP) — In a story published June 5, 2021, The Associated Press cited a Medline release to report that following its acquisition by a consortium of private-equity firms, the medical supply and equipment company would continue to be led by the family of Medline CEO Charlie Mills. The...

AP Interview: Scott says final score on Pac-12 tenure TBD

Jun. 07, 2021 17:22 PM EDT

Larry Scott's volatile 11-year tenure as Pac-12 commissioner is in its final month. The conference announced in January he would be stepping down June 30. He came to the then-Pac-10 from the Women's Tennis Association as an outsider to college sports and led a vital...

Budget plan includes money for 500-mile Alaska hiking trail

Jun. 01, 2021 14:28 PM EDT

JUNEAU, Alaska (AP) — A proposed 500-mile (804 kilometer) hiking trail from south-central Alaska to Fairbanks aimed at drawing more adventurers to the state has garnered support from the governor, tourism officials and others, and it could get a funding boost to help begin stitching it...

2 months in prison for dad who paid $40K in ACT cheat scheme

May. 27, 2021 14:30 PM EDT

BOSTON (AP) — The founder of a private equity firm who paid $40,000 to have someone secretly correct his daughter's ACT exam answers was sentenced Thursday to two months in prison for his role in the college admissions bribery scheme. Before the judge handed down his...

Alden puts its stamp on Tribune with new debt and leadership

May. 26, 2021 17:22 PM EDT

Hedge fund Alden Global Capital closed its deal for Tribune on Monday. It wasted little time installing new leadership and saddling the newspaper chain with $278 million in debt it took on for the acquisition, according to regulatory filings. Alden, which owns the...

Democrats seek contrast with GOP's Youngkin in 3rd debate

May. 20, 2021 22:03 PM EDT

RICHMOND, Va. (AP) — Several Democratic candidates for Virginia governor turned attention to the general election in a debate Thursday, seeking to portray themselves as best positioned to take on Republican nominee Glenn Youngkin. Thursday's debate, conducted...

Angela Missoni resigns after 24 years as creative director

May. 20, 2021 12:53 PM EDT

MILAN (AP) — Angela Missoni is leaving the role of creative director after 24 years at the Missoni fashion house founded by her parents, Ottavio and Rosita. Missoni, 62, announced the move in an interview with Business of Fashion published on Tuesday, indicating that...

Cyprus president unveils 'ambitious' economic stimulus plan

May. 17, 2021 14:12 PM EDT

NICOSIA, Cyprus (AP) — Cyprus' president on Monday unveiled a 4.4 billion-euro ($5.34 billion) economic stimulus plan, which he described as the “most ambitious ever” in the country’s 61-year history as an independent republic. Nicos Anastasiades said the...

Former investment executive gets 3 months in college scam

May. 12, 2021 13:16 PM EDT

BOSTON (AP) — A former private equity executive who cofounded an investment fund with U2′s Bono was sentenced Wednesday to three months in prison for his role in the college admissions bribery scheme. William McGlashan, Jr. appeared at times to fight back tears as he...

Victoria's Secret to be spun off a year after sale collapsed

May. 11, 2021 09:52 AM EDT

A year after an agreement to sell Victoria’s Secret fell apart as the pandemic emptied malls nationwide, the chain will be spun off by its owner to become a separate company. L Brands, based in Columbus, Ohio, has been shopping the struggling chain elsewhere since the...