Latest Private equity management News

Will money-back guarantee win over wealthy donors?

Jun. 13, 2022 14:28 PM EDT

A glossy book is arriving at the homes and offices of America’s wealthiest individuals. Inside is a charity pitch that aims to raise as much as $6 billion for nonprofits fighting global poverty. The proposition? Donate and get results — or your money back. The...

New Zealand Rugby to sign commercial deal with Silver Lake

Jun. 02, 2022 02:45 AM EDT

WELLINGTON, New Zealand (AP) — New Zealand Rugby has been given approval to sign a ground-breaking deal with California-based private equity firm Silver Lake which will bring a cash windfall but which some observers fear may threaten the “special bond” between New Zealanders and their...

'Twitter philanthropy' reveals chasms in social safety net

May. 19, 2022 09:51 AM EDT

Single father Billy Price was already struggling to make ends meet before someone broke into his Michigan storage unit, stole his identity and ruined his credit. Price filed a police report, and then tweeted about it to Bill Pulte, a multimillionaire who he'd heard uses Twitter to...

Prosecutors: NYC investment adviser blamed in $5B fraud

May. 17, 2022 23:48 PM EDT

NEW YORK (AP) — Bus drivers, subway conductors and religious and charitable organizations nationwide lost over $5 billion when a COVID-induced stock market collapse crushed private investment funds linked to a financial industry giant, exposing a massive fraud, authorities said Tuesday. ...

Nucor announces purchase of Illinois overhead door maker

May. 16, 2022 13:24 PM EDT

CHARLOTTE, N.C. (AP) — Nucor Corp. is buying an Illinois-based overhead door manufacturer for $3 billion in a deal expected to close in June, the company announced on Monday. In a news release, the Charlotte-based steel manufacturer said it has entered into an agreement to purchase...

Chelsea being sold to Dodgers owners for sports record $3BN

May. 07, 2022 15:47 PM EDT

The forced sale of Chelsea is ending after attracting the highest price for a sports team of 2.5 billion pounds ($3.1 billion) from a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly. There are still potential stumbling blocks to the sale of Roman Abramovich’s...

Boeing will move its headquarters to DC area from Chicago

May. 05, 2022 20:01 PM EDT

Boeing Co. said Thursday it will move its headquarters from Chicago to the Washington, D.C., area, where company executives would be closer to key federal government officials. The company said it will use its campus in Arlington, Virginia, as its new headquarters, and it plans to...

Mexico's electricity sector rankled by doubt and legal chaos

Apr. 20, 2022 13:04 PM EDT

MEXICO CITY (AP) — President Andrés Manuel López Obrador’s efforts to reshape Mexico’s electricity sector to favor the state-owned power company have spurred hundreds of lawsuits and sown a level of uncertainty that businesspeople say is costing jobs and private investment. ...

Bahrain confirms firm's talks to buy AC Milan for $1.1B

Apr. 18, 2022 14:23 PM EDT

MILAN (AP) — Bahrain’s government announced that a private equity firm based in the country is in “exclusive talks” to buy seven-time European champion AC Milan and become the Italian league’s first Middle East investor. Three days after news of the dealings emerged,...

AP Source: Bahrain-based investor in talks to buy AC Milan

Apr. 15, 2022 17:41 PM EDT

A Bahrain-based private equity firm is in exclusive talks to buy seven-time European champion AC Milan and become the Italian league's first Middle East investor, a person with knowledge of the process said. The buyout by Investcorp could see the Serie A leader sold for around 1...