Latest Private equity management News

Funding announced for broadband expansion in West Virginia

Jan. 21, 2020 9:10 AM EST

CLARKSBURG, W.Va. (AP) — A project to expand rural broadband in five north-central West Virginia counties will get $18.7 million from the U.S. Department of Agriculture, officials announced. The $25 million project will connect more than 6,000 households in Harrison, Doddridge, Lewis, Barbour, and Upshur...

FILE - In this Aug. 3, 2015, file photo, a man rides his bike past the MGM Grand hotel and casino in Las Vegas. MGM Resorts International is selling the MGM Grand and Mandalay Bay resorts and casinos on the Las Vegas Strip to a joint venture for about $2.5 billion. (AP Photo/John Locher, File)

MGM Resorts selling MGM Grand real estate assets for $2.5B

Jan. 14, 2020 12:30 PM EST

LAS VEGAS (AP) — MGM Resorts International is selling the real estate assets of the MGM Grand on the Las Vegas Strip to a joint venture for about $2.5 billion. The joint venture includes private-equity and real estate company Blackstone Group and MGM Growth Properties LLC. MGM Resorts anticipates cash...

UVA School of Nursing receives record gift of $20 million

Jan. 10, 2020 1:12 PM EST

CHARLOTTESVILLE, Va. (AP) — The University of Virginia’s School of Nursing has received a $20 million gift to support the enrollment of more than 1,000 students in its programs over the next decade. UVA said in a news release Thursday that the gift from Joanne and Bill Conway is the largest single...

FILE - In this Nov. 30, 2017 file photo, Blackwater founder Erik Prince arrives for a closed meeting with members of the House Intelligence Committee on Capitol Hill in Washington. Prince, a major Republican donor and founder of controversial security firm Blackwater, has been referred to the U.S. Treasury Department for possible sanctions violations tied to his recent trip to Venezuela for a meeting with a top aide of President Nicolas Maduro, two senior U.S. officials said. (AP Photo/Jacquelyn Martin)

AP Exclusive: Trump ally may have broken Venezuela sanctions

Dec. 30, 2019 3:09 PM EST

MIAMI (AP) — Erik Prince, a major Republican donor and founder of controversial security firm Blackwater, has been referred to the U.S. Treasury Department for possible sanctions violations tied to his recent trip to Venezuela for a meeting with a top aide of President Nicolas Maduro, two senior U.S....

FILE - In this April 2, 2014, file photo, the Willis Tower, in downtown Chicago is seen through the window of an Osprey helicopter traveling with President Barack Obama. The famed skyscraper on Thursday, Dec. 19, 2019, became the largest building in the nation to earn the highest level of energy efficiency. Building owner Equity Office, the U.S. office arm of private-equity giant Blackstone Group, made the announcement that the 110-story skyscraper reached the Leadership in Energy and Environmental Design, or LEED, Platinum certification, the Chicago Tribune reported. (AP Photo/Carolyn Kaster, File)

Willis Tower receives highest level of green certification

Dec. 19, 2019 3:24 PM EST

CHICAGO (AP) — Chicago’s Willis Tower skyscraper on Thursday became the largest building in the U.S. to reach the highest level of energy efficiency. Building owner Equity Office, the U.S. office arm of private-equity giant Blackstone Group, announced that the 110-story skyscraper reached the...

Weyerhaeuser to sell 1,000 square miles of Montana timber

Dec. 17, 2019 9:10 PM EST

KALISPELL, Mont. (AP) — The Washington-based timber giant Weyerhaeuser has agreed to sell its nearly 1,000 square miles (2,600 square kilometers) of timberland in Montana to a private investment company for $145 million in cash. The Flathead Beacon in Kalispell reports it's not yet clear how the...

FILE - In this Nov. 30, 2017 file photo, Blackwater founder Erik Prince arrives for a closed meeting with members of the House Intelligence Committee on Capitol Hill in Washington. Prince, a major Trump donor and the founder of controversial security firm formerly known as Blackwater, traveled to Caracas last Nov. 2019, for a secret meeting with Venezuela's vice president, according to several people familiar with the visit. (AP Photo/Jacquelyn Martin, File)

Blackwater founder Prince visited Venezuela's sanctioned VP

Dec. 13, 2019 11:40 PM EST

MIAMI (AP) — Erik Prince, a major Trump donor and the founder of controversial security firm formerly known as Blackwater, traveled to Caracas last month for a secret meeting with Venezuela's vice president, according to several people familiar with the visit. It's not clear whether Prince, who has been...

In this Aug. 13, 2019, photo Gannett CEO Paul Bascobert poses for a photo in McLean, Va. The Associated Press spoke recently with Gannett CEO Mike Reed and the head of its new operating unit, Paul Bascobert. (Jack Gruber/USA Today via AP)

Gannett: ‘Frontline’ reporting jobs will be last to get cut

Dec. 8, 2019 11:56 AM EST

NEW YORK (AP) — In November, newspaper publisher GateHouse completed its acquisition of USA Today owner Gannett, creating the largest newspaper publisher in the U.S. Executives behind the merger, which was funded in part by a high-interest, $1.8 billion loan from a private equity firm, have pledged...

Manchester City players celebrate with Ilkay Gundogan, center, after he scored his side's first goal during the group C Champions League soccer match between Manchester City and Shakhtar Donetsk at the Etihad Stadium in Manchester, England, Tuesday, Nov. 26, 2019. (AP Photo/Dave Thompson)

US private equity firm buys $500M stake in City ownership

Nov. 27, 2019 4:39 AM EST

MANCHESTER, England (AP) — A U.S. private equity firm has bought a $500-million stake in the Abu Dhabi-controlled ownership group that runs Manchester City and other soccer clubs around the world. City says in a statement that Silver Lake now owns just over 10% of City Football Group, of which the English...

In this Oct. 30, 2019, photo, the Oregon Investment Council conducts its monthly meeting in Tigard, Ore. In 2017, the council decided unanimously to invest $233 million of the state workers' pension fund in Novalpina Capital, a private equity fund, which later bought into Israeli spyware company NSO Group. Major international human rights groups said NSO Group's Pegasus spyware has been used by repressive governments against human rights defenders, dissidents and journalists. (AP Photo/Andrew Selsky)

Sen. Merkley: Oregon should drop private prison investments

Nov. 26, 2019 6:38 PM EST

SALEM, Ore. (AP) — The Oregon state employee pension fund should drop its investments in two prisons companies whose facilities have been used to detain immigrants, U.S. Sen. Jeff Merkley says. Oregon has $2 million invested in two prison companies, even though Oregon pioneered statewide sanctuary status....