Latest Private equity management News

Group at MIT wants a celebration for a new college canceled

Feb. 18, 2019 10:32 PM EST

BOSTON (AP) — Some students and professors at the Massachusetts Institute of Technology are asking the university to cancel celebrations for a new computing center. The Boston Globe reported Monday that 18 students, alumni and faculty published an opinion piece in The Tech , an MIT student publication. The...

From Bogart to millennials: Italian hat maker tries new look

Feb. 17, 2019 5:12 AM EST

SPINETTA MARENGO, Italy (AP) — Hats off, Bogie. The traditional Italian hat maker Borsalino, whose fedora has defined the rough-and-tumble images of Robert Redford, Frank Sinatra and Humphrey Bogart, has a plan to appeal more to women and millennials by pushing into high-end fashion, streetwear and even...

Israeli spyware company NSO is re-acquired by its founders

Feb. 14, 2019 3:24 PM EST

JERUSALEM (AP) — An Israeli software firm known for its phone-surveillance technology said Thursday that it has been re-acquired by its founders. The NSO group announced that U.S.-based private equity firm Francisco Partners sold the company to its management, with support with the European private equity...

AP Exclusive: Undercover spy exposed in NYC was 1 of many

Feb. 11, 2019 7:31 PM EST

LONDON (AP) — When mysterious operatives lured two cybersecurity researchers to meetings at luxury hotels over the past two months, it was an apparent bid to discredit their research about an Israeli company that makes smartphone hacking technology used by some governments to spy on their citizens. The...

AP Exclusive: Undercover spy exposed in NYC was 1 of many

Feb. 10, 2019 8:45 PM EST

LONDON (AP) — When mysterious operatives lured two cybersecurity researchers to meetings at luxury hotels over the past two months, it was an apparent bid to discredit their research about an Israeli company that makes smartphone hacking technology used by some governments to spy on their citizens. The...

Equity firm buys Ultimate Software for $11 billion

Feb. 4, 2019 10:38 AM EST

WESTON, Fla. (AP) — A Florida software company is being purchased by a California private equity firm for $11 billion. The South Florida Sun Sentinel reports that Ultimate Software announced Monday that it's being purchased by San Francisco-based Hellman & Friedman. Ultimate will continue operation...

Luxor Capital Group a new player in Atlantic City

Feb. 3, 2019 10:35 AM EST

ATLANTIC CITY, N.J. (AP) — With the announcement last week that Luxor Capital Group, a New York-based private investment firm, had assumed majority control of Ocean Resort Casino, many are wondering what the future holds for the struggling property. But the company's intentions for Ocean Resort remain...

U of I grad, private equity CEO to lead Board of Trustees

Jan. 31, 2019 7:52 PM EST

CHICAGO (AP) — A University of Illinois graduate who leads a Chicago-based private equity firm has been elected chairman of the university system's Board of Trustees. Donald Edwards was unanimously elected to a one-year term during the board's meeting Thursday. Edwards earned his bachelor's degree in...

Clay Bennett resigns from OU regents, citing health concerns

Jan. 30, 2019 6:06 PM EST

OKLAHOMA CITY (AP) — Oklahoma City businessman Clay Bennett is resigning from the University of Oklahoma Board of Regents, effective immediately, citing health concerns. University officials confirmed Bennett's resignation on Wednesday, shortly after it was announced at the start of a regents meeting....

Business expansions in Detroit suburb, Flint area get boost

Jan. 17, 2019 7:06 AM EST

TROY, Mich. (AP) — Business expansions including the establishment of a Chinese manufacturer's facility in suburban Detroit are getting support from the Michigan Strategic Fund. The Michigan Economic Development Corp. on Wednesday announced that three planed business expansions and two community...