Latest Private equity management News

Alum gives Brown $25M to study economic disparities

Apr. 19, 2019 9:31 AM EDT

PROVIDENCE, R.I. (AP) — A Brown University alumnus who manages one of the largest private equity firms in the world has donated $25 million to the college's economics department to expand research into economic disparities. The Providence Journal reports that more than half the funds donated by Orlando...

Union: Protect casino workers from hedge fund neglect

Apr. 10, 2019 2:35 PM EDT

ATLANTIC CITY, N.J. (AP) — The nation's largest casino workers union is asking gambling regulators to protect employees from neglect by hedge funds or private equity firms seeking short-term returns from casino ownership. Unite Here approached gambling regulators in three states Wednesday, asking them to...

Chuck E. Cheese returning to public trading after 5 years

Apr. 8, 2019 2:57 PM EDT

IRVING, Texas (AP) — Got some spare tokens? Chuck E. Cheese is returning to the public markets. CEC Entertainment Inc., which owns 750 Chuck E. Cheese and Peter Piper Pizza stores in the U.S. and abroad, expects to begin trading on the New York Stock Exchange under the ticker "CEC" in the second quarter....

Univision unloads Gizmodo, The Onion to private equity firm

Apr. 8, 2019 11:28 AM EDT

NEW YORK (AP) — Univision has sold tech site Gizmodo, satirical-news hub The Onion and other English-language sites to the private equity firm Great Hill Partners. Terms were not disclosed. The Spanish-language broadcaster bought much of what was then known as Gawker Media for $135 million in 2016 after...

Newspaper seeks disclosure on records of controversies

Apr. 1, 2019 10:33 AM EDT

PROVIDENCE, R.I. (AP) — A Rhode Island newspaper is seeking access to government documents that could shed light on two of the state's bigger controversies. The Providence Journal reports that Democratic Gov. Gina Raimondo and state Treasurer Seth Magaziner are withholding documents that could provide more...

UN rights experts decry Big Finance moves in housing market

Mar. 26, 2019 7:22 PM EDT

GENEVA (AP) — Two independent U.N. human rights experts are denouncing moves by big investment and private equity firms to buy up affordable and low-income homes to the detriment of tenants, singling out one by name: Blackstone Group. A statement from the United Nations human rights office in Geneva on...

Treatment firm accused of exploiting addicts, insurers

Mar. 25, 2019 5:23 PM EDT

HARRISBURG, Pa. (AP) — The Pennsylvania attorney general's office charged the co-founder and former executives of an addiction treatment firm Monday and accused them of profiting off addicts by fraudulently billing insurance companies for tens of millions of dollars, with seeming little regard for the...

Michigan awards grants to 3 auto suppliers for expansions

Mar. 20, 2019 7:27 PM EDT

LANSING, Mich. (AP) — State officials say three auto supply companies have received financial support from the Michigan Strategic Fund to expand their operations. The Michigan Economic Development Corp. says the expansions will generate a combined $29.6 million in private investment and create 262 jobs....

Texas oil export terminal plans stall over lease dispute

Mar. 20, 2019 3:01 PM EDT

CORPUS CHRISTI, Texas (AP) — The Port of Corpus Christi's plans for a new oil export terminal have stalled after a former port commissioner sought to have the project blocked over concerns that negotiations were being kept from public view. The 13th Court of Appeals issued an injunction on Tuesday, halting...

Taxpayers take loss on failed Kauai dairy plan

Mar. 19, 2019 9:42 AM EDT

HONOLULU (AP) — Some Hawaii taxpayers lost money following a private investment firm's failed plan to establish a dairy on Kauai. The Honolulu Star-Advertiser reported on Monday that Honolulu-based Ulupono received $875,000 in state tax credits under a 2008 law that created incentives for landowners to...