Latest Private equity management News

US aims to double financing in Latin America to $12 billion

Aug. 20, 2019 8:11 PM EDT

WASHINGTON (AP) — The United States has created a new agency to promote development around the globe, with a particular emphasis on Latin America. David Bohigian, acting president and chief executive officer of the Overseas Private Investment Corporation, said an agency known as the U.S. International...

Russian court puts French investor under house arrests

Aug. 15, 2019 11:40 AM EDT

MOSCOW (AP) — A Moscow court has put a jailed French investor under house arrest. The Moscow City Court ruled on Thursday to place Philippe Delpal, partner at the Moscow-based private equity firm Baring Vostok, under house arrest, more than six months after he was first detained and sent to jail. Delpal...

Trump fundraiser puts billionaire host on defensive

Aug. 9, 2019 2:04 AM EDT

WASHINGTON (AP) — A billionaire New York investor and owner of the Miami Dolphins who is hosting a high-dollar fundraiser for Donald Trump on Friday also has a financial interest in the president's business empire — including his iconic Manhattan tower. Shortly after Trump's election, Stephen M....

N Carolina, feds end look into voting-machine ownership

Jul. 23, 2019 4:55 PM EDT

RALEIGH, N.C. (AP) — Federal authorities found nothing troubling after looking into voting-machine makers largely owned by private equity firms that don't disclose their investors, so North Carolina elections officials said Tuesday they're ready to certify which can do business in the state. The State...

Elizabeth Warren pitches new constraints on private equity

Jul. 18, 2019 10:47 AM EDT

WASHINGTON (AP) — White House hopeful Elizabeth Warren is proposing new regulations on the private equity industry, pitching constraints designed to end what she decries as "legalized looting" by investment firms that take over troubled companies. Warren's plan, the latest in a series of policy ideas that...

Who's behind voting-machine makers? Money of unclear origins

Jul. 12, 2019 3:34 PM EDT

RALEIGH, N.C. (AP) — The voting-machine makers that aim to sell their systems in North Carolina are largely owned by private equity firms that don't disclose their investors. The companies didn't want the public to know even that much. North Carolina's statewide elections board demanded the machine-makers'...

Ex-executive at bankrupt private equity firm pleads guilty

Jun. 28, 2019 5:04 PM EDT

NEW YORK (AP) — A former top executive at a Dubai-based emerging markets firm that coaxed the Bill & Melinda Gates Foundation and the U.S. government to invest in feel-good projects pleaded guilty Friday, saying he was wrong to be silent as his firm exaggerated its finances to win over new investors....

Lego strikes deal to buy Legoland, Madame Tussauds

Jun. 28, 2019 8:50 AM EDT

COPENHAGEN, Denmark (AP) — The owners of toy maker Lego are teaming up with a group of investors to buy Merlin Entertainment, a British company that operates theme parks like Legoland and the Madame Tussauds wax museums. Kirkbi Invest said Friday it is joining forces with private equity firm Blackstone and...

Montreal group supports idea of sharing Rays with Tampa Bay

Jun. 26, 2019 5:20 PM EDT

MONTREAL (AP) — The son of former Montreal Expos owner Charles Bronfman believes the predominantly French-speaking city is ready and willing to support — and share — the Tampa Bay Rays. Private equity investor Stephen Bronfman leads a group working on bringing baseball back to Montreal and...

Texas Monthly magazine bought by oil and gas heiress

Jun. 25, 2019 2:50 PM EDT

AUSTIN, Texas (AP) — A billionaire oil and gas heiress has bought Texas Monthly magazine. The Austin-based monthly magazine said Tuesday that its new owner will be Randa Duncan Williams, whose late father founded Houston-based Enterprise Products Partners. Williams chairs the newly formed Houston-based...