New Jersey’s Bubbakoo’s Burritos acquired by private equity firm
WALL TOWNSHIP, N.J. — Bubbakoo’s Burritos, the fast-casual Mexican-fusion chain founded in New Jersey, has been acquired by Thompson Street Capital Partners, a private equity firm based in St. Louis, the companies…
Orienspace launches most powerful rocket by private Chinese firm
BEIJING (Reuters) – Beijing startup Orienspace on Thursday successfully launched the most powerful rocket developed by the Chinese private sector, paving the way for more commercial launches – a realm traditionally dominated…
US private payrolls increase in December – ADP
WASHINGTON (Reuters) – U.S. private employers hired more workers than expected in December, pointing to persistent strength in the labor market that should continue to sustain the economy. Private payrolls increased by…
Morgan Stanley mulls private credit fund bet with balance sheet – Bloomberg News
(Reuters) – Lender Morgan Stanley is discussing allocating a portion of its balance sheet into a new private credit fund that would include capital from external investors, Bloomberg News reported on Wednesday,…
As golden age for private capital ends, 2024 heralds more consolidation
By Andres Gonzalez and Pablo Mayo Cerqueiro LONDON (Reuters) – The last 12 months have been some of the most challenging in the buyout industry’s recent history, as private capital fundraising fell…
US Securities and Exchange Commission responds to challenge to new rules by private funds
By Chris Prentice (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Friday defended its overhaul of rules for private funds, responding in a court filing to a lawsuit from six…
Top US official Pyle visits Argentina, discusses economy and private investment
By Kanishka Singh WASHINGTON (Reuters) – A top U.S. official from the National Security Council met senior members of the administration of Argentine President Javier Milei on Wednesday and discussed plans for…
BofA’s former head of wealth, private bank Keith Banks to retire
By Lananh Nguyen NEW YORK (Reuters) – Bank of America executive Keith Banks, who ran several of its major businesses, will retire at the end of February after more than four decades…
China venture capital, private equity funds rattled by proposed changes
By Samuel Shen and Kane Wu SHANGHAI/HONG KONG (Reuters) -China’s proposal to drastically raise the bar for investing in private equity (PE) and venture capital (VC) funds is facing backlash from industry…
Trump, Republicans push private school options to win over parents across party lines
By James Oliphant WASHINGTON (Reuters) – Beyond the tumult surrounding Donald Trump’s presidential bid and his threats to seek revenge against his political enemies should he win, the Republican frontrunner has seized…
US private payrolls miss expectations in November
WASHINGTON (Reuters) – U.S. private payrolls increased less than expected in November as the labor market gradually cools. Private payrolls rose by 103,000 jobs last month, the ADP National Employment Report showed…
Farfetch founder bids to take company private – Telegraph
(Reuters) -Online luxury retailer Farfetch’s founder José Neves is looking to take the company private after a troubled New York Stock Exchange listing, the Telegraph reported on Tuesday. Neves is said to…
Norway wealth fund could invest $70 billion in private equity
By Victoria Klesty and Terje Solsvik OSLO (Reuters) -Norway’s $1.5 trillion sovereign wealth fund, the world’s largest, should include private equity investments in its portfolio, allocating up to $70 billion, the country’s…
Former NBCUniversal chief Jeff Shell in talks to join private equity firm RedBird
NEW YORK (Reuters) – Former NBCUniversal Chief Executive Jeff Shell is in talks to join private equity firm RedBird Capital Partners, among others, he confirmed to Reuters on Monday. Shell left Comcast-owned…
Private credit to see best opportunities since ’08 crisis in coming years -PIMCO
By Matt Tracy and Davide Barbuscia (Reuters) – U.S. bond giant Pacific Investment Management Company (PIMCO) said on Monday it expects the next few years to provide the best opportunities for private…
China regulator probing private funds over disclosure
SHANGHAI (Reuters) – Chinese private funds including Hangzhou Yuyao and Shenzhen Huisheng are being investigated over suspected false information disclosure, the China Securities Regulatory Commission (CSRC) said on Friday. The CSRC said…
US FTC probes $10 billion private equity deal for Subway – report
(Reuters) -The U.S. Federal Trade Commission (FTC) is investigating whether Roark Capital’s purchase of Subway for $10 billion is legal under antitrust law given that the private equity firm already owns Jimmy…
Avenue Capital raising new ‘impact’ private credit fund – source
By Carolina Mandl NEW YORK (Reuters) – New York-based Avenue Capital Group plans early next year to launch a new fund to invest in so-called environmental impact private credit investments, according to…
State Charges New Jersey Mayor for Running Private Business Out of Town Hall
CLARK, NJ – New charges have been filed against Salvatore Bonaccorso, Mayor of Clark Township, by Attorney General Matthew J. Platkin and the Office of Public Integrity and Accountability (OPIA). Bonaccorso, 63,…
Fahad Kamal appointed CIO at UK private bank Coutts-LinkedIn
By Nell Mackenzie LONDON (Reuters) – Former Kleinwort Hambros chief investment officer Fahad Kamal has been appointed CIO at the private bank owned by Britain’s NatWest, according to a post on LinkedIn…
Moody’s creates private credit rating and research group
By Tatiana Bautzer NEW YORK (Reuters) – Ratings agency Moody’s is creating a unit to research and rate private credit, the firm said on Monday. The unit will be headed by Ana…
Private credit sees opportunity in Australia real estate as banks hesitate
By Lewis Jackson and Rae Wee SYDNEY (Reuters) – Private credit lenders are increasing their footprint in parts of the Australian commercial property market, providing alternatives for borrowers as banks scale back…
Swing-State Dem’s Senate Campaign Drops Thousands On Swanky Resort, Private Security
Swing-State Dem’s Senate Campaign Drops Thousands On Swanky Resort, Private Security Mary Lou Masters on November 2, 2023 Democratic Arizona Rep. Ruben Gallego’s 2024 Senate bid spent thousands of campaign cash on…
Silver Lake working to take entertainment giant Endeavor private
By Dawn Chmielewski (Reuters) -Private equity firm Silver Lake said on Wednesday it was working on a proposal to take talent and media company Endeavor Group Holdings private, after Endeavor announced it…
Four Men Convicted of Conspiracy and Schemes to Defraud the Small Business Administration, State Workforce Agencies, and Private Lenders
Gregory J. Haanstad, United States Attorney for the Eastern District of Wisconsin, announced that on October 17, 2023, defendants Aziz Hassan Bey, Letez Osiris Bey, Minister Zakar Ali, and Divine-Seven El were convicted…
Ex-Odey portfolio manager Hanbury aims short bet on private equity – letter
By Nell Mackenzie LONDON (Reuters) – Former Odey Asset Management (OAM) portfolio manager James Hanbury has taken short positions against private equity, which will likely struggle to finance and refinance deals as…
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