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…
Sweden’s H2 Green Steel raises $1.6 billion for Boden plant
OSLO (Reuters) -H2 Green Steel has raised equity funding of about 1.5 billion euros ($1.6 billion) to build the world’s first large-scale green steel plant, the Swedish steel company said on Thursday,…
European private loan market falters as corporate credit stress mounts
By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – Direct lending, a key but expensive source of credit for riskier European firms that banks often shy away from, is running out of…
Private market insured losses from Hurricane Idalia to be $3-5 billion – Moody’s RMS
(Reuters) – Private market insured losses are expected to be between $3 billion and $5 billion due to Hurricane Idalia which struck the Big Bend region of Florida last week, the catastrophe…
Exclusive-Egypt buys nearly half a million tons of Russian wheat in private deal
By Sarah El Safty and Michael Hogan CAIRO (Reuters) – Egypt’s state grains buyer bought about a half a million metric tons of Russian wheat in a private deal, four traders told…
China’s state planner to set up special bureau to support private economy
BEIJING (Reuters) – China’s central government has approved setting up a special bureau within the National Development and Reform Commission (NDRC) to promote the development and growth of the private economy, the…
Some onshore creditors of Country Garden private bond receive interest payments – sources
HONG KONG (Reuters) – Some onshore creditors of embattled Chinese property developer Country Garden’s private bond have received interest payments, sources told Reuters on Friday. The development comes after Country Garden on…
Biden DOJ Floats New Rule To Crack Down On Private Gun Sellers
Biden DOJ Floats New Rule To Crack Down On Private Gun Sellers Lillian Tweten on August 31, 2023 The Department of Justice (DOJ) proposed a rule Thursday that would tighten regulations on…
Private equity owners of Procare Solutions explore sale of software maker-sources
By Milana Vinn NEW YORK (Reuters) – The private equity owners of Procare Solutions are exploring a sale that could value the child-care management software provider at nearly $2 billion, including debt,…
US private payrolls growth slows sharply in August – ADP
WASHINGTON (Reuters) – U.S. private payrolls increased less than expected in August, the latest indication that the labor market was losing steam, though it remains tight. Private payrolls rose by 177,000 jobs…
Chinese banks should step up lending to private sector, central bank official quoted
BEIJING (Reuters) -An official at China’s central bank urged banks to step up lending to private companies during a meeting on Wednesday with financial regulators, corporations and lenders, the state-owned Securities Times…
Pope Blasts ‘Backward’ US Catholics For Putting Ideology Above Faith During Private Meeting
Pope Blasts ‘Backward’ US Catholics For Putting Ideology Above Faith During Private Meeting Kate Anderson on August 28, 2023 Pope Francis argued that some U.S. Catholics are “backward-looking” by putting ideological issues…
DeSantis Admin Says Private Schools, Colleges Must Use Bathrooms On Basis Of Biological Sex
DeSantis Admin Says Private Schools, Colleges Must Use Bathrooms On Basis Of Biological Sex Reagan Reese on August 24, 2023 The Florida Board of Education (BOE) voted Wednesday to require restrooms in…
IBM sells weather business to private equity firm Francisco Partners
(Reuters) – International Business Machines has agreed to sell its weather business to private equity firm Francisco Partners for an undisclosed sum, the technology services giant said on Tuesday. The sale includes…
US SEC poised to adopt rules for $20 tln private fund industry
By Douglas Gillison (Reuters) – Wall Street’s top regulator is set next week to adopt new transparency rules for the $20-trillion private investment fund industry, according to an official notice, acting on…
Dem Org Pours Millions Into Private Security For Polling Locations, Voter Registration
Dem Org Pours Millions Into Private Security For Polling Locations, Voter Registration Mary Lou Masters on August 17, 2023 An organization that aims to elect Democrats to election offices across the country…
Analysis-China’s crackdowns rewrite investors’ private sector playbook
By Samuel Shen and Summer Zhen SHANGHAI/HONGKONG (Reuters) – Buy the state, sell the capitalist – that’s how global investors are trying to play China’s latest anti-graft crackdowns as they see private…
Private jet firm Wheels Up considers options, including bankruptcy protection
(Reuters) -Private jet charter company Wheels Up Experience said on Monday it was considering strategic alternatives, including filing for bankruptcy protection, sending its shares down over 8% in extended trading. The company…
Private equity firm CVC bags $4.45 billion so far in sixth Asia-focused fund
By Kane Wu HONG KONG (Reuters) -Europe-based private equity firm CVC Capital Partners has raised over $4.45 billion so far for its new Asia-focused fund, its latest regulatory disclosure showed. CVC is…
‘Force Multiplier’: Intel Agencies Want To Enlist Private Companies, Nonprofits ‘In Defense’ Of US Interests
‘Force Multiplier’: Intel Agencies Want To Enlist Private Companies, Nonprofits ‘In Defense’ Of US Interests Micaela Burrow on August 10, 2023 The intelligence community wants to deepen cooperation with private companies and…
CD&R to take packaging firm Veritiv private in $2.3 billion deal
(Reuters) -Veritiv on Monday agreed to be bought by private equity firm Clayton, Dubilier & Rice (CD&R) in a $2.3 billion deal that would take the packaging firm private. The buyout of…
Private equity firm KKR reports milder-than-expected 23% drop in Q2 earnings
By Chibuike Oguh NEW YORK (Reuters) – Private equity firm KKR & Co Inc said on Monday its second quarter after-tax distributable earnings fell 23% year-on-year as growth in management and transaction…
Biden vowed to reform immigration detention. Instead, private prisons benefited
By Ted Hesson, Mica Rosenberg and Kristina Cooke PHILIPSBURG, Pennsylvania (Reuters) – As a presidential candidate in 2020, Joe Biden pledged to end for-profit immigration detention, saying: “No business should profit from…
North Korea responds to UN Command on US Private Travis King -Pentagon
By Idrees Ali and Phil Stewart WASHINGTON (Reuters) -North Korea has offered a very brief response to the United Nations Command about a U.S. soldier who dashed over the heavily-guarded border with…
Rich Residents Getting Around Nation’s Rolling Blackouts With Pricey Private Energy
Rich Residents Getting Around Nation’s Rolling Blackouts With Pricey Private Energy Nick Pope on July 28, 2023 Wealthy South Africans have turned to installing private solar panels to insulate themselves from the…
Analysis-Small firms offer private equity job market bright spot
By Maiya Keidan (Reuters) – It’s getting more difficult to land a job in the private equity industry — unless you are willing to join a smaller firm. Buyout firms specializing in…
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