More mundanely, although a high number of the leading private equity firms have demonstrated an interest in the airport sector at times - including some notably off-the-wall instances where there was no obvious rationale for that interest - they have, by and large, been more re...
Private Equity Firm GTCR Buys Majority Stake Valuing Worldpay at $18.5 Billion Jennifer Surane – Bloomberg Private equity firm GTCR LLC agreed to buy a majority stake in Worldpay, the Fidelity National Information Services Inc. unit that handles card payments for businesses all over the world, ...
In January we saw that the popular ADS-B Exchange (ADSBx)ADS-B aggregation platform was sold to a private equity firm called JETNET. This caused quite a bit of outrage as many involved with the development of the platform were blindsided by the owner's sudden decision to sell. ADS-B Exc...
Included on this list are the world’s largest utility company, bank, construction firm, and chemicals manufacturer. China National Petroleum, a state-owned energy company, was a standout performer, with profits jumping 111% year over year to $9.6 billion. Its profit surge was fueled by a ...
Dominion Voting Systems won big in striking a historic$787 million settlementwith Fox News over allegations the broadcaster had defamed the election equipment company. But the biggest financial winner is midsize private equity firm that turned a five-year-old investment in Dominion into a tenf...
The firm gained prominence in the private-equity world by arranging the leveraged buyout of Canada's biggest telephone company, BCE Incorporated, in 2007. Chief executive Jonathan Nelson must now meet the challenges of managing a firm that has arisen from relative obscurity to become a sizeable,...
value attributed to each dollar of a company’s sales or revenues. It is critical to analyze a firm’s average ratio, as a high ratio indicates an overvalued company, while a low ratio indicates an undervalued one. In the year 2012, the credit ratings that were assigned to the bank were...
Blackstone has been the most successful private equity firm, with a market cap of $119 billion. It has outperformed all the competition. Advertisement. Despite criticism over the years, the performance of private equity firms, on net balance, has been positive, resulting in better products and ...
In a separate deal, Ascential is to sell its fashion trends business, WGSN, to private equity firm Apax Partners. Ascential had announced in January 2023 its intention to spin off its digital commerce arm in a separate listing on the US stock market, but the sale to Omnico...
Vance, who grew up in a steel town just north of Cincinnati, joined the military and went to Yale Law School; he then took a job at a venture capital firm and later led a nonprofit. But he rose to national acclaim in 2016 after writing a bestselling book, “Hillbilly Elegy,” which...