Tag

Private Equity

All articles tagged with #private equity

energybusiness1 day ago•13 min saved

Private Equity Bets on Utilities as AI Strains the Grid

Private equity firms are racing to buy or finance utility assets as AI-driven demand from hyperscale data centers spurs a wave of energy infrastructure investment. Utilities are selling non-core assets to raise cash, while policymakers warn a 'shadow grid' built by tech giants could bypass traditional oversight and slow grid modernization. High-profile projects—Amazon’s Texas gas plant and Nvidia’s alliance with SoftBank and the U.S. government to power an OpenAI project in Ohio—illustrate the trend, though experts caution most cost pressures come from transmission and distribution rather than supply, and argue private capital should back upgrades to the aging grid rather than create parallel networks.

via Yahoo Finance|

#ai-energy-demand #data-centers #energy-infrastructure

business4 days ago•8 min saved

Private Equity Bets Big on Pro Sports as Lakers Sale Signals a Boom in Team Ownership

Private equity investment in professional sports is rising as stable media rights and arena-related revenues attract investors. The Lakers’ sale to Thrive Capital’s Joshua Kushner and Bob Iger exemplifies a growing trend where PE firms pursue long-horizon, high-value stakes, with large portions of sports M&A driven by private-equity activity—despite higher valuations and ongoing governance considerations.

via Los Angeles Times|

#bob-iger #business #lakers

finance8 days ago•22 min saved

PayPal Eyes Sale Talks With Stripe-Advent Group After Rejected Bid

PayPal is reportedly in talks to sell itself to a Stripe-led consortium including Advent International after turning down Stripe’s $60.50-per-share bid, fueling speculation of a higher offer. A deal would combine PayPal’s consumer network (Venmo, Braintree) with Stripe to create a payments platform handling roughly $3.7 trillion in annual volume, but would face regulatory scrutiny. No agreement is signed yet. PayPal’s Q2 results beat expectations ($8.68B revenue, $1.38 non-GAAP EPS) and the stock rose on the deal chatter, as investors weigh the possibility of a higher bid or a partial carve-out.

via Yahoo Finance|

#acquisition #advent-international #finance

business9 days ago•13 min saved

Peltz's Trian Eyes Wendy's Take-Private, Fueling Stock Rally

Wendy's shares jumped after reports that Nelson Peltz's Trian Fund Management is assembling a consortium to take the company private, possibly with BlueFive Capital and Flynn Group; a formal bid could come in coming weeks. Trian is Wendy's largest shareholder, with the fund owning about 7.9% and Peltz himself around 16%, and the company is undergoing a turnaround under CEO Bob Wright amid six straight quarters of declining same-store sales. While a go-private deal could accelerate reform, the reports are unconfirmed and the business fundamentals remain challenging, with sizable short interest.

via Yahoo Finance|

#business #nelson-peltz #private-equity

politics11 days ago•102 min saved

Dead Names, Fake Support: Bloomberg Uncovers Trump's Policy Push

Bloomberg reports that more than 12,000 comments in support of a Department of Labor plan tied to Trump’s executive order to expand Americans’ retirement investments into private equity and crypto appear manufactured to simulate grassroots backing, with five nearly identical templates and comments lacking signatures, locations, or personal details. Some supporters used the names of people who had died, including Danna Oderman and Lyngrid Rawlings, prompting a living relative to denounce the misuse of her name. The scheme suggests only a small pool of genuine support for the measure; officials from the White House and Labor Department did not immediately comment.

via The Daily Beast|

#401k #death #department-of-labor

business12 days ago•14 min saved

The Lakers Sale Uncovers Mark Walter’s Tangled Empire

Ringer profiles Mark Walter, cofounder of Guggenheim Partners and owner of the Dodgers and Lakers, whose abrupt Lakers sale to Bob Iger and Joshua Kushner exposes a sprawling, opaque empire built on insurance-funded private lending and cross-ownership, while DOJ/SEC probes into loan structuring and self-dealing cast a shadow over his dominance and raise questions about timing and the fragility of his web of deals.

via The Ringer|

#business #dodgers #finance

business12 days ago•11 min saved

Silver Lake Eyes $43B Takeover of Workday in Major Software Buyout

Private equity firm Silver Lake is in talks to acquire Workday for about $43 billion, potentially among the largest software buyouts in history. Talks are ongoing with no guarantee of a deal; Silver Lake could bring in additional investors, following its previous take-private of Electronic Arts. Bhusri continues leading Workday as it faces AI-driven pressures, and Workday counts Netflix, U.S. Bank, Johns Hopkins University and Thomson Reuters among its more than 11,500 customers.

via Yahoo Finance|

#business #mergers-and-acquisitions #private-equity

business13 days ago•1 min saved

Apollo-backed deal nudges Yankees toward near-$10B valuation

The New York Yankees are valued at roughly $9.4–$10 billion after Apollo Sports Capital's $2.6 billion investment, a potential MLB record for a realized transaction; the Steinbrenner family retains control, Apollo gains a board seat and a say on refinancing debt, and MLB rules cap private equity ownership at 15%.

via Bleacher Report|

#apollo-sports-capital #business #mlb

business13 days ago•4 min saved

Yankees Land $2.6B Apollo Financing to Accelerate Growth and Stabilize Steinbrenner Control

The New York Yankees struck a $2.6 billion financing deal with Apollo Sports Capital that blends debt and equity to fuel growth while keeping the Steinbrenner family in control; Apollo gains a board seat and the Yankees gain capital to support operations and expansion, including potential investments across Yankee Global Enterprises' holdings (YES Network, Legends Hospitality, NYC FC, AC Milan). The exact equity stake wasn’t disclosed, MLB caps private equity at 15% of a club, and Forbes valued the team at about $8.5 billion.

via nypost.com|

#apollo-sports-capital #business #new-york-yankees

business14 days ago•2 min saved

Yankees land $2.6B financing deal with Apollo, Steinbrenner family retains control

The New York Yankees announced a $2.6 billion financing package from Apollo Sports Capital, a mix of debt and equity to refinance existing debt and pursue new ventures. The Steinbrenner family will maintain full control of Yankee Global Enterprises, which also includes the YES Network, Legends Hospitality, and stakes in AC Milan and NYC FC.

via The New York Times|

#apollo-sports-capital #business #debt-financing

business15 days ago•4 min saved

Big Brand Ownership, Diminished Quality: Are Your Favorite Products Losing Their Edge

A Guardian piece argues that many beloved consumer brands have degraded in quality after being acquired by large corporations or private equity, as founders cash out and ownership becomes detached from manufacturing; investor pressure to maximize profits and rising shareholder activism are linked to cost-cutting that harms product quality. With rising consumer complaints and new watchdogs tracking ownership, shoppers are urged to buy from independent brands and check who owns what.

via The Guardian|

#brand-ownership #business #consumer-goods

investing15 days ago•22 min saved

SpaceX pre-IPO bet goes bust as SPV sells stakes without notice

A retail investor who put $17,250 into a Late Stage Capital SPV to buy SpaceX pre-IPO shares thought he owned about 2,500 shares worth roughly $300,000 when SpaceX peaked in valuation, only to learn in 2024 that the SPV sold his stake for about $45,450 without notifying him. The Wall Street Journal reports about 100 other Late Stage Capital investors faced similar losses. The core issue is SPVs often own only a portion of a larger vehicle and don’t grant direct ownership of SpaceX stock, making distributions and notices depend on the SPV’s discretion. SPVs can be opaque and charge high fees, and industry warnings fromAnthropic/OpenAI highlight the risks for retail investors in private markets.

via finance.yahoo.com|

#investing #investing-risk #pre-ipo

business20 days ago•1 min saved

BC Partners Weighs Lending Lifeline to LIV Golf as PIF Pullback Bites

BC Partners’ credit arm is leading talks with a group of investors to lend LIV Golf money after Saudi Arabia’s Public Investment Fund pulled funding. No deal is finalized as discussions continue, with LIV Golf already preparing for a potential US bankruptcy filing and seeking an alternative cash lifeline.

via Bloomberg Law News|

#bankruptcy #bc-partners #business

business21 days ago•3 min saved

Walgreens trims its footprint: dozens of store closures across 12 states in cost-cutting move

Walgreens is shuttering more than a dozen underperforming stores across at least 12 states—including New York and New Jersey—as part of a multiyear plan to cut about $1 billion in costs. After going private with Sycamore Partners, the company reduced its store-closure targets to fewer than 100 for the year. Affected customers can transfer prescriptions to another Walgreens location or use delivery, with 90 days of free prescription delivery and no action required to move their records.

via New York Post|

#business #cost-cutting #pharmacy

sports25 days ago•1 min saved

FIFA abandons plan to sell World Cup stakes to private investors

FIFA President Gianni Infantino scrapped the plan to form a $20 billion commercial subsidiary and sell stakes in the World Cup to private investors, a move that would have paid each member federation a one-time $20 million. The proposal faced broad opposition from regional bodies, including Europe and CONCACAF, and was criticized for risking divisions within world soccer. Infantino said the goal was to unite the sport and push growth, not to divide it, and he pledged to bring stakeholders back together.

via NBC News|

#fifa #governance #infantino