Private equity major HIG Capital has paid almost $20m to settle a lawsuit claiming its mental health company portfolio business South Bay fraudulently billed Medicaid for services provided by unlicensed, unqualified, and improperly supervised staff.
CVC Capital Partners has agreed to sell AI-driven fraud prevention and digital identity business Kount to Equifax in a $640m deal.
Vista Equity Partners co-founder Brian Sheth has resigned after two decades with the firm in the wake of firm founder Robert Smith's admission of a 15-year tax fraud.
The billionaire founder of private equity major Vista Equity Partners, Robert Smith, has avoided indictment for tax fraud by the US Department of Justice after agreeing to pay $139m and to co-operate with a government
The founder of buyout house Hauser Private Equity is facing up to six months in prison after pleading guilty to taking part in the extensive US college admissions scandal by paying $40,000 to rig his
French tech startup ubble has bagged €10m in seed capital and a partnership with Bpifrance, the investment bank.
Online fraud prevention company NS8 has picked up $123m in venture capital funding led Lightspeed Venture Partners and AXA Venture Partners.
