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Category: Mergers, Acquisitions and Divestitures

Thomas H. Lee, Pioneer in Leveraged Buyouts, Is Dead at 78

Born into wealth, he became a billionaire in founding an aggressive Boston private equity firm. He was remembered as a “kinder, gentler” corporate raider.

Thomas Lee, Private Equity Pioneer, Is Dead at 78

The financier, who called himself Tomcat, was an early buyout enthusiast.

When Private Equity Came for the Toddler Gyms

The same playbook that has notched high returns acquiring things like foreclosed homes and highway rest stops is being tested by a family-oriented franchise.

Kroger-Albertsons Merger Faces Long Road Before Approval

Consumer advocates, unions and independent grocers are against a deal that would join Kroger and Albertsons, and be lucrative for investors.

Vice, a Beleaguered Avatar of New Media, Hangs a ‘For Sale’ Sign

Vice, which has struggled to achieve profitability in recent years, has formed a special committee to find suitors.

Bed Bath & Beyond in Talks to Sell Assets

The beleaguered retailer, which has warned of a possible bankruptcy, is said to be in discussions with suitors about selling pieces of its business, including its Buy Buy Baby stores.

The Kroger-Albertsons Merger Spotlights a Popular Private Equity Tactic

Albertsons wants to pay $4 billion to shareholders ahead of its proposed merger with Kroger, a move that would require the already debt-ridden company to borrow $1.5 billion.

Manchester United Owners Consider Sale of Storied Club

The Glazer family has hired advisers to weigh its options for the multibillion-dollar soccer club, which it has owned since 2005.

A Force in Hollywood’s Private-Equity Boom Adds a Spanish-Language Company

Candle Media, run by former Disney executives, is buying Exile, which has deals to produce shows for Netflix, HBO and Amazon Prime.

Even Among Corporate Raiders, Elon Musk Is a Pirate

The world of deal making has always been rough and tumble. But Mr. Musk blows any predecessors away.

Can Elon Musk Make Twitter’s Numbers Work?

Financially speaking, the billionaire’s buyout of the social media network breaks all the usual rules.

Kevin Hart’s Media Company Sells $100 Million Stake to Private Equity

The deal with Abry Partners is the latest example of private equity’s pushing into Hollywood to cash in on the demand for streaming shows.

Elon Musk Races to Secure Financing for Twitter Bid

The world’s richest man is trying to shore up debt financing, including potentially taking out a loan against his shares of Tesla, so he can buy Twitter for $43 billion.

Apollo Said to Be Weighing Participating in Twitter Bid

Investors have been skeptical that Elon Musk would be able to cobble together the funds needed to buy Twitter.

Musk Says He Has the Means to Buy Twitter, but Investors Aren’t So Sure

Elon Musk could pledge his Tesla shares, borrow from banks or team up with private equity to raise the funds. Each option comes with caveats.

Nielsen, TV Ratings Giant, Agrees to $16 Billion Private Equity Takeover

The company known for TV ratings has faced pressure from media platforms and advertisers to more accurately include digital audiences.

Private Equity Is the New Financial Supermarket

Private-equity firms were once niche players serving big clients. Now they’re trying to be everything to everyone.

Blackstone Expands Further Into Rental Housing in the U.S.

The private equity firm said it would acquire Preferred Apartment Communities, a real estate investment trust, for $6 billion as it seeks a hedge against inflation.

Athenahealth’s $17 Billion Takeover Is the Latest Private Equity Megadeal

Hellman & Friedman and Bain Capital are taking over the health care software company.

How Hunter Biden’s Firm Helped Secure Cobalt for the Chinese

The president’s son was part owner of a venture involved in the $3.8 billion purchase by a Chinese conglomerate of one of the world’s largest cobalt deposits. The metal is a key ingredient in batteries

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