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Category: Politics

Global economy at risk of repeating mistakes of the 2008 financial crisis

Avoiding policy errors of the 2008 economic meltdown should be a top priority, says Mohamed El-Erian, chief economic adviser to Allianz

UK’s privacy watchdog investigates Barclays for allegedly spying on staff

The Information Commissioner Office confirmed its probe into the bank’s use of computer monitoring software

Carrick Buys Flatiron from WeWork

Carrick Capital Partners has acquired Flatiron School, an educational provider of on-line coding skills, from WeWork. New York City-based Flatiron School is an educational institution that teaches software engineering, computer programming, data science, and cybersecurity

The week in review: US fires delisting warning to Chinese companies, Treasury sanctions Hong Kong leader, TikTok threatens to sue Trump administration

In this round-up, the US once again threatens to delist Chinese companies from American stock exchanges, the Treasury department imposes sanctions on 11 government officials in Hong Kong, including the chief executive of the special

P101 in €6.4m round for WeSchool

Venture capital house P101 has invested in a €6.4m round for Italian digital learning platform WeSchool.

Indian loan market shows signs of revival, but faces challenges

Indian borrowers are finally returning to the offshore loan market after months of little to no action. But even as a pipeline builds, bankers remain wary of challenges around execution. Pan Yue reports.

PE-backed Vertafore targeted by rival Roper, other buyout firms, deal could reach $5.5bn – report

Private equity-backed insurance software company Vertafore is in the sights of other buyout houses and rival Roper Technologies in what could end up as a $5.5bn buyout.

Rival offer sees Thoma Bravo up deal for insurtech business Majesco to $729m

Private equity house Thoma Bravo has upped its previously agreed deal for cloud insurance software provider Majesco to $729m amid rival interest from a new suitor.

Ming Yuan Cloud pre-markets Hong Kong IPO

Real estate-focused software company Ming Yuan Cloud Group Holdings has kicked off pre-deal investor education for its Hong Kong listing, according to a senior source close to the transaction.

Blackstone Inks First Fund VIII Control Buy

Blackstone has agreed to acquire Ancestry from Silver Lake, GIC, Spectrum, and Permira at an enterprise value of $4.7 billion. The buy of Ancestry is the first control acquisition for Blackstone Capital Partners VIII LP

River Associates Closes 99th Transaction

River Associates Investments has acquired Yale Cordage in partnership with the company’s management team. Yale Cordage is a designer and manufacturer of synthetic rope and rope systems used in critical, high cost-of-failure applications. Specific uses

Marlin invests in Pentalog

Marlin Equity Partners has backed software development and digital services firm Pentalog.

Partners Group-backed Civica acquires InfoFlex

Partners Group portfolio company Civica has acquired healthcare software developer InfoFlex.

CalPERS reveals surprise resignation of CIO Meng, begins hunt for replacement

Pension giant CalPERS has revealed the surprise resignation of CIO Yu Meng after just 18 months in the role.

Why the massive explosion in Beirut will deepen Lebanon’s financial nightmare

At least 100 people died in the blast, and 4,000 others were injured after thousands of tons of ammonium nitrate stored by the government in a warehouse ignited

Transom Hits Grand Slam

After a mere 14-month hold, Transom Capital has sold its portfolio company Pelco to Motorola Solutions. Pelco is a designer, developer and manufacturer of video security products including video security cameras, video management and recording

EnPro Sells Springs Business to Turnspire

Turnspire Capital Partners has agreed to acquire the Goodyear Air Springs business from publicly traded EnPro Industries. Goodyear air springs are used by original equipment manufacturers and fleet operators for trucks, trailers, buses, and specialty

Bain’s Hugh MacArthur says private equity must adapt to thrive in post-Covid world

The pandemic is forcing firms to work toward incorporating technology more effectively into their operations

Marcol invests in Fernarzt, launches new HealthHero platform

Marcol has acquired a 90% stake in Germany-based telemedicine startup Fernarzt and has announced the launch of its UK-headquartered digital health business HealthHero.

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