How a Cracker Maker Became an Emerging Manager’s First Bet

Seven years after discovering its first portco at a trade show, Forward Consumer Partners acquired specialty cracker maker Firehook Bakery in April.

April 24, 2024

Lending

Private Equity Firms Are Borrowing Against Their Funds’ Assets

Some LPs are skeptical of firms adding debt onto an already-leveraged portfolio.

April 24, 2024

Private Equity

KKR Bets on Domestic Consumption, Private Credit in India Push

KKR joins a wave of firms deploying billions of dollars in India, attracted by the fastest-growing major economy and investment incentives offered by Prime Minister Narendra Modi.

April 24, 2024

Business Services

Wall Street ‘Partner’ Like KFC’s Colonel, Centerview Judge Says

A Delaware judge ruled that David A. Handler was not an actual equity partner in Centerview and that his title was only an honorific.

April 24, 2024

Latest News

Transportation

BDT & MSD Reportedly Near Sale of Marquette to Redwood Capital

Marquette’s founders are set to roll a roughly $100 million equity stake into a transaction that would value the company at about $1 billion.

April 24, 2024

Financial services

MassMutual Invests in Apollo’s Atlas SP

MassMutual has become a minority equity owner in Apollo’s (NYSE: APO) Atlas SP Partners and a capital partner to the Atlas platform. Atlas is the warehouse finance and securitized products business majority owned by Apollo funds. As part of the multi-billion-dollar commitment, MassMutual has also agreed to invest in Apollo’s Asset-Backed Finance (ABF) franchise. These […]

April 24, 2024

Private Equity

Black Bay-Backed Merichem Technologies Buys CPI

CPI’s products will be integrated into the Merichem Technologies’ Catalyst Division.

April 24, 2024

Private Equity

Godspeed Capital Acquires IDCUS

The transaction marks the first addition to Godspeed’s ICE USA platform.

April 24, 2024

Private Equity

Granite Creek Invests in DCG

District Communications Group is a communications firm offering market research and strategic communications services.

April 24, 2024

Trends & Analysis

Retail

Infinite Reality Buys Drone Racing League for $250M

As part of the acquisition, Infinite Reality will take on DRL’s staff, while DRL’s CEO and founder Nicholas Horbaczewski will become Infinite Reality’s global president.

April 23, 2024

Pedestrians pass the Bank of England in London

Financial services

U.K. Banks Ordered to Start Stress Testing Private Equity Exposure

The Bank of England has been increasingly voicing its concern about the ways that the growth of the private equity industry could threaten the stability of the U.K.’s financial system.

April 23, 2024

Aerospace

Boeing Bid for Spirit AeroSystems Hits Snag Over Airbus Assets

Untangling Spirit is complicated because the company makes parts not just for Boeing, but also for rival Airbus as well as manufacturers including Northrop Grumman.

April 23, 2024