Dyal Capital Partners, a private equity firm owned by Neuberger Berman, is grabbing a 20 percent stake in hedge fund Jana Partners LLC.

In 2014, Jana was behind two activist campaigns that led to M&A deals. After picking up significant stakes of company stock, Jana championed the sale of Petsmart, which BC Partners agreed to buy for more than $8 billion, and of Safeway, which was purchased by Albertsons for $9.2 billion. The firm has also accumulated activist stakes in car-rental business Hertz Global Holdings Inc. (NYSE: HTZ) and IT services company Computer Sciences Corp. (NYSE: CSC).

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