Financial services A New Crypto Banking System Arises Under the Shadow of a Regulatory CrackdownIn the U.S., crypto firms are turning to a handful of smaller regional lenders to open bank accounts. June 9, 2023
Private Equity Grove Mountain-Backed Central States Buys SipesSipes is focused on parking lot services related to asphalt paving and concrete. June 8, 2023
Lending HPS Investment Partners Raises $10BTo date, the fund has committed approximately 57 percent of its capital across 54 investments. June 7, 2023
Lending Apollo’s Kleinman Says PE Needs Old Skills with Rates HighHigher interest rates have raised the cost of financing for private equity firms, making it harder to get deals over the line. June 7, 2023
Financial services Struggling Companies That Got Debt Lifelines Are Failing AnywayInstead of cutting back debt as a true restructuring would, these deals often just move it around. June 6, 2023
Private Equity EQT Chief Predicts Major Private Equity Consolidation WaveSinding said 80 percent of the dry powder in private equity is being raised by the mega funds. June 6, 2023
Lending Safran in Talks for $1B Raytheon Flight Control UnitThe purchase would rank as Safran’s biggest deal since its 2017 agreement to buy Zodiac Aerospace SA for nearly $9.6 billion including debt. June 5, 2023
Financial services UBS to Complete Credit Suisse Takeover as Early as June 12Shareholders of Credit Suisse will receive one UBS share for every 22.8 outstanding shares held. June 5, 2023