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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Private equity firm

Blackstone to buy Home Partners of America in $6bn deal

Blackstone to buy Home Partners of America in $6bn deal

  • The US housing sector has become red hot, boosted by a strong economic recovery, ultra-low interest rates and continued demand for bigger homes from people working remotely due to the pandemic.
  • The fundamental premise of the Home Partners platform is to provide residents with the opportunity to live in their chosen home with the option to purchase it.
Published 22 Jun, 2021 07:06pm
HSBC in talks to sell French retail banking to Cerberus
Business & Finance

HSBC in talks to sell French retail banking to Cerberus

  • The planned disposal is part of HSBC Chief Executive Noel Quinn's strategy to slash costs across the banking group and Reuters previously reported that Cerberus was among two remaining bidders.
  • Any sale could involve a token price, with HSBC having to plough in some 500 million euros ($595 million) to finance the necessary restructuring, Reuters previously reported.
Published 17 Mar, 2021 08:19pm
Apollo Global to buy Athene in $11 billion deal
Business & Finance

Apollo Global to buy Athene in $11 billion deal

  • Under the terms of the deal, each outstanding class A common share of Athene will be exchanged for 1.149 shares of Apollo common stock.
  • Existing Apollo shareholders will own about 76% of the combined company, and Athene investors will own the rest.
Published 08 Mar, 2021 07:33pm
Sports retailer Fanatics enters China via JV with Hillhouse Capital
Business & Finance

Sports retailer Fanatics enters China via JV with Hillhouse Capital

  • The move by Jacksonville, Florida-based Fanatics, whose annual revenue tops $3 billion, is a bet on what the company sees as untapped demand in China for sports equipment and apparel.
  • China has been a market we followed for a while, and we've been meeting with multiple partners in China trying to figure out how we approach it in the best way.
Published 25 Feb, 2021 06:18pm
Three InterPrivate-backed SPACs aim to raise $650mn in IPOs
Markets

Three InterPrivate-backed SPACs aim to raise $650mn in IPOs

  • The special purpose acquisition companies (SPACs) said they would seek to take public companies with an enterprise value of $1 billion or more in the tech and financial services sectors.
  • One of InterPrivate's SPACs, InterPrivate Acquisition Corp , agreed to take public lidar sensor maker Aeva Inc, led by former Apple Inc engineers, through a merger in November last year.
Published 17 Feb, 2021 06:28pm
Israeli cybersecurity group CYE raises $100mn from EQT, 83North
Business & Finance

Israeli cybersecurity group CYE raises $100mn from EQT, 83North

  • Cybersecurity has become a focus for businesses as the coronavirus pandemic has pushed employees to work from home, increasing the risk of hacking incidents.
  • CYE supported more than 15 different organisations impacted by the SolarWinds situation in the United States and helped them to recover from the incident.
Published 10 Feb, 2021 07:58pm