TPG Capital and former LightSquared Inc. Chief Executive Officer Sanjiv Ahuja are teaming up on a telecommunications venture in Myanmar, the first foray by a big- name U.S. private-equity firm in the country since it emerged from military rule three years ago.
Bruce Karpati, a former top attorney at the U.S. Securities and Exchange Commission, is joining KKR & Co. as the private-equity firm’s global chief compliance officer, a person with knowledge of the matter said.
Bruce Karpati, a former top attorney at the U.S. Securities and Exchange Commission, is joining KKR & Co. as the private-equity firm’s global chief compliance officer, a person familiar with the matter said.
TPG Capital is leaning against investing in room-sharing startup Airbnb Inc. at a $10 billion valuation, people with knowledge of the discussions said, in a sign that some investors are pushing back against Silicon Valley’s frothy startup funding environment.
Buyout firm Apax Partners LLP stands to score a 10,000 percent gain on its 2005 investment in King Digital Entertainment Plc as the maker of smartphone game “Candy Crush Saga” prepares its initial public offering.
Four top executives of Fortress Investment Group LLC, the first publicly traded private-equity and hedge-fund manager in the U.S., will sell 25.7 million Fortress shares and operating units, about 10 percent of their interest, in an underwritten public stock sale.
Activist investors are playing a more constructive role in corporate America even as boards view them as a potential “nightmare,” said John Studzinski, who heads the merger and acquisitions advisory business at Blackstone Group LP.