China’s local governments are seeking global investors to cut costs on 17.9 trillion yuan ($2.9 trillion) in debt as the property market weakens, yields surge and economic growth cools to the slowest in 24 years.
LPL Investment Holdings Inc., the brokerage owned by private-equity firms TPG Capital and Hellman & Friedman LLC, filed to raise as much as $600 million in an initial public offering.
Mediobanca SpA, Italy’s biggest publicly traded investment bank, posted a fiscal third-quarter loss after booking losses from equity stakes in Assicurazioni Generali SpA and other companies.
Maurice “Hank” Greenberg’s Starr Investment Holdings agreed to buy MultiPlan Inc., a manager of claims for large health-care insurers, from two private equity firms.
Alta Mesa Holdings LP, the Houston- based energy company, is marketing debt as speculative-grade bonds maturing in eight years or more climbed to the most this year relative to all new issues.