GMT Communications Partners Ltd.’s attempts to let investors recoup commitments they made to a fund during the dot-com bubble are hitting a snag: some of the private equity firm’s backers want dealmakers to hand back part of their compensation, people with knowledge of the talks said.
Ares Management LLC is preparing to sell stock in the biggest initial offering of an alternative- asset manager since Carlyle Group LP went public in 2012, according to two people with knowledge of the matter.
When former JPMorgan Chase & Co. executive Mike Cavanagh arrives at Carlyle Group LP this summer, he’ll be asked to expand a firm that’s fallen behind rivals even as it delivers some of the best returns in private equity.
Multimedia Polska SA owners seek to sell a 49 percent stake in Poland’s third-biggest cable TV operator by the end of June in what is set to be central Europe’s largest initial public offering since December.
Royal Bank of Canada officials’ conflicts of interest tainted a $438 million buyout of Rural/Metro Corp. and the national ambulance service’s former investors deserved more for their shares, a judge ruled.
Former U.S. Treasury Secretary Timothy Geithner is joining private-equity firm Warburg Pincus LLC after a quarter-century career in public service that was capped by his oversight of financial crisis rescues of Wall Street banks and General Motors Corp.