, which is a comfortable range for us given the strength of our current portfolio. Our strong capital position affords us the ability to continue to opportunistically seek to expand our portfolio, and we remain focused on maintaining both a durable and diversified set of income-generating assets. We see ample opportunity to deploy capital in …
Eight months after originally declining, Nelson Peltz has had a change of heart and now seeks a seat on Walt Disney’s board. Peltz, an activist investor, has been steadily increasing his stake in the company, which now stands at over $2.5 billion. This renewed interest comes at a time when Disney has been facing internal …
Innovation begins with ideas, but ultimately relies on financial support. Richard Lyons, the University of California, Berkeley’s first-ever chief innovation officer, has implemented a program that generates funding for innovative startups and channels the profits back to the university. Should you keep investing in Big Tech? Lyons, a former dean of UC Berkeley’s business school …
Maybe he’s more used to a boardroom than a courtroom. Billionaire investor Michael Fisch struggled to maintain composure as tensions rose at a sensational divorce hearing. A scolding from a Manhattan judge warned the fuming financier to calm down and let the lawyers do the talking. “Sir, please just listen,” Justice Ariel Chesler told Fisch …
Subway’s recent $9.6 billion deal to sell itself to Roark Capital could face more antitrust scrutiny than initially expected. One major area of concern is the strict competitive rules that Subway has imposed on its franchisees. Roark Capital already owns several other fast-food chains, including Dunkin Brands, Arby’s, Sonic Drive-In, Schlotzky’s, and Jimmy John’s. If …
According to a new report from Pitchbook, over a third of the 153 major professional men’s sports teams in the US—those comprising the MLB, MLS, NBA, NFL, and NHL—are partly owned by private equity groups. Read More A new investment research group found that 60 US men’s teams (and 3 Canadian teams in American leagues)—collectively …
Earlier this year, the Department of Justice prevented Penguin Random House, a company owned by German media giant Bertelsmann, from acquiring Simon & Schuster. HarperCollins, Penguin Random House, Hachette, Macmillan, and Simon & Schuster already dominate 80 percent of the book market. The literary community sighed with relief. Less than a year later, private-equity firm …
A group of trade associations has launched a legal challenge against new regulations implemented by the Securities and Exchange Commission (SEC). The associations filed a lawsuit in the U.S. Court of Appeals for the Fifth Circuit, claiming that the SEC has exceeded its authority and introduced rules that will hinder investment. President and CEO of …
Subway announced on Thursday that it will be acquired by Roark Capital, a private equity firm known for its restaurant management expertise. This acquisition is expected to facilitate the expansion and improvement of Subway’s stores. The specific terms of the deal have not been disclosed. According to the Wall Street Journal, Roark Capital has …
The Government has proposed that the pensions industry may be able to negotiate lower fees with private equity firms. Under the suggestion, annual management costs would be reduced to just 1%, while performance fees would be set at 10%. Laura Trott, the minister for pensions, emphasized that returns on investments could vary. Furthermore, she stated …