By Jarrett Renshaw, Ernest Scheyder and Gram Slattery WASHINGTON, March 20 (Reuters) – A top House Democrat on Thursday accused U.S. Commerce Secretary Howard Lutnick of structuring Washington’s $1.58 billion investment in USA Rare Earth in a way that gives the government “very concerning” leverage over the company, while boosting Lutnick’s family investment firm. In…
The proposed sale of British accounting practice Xeinadin has been put on hold after bids failed to meet the more than £1 billion ($1.36 billion) valuation sought by its private equity owner, the Financial Times (FT) reported. Exponent, the U.K. buyout firm that invested in Xeinadin about four years ago, hired Evercore last summer to…
Broadcast Retirement Network’s Jeffrey Snyder discusses private equity performance with Eileen Appelbaum, PhD, of the Center for Economic and Policy Research. Jeffrey Snyder, Broadcasting Retirement Network Dr. Appelbaum, it’s a pleasure to see you again. Happy New Year and thanks for joining us this morning. I’m glad to be back with you. Let’s talk about…
You don’t need a ton of cash or a “members only” jacket to get into private equity; an ETF will do the job…sort of. Private fund assets have roughly tripled over the past 10 years, outpacing the public market’s more than double growth rate, according to a recent Morningstar report. As companies stay private for…
For decades, Denny’s was America’s iconic dining destination: the go-to place for cheap coffee, late-night eats, and roadside convenience. But all that has changed in recent years. While portions remain generous, the once-ubiquitous chain has been shrinking as Denny’s battles rising menu prices, declining customer traffic and a wave of restaurant closings. Now Denny’s is…
The private capital giant KKR is considering selling its 40% participation in the Pembina gas infrastructure, a Canadian intermediate current operator valued at approximately $ 7 billion, according to sources familiar with the matter. Pembina gas infrastructure was created in 2022 as a joint business between KKR and Pembina Pipeline Corp. The company has the…
