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Goldman Sachs' Petershill private equity vehicle eyes $5bn London IPO citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
Goldman Sachs' Petershill private equity arm eyes $5bn London IPO citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
While terms of the deal were not disclosed, Incline said it’s a passive, minority investment. Joining with Goldman gives Incline, which says it has raised about $2.8 billion, access to Goldman’s much larger network of investors for future fundraising and finding new investors. “This transaction marks the next phase in Incline’s growth,” Jack Glover, managing partner of Incline, said in a statement. “With additional capital and a world-class partner, we look forward to accelerating the execution of our strategy, while continuing to develop the culture and team that have contributed to our success.” [ Goldman, in turn, will get exposure to a mid-sized private equity firm while avoiding fees for access to its funds. ....
The Court of Chancery in Delaware has ruled that credit asset manager Sixth Street Partners can’t stop the $12 billion deal between its minority owner Dyal Capital Partners and rival Owl Rock Capital. Sixth Street filed a lawsuit in February, alleging that the deal violated the terms of its 2017 partnership agreement with Neuberger Berman’s Dyal, whose business revolves around buying minority stakes in alternatives managers. Sixth Street claimed that under the deal it would end up directly competing with its future owner, Owl Rock, and that it had specifically negotiated broad transfer rights in its contract to prevent such a situation from occurring. ....
Judge denies Sixth Street bid to block Dyal-Owl Rock merger pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.