private equity

Worldpay Becomes Independent Company as GTCR Sale Closes
Worldpay Becomes Independent Company as GTCR Sale Closes
February 01, 2024  |  Acquisitions

Payments technology firm Worldpay has begun life as an independent business. The company announced Thursday (Feb. 1) that former owner FIS had finalized the sale of Worldpay to private equity firm GTCR,...

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Private Credit Booms as Main Street Firms Seek Capital Access 
Private Credit Booms as Main Street Firms Seek Capital Access 
January 15, 2024  |  SMBs

For corporates, especially smaller Main Street businesses, private credit (aka private debt) appears as an avenue through which they can get the capital they need....

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Logjam in Funding: Limited Runway for Startups Heading into 2024
Logjam in Funding: Limited Runway for Startups Heading into 2024
January 05, 2024  |  Startups

Venture capital fundraising in the United States has reached its lowest level in six years, according to recent data. The annual fundraising figure for 2023...

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Dealmakers Hope for ‘M&A Rebound’ After Weak 2023
Dealmakers Hope for ‘M&A Rebound’ After Weak 2023
December 26, 2023  |  Acquisitions

It was a bleak year for mergers and acquisitions (M&A), the worst in a decade. However, a pair of reports Tuesday (Dec. 26) show that...

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Bain Sells $448 Million Share in Indian Lender Axis Bank
Bain Sells $448 Million Share in Indian Lender Axis Bank
December 13, 2023  |  Loans

Private equity firm Bain Capital has reportedly sold a $448 stake in India’s Axis Bank. The company made the block trade Wednesday (Dec. 13), Reuters reported, citing a term sheet...

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Motive Partners Invests $50 Million for Controlling Stake in Splitit
Motive Partners Invests $50 Million for Controlling Stake in Splitit
December 12, 2023  |  Investments

Private equity group Motive Partners has secured a controlling stake in installment payments company Splitit. Motive has committed to invest $50 million in Splitit, the companies announced Tuesday (Dec. 13)...

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Report: Worldline Could Be Private Equity Takeover Target
Report: Worldline Could Be Private Equity Takeover Target
November 26, 2023  |  Acquisitions

Worldline’s stock climbed last week amid reports that it could be a takeover target. As Seeking Alpha noted Friday (Nov. 24), the French payments firm rose 5% on...

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Report: Advent Holds Off on CCC Intelligent Solutions Sale
Report: Advent Holds Off on CCC Intelligent Solutions Sale
October 24, 2023  |  Acquisitions

The sale of car insurance industry software firm CCC Intelligent Solutions is reportedly in limbo. According to published reports Tuesday (Oct. 24), sources familiar with the matter say CCC...

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Brookfield Taps Ex-Worldpay Exec to Move Deeper into Payments Sector
Brookfield Taps Ex-Worldpay Exec to Move Deeper into Payments Sector
October 23, 2023  |  Personnel

Brookfield has hired Worldpay’s former CEO to oversee its push into the financial infrastructure space. Sir Ron Kalifa, who spent more than a decade leading...

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