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How Red Lobster’s misguided endless shrimp promotion drove it into bankruptcy
CNN Business via Yahoo Finance· 7 hours agoThe following year, Darden sold Red Lobster to Golden Gate Capital, a private equity firm, for $2.1...
CyberArk To Acquire Machine Identity Firm Venafi For $1.54B
CRN· 12 hours agoThe acquisition is the largest in CyberArk’s history, according to an analyst. CyberArk announced a...
Buyout firm Roark explores sale of Primrose Schools, sources say
Reuters· 4 days agoPrivate equity firm Roark Capital is exploring a sale of Primrose Schools that could value the U.S....
Phillips 66 to Buy Pinnacle Midland for $550 Million in Cash
Bloomberg· 4 hours agoHave a confidential tip for our reporters? Phillips 66 agreed to acquire Pinnacle Midland Parent LLC...
U.S. Senator Amy Klobuchar Urges Federal Trade Commission to Help Prevent Private Equity Firms from...
Sierra Sun Times· 6 days agoWASHINGTON – On Monday, U.S. Senator Amy Klobuchar (D-MN) sent a letter to Federal Trade Commission...
Vance Street Capital Closes $775M Fund
Los Angeles Business Journal· 19 hours agoVance Street Capital recently closed an oversubscribed $775 million Fund IV. The Pacific Palisades-based private equity firm focused ...
A $10 Billion Real-Estate Fund Is Bleeding Cash and Running Out of Options
The Wall Street Journal· 16 hours agoA redemption halt “would be fatal,” Stanger’s Gannon said. “You wouldn’t be able to raise another...
Eli Manning wants his own team as private equity targets NFL
Pensions & Investments· 12 hours agoEli Manning, the retired quarterback who led the underdog New York Giants to two Super Bowl victories, now wants a team of his own. Manning’s Brand Velocity Group is hoping to take advantage ...
Red Lobster closings: See which locations are shutting down as company files for bankruptcy
USA TODAY via Yahoo Finance· 8 hours agoThai Union Group − which is based in Thailand − has been the largest shareholder since 2020, owning 49% of the company. Darden Restaurants originally sold off Red Lobster to private ...
Alabama State University receives Wall Street firm’s historic endowment assistance
ABC News via Yahoo Finance· 3 days agoAlabama State University is partnering with private equity firm Neuberger Berman to manage the...