Ares Management has submitted a non-binding offer of around A$6.4 billion ($4.5 billion) to acquire Australia’s AMP, continuing the recent private equity push into the country’s wealth management industry.
AMP said in a statement that it had received a proposal from Ares to buy 100% of the business at an implied value of A$1.85 per share but cautioned that discussions are at a very preliminary stage. The...
New Frontier Japan Investment (NFJI), a lower middle-market Japanese private equity firm, is looking to raise JPY10 billion ($94.4 million) for its second fund.
From fraudulent drawdown notices to ransomware, private equity firms and their portfolio companies are increasingly vulnerable to cyber-attacks. Training and vigilance are paramount
WuXi Diagnostics, a joint venture China diagnostics business set up by Hong Kong-listed pharmaceutical outsourcing giant WuXi AppTec and US-based Mayo Clinic has completed a $150 million Series B funding round.
Affirma Capital came into being 18 months ago as Standard Chartered’s private equity team spun out with most of the remaining balance sheet assets. COO Ivo Philipps explains the middle and back office transition