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Billions Down The Toilet As Private Equity Firms Take Bath On Hot New 'Continuation Vehicle' Strategy
Wednesday, November 26, 2025 - 2:43pm | 608Read More...The private equity trend of continuation vehicles (CVs)—a strategy soaring in popularity—is in the spotlight due to a high-profile failure involving United Site Services (USS), a portable toilet rental company. ARES stock is moving. See the details here. Major financial institutions, including...
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Platinum Equity Affiliate Buys Wesco Aircraft For $1.9B
Friday, August 9, 2019 - 10:32am | 329Read More...Wesco Aircraft Holdings Inc. (NYSE: WAIR) said Friday it has entered into a definitive merger agreement to be acquired by an affiliate of Platinum Equity in a transaction valued at approximately $1.9 billion. Under the agreement, Wesco shareholders will receive $11.05 per share in cash. The...
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NBA Approves Detroit Pistons' Move Back To The City
Thursday, August 3, 2017 - 4:48pm | 407Read More...The return of the Detroit Pistons to their namesake city has received NBA approval. The NBA board of governors voted unanimously Thursday in favor of the team’s move from the suburban Palace of Auburn Hills to Little Caesars Arena in downtown Detroit, according to the Detroit Free Press. The...
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Detroit Pistons, Flagstar Bank Sign Jersey Sponsorship Deal
Wednesday, July 26, 2017 - 12:29pm | 745Read More...The Detroit Pistons are taking it to the bank. Flagstar Bancorp Inc (NYSE: FBC) has signed on as the basketball team's first-ever jersey sponsor. Flagstar CEO Alessandro DiNello said he's a lifelong Pistons fan. "It's great to have the team come back downtown. That's...
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Borders in Talks to Sell Half Its Stores
Thursday, June 2, 2011 - 8:27am | 157Read More...Borders, which filed for Chapter 11 bankruptcy in February, may have found a buyer in the Gores Group. The Los Angeles-based private equity firm is reportedly in talks to acquire at least half of remaining Borders stores for around $200 million. While Borders has held talks with other potential...
