Private equity firms are in a pickle. They usually buy companies, fix them up, and sell them for a profit. But lately, it's been tough to find buyers. Interest rates have shot up, making it expensive to borrow money for deals. So, what's their clever trick? They're selling companies to themselves!
College sports have seen a huge shift in recent years. Athletes are now getting paid, some making millions. This change came after two big court rulings. First, the Supreme Court said in 2021 that the NCAA couldn't limit benefits for athletes. Then, they allowed athletes to be paid for their name, i
A big change is coming to college sports, and the University of Utah is at the center of it. The school is teaming up with Otro Capital, a private equity firm from New York. This deal could bring in up to $500 million, which is a lot of money for any sports program. The firm will own a small part of
Wrexham, a historic soccer club from Wales, is making waves. The team, owned by famous actors Ryan Reynolds and Rob Mac, has just brought in a new partner: Apollo Sports Capital. This U. S. company is investing in Wrexham's future, including upgrades to their stadium and the local area. This isn't
A tech CEO from Nashville is in hot water. Marcus Cobb, the boss of a startup called Mozaic Payments, is accused of tricking a private equity firm out of $20 million. The startup claimed to have an app for sharing music royalties, but it didn't work. The money was gone by 2025. Cobb and his co-foun
The University of Utah is making a big move to pump money into its sports teams. They're teaming up with a private equity firm to create a new company. This company will handle all the business stuff related to sports, like selling tickets, making deals, and licensing. The goal is to raise at least
Private equity firms have a unique way of making money. They buy companies, improve them, and sell them for a profit. If they buy a company for $2 billion and sell it for $3 billion, they earn a big bonus. This bonus is called a "carry. " It's usually 20% of the profit, which in this case would be $
David Gentile, a former bigwig in the finance world, just got a lucky break. He was locked up for tricking thousands of people out of their hard-earned cash. But now, he's out of jail after only a couple of weeks. How did this happen? Gentile was the boss of GPB Capital. He promised investors big r
In late October, employees of Renovo Home Partners woke up to a harsh reality: their jobs vanished overnight. The company, once a promising venture backed by major investors like BlackRock, shut down abruptly. Workers were left without pay, health insurance, and unfinished projects. This sudden coll
Starbucks is making a big move in China. They are teaming up with Boyu Capital, a private equity group based in Hong Kong. This deal will create a joint venture worth $4 billion. Starbucks will keep a 40% stake in their 8, 000 Chinese stores. Boyu Capital will hold up to 60%. This isn't just about
