Private Equity at 50: Hold Everything
Private equity celebrates its 50th anniversary amid an unprecedented distribution drought. The article argues that while low interest rates contribute, the primary driver is the sector’s scale, which has shifted incentives from performance‑based carried interest to asset‑under‑management‑driven enterprise value, encouraging longer hold periods. To manage liquidity, firms increasingly use continuation vehicles, NAV‑linked loans, and GP‑stake sales, creating a “new exit game” that preserves fee‑generating assets. Meanwhile, media focus on mega‑firms overlooks thousands of lower‑middle‑market and specialist managers that still rely on the classic buy‑improve‑sell model.
Angelini Technology Acquires Minority Stake in Lab0
Angelini Technologies has taken a minority equity position in U.S. robotics startup Lab0, the maker of the RoboGlide system that automates container loading and unloading. The investment is intended to accelerate Lab0’s move from prototype to commercial scale and may...
South Africa: New ALT Capital Fund to Back Rural and Township Convenience Retail Centres
Johannesburg-based ALT Capital Partners has launched the Reimagine Social Impact Retail Fund 2, following the success of its first fund that now operates 11 assets across seven South African provinces. The new fund will raise roughly R2.5 billion (about $152.8 million) to...
Nordstrom Und Drang
A year after its 2023 buyout, Nordstrom is emphasizing financial discipline while seeking new growth avenues. The department‑store chain announced a partnership with British basics retailer Marks & Spencer, introducing the UK brand to a limited number of U.S. locations....
Investcorp AI Acquisition Corp. (IVCA) to Combine with Blue Finance in $219M Deal
Investcorp AI Acquisition Corp. (IVCA) announced a definitive agreement to combine with Blue Finance, creating a public company valued at approximately $219 million. The transaction positions the new entity as an AI‑focused investment platform, leveraging IVCA’s SPAC structure and Blue Finance’s...
New SPAC: General Catalyst Global Resilience Merger Corp.
General Catalyst announced the formation of General Catalyst Global Resilience Merger Corp, a new special purpose acquisition company (SPAC) filed for an initial public offering on April 14, 2026. The vehicle is positioned to raise roughly $200 million to pursue acquisitions...
Sizzle Acquisition Corp. II (SZZL) to Combine with Trasteel Holding in $1.3Bn Deal
Sizzle Acquisition Corp. II (ticker SZZL) announced a definitive business combination with Trasteel Holding, a steel manufacturing and recycling company, in a transaction valued at roughly $1.3 billion. The agreement provides Trasteel with about $300 million in cash and the balance in...
Audubon Buys Alliance Engineering
Audubon Companies LLC, a subsidiary of Nobel Energy, announced the acquisition of Alliance Engineering, a Mobile, Alabama‑based engineering and construction‑management firm. The deal folds Alliance’s mechanical, electrical, structural, piping and process engineering capabilities into Audubon’s integrated service platform, extending its...
Delaware Supreme Court Reinforces the Importance of Precision in Drafting ADR Provisions in Merger Agreements
The Delaware Supreme Court upheld that an arbitration clause covering earn‑out calculations also encompasses bad‑faith claims about those calculations in the Fortis Advisors v. Stillfront merger dispute. The case involved Stillfront’s 2019 $90 million acquisition of Kixeye, with an earn‑out tied...
Amazon.com to Acquire Globalstar in a $11.68 Billion Deal
Amazon.com announced a definitive agreement to acquire satellite‑communications firm Globalstar for $11.68 billion. Shareholders can elect $90 in cash or 0.3210 Amazon shares per Globalstar share, with cash limited to 40% of the equity and a $110 million downside adjustment. The acquisition...
PE-Backed Mulilo Reaches Financial Close on South African Solar Project
Mulilo, backed by Copenhagen Infrastructure Partners and Norfund, has reached financial close on the Middlepunt Solar PV project in South Africa. The 337 MW (DC) facility will export 240 MW (AC) and is expected to produce about 770 GWh of electricity each year....
The VinePair Podcast: Is Brown-Forman for Sale? To Whom?
Recent reports suggest French spirits giant Pernod Ricard is weighing a takeover of Brown‑Forman, the maker of Jack Daniel’s, while rival Sazerac has also entered negotiations. The discussions have sparked speculation about whether the deal will be a full merger or a...
Databricks Acquires Quotient AI
Databricks announced the acquisition of Quotient AI, a startup specializing in model governance, versioning and reproducibility tools. The deal embeds Quotient AI’s automation layer into Databricks’ lakehouse, creating a unified environment for data preparation, feature engineering, model training and deployment....
Invel Real Estate Secures €65 Million to Scale YellowSquare
Invel Real Estate has obtained a €65 million (approximately $70 million) financing facility from UniCredit to accelerate the growth of its hostel‑operator partner YellowSquare. The loan backs the Fondo Yellow vehicle, fully funded by Invel and managed by Castello SGR, and will...
United Airlines CEO Has Floated The Idea Of Buying American Airlines
United Airlines chief Scott Kirby has informally floated a merger‑or‑acquisition proposal with rival American Airlines, even briefing senior U.S. government officials about the idea. Kirby, a former American Airlines president, sees the deal as both a strategic and personal opportunity....
