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Marlan Space, Loft Orbital, and Mistral join $1B agentic AI space venture

Paris Summit Unveils $1 Billion Space AI Megadeal Led by Marlan Space and Loft Orbital Marlan Space and Loft Orbital have partnered with frontier AI developer Mistral AI and imager…

Stephen Finds9 Sept 20262 min read

Capital One Closes $35B Acquisition of Discover Financial

The combination creates the largest US credit card issuer by loan volume and gives Capital One ownership of the Discover payments network.

Tom Wakefield26 Jul 20261 min read

Energy

ConocoPhillips Closes $22.5B Acquisition of Marathon Oil

The all-stock deal consolidates two of the largest independent US shale operators, with ConocoPhillips guiding to $500M of annual synergies within a year of close.

Marcus Chen25 Jul 20261 min read

Fintech

Klarna Targets US Listing After Prior Attempt Was Shelved

The Swedish buy-now-pay-later company has refiled confidentially with the SEC, aiming for a valuation above its 2021 peak.

Marcus Chen25 Jul 20261 min read

Consumer

Panera Brands Weighs IPO as JAB Holding Explores Restaurant Portfolio Exits

The bakery-cafe chain's owner is evaluating a public listing alongside a potential sale, as JAB looks to monetise a decade-long restaurant investment cycle.

Sarah Reichmann24 Jul 20261 min read

Deals

Why the 2021 Vintage Is Key to Understanding Today's Exits

The buyout funds raised at the peak are now hunting liquidity. We unpack what that means for the next fundraise.

The Desk2 Jul 20261 min read

Deals

The Continuation-Fund Question Nobody Wants to Answer

Continuation vehicles solve a real liquidity problem and create a real conflict of interest. The industry cannot keep pretending both are not true.

The Board1 Jul 20261 min read

IPO

The IPO Window Cracks Open for Sponsor-Backed Names

After a long freeze, a handful of private-equity-owned companies test the public market again.

Vinka1 Jul 20261 min read

M&A

Cross-Border Volume Hits a Four-Year High

A weaker pricing environment at home is pushing buyers across borders in search of value and growth.

Marcus Chen1 Jul 20261 min read

Deals

Bayer-Style Litigation Risk Now Shadows the Buyout Market

A landmark settlement framework will help sponsors resolve thousands of claims tied to legacy portfolio liabilities, but it sets a costly precedent.

David Okonkwo30 Jun 20261 min read

M&A

Carve-Outs Are the Trade of the Year

Conglomerate discounts are wide, and the operationally minded buyer is winning the auctions for divested divisions.

Radahn29 Jun 20261 min read

Private Equity

The $20B Take-Private That Reset the Cycle

Sponsors are back at scale. As leverage normalizes, the edge moves from financial engineering to operating muscle, and the firms that built it are pulling away from the pack.

Stephen Kravis28 Jun 20265 min read

Banking

JPMorgan Shakes Up Dimon Succession Race With Two New Co-Heads

Two senior bankers were named to lay the groundwork to find candidates to succeed the long-serving chief executive.

Marcus Chen28 Jun 20262 min read

Opinion

The Continuation-Fund Question Nobody Wants to Answer

Continuation vehicles solve a real liquidity problem and create a real conflict of interest. The industry cannot keep pretending both are not true.

The Board28 Jun 20262 min read

Opinion

The Radicals Inside the Cap Table

A new breed of activist is not waiting for the public market. They are pushing for change from inside private cap tables, and management is not ready.

Marcus Chen28 Jun 20261 min read

Podcast

Why the 2021 Vintage Is Key to Understanding Today's Exits

The buyout funds raised at the peak are now hunting liquidity. We unpack what that means for the next fundraise, and for limited-partner patience.

The Desk28 Jun 20261 min read

Private Equity

KKR & Co.: Underwriting the Next Cycle

How one of the largest sponsors is repositioning its underwriting for a higher-rate, operations-led era.

Radahn28 Jun 20261 min read

Private Equity

The Lurid Lawsuit, Salami Scandal and Trash-Can Thief Vexing a Mega-Fund LP Desk

The industry landed in the news again after an employee was caught taking a branded trash can, a small theft that exposed a much larger governance question.

Linh Tran28 Jun 20262 min read

Private Credit

Direct Lenders Step Into the Bank Vacuum

As banks retrench from leveraged lending, more than a trillion dollars of private credit is rewriting the terms of the mid-market buyout.

Findil27 Jun 20262 min read

Private Credit

Apollo Raises Target on Some Private Credit Funds by $5B or More

The increases come a week after the firm said higher allocation demand from insurers and pensions made them unavoidable.

Findil27 Jun 20262 min read

Opinion

When Leverage Normalizes, Operating Muscle Wins

The cheap-money era let a generation of sponsors mistake leverage for skill. The bill for that confusion is now coming due.

Stephen Kravis27 Jun 20262 min read

Opinion

Has the Exit Window Kicked Off Yet?

A few marquee listings do not make a market. The real test of the reopening is whether the long tail of portfolio companies can find buyers.

Vinka27 Jun 20261 min read

M&A

Will Anyone Buy This Cheap Take-Private With No Sponsor and No Lender?

A small-cap company trades far below its private-market value, but the financing to take it private has gone missing.

Radahn27 Jun 20261 min read

Risk

Bayer-Style Litigation Risk Now Shadows the Buyout Market

A landmark settlement framework will help sponsors resolve thousands of claims tied to legacy portfolio liabilities, but it sets a costly precedent.

David Okonkwo26 Jun 20262 min read

Opinion

Covenant-Lite Is Now Covenant-Gone

Loan documents have been hollowed out for years. The next downturn will reveal what borrowers quietly negotiated away from lenders.

The Board26 Jun 20262 min read

M&A

Cross-Border Volume Hits a Four-Year High

A weaker pricing environment at home is pushing buyers across borders in search of value and growth.

Marcus Chen26 Jun 20261 min read