Ben Dummett

The buyout firm placed its second multibillion-dollar bet in Europe in as many days, in a sign that private-equity deal making in the region is picking up.

Jeff Zucker’s attempt to be the U.K.’s next media mogul just hit a roadblock. The former CNN president heads RedBird IMI, an investment group that is

Bank executives have signalled that they will keep a close grip on costs amid challenged revenue, but is the end in sight?

Under pressure from all sides, buyout firms stayed quiet in 2023 Private-equity firms usually drive dealmaking on Wall Street . In 2023, they sat it out.

La Francaise des Jeux has agreed to acquire Kindred Group for close to $2.7 billion, in a deal that would create one of Europe’s biggest online gambling companies. The deal follows calls for the possible sale of Kindred, which is listed in Stockholm, by Corvex Management, a New York activist investor headed by Keith Meister. The Wall Street Journal previously reported the deal was close.

Capital One’s [$35 billion bet](https://www.wsj/finance/capital-one-is-buying-discover-financial-sources-say-a7c43dd2) on Discover Financial Services stands to create a credit-card behemoth. Capital One’s stock has returned almost 15% in that time, while Discover is up more than 17%. Capital One is making its move on Discover to take advantage of a boom in the credit-card sector, in a bid to drive the combined company’s profits and stock price higher.

Swiss skincare retailer Galderma Group plans to raise about $2.3 billion in what would be this year's largest initial public offering so far, and another key test of public investors' appetite for private equity-backed companies. Galderma, which is backed by European buyout firm EQT among other investors, launched the IPO Wednesday and aims to list on the SIX Swiss Exchange. It didn’t disclose the expected timing of the listing, but institutional investors said they anticipate it happening by the end of the month.

The buyout giant is making a second attempt to go public in less than six months By Ben Dummett, The Wall Street Journal