First Read starts the day with news that CD&R has teamed up with PPG to bid on Axalta, WeWork is expected to postpone its IPO, and the New York Fed spent $53 billion to rescue the overnight lending market.
Blackstone's Schwarzman gives advice to emerging managers; Providence seeks $3 bln for EdgeConneX; Oak Hill wins Mercer
First Read begins the day with news that Netflix snags "Seinfeld," nearly 50,000 UAW workers go on strike against General Motors, and WeWork's parent is expected to postpone its IPO.
Accel-KKR close $1.8B deal for more time to manage 2008 fund; Linden, Audax invest in Frazier's HOPCo; Banks losing $280M in payments revenue
First Read begins the week with news that SoftBank plans on buying $750 million of shares in WeWork's impending IPO, Felicity Huffman was sentenced to two weeks in prison, $30,000 fine for her role in the college admissions scandal, and Purdue Pharma, the maker of OxyContin, has filed for Chapter 11 bankruptcy.
First-time fund reaches beyond hard cap, CalPERS drama
First Read closes out the week with news that Goldman Sachs has hired an ex-Amazon executive for a top tech role, Old Navy plans on opening 800 new stores and FBI probes Peter Thiel co-founded Mithril Capital.
Investors are still howling for vet care
Och-Ziff Capital Management Group Inc said Sept. 12 that it changed its name to Sculptor Capital Management Inc. Och-Ziff’s stock began trading under the ticker “SCU” on the NYSE.
Long-time managing director David Mansell to leave Onex Partners; Vista Equity stands to double its money with Ping IPO; Omega's Cooperman says private equity is a scam