Private equity fundraising platform targets individual investors

iCapital Network, an online private equity fundraising platform backed by a consortium that includes Credit Suisse Group AG and Blackstone Group LP, officially launched on Wednesday, seeking to tap demand among individual investors, according to sister news service Reuters.

Events organizer UBM buys US rival Advanstar – Reuters

Communications and events company UBM said it would acquire Advanstar Communications, a privately-held trade show organizer, for $972 million, writes Reuters. Advanstar is controlled by hedge fund Anchorage Capital Group and private equity firms Ares Management and Veronis Suhler Stevenson.

Vivint Solar prices IPO – Reuters

Residential solar panel installer Vivint Solar priced its initial public offering at $16 per share, valuing the Blackstone-backed company at $1.68 billion, writes Reuters. Vivint Solar is offering all the 20.6 million shares, which were priced at the low end of the expected range, raising $329.6 million.


Lenders cowed by Fed rebuke on US leveraged loans: IFR

The Federal Reserve’s rebuke to Credit Suisse for failing to adhere to US leveraged lending guidelines is having an industry-wide effect as banks bow to regulatory pressures and start pulling back from underwriting highly leveraged loans, according to sister magazine Reuters IFR.


Vista Equity to buy Tibco Software for $4.3 billion

Business software maker Tibco Software Inc on Sept. 29 said private equity firm Vista Equity Partners would take it private for $4.3 billion in the largest technology buyout this year, according to sister news service Reuters.

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