LONDON - Move over, private equity: There are some new buyers in town, and they know their targets better than anyone.
Companies have already announced US$26 billion of transactions to be taken private by a related party this year, up about 2,500 per cent from the same period in 2019, according to data compiled by Bloomberg. START-UP FACTORY Mr Son, the chairman of SoftBank Group, is revisiting the idea of a management buyout of the Japanese conglomerate, according to people with knowledge of the matter.
The company, backed by the billionaire Samwer brothers, said a stock-market listing is no longer the best way to raise money and it can rely on private funding for future expansion. HONG KONG TYCOONS The trend has also caught on in Asia, where some of the most well-known companies are going into private hands. Indian billionaire Anil Agarwal proposed in May to buy out minority shareholders of his flagship commodities firm Vedanta.
Source: News Formal (newsformal.com)
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