private

The private equity firm that backed out of a deal to buy Victoria’s Secret in the midst of the coronavirus pandemic appears poised to win an auction to buy JCPenny out of bankruptcy, The Post has learned. Big Apple-based Sycamore Partners has offered $1.75 billion to buy the 118-year-old department store chain with plans to …

Cirque du Soleil has accepted an offer to sell itself to its lenders in a deal that would kick its current private equity owner, TPG Capital, out of the tent, The Post has learned. The bankrupt circus giant, known for dominating the box office in Las Vegas, OK’d the lenders’ offer on Wednesday night — …

A New York buyout baron has taken a leave of absence from his fund after an explosive lawsuit claimed last week that he threatened an ex-employee to keep quiet after she accused his son of raping her. Bill Dawson is taking time off from his $2.2 billion private equity firm Wellspring Capital Management, which will …

The son of a Wall Street tycoon allegedly violently raped and sodomized one of his dad’s employees — and the father turned against the victim when she spoke out, according to her claims in an explosive lawsuit. Taylor Lawrence, a former head of investor relations at $2 billion private equity fund Wellspring Capital Management, accused …

An activist investor declared that “Elizabeth Warren is right” as he left the helm of his giant hedge fund to focus on environmental and social-impact investing. Jeffrey Ubben — a corporate cage-rattler who has prodded for change at behemoths including Microsoft, BP and Nintendo — said he is leaving his $16 billion hedge fund, ValueAct …

Private equity firm Carlyle Group’s abrupt decision to pull out of a $450 million investment in American Express’ troubled travel agency business could help it save a foundering new investment strategy, The Post has learned. The $195 billion Washington, DC, firm last week said it would be bowing out of plans to buy a 20 …

Hedge fund and private equity firms are not eligible for the types of US government loans designed to provide relief to small businesses from the economic hardship of the coronavirus outbreak, the Small Business Administration said on Friday. “Hedge funds and private equity firms are primarily engaged in investment or speculation, and such businesses are …