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sports
WTA receives $150-million private equity investment
FILE - A tennis player casts a shadow on the clay court of the French Open tennis tournament at the Roland Garros stadium in Paris, Sunday, June 2, 2019. The women’s professional tennis tour has launched a commercial enterprise with CVC Capital Partners to increase revenues for the sport. The global investment manager is contributing $150 million for a 20% stake in what will be known as WTA Ventures LLC. WTA Chairman and CEO Steve Simon said the goal is to grow the profile, value and prize money of women’s professional tennis. (AP Photo/Christophe Ena, File)
soccer
The Manchester United sale rumours are false. For now.
Soccer Football - Premier League - Manchester United v Chelsea - Old Trafford, Manchester, Britain - April 28, 2022 The teams walk out as Manchester United fans display banners in protest of the Glazer family’s ownership of the club inside the stadium before the match REUTERS/Phil Noble
opinion
In volatile markets, companies tap a PIPE to cash
Andrew Willis
report on business
OMERS pushes back on employee lawsuit over compensation
A courtroom at the Edmonton Law Courts building, in Edmonton on Friday, June 28, 2019. The effect of the coronavirus pandemic will have a lasting impact on the Canadian justice system warn a number of legal experts. The Alberta Court of Queen's Bench announced Sunday it would adjourn all scheduled trials across the province for at least 10-weeks limiting hearings to only emergency or urgent matters. THE CANADIAN PRESS/Jason Franson
report on business
Chuck Rifici’s Bruinen Investments in talks to buy MindGeek assets, including Pornhub, sources say
The offices of MindGeek seen in Montreal, December 9, 2020. (Christinne Muschi /The Globe and Mail)
report on business
Catalyst offered up to $11-million to Israeli firm that launched sting on Ontario judge
This Tuesday, March 5, 2019 photo shows an entrance to the skyscraper that houses the London office of Israeli private investigation firm Black Cube. The company drew international criticism for its work protecting the reputation of disgraced Hollywood mogul Harvey Weinstein. (AP Photo/Raphael Satter)
opinion
Why private alternatives are the future of asset allocation
Travis Forman
report on business
A truck nearly killed him, but venture capitalist John Ruffolo has kept moving forward
John Ruffolo photographed on Bay Street in Toronto near the offices for his new private-equity firm Maverix. The former OMERS Ventures head lost the use of his legs after being hit by a tractor-trailer last September while cycling. Six months later he is launching the new firm. March 12, 2021 (Melissa Tait / The Globe and Mail)
report on business
Artis REIT’s radical plan to turn itself around: Morph into a private equity firm
Samir Manji, founder and chief executive officer of Sandpiper Group - a real estate private equity firm - poses for a photograph in Vancouver, on Wednesday December 19, 2018. Darryl Dyck/The Globe and Mail
report on business
Private equity funds sell old economy holdings as market rebounds
Rolls of coiled coated steel are shown at Stelco in Hamilton, Ont., on June 29, 2018. Stelco Holdings Inc. says its net loss almost doubled to $47 million in the fourth quarter as revenues dropped due to a blast furnace upgrade. THE CANADIAN PRESS/Peter Power
report on business
Onex profit rises 3 per cent despite pandemic headwinds
Onex Corporation Chairman of the Board, President and Chief Executive Officer Gerald Schwartz speaks at the company's annual general meeting in Toronto on Thursday, May 10, 2012. THE CANADIAN PRESS/Nathan Denette
report on business
Quebec’s Novacap closes its biggest ever private equity fund on heels of $2-billion Nuvei gain
Toronto, Ontario - November 5, 2020 -- TMX -- People walk in front of a giant electronic sign with the Nuvei logo at the Toronto Stock Exchange in Toronto, Thursday, November 5, 2020. (Mark Blinch/Globe and Mail)
advisor stocks
Why advisors need to consider micro-cap stocks for investors’ portfolios
Stock Market Tickers - Digital Data Collection: iStockphoto Item number: 119121380 Title: Stock Market Tickers - Digital Data License type: Royalty-free Max file size (JPEG): 6.7 x 5 in (2,000 x 1,500 px) / 300 dpi Release info: Model and property released Keywords: Business, Color Image, Corporate Business, Data, Digital Display, Digitally Generated Image, Exchange Rate, Finance, Financial Figures, Financial Occupation, Horizontal, Investment, Number, Photography, Savings, Stock Market, Stock Market Data, Trading, Trading Board, Wealth
report on business
Area One Farms invests alongside farmers to help them expand, build sustainable operations
Joelle Faulkner, CEO of Area One Farms, poses for a portrait in her office in Toronto on January 20, 2021.
report on business
Canadian funds buy U.K. fertility clinic amid flurry of health care deals
FILE--A multi-celled human embryo is seen in this picture made 2.5 days after leaving the womb, and now is stored cryogenically at the Bourn Hall Fertility Clinic, Cambridgeshire, England Wednesday, July 31, 1996. Under British law frozen embryos can only be stored for up to five years, so this embryo along with some 3,300 others are scheduled to be destroyed Aug.1, unless their donor couples seek an extension. The prospect has stirred ethical controversy both in Britain and abroad. (AP Photo/Bourn Hall Fertility Clinic, Findlay Kember)
asia-pacific business
Primavera chairman believes Ant Group founder Jack Ma is ‘safe and sound’
FILE PHOTO: Alibaba Group co-founder and executive chairman Jack Ma attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China, September 17, 2018. Picture taken September 17, 2018. REUTERS/Aly Song
report on business
Power Corp. arm Sagard launches private-equity unit
Paul Desmarais III, businessman and Chairman of Wealthsimple, poses for a portrait at the Wealthsimple office, in Toronto, on Tuesday, January 7, 2020. (Christopher Katsarov/The Globe and Mail)
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Cirque du Soleil hit with bruising debt rating, hurting outlook after COVID-19 collapse
Mathieu Guerin, director sites operation at Cirque de Soleil checks the lines on the tent at the Old Port in Montreal, Quebec, May 13, 2020. (Christinne Muschi /The Globe and Mail)
report on business
Group of co-op members raises funds to fight MEC’s sale
People walk past the flagship MEC (Mountain Equipment Co-op) store in Vancouver, on Monday, September 14, 2020. Darryl Dyck/The Globe and Mail
report on business
Vancouver fund invests in surgery clinics amid strong interest in health sector
Ukraine's presidential candidate, who led the first round of presidential polls, Volodymyr Zelensky (R) undergoes a blood test in a private clinic in Kiev on April 5, 2019 to prove he does not abuse alcohol and drugs ahead of a second-round runoff on April 21. (Photo by STRINGER / AFP)STRINGER/AFP/Getty Images
report on business
Pandemic boosts premium for private-equity firm’s sale of vet clinic chain to Berkshire Partners
COBOURG, ONT -- ACUPUNCTURE FOR DOGS -- Nov.21.97 Tumbly, a miniature long-haired Dachshund is all beady eyes as acupuncture needles are inserted by Dr. Patricia Stapley Chase at the Pine Ridge Vet Clinic in Cobourg, Ontario. photo by Fred Lum
report on business
Bank-backed business growth fund accelerates financing deals during pandemic
JUNE 25, 2020 - PRODIGY GAMES - Rohan Mahimker, the CEO of Prodigy Games poses in his Oakville office’s employee classroom on June 25, 2020. The office remains closed during the Covid lock-down. Prodigy Games is in the business of educational multi-player math based computer games that students can use both at home and in the classroom. Prodigy is hoping to utilize some of the funds available through, The Canadian Business Growth Fund, a $540m fund backed by the big banks to invest in Canadian scale-up companies. Mahimker speaks to The Globe about his business and how the fund is needed since the start of COVID. Glenn Lowson photo/The Globe and Mail
report on business
Private equity’s big moment: With trillions of dollars on hand, firms are ready to feast on pandemic spoils
streetwise newsletter
Streetwise newsletter: Best reads of the week
MONTREAL, Que. (19/06/2020) – Lloyd Segal, CEO of biotech Montreal biotech firm Repare Therapeutics, and Clarissa Desjardins, former CEO of Clementia Pharmaceuticals Inc. and Segal's wife, sit for a portrait in his Westmount home in Montreal, Que. on June 19, 2020. Repare started trading on the Nasdaq stock exchange as its initial public offering increased. As its valuation increases, Repare may join the ranks of Clementia to be valued at US$1-billion. Clementia attained that goal and was sold to foreign buyers last year. (Andrej Ivanov/The Globe and Mail)
report on business
Venture capital funding set to drop sharply for rest of 2020, industry association says
The futures market suggested U.S. stock markets would open higher today, a day after North American stock markets posted gains. Bay Street in Canada's financial district is shown in Toronto on Wednesday, March 18, 2020. THE CANADIAN PRESS/Nathan Denette
report on business
Dream Unlimited to launch private equity arm to invest in commercial property
Toronto, Canada - August 26, 2014: Financial District at Bay Street, Toronto. Bank towers overlook the traffic at Wellington and Bay Streets. Summer morning in Canada's largest city.
u.s. business
Blackstone’s first-quarter profit rises but coronavirus weighs
Blackstone Group reported first-quarter earnings Thursday.