Private Equity

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Mexico’s Klar Catches Up On Race to Bank License With Bineo Buy

A unit of Mexican fintech Klar has entered an agreement to buy Grupo Financiero Banorte’s digital bank Bineo, a move that brings it closer to operating with a banking license.

By Maria Clara Cobo and Valentine Hilaire

Macquarie Buys Stake in Portugal Hospital Group for €310 Million

Macquarie Group Ltd. has agreed to buy a 40% stake in Portuguese hospital operator Luz Saude SA for €310 million ($361 million), marking the Australian group’s latest push into Europe’s growing private healthcare sector.

Lululemon Falls on Slashed Outlook as Sales Growth Slows

Lululemon Athletica Inc. slashed its outlook, disappointing investors for a third straight quarter as it struggles to meet high expectations and balance tariff expenses in a difficult consumer environment.

S&P 500 Hits All-Time High Before Key Jobs Report: Markets Wrap

Wall Street traders gearing up for Friday’s jobs report got a trio of data that reinforced the view of a cooling labor market, keeping bets on Federal Reserve rate cuts alive while driving stocks and bonds higher.

Apollo Settles Fight With Ex-Athene Executives Before Trial

Apollo Global Management Inc. resolved a lawsuit against two former executives of insurance unit Athene Holding Ltd. just days before the matter was set to go to trial.

California-to-Vegas Train Eyes Equity, Debt to Raise Cash

The Fortress Investment Group-backed company that’s building a high-speed passenger railroad between Southern California and Las Vegas plans to raise cash through borrowing and the sale of equity as construction costs increase.

BlackRock to Lead Private Credit Deal to Refinance Syndigo Debt

A group of private credit lenders led by BlackRock Inc. are set to provide financing for software platform Syndigo that will refinance its bank debt, according to people with knowledge of the matter.

Itau, Nubank Leaders Are Among Backers of US Tech Firm

Pointsville, a Pittsburgh-based company that helps businesses manage digital assets and loyalty programs, raised $10 million in capital to speed up growth in Central and South America. The deal valued Pointsville at $84 million.

Onex CEO Says He’s Been Approached to Sell Stake in Credit Unit

Onex Corp. has received inquiries from firms wanting to buy a stake in its credit division, its chief executive officer said, as he argued that the company’s share price doesn’t properly reflect how valuable that business is.

Figma Shares Tumble on Weak Sales Growth Outlook After IPO

Figma Inc. shares tumbled to their lowest price since the design software company’s first day of public trading July 31 after it gave an annual revenue outlook that failed to impress investors.