Author: Charlotte

Send your company’s latest business news to D CEO associate editor Layten Praytor at [email protected]   Private equity firm Citation Capital has announced the close of its inaugural fund, Citation Capital I. The fund was oversubscribed, reaching a hard cap of $1.1 billion in third-party limited partner commitments, with additional commitments from the general partner and affiliates, bringing the fund’s investable capital to $1.2 billion. With co-invest capital, Citation manages $2.1 billion in assets under management.“This Fund brings together a world-class set of limited partners, and we are grateful for their support,” said Tiffany Hagge, founder and managing partner. “Citation was founded on the belief that…

Lancashire-based Buoyant Upholstery has joined forces with Ashwood Designs Group following its sale by NVM Private Equity. Founded in 1909, Buoyant Upholstery is one of the UK’s leading independent upholstered furniture manufacturers. The company employs more than 550 people at its site in Nelson, Lancashire and produces the vast majority of its products in the UK. Joel Rosenblatt, chair of Buoyant Upholstery, said: “NVM has been a highly supportive partner throughout our investment, helping us to invest in the business and continue building on Buoyant’s proud manufacturing heritage. “I want to thank the NVM team for their guidance and practical…

It’s obvious to identify center as a prime position of need for the Los Angeles Lakers during the 2026 NBA offseason.It’s a lot less obvious identifying the right candidate to fill that void.But maybe it shouldn’t be. While Yves Missi may not be the first name that comes to mind among Lakers faithful, he is someone the team has “reached out to” the New Orleans Pelicans in order to discuss, per SNY’s Ian Begley.Missi’s rim-running skill set also happens to snugly fit the very archetype that suits franchise centerpiece Luka Dončić so incredibly well.Missi is a spring-loaded athlete who crushes…

China has reportedly increased its gold reserves significantly in recent months, with the actual figures potentially much higher than official reports suggest. In May and June 2026, China declared increases of 9.95 tonnes and 14.93 tonnes respectively, marking the 20th consecutive month of accumulation. Analysts speculate that actual purchases could surpass these figures by a significant margin, potentially indicating a strategic move by China to bolster its gold holdings amidst declining gold prices. The ongoing accumulation by China comes at a time when gold prices have seen a 16% decline in the second quarter of 2026. Despite this, the People’s…

There is $1.6 trillion in Bitcoin sitting idle, earning nothing, doing nothing. Charles Hoskinson has a plan to put it to work on Cardano, and the plan quietly requires every transaction to burn a little ADA. Whether that saves Cardano or exposes its central problem is the whole question. Summary Cardano founder Charles Hoskinson has laid out a strategy to bring Bitcoin into Cardano’s DeFi ecosystem through a platform called Pogun, targeting the roughly $1.6 trillion in idle Bitcoin. Pogun rolls out in three phases across 2026: a non-margin credit market in the second quarter, a yield application in the…

Lenskart and Meesho among 5 midcap stocks bought by mutual funds in June The Economic Times Source link

In December 2024, Alice Teller warned that private equity in the United Kingdom was encroaching on veterinary services, raising prices and bullying workers, closing up shops whenever anyone had the utter temerity to ask for something as absurd as decent working conditions and a fair wage. And as the private equity push accelerated, pushing out smaller operations and independent outfits, what was a worker or consumer to do? Where could one go?Private Equity Vet keeps a running list and map of corporate- or private-equity-owned vets around the world. By the latest count, there are over 12,000 such outfits in the…

The past year should have been XRP’s (CRYPTO:XRP) big one. Ripple settled the five-year SEC lawsuit that had hung over the token since 2020, won conditional approval for a national trust bank charter, and grew its RLUSD stablecoin past $1.6 billion. Every box XRP holders waited years for has now been ticked. Yet XRP trades at $1.09 today, almost exactly a year after it peaked at $3.65, a fall of about 70%. Ripple’s wins kept coming and the XRP price kept sliding. So why is XRP not going up, even as the network racks up win after win? How XRP…

The real estate sector, once considered one of the strongest drivers of Bangladesh’s economic growth, is currently facing unprecedented losses due to a combination of economic challenges, declining consumer confidence, rising construction costs, and reduced investment. Industry experts warn that if the present situation continues, it could have long-term consequences for employment, urban development, and the country’s overall economy.For more than two decades, Bangladesh’s real estate industry experienced remarkable expansion, driven by rapid urbanization, population growth, and increasing demand for residential and commercial properties. The sector contributed significantly to the national economy by creating millions of jobs and supporting over…