Bloomberg BlackRock Inc.’s private equity vehicle struck its first deal, backing a company that manages brands including Sports Illustrated, Marilyn Monroe and Juicy Couture. The firm’s Long-Term Private Capital fund became the largest shareholder of Authentic Brands Group, the company said. The fund and affiliated entities invested $875 million, said Andre Bourbonnais, head of Long-Term Private Capital. The deal values ...

Bloomberg Serbia will invest billions of euros in new homes, energy, transportation and digital infrastructure, President Aleksandar Vucic said on Sunday, as the government seeks to boost economic growth prospects. “We are in position to easily ensure at least 10 or even 12 billion euros ($13.4 billion) of funding for new investments,” the president said at a news conference in ...

Bloomberg The next Italian government needs to get “creative” to fix the country’s stalling economy, according to ADA Economics Ltd. Chief Economist Raffaella Tenconi. Italy’s economy has failed to grow in four out of the last five quarters. While economists predict it will expand again in the second half of the year, gross domestic product is forecast to increase just ...