The private equity owners of Foundation Consumer Healthcare are exploring a potential sale of the company behind popular morning-after pill Plan B One-Step, according to people familiar with the matter. Foundation’s backers, which include Kelso & Co. and Juggernaut Capital Partners, are working with financial advisers, said the people, who asked not to be identified discussing confidential information. The company may seek more than $4 billion for the business, some of the people said. The...

Pagaya Technologies Ltd. is exploring an acquisition of Sunlight Financial Holdings Inc., which helps homeowners finance rooftop solar panels, people with knowledge of the matter said. The Tel Aviv-based financial technology company has expressed interest in Sunlight, according to the people, who asked not to be identified discussing confidential information. Shares of Sunlight soared as much as 122%. They were up 81% to 59 cents each at 1:33 p.m. in New York trading Thursday, giving the...

Barclays Plc health-care banking vice chairman Darren Campili has left to lead Wells Fargo & Co.’s efforts in the sector, according to people familiar with the matter. Campili, who will be based in New York, will be head of health-care banking and report to Scott Warrender, Wells Fargo’s head of coverage, said the people, who asked not to be identified discussing private details. John Fowler, who has been the San Francisco-based bank’s head of health care since 2020, will serve as vice chair...

Citigroup Inc. is hiring Cyril Besseddik from JPMorgan Chase & Co. to lead coverage of health-care companies in Europe, the Middle East and Africa for its investment bank. Besseddik is set to join Citigroup’s banking, capital markets advisory group in May and will be based in London, according to an internal memo seen by Bloomberg News. He was most recently co-head of EMEA health-care investment banking at JPMorgan. The banker was with JPMorgan for more than seven years and previously did...

In April the Paycheck Protection Program was under fire for moving too slowly and leaving too many people out. Part of the $2 trillion Cares Act, it was set up to offer forgivable loans to small businesses such as restaurants and hair salons that would help keep them afloat through the Covid-19 lockdowns in the U.S. Banks were initially in charge of administering the government-backed payments. In an effort to distribute the desperately needed money faster, web-based companies were later...