Hints and tips:
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Such sweeteners include so-called co-investments, which often allow investors to participate in deals without having to pay management fees....
...Job moves Private equity firm Clayton, Dubilier & Rice has hired former Tesco boss Sir Dave Lewis as an operating adviser....
...It limits credit risk and is available on the exchange.”...
...Morrisons is regarded by credit analysts as a higher-risk borrower than Asda because it will be operating with more debt relative to its profits....
...By contrast Reliance is India’s largest listed company by market capitalisation and has a better credit rating than the republic of India....
...For Ressler, it was one of his last deals before leaving Apollo and creating Ares Management, the investment giant with more than $300bn in assets that has made him a billionaire....
...However, £1.3bn of that figure will be provided by credit funds run by Goldman Sachs and Ares Management in the form of “preference shares”, an instrument considered halfway between debt and equity, documents...
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...The Canadian pension fund CPPIB would provide financing through its credit arm but would not own a stake....
...Job moves Credit Suisse has appointed Rafael Lorenzo as its chief compliance officer....
...The deal comes two weeks after the Bradford-based group said it had rejected an unsolicited 230p-a-share approach from the private equity group Clayton, Dubilier & Rice....
...(FT) Coronavirus digest Russia will supply 300m doses of its Sputnik V vaccine to the African Union....
...Former Securities and Exchange Commission chair Jay Clayton will become non-executive chairman, a role that Apollo had previously indicated that Black intended to keep....
...Credit markets also tallied losses, with a closely followed fund that buys junk bonds, known by its ticker HYG, declining 0.7 per cent....
...But one powerful legacy was the vast pile of debt, and long after the private equity firms had gone, Hertz’s management team kept adding to it....
...On the last Sunday of April 2019, a sleek Gulfstream V jet belonging to Occidental Petroleum touched down at Omaha airport....
...Xerox wants to give HP’s board its walking papers We’re all guilty of overusing the David v Goliath trope but in the case of Xerox and HP, it really does apply....
...WPP will also reduce is planned capex from £400m to v£300m....
...Lyft and its bankers, JPMorgan Chase and Credit Suisse, declined to comment. The company revealed plans to create a new class of shares carrying 20 votes each in regulatory filings this month....
...Private equity firm Clayton, Dubilier & Rice has hired Sandi Peterson, the former worldwide chair of Johnson & Johnson, as an operating partner....
...The four new hires were announced by Nat Zilkha, the KKR head of alternative credit who will serve as Gibson’s chairman....
...Naturally, Icahn complained about the gap between DVMT and VMware but still took credit anyway for the improved terms....
...The credit reporting agency discovered on July 29 that its networks had been penetrated, but did not alert the public until September 7....
...Aliya Ram is an FT reporter covering asset management and technology...
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