Hints and tips:
...AMP Capital’s Michael Hamilton has joined as a partner. Alvarez & Marsal has named Chevron veteran Jay Johnson as senior adviser to its energy practice....
...Englander had also grown uncomfortable with the idea of one person replacing him, according to people familiar with the situation....
...The company has been in play since March, when US private equity group Sycamore Capital Partners acknowledged it was considering making an offer....
...SVP manages both a more opportunistic hedge fund, and private equity-like “special situations” funds, which seek to take control of struggling but fundamentally healthy companies through debt-for-equity...
...situations funds....
...Several UK start-ups have opted to list in the US through deals with special purpose acquisition companies....
...Cowen has hired Kenneth Garnett as a managing director in its special situations group in New York. He joins from Conway MacKenzie where he worked as a managing director in private fund services....
...situations or distressed assets, or another bank....
...The special factors will not apply going forward. The UK will be around the average....
...The situation is likely to reshape the entire investment landscape for state-owned dollar debt....
...Energy companies, a favourite among so-called special situations funds, have done little to boost returns....
...James Ruane, Deutsche Bank’s top internal dealmaker, who has overseen the bank’s own internal M&A activity, is leaving to join hedge fund Bayview International as head of European special situations....
...Black insists Apollo and Athene have a “special and symbiotic relationship”....
...The strategy beyond the immediate crisis appears unclear at this point, however, as does the path to higher cash flow or shareholder returns, and the broader capital allocation framework as the situation...
...For Poidomani, the GP in Cividate al Piano, the symptoms he had started noticing in December now made worrying sense....
...The founder of Oaktree Capital Management, which focuses on distressed situations in economic downturns, told the FT that the prospects of a future British prime minister willing to crash out of the EU with...
...“In this context, the appeal of higher-risk strategies like distressed debt and special situations is growing . . ....
...• JPMorgan Asset Management has appointed Jon Bylin head of client strategy for the global special situations platform that was created last year as part of its $125bn alternative investments arm....
...Unaddressed this is the recipe for significant capital market dislocation....
...Related Links:Porsche LLC?...
...Gary Styles, director, GPS Economics 2018 has been an extraordinary year....
...Jean-Marc Jabre, former head of Morgan Stanley’s private equity arm in Europe, has launched a new fund called Capital D GP, according to Financial News....
...This implies that there have been no improvements in how technology is being used or in how labour and physical capital are being allocated....
...The investors (limited partners or LPs) twigged that many fund managers (general partners or GPs) hadn’t been increasing the size of their own stakes along with the general growth in fund size....
...“It is a niche space, very specialised,” says Jamie Weinstein, co-head of KKR’s special situations fund. “The supply demand dynamics are very different. We could buy these ships below fair value....
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