Hints and tips:
...According to a letter to clients seen by the Financial Times, the $180bn investment shop co-founded by US Senator Mitt Romney has promoted David Gross to lead the business alongside John Connaughton....
...In 2021 the firm also struck a partnership with BMG, which had been set to buy $1bn of songs, but that arrangement had only resulted in “a handful” of deals — including ZZ Top and John Legend — this person...
...It will include appearances by Queen Latifah, Lizzo, Ben Platt, Cynthia Erivo and Lea Michele....
...“What you are nervous about is that someone will buy the company and make the capital structure substantially [more leveraged]” as a target company’s debt shifts on to the acquirer’s books, said John Yovanovic...
...According to a letter to clients seen by the Financial Times, the $180bn investment shop co-founded by US senator Mitt Romney has promoted David Gross to lead the business alongside John Connaughton....
...Bill Perkins, who chalked up $1bn of trading profits at John Arnold’s hedge fund Centaurus Energy Advisors before launching Skylar Capital in Houston a decade ago, has recruited a team who worked together...
...Judge John Sherwood on Monday approved a deal that will provide WeWork with a $650mn term loan to help it keep in place existing letters of credit the company had provided to its landlords....
...The pair were on the teams responsible for two $10bn-plus fundraisings that closed in 2008, DD’s Eric Platt reports....
...It is that gulf that made the duo the John Lennon and Paul McCartney of the investment world....
...Its $1bn partnership with BMG has only struck “a handful” of deals, this person said, including for songs by ZZ Top and John Legend....
...The four executives are Matt Nord and David Sambur, two senior partners who lead Apollo’s private equity business, as well as John Zito, deputy chief investment officer of credit, and Grant Kvalheim, president...
...“The story [for Altice] has always been we’ll lever up to do a deal and then we will use the cash flows from our operational improvement to pay down debt,” said John McClain, a portfolio manager with Brandywine...
...“It’s on the sponsor to defend their portfolio,” said John Kline, managing director of New Mountain Capital....
...Former Federal Trade Commission chair Deborah Platt Majoras joined Brunswick’s board last year. Brunswick did not disclose how much Timms would be paid....
...“The brunt of rising rates is starting to be felt now,” said John McClain, a portfolio manager with Brandywine....
...Before the global financial crisis, “the bond market was the favoured instrument for private equity leveraged buyouts”, said John McClain, a portfolio manager at Brandywine....
...Additional reporting by Eric Platt in New York...
...Its $1bn partnership with BMG had only struck “a handful” of deals, this person said, including for songs by ZZ Top and John Legend....
...The trade at hand: a sale of the healthcare technology company Cotiviti for up to $11bn, people involved in the matter told DD’s Eric Platt and Antoine Gara....
...Don’t miss this excellent obituary by my colleague Eric Platt of the man whom Buffett referred to as his “abominable no-man”....
...AWM could contribute $4bn to $5bn in pre-tax earnings by then, president John Waldron told the Financial Times....
...Money market funds have not been popular for long, but managers are wondering if their pre-eminence is set to continue, said John Croke, head of active fixed income products at Vanguard....
...John McClain, a high-yield portfolio manager at Brandywine Global Investment Management, said the bond showed Carnival was “getting creative” with collateral to avoid paying “eye-watering” interest rates...
...Harriet Agnew, Laurence Fletcher, Ortenca Aliaj and Eric Platt...
...“It really will be a signal of [how] the market values . . . risk,” said John McClain, a portfolio manager at Brandywine Global. “Investors are a little bit gun-shy....
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