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...More than half of single-B minus rated US companies would not be generating enough cash to cover their capital expenditure while servicing their debt by year-end, analysts at Moody’s project....
...Gates’s biggest UK investments, for example, have been in retailer Carpetright, jet servicing group Signature Aviation and Bunzl, a distributor of disposable cutlery....
...Its employees who want it to be on the forefront of climate change and its business, which is addicted to servicing oil and mining companies....
...The company has profited by signing customers up to contracts for servicing their alarms once installed, creating a source of recurring revenue that is highly attractive to private equity investors....
...Instead, its customers used platforms from tech groups to digitise this process, with Taulia’s systems servicing key Greensill clients such as pharmaceutical group AstraZeneca....
...The cost of servicing £350m of new debt, raised in October with a record 9.5 per cent coupon, means Metro is not expected to return to profit until 2021....
...Private equity groups are sitting on record-sized funds that they have to invest — so, the buyout theory goes, why not pay up for a business with steady, reliable servicing revenues that make it relatively...
...The cost of servicing subscription lines can run into millions of pounds, which can reduce final returns for investors....
...The three buyers that leveraged it are now expected to have their equity stakes wiped out in the restructuring....
...In Spain and other countries with high levels of non-performing loans, private equity firms have bought servicing platforms, providing them with data and insights into the lending process....
...● M&G has hired Grant Hadland as institutional equity and multi-asset business development director....
...Henry Hancock is the founder and head of research at Precision Macro LLC...
...They have a 100 per cent equity interest in the “Princeton Alternative Income Offshore Fund”, which was worth about $56m at the end of June this year....
...Kennedy School at Harvard University and managing principal of Broadmoor Consulting LLC. Lending Club’s Q3 2016 earnings call was a strange affair....
...• Citadel, the $24bn US hedge fund manager, has hired Richard Schimel to lead a new equities trading unit....
...“We continue to look for more interest rate cuts over the coming quarters — mainly to ease the debt servicing burden of Chinese companies....
...Wells Fargo bought Wachovia. And Mr Gorman’s investment bank bought Smith Barney from Citi, giving him 16,400 brokers fanned out across the country....
...Markets: Thursday’s robust session on Wall Street has lifted Japanese equities as well as emerging Asian and Hong Kong stocks....
...Bankia, Spain’s largest nationalised lender, this month sold its real estate management arm to Cerberus, while Caixabank is in talks to offload a stake in its property servicing division to Texas Pacific...
...To the contrary, the result was an implicit guarantee to SOEs that they would not go bankrupt, which in turn supported the general disregard for debt-equity ratios and any calculation related to servicing...
...Gol, Brazil’s struggling airline, has announced an initial public offering of its air miles unit that will be sponsored by private equity group General Atlantic in an attempt to prop up its finances....
...Regulators have said that MSRs are not as loss absorbent as traditional types of capital, such as equity....
...The company has previously bought mortgage servicing businesses from WL Ross & Co, the private equity group, as well as Goldman Sachs and Morgan Stanley, the investment banks....
...Ocwen Financial has agreed to pay $750m for a mortgage business owned by WL Ross & Co, the private equity group....
...That balance sheet was itself fast becoming in danger of being added to the US government’s: Pandit barely had time to make a failed bid for Wachovia and to impose cost cuts at the bank before Citi’s $326bn...
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