Hints and tips:
...The group, which owns football clubs around the world, was valued at $4.8bn when Silver Lake bought its original 10 per cent stake. Silver Lake did not immediately respond to a request for comment....
...Silver Lake bought into City Football Group after Hollywood impresario Ari Emanuel — founder of Endeavor — introduced managing partner Egon Durban to CFG’s Khaldoon al-Mubarak....
...Vista used a similar manoeuvre in its $4.6bn sale of events planning software company Cvent to Blackstone in March....
...When Emanuel’s Endeavor Group first bought into UFC in 2016, the mixed martial arts series had an enterprise value, including debt, of $4.1bn....
...Morgan Stanley led a $1bn credit facility for Blackstone’s $4.6bn acquisition of Cvent, which is majority owned by Vista Equity Partners....
...Mr Durban settled on CFG and has valued the company at $4.8bn — by many measures, the most valuable sports group in the world — believing it had discovered a formula to “systemise” success on the pitch....
...It noted it could use some of the funds raised to pay off part of its $4.6bn of debts or to acquire other assets....
...When Ari Rubenstein heard that Michael Lewis was writing a book on his industry, he was overjoyed....
...The news comes just weeks before Frieze New York, which takes place on Randall’s Island, opens its fifth edition on May 4....
...By Ben Aris of bne With international equity markets in turmoil the timing of Luxoft’s IPO would seem to be poor....
...When the recession hit and Lyondell’s earnings dropped from $4.5bn in 2007 to $3bn in 2008, it became clear that it had more debt than it could support....
...But even without a high-calibre airport, Pittsburgh has come a long way from the days when Aris Candris, now chief executive of Westinghouse, was a schoolboy in Greece: “My geography book had a picture of...
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