Hints and tips:
...The more novel uptier transaction, used at Serta to the exclusion of Angelo Gordon and others including Apollo Global Management, has proven even more controversial than drop-downs....
...When they were founded, the likes of Kuvare, Canyon and Angelo Gordon did not occupy the most glamorous corners of Wall Street. Slow, steady and humdrum is having its day in the sun....
...Apparently, Apollo Global Management has other priorities....
...TPG, which went public in 2022, recently used its stock to help finance the $2.7bn purchase of credit manager Angelo Gordon....
...Adam D’Angelo, chief executive of question-and-answer platform Quora, will remain a board member....
...In November, TPG acquired credit investment group Angelo Gordon for $2.7bn, while KKR earlier this year took full ownership of insurer Global Atlantic, purchasing a remaining 37 per cent stake at a valuation...
...The acquisition of New York-based Angelo Gordon, one of the largest investors in private credit markets and a savvy distressed debt player, will be predominantly made in stock....
...A US judge has dealt a blow to Apollo Global Management, Angelo Gordon and other big creditors in the bankruptcy of mattress maker Serta Simmons Bedding, in a ruling that could settle a fierce dispute on...
...base management fees....
...But by early this year, KKR decided even with all the brain damage — its creditors include the likes of Angelo Gordon, Centerbridge, Pimco and Strategic Value Partners — it was time to hand over the keys...
...That question is prompted by the plan of buyout titan TPG to spend $2.7bn in cash and stock on the specialist credit and real estate manager Angelo Gordon....
...Days earlier, TPG struck a $2.7bn deal to buy privately held distressed debt giant Angelo Gordon, underscoring a wave of consolidation in private markets....
...Angelo Gordon and Apollo had challenged Serta Simmons and the majority lenders who led the refinancing....
...In the movie Wall Street, the corporate raider Gordon Gekko says: “Come on, tell me something I don’t know. It’s my birthday, pal, surprise me.”...
...Among the most interesting parts of TPG’s argument was that its own IPO and $2.7bn purchase of private credit investor Angelo Gordon made it uniquely qualified to see through a transition to a new profit...
...SCOTUS The Supreme Court will hear oral arguments in the 303 Creative LLC vs Elenis case....
...Other holders of the company’s loans, including Angelo Gordon and Apollo Global Management, were pushed further back in the queue to be repaid and the value of the loans they held crashed when Serta ultimately...
...“It’s not about inadequate regulation — including having the right people in management and boards with the right incentives — it’s about applying the oversight, governance and supervision controls within...
...Unsurprisingly, the stranded minority lenders, including titans such as Angelo Gordon and Apollo Global Management, sued....
...Here’s the rest of the day’s news — Gordon Five more stories in the news 1....
...He knew many tech industry pioneers, including HP’s founders Bill Hewlett and David Packard and Intel co-founder Gordon Moore....
...Clayton, Dubilier & Rice has hired Gordon Riske, chief executive of KION Group, as an operating adviser to CD&R Funds....
...Both David Cameron and Gordon Brown attended the PR mogul’s second wedding in 2007....
...BC Partners first entered talks with management and Vista a year ago. Gordon Wilson, chief executive of Advanced, will remain in his post as part of the transaction....
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