Hints and tips:
...Reuters reported — and DD has confirmed — that Devon has approached Enerplus, which has a market value of $3bn....
...provide another important benefit: some of CVC’s co-founders will be able to sell their stakes, generating large paydays on top of those they’ve already received from decades of successful dealmaking, DD...
...Letter in response to this article: Soho House’s failure to turn a profit works for me / From Anton Krylov, Leigh-on-Sea, Essex, UK...
...After speaking to more than a dozen current and former staff, advisers, investors and rivals, many of whom asked not to be named, DD’s Kaye Wiggins and Will Louch have the saga of CVC’s tumultuous path to...
...Its investors lent about £130mn to the utility’s holding company Kemble Water Finance Ltd in 2018 and 2020....
...That strategy paid off in spades on Thursday when Arm reported better than forecast quarterly earnings that sent its stock soaring nearly 50 per cent, generating more than $30bn in gains for SoftBank, by DD...
...DD subscribers get a special discount....
...Now try this A trip down memory lane (music lessons) led me to the Barbican Centre, near the FT’s London offices, for Anton Bruckner’s Ninth Symphony, last week....
...Co-president Anton Levy will continue leading investments in “large-scale technology-focused deals globally”, GA said....
...Goldman Sachs co-head of Latin America Ricardo Mora is leaving the bank, DD reports....
...CVC’s revival of plans for a multibillion-euro stock market listing — which could come before the end of the year, people familiar with the matter told DD — would be the culmination of years of closed-door...
...Unless conditions deteriorate further, the firm is preparing to announce its intention to float in Amsterdam as soon as next week, DD’s Kaye Wiggins and Will Louch report....
...As a result, the transaction is likely to head to a full probe later this year, several people familiar with the EU’s thinking told DD....
...As the largest players reduce their fund sizes, a number of private firms that raised large sums of capital quickly are back on the fundraising trail, sources tell DD....
...Most DD readers are probably familiar with Hindenburg....
...The FTX affiliate in question “didn’t do a ton of dd [due diligence]”, said one person, according to the filings. “I get a sense that they are [cowboy emoji] over there[.]”...
...One top investor summed it up nicely to DD: “We were seduced.”...
...BlackRock has named former Starbucks executive John Kelly to the new role of global head of corporate affairs, according to a memo seen by DD. He was in a senior communications role at Roku....
...Bankers tell DD that they don’t necessarily need the Fed to cut rates before they open their purse strings....
...Now, that shift is going into reverse just as relations between the US and China hit a low ebb, DD’s Kaye Wiggins and the FT’s Cheng Leng and Tom Hale report....
...DD has learned some detail about the relationship between the two....
...Here’s what we at DD (and a lot of other people) are thinking about. FTX did not grow into a $32bn company by magic....
...And here’s a smart watch: DD’s Ortenca Aliaj chronicles the spectacular rise and fall of special purpose acquisition companies....
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