Hints and tips:
...But as the fund lost value last year, Blackstone’s liability to UC has grown to $560mn....
...“We would acknowledge that this is not going to be some sort of a V-shaped recovery. There are going to be plenty of troubled deals in the market,” added Gray....
...The decision comes months after Carlyle recorded a $1.2bn investment loss and said it was withdrawing all earlier financial guidance, citing the fallout from the coronavirus pandemic....
...In the wake of the Lehman crisis, struggling companies such as Renesas turned to an all-Japan consortium for financial rescue rather than be taken over by a foreign private equity fund....
...From a financial perspective, United’s sporting travails in recent years are baffling....
...This from the UK’s Financial Conduct Authority, which has fined Stephany £32,200 for conduct that risked undermining the proper pricing process for an IPO action: “Stephany contacted external fund managers...
...The group behind the Les Paul, Flying V and Epiphone brands filed for Chapter 11 bankruptcy protection in May, overwhelmed by the debt it took on to fund an ill-fated diversification into headphones and...
...Eh voila, here comes Blackstone’s largest leveraged buyout since the financial crisis....
...“We have entered into [memorandums of understanding] with various commercial banks to the tune of around Rs100bn,” said V Rama Manohara Rao, APCRDA special commissioner....
...Elliott v Arconic: Round 2 The nastiest proxy fight of the season concluded on Monday. Or did it?...
...Cooperman said the US Attorney’s Office informed Omega that it “has not completed its investigation but has determined not to pursue charges for the time being pending the Supreme Court’s decision in Salman v...
...Carlyle’s performance fees earned for exiting deals fell to $233m from $333m a year ago, dragged down by Carlyle Partners V, its $13.7bn buyout fund from 2007 with investments from Getty Images to money...
...Blackstone’s fund, Europe Real Estate Investors V, will target the same returns as its previous one launched in 2014 — a 20 per cent gross internal rate of return, or 15 per cent net of fees....
...suspicion of big overseas funds....
...However, TPG had to overcome tough questions about the performance of TPG V, its boom-era buyout fund, which invested $15.5bn but suffered some high-profile casualties....
...Herbalife said: The company has been aggressively defending itself against the plaintiffs’ allegations set forth in Bostick v. Herbalife ever since the lawsuit was filed in 2013....
...John DiSimone, Herbalife chief financial officer, also appeared on CNBC to talk about the company’s compliance procedures on Tuesday....
...Defence lawyers hinge their argument on a leading 1983 Supreme Court decision called Dirks v. SEC....
...Take-Two shares have more than doubled since Mr Icahn began buying in 2009, and are up more than 50 per cent this year alone amid excitement over Grand Theft Auto V, which beat sales records on its launch...
...of the financial crisis....
...But at the end of the first quarter of this year, TPG Asia V fund, which put most of its money to work from 2009 to 2012, had a return of 2 per cent....
...However, TPG V – which began investing in 2006 and is one of TPG’s largest funds with $15bn in commitments – has suffered from very poor performance....
...“I will defend political stability and I will complete the mandate given to me by the Spanish people,” Mariano Rajoy said, defying concern that a slush fund scandal will consume his party (Financial Times...
...(Bloomberg) - Hedge funds, including Paulson & Co, are betting on a Fannie and Freddie rise. (Wall Street Journal) - Insurers stray from conservative line on climate change....
...Today, the group’s flagship TPG V fund is still valued at less than 100 cents on the dollar, as several investments of more than $1bn in equity such as Washington Mutual and Aleris have already gone bust...
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