Hints and tips:
...One of Credit Suisse’s longest-standing shareholders has sold its entire stake in the scandal-hit Swiss bank after losing patience with its strategy amid persistent losses and a client exodus....
...Ackman said he believed Bremont could reach the scale of Swiss watchmaker Breitling, which was valued at $4.5bn late last year when private equity firm Partners Group took control of the company....
...The brand’s new Sirtivity-LP technology promises to reactivate skin renewal and recovery, and features in its Re-Nutriv Ultimate Diamond Transformative Brilliance Soft Crème (£160 for 30ml)....
...And finally, some of our favourite features from last year: Private equity: higher rates start to pummel dealmakers Project Yeti: How HSBC bought Silicon Valley Bank UK for £1 How the Swiss ‘trinity’...
...Earlier this year, Alphaville wrote about the travails of Swiss lawyer Dario Item, a pizza enthusiast with a portfolio career including diplomacy, influencing and journalism....
...KKR, meanwhile, has lost control of German payments company Unzer to a group of creditors including Goldman Sachs, Swiss private equity firm Partners Group and European credit manager Alcentra....
...A few corporate buyers have helped private equity LPs this year....
...Entrepreneur Marco Garzetti said he would invest SFr65mn in GAM as an alternative to Liontrust’s planned acquisition and would do “whatever it takes” to keep the Swiss fund management group independent....
...This was the situation facing Credit Suisse’s additional tier 1 bondholders, who lost $17bn when Swiss financial regulator Finma ordered the bank to write down the bonds as a condition of its shotgun wedding...
...ricotta and honey); a pair of frittata (one with caramelised onions and balsamic vinegar, the other with spinach, cherry tomatoes and Parmigiano-Reggiano); erbazzone (vegetable pies filled with spinach, Swiss...
...Now Charif Souki says he is battling Swiss bank UBS to keep a roof over his head. Souki founded Cheniere Energy, the company that invented the business of shipping chilled US shale gas overseas....
...The Swiss government said last week that a law change had given it a “clearer legal basis” to wipe out the bonds....
...News round-up HSBC announces $2bn share buyback as higher interest rates boost earnings (FT + Lex) Credit Suisse AT1 bondholders sue Swiss regulator in new lawsuit (FT) Generative AI start-up Cohere in...
...Santander has agreed to hire the former co-head of Credit Suisse’s investment bank, David Miller, who becomes the latest executive to join from the collapsed Swiss lender....
...News round-up Blackstone fund keeps limits on outflows as redemption requests fall (FT) UniCredit’s board proposes 30% salary hike for chief Andrea Orcel (FT) Swiss prosecutors charge four bankers with...
...Fellow Swiss bank UBS has also reduced spending on consultants as part of its drive to cut $1bn in costs....
...said the head of one Sequoia LP, a sovereign wealth fund....
...Smart reads A very Swiss scandal A $22mn alleged fraud at Julius Baer has cast a light on the opaque world of Zürich’s independent wealth advisers, the FT reports....
...At the same event, Credit Suisse chair Axel Lehmann insisted that the Swiss bank had “shielded” itself from “perceived conflicts of interest” when it decided that its then board member, Michael Klein, should...
...It also controls large stakes in Swiss refiner Varo Energy and Spanish oil and gas company Cepsa....
...News round-up UK imposes sanctions on Russian oligarch Vladimir Potanin (FT) Credit Suisse scraps negative rates for Swiss private clients (Reuters) Hong Kong elite descends on Tokyo for bargain property...
...Lake Nona Fund / LN Sports & Health Tech Fund I, LP . . . Exponent Founders Capital I, LP . . . SH Fund, LP . . . Curated [chef recommends] . . . Race Capital II, LP . . ....
...The brothers own the planes through entities called Clear Sky LP and Clear Sky 2 LP. Here’s a chart showing how it works: How common is this type of arrangement? Have you seen it elsewhere?...
...The announcement, made days before Tiger notified LPs of its fundraising push, said that Curtius would stay for a months-long transition....
...One scoop to start: Eric Varvel, the Credit Suisse executive who was a proponent of the Greensill-linked supply-chain finance funds that unravelled earlier this year, is in discussions to leave the Swiss...
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