Hints and tips:
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...Global Infrastructure Partners hired Ares Management’s Brian O’Connor as a partner on its credit platform. Eurazeo has promoted Hala Fadel to managing partner to lead its growth strategy....
...Job moves Goldman Sachs has named 80 new partners. Here’s the full list....
...It got there by underwriting shares of companies in a range of industries that might be described as diverse....
...Global Infrastructure Partners has hired Evercore chief financial officer Celeste Mellet as a partner and chief financial officer, based in New York....
...Yet the financial damage inflicted from underwriting the $16.5bn leveraged buyout of Citrix may only be beginning....
...As markets recovered, they shifted to originating new loans, underwriting midsized private equity takeovers that banks would not finance....
...Short-term loans made through the iPhone maker’s new Apple Pay Later service, announced on Monday, will be made through a wholly owned subsidiary, Apple Financing LLC, the company said....
...Short-term loans made through the iPhone maker’s new Apple Pay Later service will be made through a wholly owned subsidiary, Apple Financing LLC....
...Now, preparing to celebrate his 90th birthday on Friday, Robertson is still surveying the scene as a director of Salesforce, and a founding partner of private equity firm Francisco Partners....
...Marquee names such as Ares, Apollo and Blackstone might compete for an acquisition and then end up as partners in the debt financing....
...The private equity group Searchlight Capital Partners has appointed Elizabeth Chambers and David Klein to its board as senior advisers....
...The firm also added Kevin Freer and Andrew Isaac as vice-president and assistant vice-president of its underwriting division, respectively....
...That is reflected in the fact that the UNFI lawsuit targets three different entities — Goldman Sachs Group, Goldman Sachs Bank USA and Goldman Sachs Lending Partners LLC....
...But it also specialises in arranging corporate loans, underwriting equity issues and even securitising fast-food royalties for the likes of Domino’s Pizza and Dunkin’ Donuts....
...Prosecutors also alleged that Goldman’s underwriting and arranging fees of about $600m were “several times higher than the prevailing market rates and industry norms”....
...Asset performance in the consumer-lending area will be “steady to weaker” in 2018, Moody’s said in a December report, affected by growing financial strain among some borrowers and the loosening of underwriting...
...“Investors are not as interested in underwriting new launches unless it’s something very compelling.” Despite weaker demand, some investors have succeeded in attracting capital to debut funds....
...But CVC executives worked through the Christmas holidays to knit together a larger than normal group of underwriting banks....
...“Those people are kind of our boots on the ground,” he said, referring to about 90 staff in Phoenix in underwriting and verification....
...It said (with our emphasis): Gotham seek to imply that there is something wrong with the billing of ingenie and its underwriting partners and that ingenie’s published historic revenues (now a year out of...
...Technology and big data are what enable that,” says Joshua Rand of Petra Partners LLC....
...JPMorgan Chase, Credit Suisse and Bank of America Merrill Lynch led the underwriting....
...Michael Zeidel, partner at Skadden Arps, said: “The six-month lock-up of an IPO is still the norm and investors look for that when they buy into an IPO.”...
...“It is the kind of one-to-one marketing they had in the late 16th century in the Lloyd’s coffee shops when they were underwriting ships,” he said of private money raising....
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