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...At that time, KKR became a big shareholder in Mediawan while the French group took a 25 per cent stake in Leonine....
...The raise also signals that LPs are willing to back General Catalyst’s unorthodox approach....
...Treasure chest Shareholders are starting to ask questions over who really owns the art on companies’ balance sheets, the FT’s Leo Lewis writes....
...We want to be open architecture so that we can serve 10, 20, 30 different big insurance companies around the world....
...Sandy Begbie, chief executive of Scottish Financial Enterprise, also praised the willingness to listen....
...For example, it remains a big financial supporter of the liquefied natural gas industry, even as some European banks reduce their exposure to the sector over ESG concerns....
...Because a company can file bankruptcy in whatever district any one of its dormant shell company affiliates first files bankruptcy....
...It would be watching the company’s performance and “focusing on its continued success”, it said....
...Pressure on yields has also been exacerbated by a dearth of big mergers and acquisitions since the Fed began raising rates....
...And companies that ask for a reprieve rarely if ever get them....
...Ultimately, I think that the John Lewis story is one of a company that set out to do something different, did it very successfully for a long period of time....
...Lay-offs were the big theme with tens of thousands of job cuts, which are set to continue into 2024....
...“It will become even more a game for the big, big boys, because you need to have firepower in order to buy....
...(The analysis showed that other big name activist investors also lagged behind the S&P 500 over the period.) Maybe, in the end, it’s all about the show....
...Iger has also drawn endorsements from heirs of company founders Roy and Walt Disney in recent weeks....
...“People recognised that these are generally stable businesses and ripe for consolidation outside of the Big Four,” Munzig said....
...In today’s newsletter: Goldman’s big bet on asset management Iger vs. Roberts: The Hulu billion-dollar showdown Can Goldman Sachs be more like Blackstone?...
...Now, Kutay is looking for more big deals. Novo Holdings plans to spend $5bn a year for the next five years, rising to $7bn by 2030, he told the FT in an interview....
...Carlyle Group has hired Jeff Currie, the former Goldman Sachs global head of commodities research who predicted a mid-2000s boom in oil prices, to help the US private capital group invest behind big trends...
...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
...Its activities have also occasionally attracted a backlash, such as when it imposed big rent increases for railway arches occupied by small businesses....
...Apollo, Carlyle and KKR are studying separate bids for Pension Insurance Corporation ahead of a deadline this week, as big private capital groups look for a way into the thriving market for UK corporate...
...Another wondered, “who’s going to blink first” on valuations, adding that LPs may soon start asking if “maybe we should sell these assets”....
...A few corporate buyers have helped private equity LPs this year....
...Big private equity-cum-asset managers buy insurance companies (see also: Apollo/Athene, Brookfield/American Equity) not to cross-sell, but to gain a source of stable capital....
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