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...American dreaming Shearman & Sterling’s tie-up with Allen & Overy is the result of a two-decade-long push to crack the US legal market by the latter’s deal-hungry boss: Belgian rainmaker Wim Dejonghe....
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...Black, who co-founded Apollo in 1990 with a group of former colleagues from the failed investment bank Drexel Burnham Lambert, is buying a property that has long been in the hands of illustrious owners....
...The private equity giant was founded in 1990 by former executives of investment bank Drexel Burnham Lambert to acquire the assets of a failed California insurer, Executive Life....
...Shearman & Sterling O: 8; L: 7; I: 8; Total: 23The firm advised the International Finance Corporation, the private sector arm of the World Bank, on its first bond investment in Bangladesh....
...Apollo was formed in 1990 by former executives of investment bank Drexel Burnham Lambert to acquire the junk bond portfolio of a failed California insurer, Executive Life....
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...The sudden spurt of experimentation is long overdue, said Greg Sterling, an analyst who has followed the search market since 1999....
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...because Ford’s UK operations expose it to the falling price of sterling....
...Harris spent most of his career at Apollo, the private equity firm founded in 1990 by billionaire financier Leon Black with a group of partners from the failed Drexel Burnham Lambert investment bank....
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...Aggressive outsiders The modern day private equity buyout traces to Michael Milken’s Drexel Burnham Lambert, the investment bank that popularised the “junk bond”....
...as Black and Peltz regularly make their way to Beverly Hills to attend the conference, hosted by junk bond pioneer Michael Milken, who made their careers during the go-go 1980s at investment bank Drexel Burnham...
...Berg, like Ressler, cut his teeth at junk bond financier Michael Milken’s Drexel Burnham Lambert and was at Apollo in the early 1990s....
...The billionaire also made a large sterling-denominated payment to help Ganieva qualify for a UK visa....
...This summer, Lightyear Capital funds bought UK-based Wren Sterling Financial Planning, and Flexpoint Ford acquired UK-based AFH Financial Group....
...But its strategy has stumbled as the potential for US interest rate rises dents the appeal of some of these often unprofitable companies....
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...Black, Rowan and Harris met in the 1980s at Drexel Burnham Lambert, which had dominated the junk bond market under Michael Milken....
...Insuring the future Rowan’s early exposure to investment and insurance was at Drexel Burnham Lambert in the 1980s....
...Mr Black worked as a management consultant, and then in publishing, before landing at second-tier investment bank Drexel Burnham Lambert....
...The new Asda owners pulled in over £8bn of orders for the £2.75bn debt sale — making it the largest-ever sterling junk bond....
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