Hints and tips:
...In recent years, it has made large investments in companies in the Middle East and Asia, where Ford expects population growth will fuel the demand for infrastructure and bolster the group’s growth....
...Before that there was Caesar’s Entertainment. In 2012, the US casino operator floated a 1.4 per cent stake in New York after a debt restructuring. They leapt 71 per cent on debut....
...That’s the most insane thing about it,” says Jill Chase, a partner at CapitalG, Alphabet’s growth fund, where she focuses on AI investments. “All these products exist because of the transformer.”...
...Sixth Street has hired former TCV partner Nari Ansari as a senior leader on its growth equity investing team. Smart reads Survival mode Russia’s VTB was meant to rival Europe’s biggest lenders....
...Speaking of Apollo, Sujeet has just published a book on the bankruptcy fight of the famous casino Caesars from a half decade ago, The Caesars Palace Coup....
...of Caesars Palace....
...This is a guest post by Yakov Feygin, associate director of the Future of Capitalism Programme at the Berggruen Institute, Ph.D. in economic history from the University of Pennsylvania in 2017....
...Caesars, J Crew, Sears, Toys R Us and iHeartMedia are just some of the examples in recent years where pre-bankruptcy wheeling and dealing left creditors cold and looking for vengeance....
...At one point both it and Blackstone were nursing troubled deals: Caesars for Apollo and Hilton for Blackstone....
...And iff you were wondering who was responsible for the Caesars Entertainment idea, well that was Paulson, arguing that it was poised for international growth. Instead the stock halved in value....
...And way more Ph.D.s than at any company roadshow I’ve ever attended....
...Caesar’s Entertainment, the casino group, sold fewer than 10 per cent, to test the waters in the public market. Yet buyers’ appetite for leverage has its limits....
...In the most recent quarter, TPG, which owns a big chunk of Caesars alongside Apollo, valued its equity at 60 cents on the dollar....
...Harrah's spent $2.3m in the fourth quarter as it prepares to integrate rival Caesars Entertainment, bought last year in a deal worth $9.4bn....
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