Hints and tips:
...CAA also represents actor Salma Hayek, the wife of François-Henri Pinault, who is Artemis’ managing partner and Kering’s chief executive....
...Clipway has hired executives from Coller Capital and appointed David Enriquez, a managing director at Rothschild’s merchant bank in New York, as a partner....
...“They do not want to be left holding junior capital. The recent crisis with Silicon Valley Bank and the regional banks will make it even more of a focus for banks to be cautious.”...
...Big lenders such as Barclays and Bank of America have been stuck holding loans that they initially intended to sell....
...Since announcing plans to launch two Orient Express-branded superyachts early last year, Accor has been seeking a partner to bankroll the majority of the capital expenditure associated with the cruise liners...
...Jana Partners, the prominent US activist fund with around $2bn in assets, announced on Wednesday that it would work alongside Cannae Holdings, a financial sponsor holding company....
...Emanuel will roll his equity holdings into the privatisation alongside other Endeavor executives....
...TPG sold a controlling stake in the talent agency CAA to Artémis, the holding company of the Pinault family, at a $7bn valuation....
...With Labour holding a big lead in opinion polls over the Conservatives ahead of the general election expected later this year, any change of view by the main opposition party could be problematic for the...
...In 2012, Bill Ackman convinced 3G Capital to merge with Justice Holdings, a UK special purpose acquisition company, sponsored by the hedge fund manager, Martin Franklin and Nicolas Berggruen....
...And we’ve gotten here only because we’ve been good enough with our stakeholders, our suppliers, our people, our partners.”...
...Last month Vista Equity Partners, a private equity investor focused on the technology industry, used a NAV loan against one of its funds to help raise $1bn that it then pumped into financial technology company...
...GIC disposed of its roughly $300mn holding at a discount, leaving the Singaporean fund with a loss on its investment, according to people familiar with the matter....
...Law firm Simpson Thacher & Bartlett has named 32 new partners.* Law firm White & Case has named 42 new partners....
...But a sudden rise in interest rates beginning in 2022 left Tiger badly exposed to plunging valuations and holding a bloated portfolio of private investments with limited paths to exit....
...The growing gap between Endeavor and the value of its assets was made even clearer following the acquisition of talent agency rival CAA by Artémis, the family holding company of French billionaire François-Henri...
...They join from Moelis and Sun European Partners, respectively....
...Meanwhile, Tiger said Connie Lee, a partner at the firm who joined five years ago, had left the fund....
...In the third quarter, Apollo marked up the value of its buyout holdings by 2.7 per cent, putting year-to-date gains at more than 10 per cent....
...GIC disposed of its holding of roughly $300mn at a discount, leaving the Singaporean fund with a loss on its investment, the people said....
...Charlie Robertson, head of macro strategy at FIM Partners, an asset manager specialising in emerging and frontier markets, said that under the old regime investors had faced barriers in repatriating money...
...The new fund, which included investors Goldman Sachs Asset Management, ICG and Neuberger Berman, also raised new cash for CAA to buy agency ICM Partners....
...Dealmaking deterrents Japan’s problematic equity “cross-holdings” could hypothetically broker a $20bn takeover “for free”, the FT’s Leo Lewis explains. But the country is only ripe for M&A in theory....
...“The dynamic of private equity putting more capital into some of these capital structures, this is not the last of that,” said Michael Patterson, a governing partner of HPS Investment Partners....
...According to Antonia Felix, a partner in law firm Mishcon de Reya, more “discretionary divorcers” are holding back from initiating a permanent split....
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