Hints and tips:
...Nord, which was founded in 2012 and operates in the US, UK, Canada, Australia and Germany among other markets, could eventually pursue an initial public offering, Okman said this week....
...US private equity group Silver Lake has agreed to buy Qualtrics for $12.5bn alongside Canada’s largest pension fund in the biggest private equity buyout of the year....
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...That started to change a couple of years ago, when Australia, followed by Canada, forced tech platforms to negotiate payments with publishers....
...CPP Investments, Canada’s largest pension fund, invested a further $1.75bn, while just $1.2bn of the purchase price was financed with debt....
...US private equity group Silver Lake and Canada’s largest pension fund have offered $12.4bn to buy experience management software company Qualtrics, in what would be one of the largest buyouts of the year...
...“If you think of computer software, it’s programming something executable . . . there’s a program that’s then converted into software that runs on your computer,” he says....
...The German software titan first acquired the Utah software start-up in late 2018 for $8bn in cash....
...However, Qualtrics was eventually sold to Silver Lake and Canada’s largest pension fund, CPP, for $12.5bn last month in the biggest US leveraged buyout of the year....
...He was formerly CFO of German software titan SAP....
...In 1987, when he was an associate professor at Carnegie Mellon University in the US, he decided to leave his position and emigrate to Canada....
...Egon Durban, its co-CEO, assembled a more than $10bn equity cheque with the help of Canada’s largest pension fund....
...Subscribers to Unlimited can now upgrade to HD in the US, UK, Germany, Canada, France, Italy, and Spain....
...SCOTUS The Supreme Court will hear oral arguments in the 303 Creative LLC vs Elenis case....
...Explicit content MindGeek, a little-known company headquartered in Canada, owns some of the most visited websites in the world....
...kadhim@ft.com / sid.v@ft.com...
...“We have confidence that the regulatory environment in Canada scrutinizes accounts that can’t be commingled,” O’Leary said....
...The Canada Pension Plan Investment Board has promoted Maximilian Biagosch to senior managing director, Europe regional head and head of direct private equity, and Agus Tandiono to senior managing director...
...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....
...LG Electronics and Canada’s Magna International will launch a joint venture to manufacture electric motors, inverters and electric drive systems as global automakers accelerate their shift to electric vehicles...
...Companies that sell software to insurance groups have also fared better....
...company Ultimate Software in 2019....
...Silver Lake and its rival Thoma Bravo — which together held roughly 75 per cent of SolarWinds at the end of September and have three executives each sitting on its board — sold a chunk of their stake to Canada...
...The two firms sold a portion of that stake to Canada Public Pension Plan Investment Board at a price of $21.97 a share in a private placement transaction that closed on December 7, representing a 5 per cent...
...The alliance this summer affirmed cyber incidents could trigger its mutual defence clause under Article V....
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