Hints and tips:
...Christopher Finn, the longtime chief operating officer at Carlyle Group, is retiring this summer....
...Investment firms ploughed an epic $1.2tn into deals in 2021 at high prices....
...The equity infusion was a critical step in convincing lenders to refinance Finastra’s maturing debts, which included $4.1bn of senior loans maturing in 2024 and a $1.25bn junior loan due in 2025....
...Carlyle purchased just under a fifth of reinsurer Fortitude Re from AIG in 2018 before striking a new deal last year that reduced its stake but boosted Carlyle’s assets by about $50bn....
...The firm and its investors contributed about $9bn of the purchase price while Canadian pension fund CPP Investments put in $1.75bn....
...Wall Street investment banks that financed last year’s leveraged buyout of tech company Citrix have lost roughly $1.5bn after selling off remnants of a deal struck as the era of cheap money was coming to...
...It managed €1.9tn (£1.68tn) of assets at the end of last year, €160bn less than at the end of 2021. Like most fund managers it has suffered from slumps in global stock markets....
...She was a managing director at Carlyle Group. Latham & Watkins has hired Alejandro Ortiz as an M&A and private equity partner in Madrid. He joins from Linklaters....
...Fellow Tiger cub Lone Pine’s Cypress hedge fund has lost 27 per cent this year and its Cascade long-only fund is down 32.5 per cent....
...It provided the majority of $1.2bn in financing for H&F’s takeover of NPD Group in October 2021 and $2.2bn in debt for Permira’s take-private of cyber security group Mimecast two months later....
...After taxes, Apollo generated $915mn in adjusted net income, or $1.52 per share, beating analyst estimates....
...Wingefors bought back the business for a nominal £1....
...Apollo’s shares have risen 43 per cent since the start of 2021 — well ahead of the S&P 500 stock index but sharply trailing rivals Blackstone, KKR and Carlyle Group....
...The $1.4tn business travel industry was hit hard during the pandemic, and has been so far been slower to recover than for leisure travellers....
...That equates to a pay average of about $1.7m a head, with investment teams probably seeing far higher figures....
...In June, Hellman & Friedman worked with its rivals Blackstone and Carlyle on a $34bn leveraged buyout of family-owned medical products supplier Medline....
...As recently as June, H&F teamed up with its rivals Blackstone and Carlyle to strike a deal to acquire the family-owned medical products supplier Medline in a $34bn leveraged buyout....
...It had £1.4bn in total drawn debt as of June 30, according to an investor report....
...billion (WSJ) Global tech founders back London-based start-up fund (FT) Lebanon’s Central Bank fuels corruption, extremism concerns (WSJ) Carlyle sells stake in PA Consulting (FT)...
...Carlyle Group, the Apollo rival where Mr Powell worked until 2005, also swung to profit in the second quarter....
...CVC now owns the rival breakdown service RAC, which it bought from the private equity group Carlyle in 2015....
...However, it requires 50.1 per cent approval to go through. Third Point agreed as part of the original deal that it would support the transaction....
...Alphaville was recently flipping through the Paycheck Protection Program (PPP) data dump from the US Treasury and came across loans for two entities called Delight Holdco I LLC and Delight Holdco II LLC....
...with a 58.1 per cent return, after a four year-long run of negative performance, many major US and European funds lagged the broader market....
...Advent and Cinven’s deal valued the company at a hefty 14 times its adjusted earnings of just under €1.2bn. Leverage on the deal is roughly eight times earnings, an eye watering figure....
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