Hints and tips:
...By contrast, higher interest rates have created new challenges for traditional corporate buyouts....
...Hedge funds are challenging private equity firms over restrictions that dictate who can lend to or buy the debt of buyout-backed companies, weighing legal action to capitalise on a surge in corporate distress...
...“In any organisation when you have transition to a new leadership it’s complicated to have the old leaders hanging round,” observed the Sequoia LP....
...KKR runs more than $500bn across corporate private equity investments and strategies focused on loans, infrastructure and real estate....
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...That right is threatened when bankruptcy insiders and big corporate debtors manipulate the rules and get to freely choose the venue where the case is filed and dealt with....
...Disney is facing proxy battles with Nelson Peltz’s Trian Partners and Blackwells Capital, which are seeking board seats and other changes aimed at boosting its share price....
...corporate balance sheets to insurers in the coming years....
...KKR is building its investment operations in infrastructure and property and is preparing to launch new flagship corporate buyout funds in the US and Asia....
...According to Centerview Partners, Trian’s three-year annualised returns up to September 30 were 3 per cent, trailing the equivalent of 10 per cent for the S&P 500....
...Linklaters has elected 27 new partners globally, with the majority falling within the law firm’s corporate division....
...Take Vista Equity Partners’ recapitalisation of fintech group Finastra, for example....
...The battle comes as Disney faces scrutiny from investors and corporate governance experts over its succession planning....
...Managers return far less cash to limited partners. They then cannot recycle money back into funds....
...Instead, Ubben last week told investors that his Inclusive Capital Partners would wind down and return cash to investors....
...That has changed in recent months, with two of Blackstone’s largest rivals in the space — HPS Investment Partners and Blue Owl — already issuing CLOs backed by large private loans....
...Corporate governance experts have accused Disney’s board of being too cosy with Iger, granting him contract extensions in 2013, 2014 and 2017....
...“Money drives everything,” says Hugh Brown, global head of financial services at BSR, a corporate social responsibility advisory group....
...The announcement from Wells comes days after Société Générale announced it would partner with asset manager Brookfield on a private credit fund....
...In the more than decade-long period of low interest rates, the average buyout fund returned around 18 per cent, according to data from Adams Street Partners....
...BC started exploring options to exit earlier this year after IMA’s strong performance and received approaches from corporates, as well as other private equity firms, Ferraresi said....
...Hoxton Ventures has named Bryan Gartner as a partner in London. He was previously a partner at Khosla Ventures....
...Trans in corporate America Former Goldman Sachs banker Maeve DuVally’s coming out as transgender was a watershed moment for Wall Street....
...CVC Capital Partners said on Thursday it had raised €26bn for the largest private equity fund in history in anticipation of dealmaking picking up as sellers reduce their pricing expectations....
...CVC plants its flag on a €26bn peak CVC Capital Partners managing partner Rob Lucas has climbed some of the world’s tallest mountains....
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