Hints and tips:
...TRAs have historically wreaked havoc in M&A processes, as MainFT described in detail last year in the Sculptor Capital Management situation....
...IFR reports that Morgan Stanley is currently marketing its Morgan Stanley Direct Lending Fund at the moment — eyeing a pricing next Tuesday — while Nuveen Churchill Direct Lending Corp is likely too list...
...At issue are proposals outlined in July by the Federal Reserve as part of the final implementation of international banking standards, the so-called Basel III endgame reforms....
...Now what they’re doing with this new set of regulations [the Basel III endgame] is they’re setting the banks up so that they cannot protect the US economy, because they can’t make the loans that they were...
...The bankers contend that the new rules, known as the Basel III endgame, would sharply increase borrowing costs and hurt economic growth....
...capital they would have to hold against their assets....
...His vehicle Churchill Capital Corp VII held an initial public offering in February 2021....
...For instance, look at what happened when the Anglophile investment banker Michael Klein announced in February 2021 that his Churchill Capital IV Corp, one of the many Spacs launched by him, was going to...
...III endgame....
...The European Central Bank has raised interest rates back to their record high, and US bank regulators have advanced plans to impose more arduous capital requirements on the country’s large lenders....
...Developers in the capital, Boys Smith says, can hardly be blamed for “going as high as they can”, given the limited sites and the investment outlay....
...Christopher Grimes in Los Angeles White House reaches eleventh-hour deal with Republicans to avert catastrophic US debt default King Charles III’s coronation takes place in Westminster Abbey Putin claims...
...implemented by the PE owners iii) Improvements in the valuation multiple between purchase and sale iv) Leverage Stereotypically, private equity gets interested in a deal when reasonably conservative...
...News Corp paid $950mn for Move in 2014, but a sale could fetch far more....
...Public listings The gay dating app Grindr will list on the New York Stock Exchange today via a special purpose acquisition company merger with Tiga Acquisition Corp....
...Lucid Motors, an electric car company that went public via a merger with Churchill Capital Corp IV, was probed over disclosures it made when the company listed....
...The deal between Churchill Capital Corp IV and electric vehicle group Lucid Motors, which is controlled by Saudi Arabia has also been rocky....
...Churchill Capital Corp IV in February — one of eight Spacs run by former Citigroup banker Michael Klein....
...“Although there is no assurance as to the scope or outcome of this matter, the investigation appears to concern the business combination between the Company (f/k/a Churchill Capital Corp....
...The car company said it received a subpoena from the regulator seeking information on its financial projections when it merged with Churchill Capital Corp IV....
...policy committee meeting on the Bank Rate Results: Adecco Q1, Air France-KLM Q1, Anheuser-Busch InBev Q1, ArcelorMittal Q1, Axa Q1, BMW Q1, ConocoPhillips Q1, Henkel Q1, Kellogg Q1, Lufthansa Q1, News Corp...
...It funded MultiPlan, a healthcare company that went public through a merger with Churchill Capital III....
...He will also redeploy assets away from the Middle East, where Marines have essentially been a second US Army, towards the Japan-based III Marine Expeditionary Force....
...Tesla is off nearly 8 per cent to $661; Spac Churchill Capital Corp IV, which just announced a deal to take Elon-rival Lucid Motors public, is down almost 40 per cent....
...Klein’s Churchill Capital Corp IV had the largest short interest of any Spac, at $373m....
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