Hints and tips:
...Andor is my favourite show of the year, but when I mention it to people, the usual reaction is a blank look and then, “And/Or? Is that the name?”...
...Goldman Sachs has already had a tough time with UK retail deals after struggling to distribute the debt backing Clayton, Dubilier & Rice’s takeover of Wm Morrison....
...Clayton, Dubilier & Rice has appointed David Winokur as a partner to build its new financial services vertical. He was previously a managing director at TowerBrook Capital Partners....
...Banks have struggled to distribute loans backing Clayton, Dubilier & Rice’s £6.6bn take-private of the supermarket chain Wm Morrison....
...Clayton, Dubilier & Rice has hired Nadav Tomer as an operating adviser to CD&R funds, focused on healthcare investing. He was global president of Johnson & Johnson’s DePuy Synthes Spine franchise....
...Smart reads Spacs on trial Once the hottest trend on Wall Street, the blank-cheque boom has pitted disillusioned shareholders against the vehicles’ more advantageously positioned sponsors....
...Private equity deals and the boom in blank cheque companies have helped propel global M&A activity to an all-time high, accounting for 32 per cent of activity....
...Clayton, Dubilier & Rice has hired Gordon Riske, chief executive of KION Group, as an operating adviser to CD&R Funds....
...Nikola: the face of the blank-cheque bust, or Spacs’ comeback kid? How much hype is too much hype?...
...awarded a 20 per cent stake in the blank-cheque company essentially for free....
...AlixPartners has hired Jessica Clayton, Lee Watson and Joe O’Connor from EY as managing directors in its UK turnround and restructuring practice....
...In addition, Clayton will return to Sullivan & Cromwell, where he was a partner before joining the SEC. More here....
...Those who advocate reform think the reckoning is overdue, having raised concerns to the SEC as early as last year under Trump appointee Jay Clayton, who appeared to take little action until days before his...
...It is also under fire from critics who say that the previous chair Jay Clayton’s focus on Main Street investors left Wall Street dangerously unfettered....
...A blank-cheque company backed by hedge fund billionaire Bill Ackman is to buy a 10 per cent stake in Universal Music Group for $4bn....
...One thing to start: the $24bn deal for Lucid Motors to go public was unable to close on Thursday, after the blank-cheque company merging with the electric vehicle start-up failed to put together enough support...
...Former chair of the US Securities and Exchange Commission Jay Clayton has replaced Black as chair, bringing several new independent directors in tow....
...(FT) Millennium becomes top hedge fund investor in Spacs Izzy Englander’s Millennium Management increased its investments in blank-cheque companies almost sixfold last year to $4.4bn, making it the top...
...Entrepreneur Steve Blank tweeted on Friday: “We all stood on [Christensen’s] shoulders. Today we lost a giant. RIP.”...
...She previously served as a senior adviser to SEC chairman Jay Clayton. The US Treasury Department has made a series of senior hires. You can view them here....
...What else we’re reading The Spac race Wall Street banks are rushing to hop on the boom in so-called blank cheque companies....
...“There is more broad-based acceptance of spacs now,” said Clayton Hale, co-head of equity capital markets for the Americas at Citigroup....
...As DD readers are clearly the best and brightest in the business, we think you may be able to fill in some of the blanks for them here....
...Two blank sheets of paper — “disappeared” drawings where the artist’s marks have faded to nothing over time — will also go on display....
...The Edge’s guitar-playing was acute, Adam Clayton’s basslines were beefy and Larry Mullen Jr gave his drum kit a good hiding. “U2 group is still here!” Bono cried out....
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