Hints and tips:
...Chief executive David Risher on Wednesday conceded it was a “bad error” but said it was “one zero in a press release”. Need we remind Risher that an extra zero can have big consequences....
...DD’s Arash Massoudi sent us his report from the snowy streets. Though the latest edition of Davos was jammed, one institution that didn’t make it to this year’s event was Credit Suisse....
...One fund lost $10mn on its hedges on Tuesday, sources told DD....
...While DD won’t try to predict whether the Chinese lenders will play ball and extend the loan, we are sure of one thing: the whole situation is as murky as the river Thames....
...DD’s soliciting guesses on where Sunak might be headed next....
...We followed up with a subsequent report about how its partners and managing directors aren’t feeling the love from Goldman chief David Solomon....
...Law firm Simpson Thacher has hired media deals lawyer David Hernand as a partner in its Los Angeles office from Paul Hastings. White & Case has hired Keith Hallam as an M&A partner in New York....
...“Our industry has been dramatically hollowed out over the last five, 10 years,” he told DD’s Ivan Levingston....
...After speaking to more than a dozen current and former staff, advisers, investors and rivals, many of whom asked not to be named, DD’s Kaye Wiggins and Will Louch have the saga of CVC’s tumultuous path to...
...Solon Kentas will be Americas head of M&A, while senior Americas M&A banker David Descoteaux will be leaving the firm. Deutsche Bank has named Samuel Kim as chief country officer for South Korea....
...DD subscribers get a special discount....
...Hilco had recently added the Lazard restructuring head David Kurtz. More info about Sprayregen’s hiring can be found here....
...Squire Patton Boggs has hired David Nisbet as a partner in its tax strategy and benefits practice group in London. Nisbet, a private equity and tax fund specialist, joins from Osborne Clarke....
...United Steelworkers president David McCall said last month that his union had “received personal assurances that Biden has our backs”....
...s new owner Sixth Street Partners, DD’s Sujeet Indap writes....
...But Blackstone isn’t as keen to sell down assets just yet in still-fragile financial markets that are battling high interest rates and geopolitical tumult, reports DD’s Antoine Gara....
...Houlihan Lokey has hired David Gadmer in Paris to lead a new initiative to advise governments on sovereign-debt difficulties, Bloomberg reports. He previously worked at Lazard....
...Dealmakers become the deal Private equity is in for a massive wave of consolidation, Partners Group boss David Layton told the FT in an interview....
...DD predictions for this year: Will David Solomon still be running Goldman Sachs by year-end? We’re leaning no, but you definitely won’t catch him behind a DJ booth anytime soon....
...that David Solomon probably would not still be the chief executive of Goldman Sachs next year....
...If DD readers have the answer, we’d be interested to hear it....
...Energy-focused private equity firm Quantum Capital Group has hired IFM Investors’ David Altshuler as a partner and co-head of client solutions in Houston....
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