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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create high-yielding assets for insurance companies....
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...The cash from New Mountain, together with some debt financing, will be used to return capital to current partners, buy out retirement obligations to former partners and build a war chest for investment,...
...There will also be an undisclosed amount of debt financing provided by a group of private lenders including Blackstone Credit, HPS Investment Partners and Blue Owl Capital....
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...Saadé learned about business storms when his father took on too much debt during the 2008 financial crisis and almost lost control of the company, forcing the group to sell a minority stake to a Turkish...
...Industries such as retail and restaurants draw from the same pool of labourers, providing competition. A judge in Oregon will decide who is right....
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...Such transactions might help to stem companies’ debt problems in the short term, while helping to preserve buyout firms’ equity....
...The family lost control of the group after failing to repay bad debts of close to £1.2bn last year to Lloyds Banking Group....
...Companies in the throes of a cyclical slump make the choicest morsels of all....
...With debt expensive and public market valuations high, some private equity players say acquisitions of partnerships could have more upside than other deals, and they point to lucrative exits on older buyouts...
...That deal valued Burger King at $8.1bn including debt; 3G received another $1.8bn in cash from the Spac deal and earlier capital return while continuing to own 71 per cent of the company....
...Argus subsequently grew by acquiring other companies and counts Platts, part of credit rating company S&P, among its competitors....
...About half of this was provided by RedBird IMI in debt structured to be swapped for control of the Telegraph Media Group....
...Last year VinFast listed in the US through a merger with a special purpose acquisition company....
...That included loans associated with some marquee buyouts including Elliott Management’s takeover of technology business Citrix, Elon Musk’s purchase of social media company Twitter and Apollo’s acquisition...
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...West said Boeing would not use equity to fund a potential acquisition but would use a “mix of cash and debt”, adding that the group’s “investment grade” credit rating remained a priority....
...As in most private company acquisitions, Mobileum’s deal contract with HIG included representations and warranties that vouched for the accuracy of its financial statements....
...The company generates about 15 per cent of its sales in Greater China, with the bulk coming from the US and Europe. The filing also shows that at the end of 2022, the company had net debt of $5.8bn....
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...The investment will be used to reduce Joe & the Juice’s debt load and help the company expand into markets such as the US, the person added....
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