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...The Italian team was sold to private equity group RedBird Capital Partners for €1.2bn, the highest price paid for a club outside the English Premier League....
...“Blackstone and QTS have the capital, expertise and record required to deliver on growing demand for data centre infrastructure,” the firm said....
...By contrast, Breit struggled to cover its distribution with cash flow from operating activities, a metric that doesn’t include recurring property expenses like capital expenditure....
...Two of the people said that Elliott’s position was relatively small and it was still evaluating whether to build it to a more material holding. Elliott declined to comment....
...On Wednesday, Ted Miller of Boots Capital Management sued Elliott and the board of Crown Castle, the cell phone tower operator, over a December settlement the company struck with Paul Singer’s firm....
...Reenan will be global co-head of private capital and Bushner will serve as head of US private capital. They were both previously at Latham & Watkins....
...Why Elliott is stuck in AC Milan’s legal mess When Elliott Management sold AC Milan for a record-breaking €1.2bn in 2022 to private equity group RedBird Capital Partners, it was seen as a coup....
...Elliott had first become involved at Crown Castle in 2020, arguing that the company, whose market capitalisation at the time was $70bn, had wasted too much capital in building out a fibre internet offering...
...The challenger to Elliott, Boots Capital Management, has disclosed that it has just $100mn worth of Crown Castle shares and derivatives....
...Elliott, headed by Paul Singer, joins a nascent wave of private equity groups such as Orion Resource Partners and Appian Capital focusing on mining, as they attempt to provide capital to a sector that needs...
...New York-based RedBird acquired AC Milan from Elliott less than two years ago for €1.2bn....
...“I think we’re still in the early stages of the recovery phase that will ultimately allow private equity investors to return capital....
...Elliott, together with market maker Jane Street Capital, had accused the world’s largest metals exchange of making hasty and unlawful decisions during a crisis in the nickel market last year....
...According to analysts at RBC Capital Markets, Currys has a 24 per cent market share in the UK consumer electronics market....
...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...
...A month later, Grant Thornton US agreed to sell a 60 per cent stake to New Mountain Capital....
...Her proposal would mean that the tax UK private equity dealmakers pay on successful investments would be treated as income, rather than as a capital gain — and that’s a very important distinction....
...JD.com was in the early stages of considering a potential cash offer to buy the entire issued share capital of Currys, it said in February, after the retailer rejected an initial bid from Elliott....
...With a shareholder vote set for April 3, Disney faces proxy fights with Peltz’s Trian Partners and Blackwells Capital, which are seeking board seats and other changes aimed at boosting the company’s share...
...Benko has been trying to raise additional capital, turning to investors in Europe as well as the Middle East, but with little success....
...Salesforce, which a year ago faced an onslaught of activist investors, including Elliott Management, gave Morfit a board seat....
...That deal has already been backed by about 29 per cent of Hipgnosis’ issued share capital. Hipgnosis’ music portfolio includes artists such as the Red Hot Chili Peppers and Shakira....
...Management and Boaz Weinstein’s Saba Capital....
...It is now attempting to navigate the twists and turns towards retail capital. The latest effort is the semi-liquid buyout fund....
...John Wood Group, the FTSE 250 engineering services company, should either move its listing to the US or consider a sale, activist investor Sparta Capital Management said on Tuesday....
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