Hints and tips:
...By contrast, many other businesses inside Icahn’s empire, which span automotive services, real estate and even sausage packaging, have struggled to generate meaningful earnings....
...The tactic, dubbed “defending the portfolio”, by lenders, is becoming increasingly common....
...In recent months, Apollo has announced a $3bn financing package for AB InBev’s US canning plants, acquired a major supplier of automotive parts, and bought a portfolio of online media assets that have been...
...But competitors like Axalta, which was spun out of Dupont, have been encroaching on PPG’s mainstay of automotive coatings, according to analysts....
...A dependence on Europe’s automotive industry has been a hindrance for some suppliers during the continent’s prolonged crisis....
...a broad portfolio of assets, according to people familiar with the rule.”...
...Santander and a trio of private equity firms are planning to list the US automotive finance unit of the Spanish banking group in the coming months in a deal that could value the company at between $7bn and...
...“Private equity firms see the IPO process as another major step in that cycle of deleveraging and monetising these portfolio companies,” says William Sanders, global co-head of financial sponsors banking...
...The first is software and the internet, which has been a staple of the portfolio....
...But much of the money that has come in has been in the form of portfolio capital, which can be pulled out at much shorter notice than foreign direct investment....
...“Siemens effectively de-risks its total portfolio by selling a majority of this business in an IPO,” Axel Funhoff, analyst at ING, wrote in a report....
...The effects would likely be limited to some parts of the IT supply chain and to some automotive manufacturers....
...Credit for Experian Automotive....
...Profit at the company’s North American automotive finance group declined 1 per cent to $653m, compared with $660m a year earlier....
...Bloomberg did its bit on Thursday to publicise the fact, reporting that Indonesia’s stock index may return to the record reached last year in the next 12 months, led by automotive, banks and property stocks...
...David Cole, president of the Michigan-based Centre for Automotive Research, said: “As a smaller, non-global firm, they were a dead duck walking”....
...Dominion’s performance has suffered lately, because of its heavy exposure to the real estate, job search and automotive markets....
...Boone Pickens (right), the Texan investor who in 1989 acquired more than one-quarter of the shares in an automotive parts company called Koito Manufacturing....
...To lure European and other foreign drivers, it has boosted its diesel offerings and expanded its international vehicle portfolio from nine to 20....
...Some analysts see the acquisition of Land Rover and Jaguar as an opportunity for Tata to expand its portfolio into luxury vehicles while obtaining distribution networks in developed markets and access to...
...Even airlines and automotive companies are now targets despite their thin margins, vulnerability to economic downturns and, in the US, large healthcare liabilities....
...Under Jeffrey Immelt, GE’s chief executive, the company has restructured its portfolio and sold low-margin businesses such as insurance....
...Cerberus’ over-50 portfolio companies have combined annual revenues of more than $60bn and hundreds of thousands of employees....
...The appointment will also lead to speculation KKR is interested in the automotive sector. Ford Motor recently retained Sir John as a part-time consultant to executive chairman Bill Ford....
...(Unlike LTCM, for example, the hedge fund was already selling its portfolio when the news of its losses emerged.)...
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