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...“Together we have created the largest independent content production company in continental Europe. A next phase now begins with more deals to come to consolidate the space.”...
...The bid for the site from Blackstone underscores the intense interest among property investors and tech companies to invest in data centres....
...“I would always be cautious about any company that does not have its dividend covered,” said Nate Koppikar, a partner at hedge fund Orso Partners, which has bet against Blackstone shares....
...Treasure chest Shareholders are starting to ask questions over who really owns the art on companies’ balance sheets, the FT’s Leo Lewis writes....
...Even so, the takeover means that London’s stock market will have one fewer company following a spate of bidding wars in recent months....
...Some of our vehicles for institutional LPs historically would have one turn of leverage. And that oftentimes applies to our direct-lending business or private credit business....
...This investment vehicle aims to make the classic private equity strategy of buying companies, loading them up with debt and then turning them around, available to smaller investors....
...Top of this list may be Vivendi, the billionaire Bolloré family’s holding company, which has voiced its opposition over the price KKR will pay....
...Blackstone was one of several parties to bid for the company as it went through a strategic review in recent months....
...Shareholders last year voted against the continuance of the company, sparking a strategic review by a new board and ultimately a sale process....
...“Putting people on a board unnecessarily can harm a company. I don’t know why shareholders would take that risk,” he added....
...Because a company can file bankruptcy in whatever district any one of its dormant shell company affiliates first files bankruptcy....
...Blackstone, which has made repeated but lower proposals to the company, is determined to acquire the music rights of the group, according to people close to the talks....
...Governments and public companies cannot do it alone. Private capital is playing a growing role in the transition....
...Private equity groups such as Blackstone expect that falling interest rates will spur an increase in dealmaking that will allow the industry to exit $3tn of unsold private company investments....
...The stock price gave the company a market capitalisation of $11.2bn....
...The company also raised a $725mn fixed-rate loan with a coupon of 7.63 per cent....
...An index compiled by VTS, a real estate technology company, shows New York is leading a recovery in office demand across the US....
...“Once companies, especially financial services companies, get to the $50bn market cap, their stock performance suffers,” Nuttall said. “Investor returns become more anaemic. Their growth slows.”...
...And companies that ask for a reprieve rarely if ever get them....
...company said....
...It would be watching the company’s performance and “focusing on its continued success”, it said....
...Last week, the FT revealed that various companies in the group had been pledged as collateral to the new debt provided by IMI....
...Esken has maintained that the accusations were unfounded, and its chair accused the private equity company of wanting to pick up the airport at a knockdown price....
...But the private capital boom is echoing his world: entrepreneurs such as Elon Musk are building vast privately held companies, as “unicorns” (private companies with $1bn-plus valuations) multiply....
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