Hints and tips:
...raise conflict of interest issues....
...This person said Klein had always acted in the best interest of Credit Suisse shareholders and contacted UBS immediately after the announcement of the merger to convey his understanding that the spin-off...
...The bid also sheds light on Ant’s interest in gaining a foothold in China’s investment banking industry, although several people familiar with the bidding process said Ant’s lack of any direct experience...
...In 2023 Silver Lake acquired software provider Qualtrics for more than $12bn and privatised European technology company Software AG for about €2.6bn....
...Silver Lake itself made a similar investment in Germany’s Software AG, which it ended up acquiring. The attraction, from Viavi’s side, is clear....
...Interest payments are deferred, with the payments added to the company’s overall debt burden. The worst is likely yet to come....
...GAM told the FT that it “fully accepted the findings of the FCA” and “acknowledged the conflicts of interest shortcomings”....
...Schroders is muttering darkly about conflicts of interest. Reflecting a longstanding relationship, Software AG chair Christian Lucas is a Silver Lake director....
...Silver Lake’s €2.4bn move to take over Software AG, one of the largest technology companies in Europe, progressed this month after a rival bidder withdrew their effort....
...could raise conflict of interest issues....
...The firm gained the upper hand earlier this month in a takeover battle for Software AG, one of the largest and oldest technology companies in Europe....
...While the UBS leadership has little time for Credit Suisse’s sales and trading operations, its advisory arm does garner some interest, according to people involved in the planning....
...There have been accusations of conflicts of interest: the veteran dealmaker was part of the small subset of board members tasked with finding a solution for the investment bank last summer, but stepped down...
...Credit Suisse chair Axel Lehmann reassured investors that the board was “very very mindful of conflicts of interest” when it chose to appoint one of its own members to run the new standalone advisory and...
...Conflicts of interest Private equity dealmakers often dictate terms to the lenders funding deals, including assigning their legal counsel....
...created over the past 15 years as European banks retreat from once prized areas of business to deal with losses from the financial crisis, regulatory changes, and what was until recently a long era of low interest...
...The high level of gearing at Citrix has become increasingly costly, with some dealmakers privately worrying that rising interest costs could absorb most of its cash flow. Citrix is not alone....
...The companies will raise $2.5bn through a preferred equity security that carries a whopping interest rate of 12 per cent above Sofr, the floating interest rate benchmark....
...Private equity’s interest in wellbeing and fairness comes amid pressure over the industry’s labour policies, preferential tax treatment and business practices....
...The bust made cautionary tales of fund managers such as Garrett Van Wagoner and Alberto Vilar, once hailed for their golden touch....
...The €3.7bn equity value is 58 times the company’s earnings before interest, tax, depreciation and amortisation of €63.3m in 2020....
...“There is a very legitimate reason for granting these shares to Vonovia while excluding pre-emptive rights, namely the overall interest in implementing the business combination that is in the best interest...
...It values T-Mobile Netherlands at €5.1bn, or 8.7 times its €582m in earnings before interest, tax depreciation and amortisation in the year to June....
...Credit Suisse said it had “suspended the redemptions and subscriptions” in the funds “to protect the interests of all investors”....
...The idea that deep-pocketed buyout groups should be bailed out raised serious public policy questions, as did the topic of carried interest, private equity’s lucrative tax break....
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