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...The company was badly affected by the global pandemic when live music and entertainment events were largely shut down....
...US institutional investors are selling more of their private equity holdings at a discount as they cut exposure to the illiquid asset class....
...Investment banking revenue increased despite a “decline in global fee pools”, said Nomura, with a particularly strong performance in Japanese equity capital markets....
...Wood’s stock languishes around 142p — a painful 41 per cent below the final takeover price offered by Apollo a year ago before the private equity group got cold feet....
...Paramount Global, offloading 30.4mn shares....
...It caps off a bruising period for Hertz’s majority owners, Knighthead Capital, a specialist in distressed investments, and Certares, a travel-focused private equity group....
...Paul Hastings has hired Alexander Temel as global co-chair of the firm’s private equity practice. He previously worked for Sidley Austin....
...Will Lina Khan be left holding the bag? On Monday, the US Federal Trade Commission sued to block Tapestry’s $8.5bn acquisition of rival Capri Holdings. The pair are best known for their handbag brands....
...Lower liquidity is a factor in the UK market’s broader valuation discount to global markets — a shortfall that is now at its largest since the early 1990s....
...Hertz’s majority owners, two little-known private equity firms called Knighthead Capital and Certares, had made two bold bets after their $2bn equity investment won the auction to bring Hertz out of bankruptcy...
...Japanese brokers are focusing on stocks primed to benefit if Donald Trump returns to the White House and the US-China relationship deteriorates even further, as global interest mounts in Japan’s rising equity...
...Step Two: Buy firms While only one subset of PE, global buyouts are a big category, and one we’re going to home in on....
...“It’s certainly a milestone and [the share of ETFs in model portfolios] is only going to be going one way,” said Andrew Guillette, vice-president of global insights at Broadridge....
...Private equity firms face pressure to sell their holdings because they raise money from their investors for set periods of time, typically up to 10 years....
...Maybe in March it was, but in April it’s starting to look functional again,” said Alex Brill, chief executive of Matrix Global Advisors, a healthcare consultancy....
...), the holding company through which she controls Paramount....
...KKR was also holding talks with large corporations and other private equity buyers about potential asset sales, they said....
...“To truly understand how dominant they have been, consider that only 5 per cent of the market — around 25 stocks — has delivered stronger returns on a year-on-year basis,” wrote global equity strategist...
...CBOE’s BZX equities exchange features in the second chart because of just one stock, CBOE Global Markets Inc. None of this constitutes a scoop, we’ll be honest, but it’s a Friday....
...Rivals Mixue Bingcheng, Guming Holdings and Auntea Jenny are also planning IPOs in Hong Kong in the coming months. Consumers “come and go” with these bubble tea chains, Wong said....
...“The big keep getting bigger,” said Peter Oppenheimer, Goldman’s chief global equity strategist and head of macro....
...If velocity fell, people would end up holding more money. Eventually, they would tire of holding cumbersome, zero-interest cash, and put it to use. Velocity would rise again....
...“I remain extremely bullish on Jefferies and fully committed to helping us continue to build the best independent, global and full-service investment banking firm.”...
...“It’s the dollar losing utility as an asset to store trade surpluses,” says John Hathaway, managing partner of Sprott Inc, a Canadian asset manager specialising in metals....
...“A frothy market, particularly on the equity side, will present an opportunity for many companies to access a free lunch,” said John McClain, a portfolio manager at Brandywine Global Investments....
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