Hints and tips:
...The factors pushing management against London, according to people familiar with their deliberations, included a diminishing valuation premium over similar New York-listed insurers in recent years — and...
...Timothy Geithner, its chair, has said there currently is a “premium on diversification”....
...The economic pull from the US can be felt regardless of a valuation gap: London-listed Flutter, the world’s largest listed gambling company, does not feature in the ranking because it is trading at a premium...
...US private equity group Apollo Global is in discussions with Sony Pictures Entertainment about making a joint takeover bid for Paramount Global that would rival ongoing talks between controlling shareholder...
...The private credit premium is simply compensation for doing all this work — “economic rent” in economist jargon. Hanig notes that the premium is larger for smaller loans....
...Castore has raised roughly £150mn from a trio of investors, boosting the British premium sportswear maker’s firepower as it looks to expand its brand on the global stage....
...This week, meanwhile, the FT reported that the company was working on adding a premium, paid-for “tier” of generative AI services to its search engine....
...Agency executives are betting that even if many jobs will be automated or replaced by AI, opportunities like this will command a premium....
...This was less than 1 per cent of the global total. But despite poor marketing and a slow start, the Pixel’s popularity is on the rise....
...The roughly $7bn enterprise value on that deal — a multiple of about 13 times CAA’s earnings before interest, tax, depreciation and amortisation in its latest financial year — represented a considerable premium...
...US private equity group Apollo Global Management has struck a deal to buy Wagamama owner The Restaurant Group for £506mn, following a lengthy campaign by activist investors for a shake-up of the dining operator...
...It was pitched at a 70 per cent premium to the share price of the company a year ago when the bid was first made....
...The company launched with a slick website and developed a following for its data-driven journalism focused on the global economy....
...For its takeover of Anaplan, Thoma Bravo bypassed bank lenders and instead raised financing from a group of private lenders led by Owl Rock, Blackstone, Apollo Global and Golub Capital....
...And that King Charles III coin I crave from the Royal Mint is priced at a 24 per cent premium to the gold price. So allow me to let you in on a secret....
...Many rivals of Apollo Global Management were convinced that its merger with Athene Holding, its retirement annuities affiliate, would prove a strategic blunder....
...Cheryl Brumley is the FT’s global head of audio. Special thanks to Laura Clarke, Alastair Mackie, Gretta Cohn and Natalie Sadler. FT premium subscribers can get the Unhedged newsletter for free....
...Investing those annuity premiums was easier for Apollo thanks to wider credit spreads in its lending businesses....
...of surveying global billionaires....
...The price represents a 73 per cent premium from Qualtrics’ trading value before SAP notified shareholders of its intention to divest its stake....
...KKR in 2021 bought a majority stake in insurer Global Atlantic, adding $90bn to the group’s assets at the time....
...‘It’s not really where I’m at.’ ” Henry ManceOh, by the way, he said although he reads the FT that he’s not a premium subscriber. He can’t afford the premium subscription....
...A person close to Sparta argued that Apollo’s interest in THG wasn’t surprising since the company is significantly undervalued but any offer would have to come with an outsized premium to make sense....
...In the spotlight: Alexandre de Rothschild Alexandre de Rothschild’s early experiences of the family bank were of visiting its cigar-smoke-filled offices in Paris as a child in the 1980s....
...Wood Group said it was “minded to reject” a fourth cash offer from Apollo Global after the energy services business previously spurned three bids from the US private equity group....
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