Hints and tips:
...Reclaim Finance points out that this could be a big loophole....
...The FT profiles the Nigerian born dealmaker, who before becoming a top executive at Credit Suisse, clerked for Thurgood Marshall....
...Private credit co-heads James Reynolds and Kevin Sterling have also been named global head of direct lending and global head of investment-grade private credit and asset finance, respectively....
...For example: if Generic Greek God Capital is buying Widgetmaker Inc, 70 per cent of the equity it ponies up might come from one of its LBO funds....
...But unlike regular investment banks, groups such as KKR — which has diversified to include a $200bn credit investment business and its Global Atlantic life insurance affiliate — can do it all in-house, Lex...
...The leveraged buyout specialist has diversified to include a $200bn credit investment business along with a life insurance affiliate, Global Atlantic, hungry for yield....
...In the meantime check out our story below about how the anti-ESG backlash is now spreading across the Atlantic into Europe....
...DIANE GLOSSMAN: You had on the one hand Citi that had a huge business around the globe, known to be an innovator in technology and credit card....
...world of supply chain finance attracted backing from Japan’s SoftBank and US private equity firm General Atlantic....
...Davis Polk has poached M&A partner Thomas Malone and finance partner David Penna from Latham & Watkins. They are based in New York and Washington, respectively....
...This is the strategy that was pioneered by Apollo when Harris worked there....
...Job moves Rolls-Royce chief executive Tufan Erginbilgic has replaced the group’s finance director Panos Kakoullis and installed new leaders at its two main businesses....
...News round-up Silver Lake and Canadian pension fund bid $12bn for Qualtrics (FT + Lex) Former top Credit Suisse shareholder Harris Associates sells out of bank (FT) Telecom Italia: shareholders deserve...
...You see private credit taking a step back after licking a couple of wounds.” Bankers will use the calls on Thursday to explain how they think they can finance the deal....
...There was silence on whether expanding money and credit had anything to do with it....
...“The weakness in the pound isn’t the determining factor, it’s another checkmark in the short term [and] positive for US buyers in the UK,” said Gordon Saint-Denis, head of sports finance at private credit...
...With its Grammy’s party, Mastercard joins a host of finance organisations that have embraced the new alternative realities....
...Paulo Guedes, Brazil’s finance minister, has remained bullish, telling the Financial Times recently that Brazil would “surprise the world again” and continue its “V-shaped recovery”....
...DD Live will gather the biggest names in M&A, private equity and corporate finance. To gain access to the event and find more details go here....
...In some ways, working at Revolut was the pivotal moment: I was trying to work with a major credit bureau, and we wanted them to see customers on both sides of the Atlantic....
...: buyout groups push into lucrative private credit (Lex)...
...Read the full story, from the FT’s Bryan Harris and Michael Stott in Brazil, here....
...It has had to raise more than $1bn from its existing investors and tap credit lines from banks to shore up its financial position....
...Feel free to drop me an email at sid.v@ft.com. Why does SEC chair Gary Gensler have a YouTube show?...
...One scoop to start: the US private equity group General Atlantic is in talks with Goldman Sachs to refinance a controversial €300m loan from Greensill Capital. Read more here....
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