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Showing results for High 'N Dry, LLC v. High & Dry, LLC
...VCs are sitting on a record $300bn of “dry powder” — money raised that has not yet been deployed....
...“Folks have dry powder,” deVeer said. “If there is a high-quality company and high-quality transaction, most folks will . . . find plenty of capital and capacity to do that.”...
...After that its losses mounted, it says, for two reasons: Covid and dry, warm weather in North America, its largest market....
...Clifford Chance has hired Jill Concannon Christie as a US securities and high yield partner, based in London. She joins from White & Case....
...This merger is a cut and dry case of monopoly power, and enforcers should block it.”...
...The deal also featured an earnout clause in which investors would receive extra shares if the company’s stock price traded high enough for long enough once the merger had closed....
...Yet most sources of liquidity were dry. Banks were in no position to lend quickly. Bond investors were in retreat....
...What used to be a bone-dry recitation of the facts is too often padded out with interpretation, contention and the quest for a story’s “meaning” on TV, he says....
...Asset managers are already sitting on more than $2.6tn of so-called dry powder, money they have raised to invest in leveraged buyouts, private debt, real estate, infrastructure and natural resources, the...
...He had a dry sense of humour, observing once that “I might have been able to get quite a good price against [his appointment as BP chairman] from any bookmaker”....
...He says that for 15 years, half of the carried interest he was entitled to from Vista’s premiere fund was filtered through a Nevis LLC called Flash Holdings, owned via bearer shares by a Belize foundation...
...(Note, though, one of the main similarities: both EG and Asda own a high proportion of the freeholds to their sites....
...Once again, cinemas were left high and dry....
...However, they are off 24 per cent since their high in July. It has net debt of €857m....
...A story in charts: dealmakers’ Dry January It looks like global dealmakers have had to suffer through their own version of Dry January this year with very few deals to whet the appetite....
...Now, each is grappling with high debts and the prospect of a steep drop in revenues....
...Now it’s the Chicago Tribune’s turn to face “the hedge fund vampire that bleeds newspapers dry”....
...Distress among private companies on renminbi and dollar debts is also rising to an all-time high....
...But it’s hardly the only multibillion-dollar investor doubling down on its bets and minting sky-high valuations....
...Preqin estimates that the amount of committed but uninvested “dry powder” in private capital funds topped $2tn last year....
...Another wrinkle of the modern distressed investing world: junk loans are increasingly held by retail investors through mutual funds and ETFs that may like the high interest rates that loans pay but are unprepared...
...As we have noted before, there is also a lot of looking back to the late 1960s and early 1970s at the moment, possible as the well of post-Carter Administration analysis has run dry....
...As they try to establish whether it might hold toxic assets, liquidity could dry up....
...The prolific, prolix former McKinsey consultant has been saying the same thing, at high pace and volume, since his career took off in the 1980s, when he and Robert Waterman wrote In Search of Excellence....
...As a result, distressed debt funds are sitting on about $83bn of uncommitted “dry powder”, according to Preqin....
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