Hints and tips:
...Several boutique investment banks and private equity firms have created similar tax receivable agreements (TRA) in connection with their initial public offerings....
...The appeals court wrote: “Apollo’s accounts receivable department contravened the terms of the fund partnership agreements — negligently or otherwise — and billed the funds directly for such administrative...
...Apollo told him: “Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management...
...Rowan said Apollo is making money the old-fashioned way: taking prudent risks where others no longer are willing to tread, such as in the senior secured financing of receivables, of aircraft, of real estate...
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...The sums are listed as “receivables from the manager”....
...“You would think of future receivables as, I will pay my council tax bill every month and I know what it’s going to be, so that’s predictable future outgoing rather than a receivable....
...to the end of the company life of SVF2 LLC....
...Whichever way, revenue is booked as receivables and squared off against payables, but no money ever has to change hands....
...But it also shared concerns about the treatment of Pluralsight’s so-called “tax receivable agreement”....
...Regulators are also scrutinising the insurance that the lender has said is in place for its receivables....
...Unlike WeWork, SmileDirectClub also said it would use a so-called tax receivable agreement granting LLC members 85 per cent of the savings generated by an increase in the company’s tax basis....
...Eventually, the OAG notes, the group ended up being banked by a subsidiary of a New York-based entity named Noble Markets LLC....
...OneMain increased its assets rapidly last year, with quarter-end receivables rising from $13.2bn in March to a projected $14.8bn in December....
...As larger rival Paypal has sold off its US consumer credit receivables portfolio, Square seems to be moving in the opposite direction, “seeking to increase its dependence on credit as a driver of growth”...
...Separately, Cabela’s also said it was selling its credit card operation – including its $5.2bn credit card receivables portfolio – to Capital One....
...Separately, a subsidiary of Capital One will manage Cabela’s credit card business in a multiyear agreement that includes it assuming $5.2bn in credit card receivables....
...Sales revenue is linked to accounts receivable (e.g. sales are booked and a receivable is created which over times turns into cash as customers pay). A/R turnover = sales / average receivables....
...In total, balance sheet receivables stood at £35.1m. As long as Utilitywise is right in its estimates of the cash-value of its contracts, the money will come through in time....
...Lending Club chief executive and founder Renaud Laplanche told analysts the company’s emphasis was on continued “deliberate” growth, saying that of the roughly $900bn in outstanding credit-card receivables...
...Restructuring group Hilco and US private equity group Apollo Global Management have also been linked with the chain....
...While on the receivables front: Gotham’s perspective: 2011-2013 accounts receivable are between 86%-231% of revenue, while deferred revenue only 1%-2% of revenue....
...Mr Icahn said the dividend would be funded by $4.26 per share in available cash as proposed in the buyout deal, $1.73 per share from factoring existing commercial and consumer receivables, and $4.26 a share...
...Borrowers range from manufacturers with their own plant and equipment, trading operations with proven receivables, to pending settlement credits....
...Part of the problem, as the results reveal, was that Glencore was funded in part by conduit programmes backed by asset-backed receivables....
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