Hints and tips:
...Mubadala, which is run by chief executive Khaldoon al-Mubarak, said it intended to close the deal in the first quarter of 2024, subject to regulatory approvals....
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...The competition for United has come down to just two bidders — British billionaire Sir Jim Ratcliffe, seeking to buy at least a majority stake — and Qatar’s Sheikh Jassim Bin Hamad Al Thani....
...The QIA had discussions with United and Liverpool months ago about a possible minority stake, but decided that it did not make financial sense, the person said....
...The Financial Times interviewed more than a dozen Silicon Valley VCs who control tens of billions of dollars between them, as well as a string of advisers and bankers....
...And obviously, it impacts Virtu, it impacts all of our clients, et cetera. . . . Liquidity is like water, it finds its level. People want market-based solutions....
...CFG declined to comment on the financial details of the deal. The group, which owns football clubs around the world, was valued at $4.8bn when Silver Lake bought its original 10 per cent stake....
...“Except for the last part, where they talk about my financial enrichment.”...
...Celsius in late 2021 raised $600mn in equity funding in a deal led by investment firm WestCap and Canada’s second largest pension fund, Caisse de dépôt et placement du Québec....
...Michael Levine, a CAA board member and co-head of its sports division, told the Financial Times that the firm spent years preparing for Ohtani’s free agency and how it would vet competing teams’ interest...
...balance sheet that it took on with the takeover of HBOS in the 2008 financial crisis....
...Riyadh-based lawyers Noor Al-Fawzan of Latham & Watkins and Manal Al-Musharaf of White & Case have joined as partners....
...Public relations firm Teneo has acquired debt and restructuring advisory Herter & Co, resulting in the Frankfurt-based firm’s team — led by Marcel Herter — joining Teneo’s financial advisory business....
...Gamestop chief financial officer Diana Saadeh-Jajeh will resign in August after roughly a year at the group run by hedge fund billionaire Ryan Cohen....
...It has been quite the fall....
...CS’s top Australian dealmaker Dragi Ristevski has joined Macquarie Group as head of financial sponsors for Asia-Pacific....
...Arnott et al estimate that stocks ejected from the S&P 500 actually outperformed new entrants by an average of 2,200 basis points in the year after the index rejig (FTAV has written about the index inclusion...
...A dozen big US financial companies including BlackRock, Blackstone, KKR and T Rowe Price have warned that a backlash against sustainable investing is now a material risk, in filings that show how acrimony...
...But as Steven Kelly of the Yale Program on Financial Stability pointed out to me, Yellen et al will need the goodwill of the big banks should some other bank or banks get into trouble....
...(Pimco) — The PagerDuty CEO who quoted Martin Luther King in her mass sacking email is v v v sorry....
...In the communications sector, the video entertainment companies (Warner Bros Discovery, Paramount, Disney, Netflix et al) explain the bulk of the outperformance....
...It has also targeted fast growth in the Middle East, where it aims to draw in new assets and uncover investments....
...Its $440bn credit arm makes more business loans than some midsize banks, making it not so much an investment outfit as an alternative financial system....
...Finback was considering buying a stake in Gideon Cyber Systems LLC, according to the term sheet....
...Masataka Miyazono There is no single pool of money larger than Japan’s $1.5tn Government Pension Investment Fund, which gives its head Masataka Miyazono a lot of sway in the financial world....
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