Hints and tips:
...A person close to TKO hit back, saying that in rejecting the higher offer Bridgepoint had “failed in its fiduciary duty not only to its LPs [limited partners] but to its shareholders in the public market...
...“If you have poor DPI you’re dead . . . you aren’t going to raise a nickel,” one partner at another multibillion-dollar US venture firm said....
...Turmoil at Thames Water in the UK has fuelled those concerns in recent months. Luboff said KKR was “very aware of the social licence to operate”, adding: “We’re very cognisant of that....
...for both plastic and paper, and with a heavy emphasis on re-use of packaging....
...KKR re-entered the sector in 2021, initially buying a majority stake in the smaller catalogue of songwriter Ryan Tedder....
...We’re starting to get more [approaches] from strategic buyers.” Bae added: “Valuations are reasonably robust for exits and the financing markets are coming back. We have a lot of activity in flight.”...
...We’re starting to get more [approaches] from strategic buyers,” Nuttall said in an interview. “You’re seeing that activity pick up. If it keeps going like this, monetisations will follow....
...“You have seen more stability in the ecosystem, [with investors] feeling rates are finally coming down . . . As an underwriter you’re more comfortable putting on risk positions.”...
...“I think we’re still in the early stages of the recovery phase that will ultimately allow private equity investors to return capital....
...We’re sceptical about this reading....
...But sorry, we’re getting ahead of ourselves....
...The writer is a former investment banker and author of “Power Failure: The Rise and Fall of an American Icon” We’re right in the middle of proxy-fight season in corporate America, and I, for one, increasingly...
...“With the distracting proxy contest now behind us, we’re eager to focus 100 [per cent] of our attention on our most important priorities: growth and value creation for our shareholders and creative excellence...
...The answer, like the LP, has two sides....
...Papa Johns announced that former basketball player Shaquille O’Neal will not stand for re-election to the company’s board of directors....
...“Younger talent doesn’t want to take one job and work for 40 years and get a measly buyout when they’re done,” said Allan Koltin, M&A consultant to accounting firms....
...More than half a century after the heyday of LPs, EPs and singles, vinyl has gone through a renaissance as fans gobble them up as collectibles....
...“LPs don’t usually like to put pressure on VCs to spend money, but if you’re entering your third year of not doing anything, they’re starting to ask what are my fees for,” said a Silicon Valley venture capital...
...One note to start: In this special edition of DD, we’re looking ahead to some of the biggest themes that will affect dealmaking, private equity, corporate finance and much more in the coming months....
...Usually the depth of the downturn is in proportion to the magnitude of the bubble, which would imply we’re in for a brutal time.”...
...So until he moves to the great financial data matrix in the sky, there could yet be some twists and turns in the Bloomberg LP succession battle....
...When a client (the Limited Partner, or LP) signs up to invest $100mn in private equity, they don’t immediately assume $100mn of exposure....
...Schwarzman was once a Trump ally, giving millions to support his re-election in 2020 and defending his actions to fellow CEOs in the immediate aftermath of his loss to Joe Biden that year....
...“It’s during this period of time where there’s still uncertainty and you’re bouncing along the bottom where we want to be aggressive,” said Gray....
...“We’re getting north of 300 ESG data requests at Carlyle every year and they’re all in slightly different formats with slightly different definitions,” she says....
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