Hints and tips:
...The consortium includes co-investors in Silver Lake’s funds and CPP Investments, which will provide $1.75bn....
...In two hours’ time she will co-host a lunch for 22 with Laure Hériard Dubreuil, the founder of Miami-based fashion powerhouse The Webster....
...He and Edens will also step down as co-CEOs in a succession plan that hands day-to-day leadership responsibilities to managing partners Drew McKnight and Joshua Pack....
...He later started his own firm, Pruzan & Co, which was a predecessor to Centerview — Effron’s first paychecks were stamped “Pruzan & Co”....
...Also in attendance were Netflix co-founder Reed Hastings and Warner Music owner Leonard Blavatnik, on whose corporate boards Döpfner sits....
...A feud between Novalpina’s co-founders had led the investors to strip them of control of the fund and put BRG in charge instead....
...Why even bother to pretend that a market based around highly volatile speculation and bright-coloured pictures is anything but a casino?...
...The group’s public distancing from its own billionaire co-founder seemed to reassure Nevada gaming regulators who are evaluating whether Apollo is a fit and proper buyer for the Venetian casino in Las Vegas...
...This, after all, is the same firm that cemented its reputation for a take-no-prisoners approach during an epic clash with private equity powerhouse Apollo over the bankruptcy of casino group Caesars....
...It was just a “routine transaction”, Oaktree founder and co-chairman Howard Marks told the Financial Times. “I don’t think it’s audacious,” he said....
...Brooklyn Nets star Kevin Durant and Utah Jazz owner Ryan Smith are backing the merger of SeatGeek, an online search engine for event tickets, with RedBall Acquisition Corp, the blank cheque company co-chaired...
...“[Travel and leisure assets] were the things that were pressed the hardest, and as a result, valuations got impacted the most,” said Apollo co-president Scott Kleinman....
...I listen to everything from hip-hop to jazz, but I’m very sensitive to pure instruments like the Japanese flute. I can listen to it for hours....
...Speaking of Apollo, Sujeet has just published a book on the bankruptcy fight of the famous casino Caesars from a half decade ago, The Caesars Palace Coup....
...Though he himself helped spark China’s casino boom, the gambling pioneer’s casinos were notably absent from the industry’s biggest windfall in recent history: sports betting....
...Some inside the firm say the younger co-founder may have irritated Black by seeming to covet the job too openly....
...Now that it’s a hedge fund, it will still sometimes sell co-investments for a fee....
...Yahoo’s 900m monthly active users amount to a “huge audience” that presents “tons and tons of opportunities”, said David Sambur, co-head of private equity at Apollo....
...The US casino group remains locked in an exclusive joint venture with UK gambling group Entain after finally admitting defeat in its attempt to combine the two companies....
...Smart reads In the club The partnership at Goldman Sachs is one of the most elite clubs in finance, but chief executive David Solomon is trying to jazz up the perks and limit new entrants in a bid to make...
...The key characters in the case include WeWork’s messianic co-founder and felled chief Adam Neumann, WeWork itself, SoftBank, the SoftBank Vision Fund (which also invested) and a WeWork special committee....
...Smaller festive dinners of up to six can still be held, but, as one senior financier said, “the massive parties in Claridge’s or the Mandarin, then heading to the casino, have all been canned”....
...In the Caesars case, for example, where it owned $1bn worth of debt, it had filed a lawsuit accusing the Caesars’ co-owner, Apollo, of “unimaginably brazen corporate looting” for selling casinos that creditors...
...Fever-Tree co-founder Charles Rolls will step down from his role as non-executive deputy chairman....
...Bank of America has hired Citigroup’s Sam Kumar as a managing director to co-head the investment bank’s regional and emerging private companies group....
International Edition