Hints and tips:
...“Unless you have been really conservative in your reserves . . . every venture firm is in need [of liquidity],” said the chief operating officer of one multibillion-dollar Silicon Valley firm....
...Venture firms invest on a longer-term basis than private equity or public investors, with funds typically operating on a 10-year lifecycle....
...Under the regulation they were operating under, as well, they didn't have to recognise any of the losses they were taking on those bonds, which were dropping in value as rates went up....
...Its operating profit slipped slightly in the same year to £37mn because of one-off costs attributable to the company’s sale....
...In November, Disney named two new directors — former Morgan Stanley chair and chief executive James Gorman and former group chief executive of Sky Sir Jeremy Darroch — to its board....
...Malcolm Gomersall, the company’s chief operating officer, will run day-to-day operations while the firm searches for a replacement....
...The company recently warned in regulatory filings that if the merger failed or it couldn’t find other sources of funding it “may not be able to continue as an operating company”....
...Morgan Stanley’s former operating chief Jonathan Pruzan, who was a leading contender to eventually succeed CEO James Gorman before leaving the bank in January, has joined credit investment firm Pretium as...
...A complex deal engineered by Carlyle during its leadership vacuum in part to raise cash for its new buyout fund has underwhelmed, DD’s Antoine Gara, Kaye Wiggins and the FT’s Tabby Kinder report....
...Morgan Stanley has hired Credit Suisse’s head of healthcare investment banking for the Americas Ryan Bondroff, Bloomberg reports....
...Its operating expenses and funding for content exploded. It is now sorting out what was built to last and what was built for the bubble.”...
...The group’s search committee had sounded out Goldman president John Waldron, former Morgan Stanley chief operating officer Jonathan Pruzan and Citigroup chief financial officer Mark Mason, people briefed...
...The Washington-based group has in recent months held discussions with Citigroup chief financial officer Mark Mason and outgoing Morgan Stanley chief operating officer Jonathan Pruzan, said multiple people...
...After founding the firm in 1987, the trio built its buccaneering reputation for takeovers, including that of Dunkin’ Donuts and Kinder Morgan, without the scrutiny of public markets....
...Stanley chief operating officer Jonathan Pruzan and Citigroup CFO Mark Mason....
...Private equity firm Clayton, Dubilier & Rice has appointed former Ball Corporation chief John Hayes as an operating adviser....
...AB said separately that the deconsolidation of Bernstein Research from its results will have a “modestly positive” impact on its operating margins, underscoring how difficult it is to monetise standalone...
...Lazard has promoted Nathan Paul to global chief operating officer and vice- chair of its asset management business, DD can reveal....
...He has every faith that the crypto market will recover and has compared Bankman-Fried to John Pierpont Morgan....
...EasyJet operating chief Peter Bellew has resigned following a period of heavy disruption and thousands of flight cancellations. Flight operations director David Morgan will serve as interim COO....
...The brothers own the planes through entities called Clear Sky LP and Clear Sky 2 LP. Here’s a chart showing how it works: How common is this type of arrangement? Have you seen it elsewhere?...
...He was previously an executive director on Morgan Stanley’s leveraged and acquisition finance team....
...Goldman Sachs, JPMorgan, Credit Suisse, Morgan Stanley, UBS and Deutsche Bank don’t have one....
...It’s a choice between continuity under Donnet, who since 2016 has led a group that posted record operating profits last year, or a racier plan from Cirinà, who has promised big cost cuts and more money for...
...Questions over whether Didi accurately disclosed the pressure it faced from the CAC have also led to scrutiny of the banks that underwrote its listing, which included Goldman Sachs and Morgan Stanley....
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