Hints and tips:
...These debts include mortgages and loans for cars, rental equipment and yachts....
Fund group received $45mn from Sam Bankman-Fried’s crypto venture in September
...KKR’s recent agreement to buy up to €40bn of consumer loans originated by PayPal is one among various efforts by the firm to break into “asset-based” finance — fixed-income products such as mortgages, car...
...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...
...Illumina’s acquisition of Grail has been controversial from the start....
...The last time the industry saw such a big haul was in 2007 when John Paulson made about $15.6bn betting against subprime mortgages. It’s a huge feat for the soon-to-be Florida-based firm....
...The New York-based securitised products business packages debts, such as mortgages and loans for yachts, before selling them on as securities....
...Carvana was built out of DriveTime, an Arizona used-car business owned by Ernie Garcia II, and pitched itself as the digital disrupter of anachronistic used-vehicle dealerships....
...The New York-based securitised products business — which packages debts such as mortgages and loans for yachts before selling them on as securities — would reduce capital burdens on Credit Suisse’s balance...
...He had spent several years in public accounting and at First Boston would rise as one of the first specialists in the nascent field of mergers and acquisitions....
...The neobank posted its first annual profit last week fuelled by its move into the mortgage market....
...II. Her gaze had first met Black’s in 2008 at a Manhattan house party. Guzel Ganieva, who described the event in court filings, was invited by someone she knew from modelling....
...One thing to start: Intercontinental Exchange has deepened its push into the US housing market data business, striking the largest deal in its history by agreeing to purchase mortgage software company Black...
...The US investor agreed to take New York-listed housebuilder The New Home Company private in a $338m deal earlier this year and is investing in UK mortgage lender Foundation Home Loans....
...Its biggest deals, the $10.2bn buyout of real estate software company RealPage in April and the $12.3bn buyout of cyber security firm Proofpoint in August were part of an acquisition binge where the firm...
...Amundi’s assets under management have passed €2tn for the first time, following its acquisition of Lyxor’s exchange traded funds business....
...Is it a financial innovation that will unlock the promise of home ownership for Americans who have been shut out of mortgage finance?...
...Its deal with Allego comes just weeks after Sunlight Financial, a business that helps finance residential solar systems, became a public company following its merger with Spartan II....
...If Trump succeeds, one of the biggest winners will be Patrick Orlando, a Florida-based financial executive whose little-known firm, ARC Global Investments II LLC, put up $25,000 to buy a stake in the blank...
...If completed, this would be the third-largest acquisition of a European VC-backed fintech, according to Dealroom data....
...By investing a part of insurance premiums in middle-market corporate loans, aircraft finance and mortgage originators, Apollo was able to capture excess returns for Athene while holding risk constant....
...Unfortunately for the bondholders, the company now faces a towering wall of debt despite its years-long acquisition spree....
...James Anderson, who has managed the £17.5bn Scottish Mortgage Investment Trust since 2000, will step down in April next year. Read more here....
...Lex recommends the FT’s Due Diligence newsletter, a curated briefing on the world of mergers and acquisitions. Click here to sign up....
...We saw similar outcomes for Aurora Capital, which agreed to a deal with the SoftBank-backed mortgage lender Better, and Switchback II, the Spac transporting electric scooter start-up Bird to public markets...
International Edition