Hints and tips:
...Highlights The San Diego Wave, the NWSL franchise, has been sold to private equity firm Levine Leichtman Capital Partners for $113mn, almost double the previous record for a US women’s football team, Sportico...
...KKR is backing Chord Music Partners....
...Exponent Founders Capital I, LP . . . SH Fund, LP . . . Curated [chef recommends] . . . Race Capital II, LP . . . Lifelike Capital [ridiculously minimalist website award winner] . . . ....
...As Bloomberg’s Matt Levine says: “It is not every day that the accounting profession gets a whole new category of thing to account for.”...
...DPI’s African Development Partners III Fund exceeded its target of $800m and has secured an extra $250m to co-invest in specific companies....
...Nnamdi Iregbulem has joined Lightspeed Venture Partners as a partner. He has previously worked as an investor at Iconiq Capital....
...Persuading investors to keep the faith The $7bn Capital Solutions III fund was raised in 2018 to offer expensive rescue financing for companies on the verge of bankruptcy....
...ICG said its senior direct lending strategy, Senior Debt Partners (SDP) III, would invest primarily in loans to European mid-market companies....
...service recovery UK, HSBC 55 Bob Annibale , global director of community development and inclusive finance, Citi 56 JR Badian , vice-president, digital marketing and social media, MasterCard 57 David Levine...
...This situation is now changing fast,” says Frederic Ponzo, chief executive of GreySpark Partners, a capital markets consultancy....
...But, most importantly, it also seems to allow partners to cash-out at current market value without it looking like a monstrous capital gain to the taxman....
...Mr Harper was previously a partner at Duke Street while Mr Robinson has moved from Levine Leichtman Capital Partners, a US mid-market equity investor....
...It translates the cost of capital difference into value creation for the MLP unitholders....
...Many will pay 39.6 per cent because MLPs dividends are largely characterised as tax-free return of capital. Loyal long-term unit holders will get hit hardest....
...Here is Matt Levine with an analysis of the drafting oddity. But it gets more complicated....
...Mr Rice sits on the board of Rice Energy, which has since floated on the New York Stock Exchange, and also now runs an investment portfolio for Boston-based GRT Capital Partners....
...capital like ours.”...
..., Providence Equity Partners, TPG Capital and Thomas H....
...It also reported a 10 per cent capital ratio under new Basel III standards (Financial Times). Earnings per share of $1.25 beat analyst expectations of $1.17 (Wall Street Journal)....
...(Financial Times)(Reuters) Germany’s biggest seven banks are still €14bn short of meeting Basel III capital requirements short of the capital needed to meet incoming Basel III banking rules at the end of...
...capital charge, has accused JP Morgan and other US banks of not putting their own customers’ interests first....
...Banks can also use preferred stock to replace Trust-preferred securities, or Trups, a type of capital that will be phased out under Basel III....
...It has already transferred rights on $300bn of home loans in two deals this week, in response to Basel III capital rules that will make it costlier to hold MSRs....
...In a separate announcement on Monday, SVG Capital, the listed private equity group, said it had signed an agreement to sell its direct holding in Permira Europe III for £90m, a 13 per cent discount to Permira...
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