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...BCG’s total revenues climbed just 5 per cent in 2023 to $12.3bn, the firm’s weakest growth in at least seven years....
...The firm says it owns, finances or leases more than 200 aircraft, and counts Delta, Avianca and Qatar Airways as lessees....
...Presidio has long been a favourite with private equity firms. The company was bought by US buyout group American Securities in 2011 before Apollo agreed to acquire it in 2014....
...But for the past two months an average of 572mn shares in the lossmaking firm, whose market value is less than $2mn, have changed hands each day....
...The US mattress maker is buying Mattress Firm in a cash and stock deal valued at about $4bn, including debt....
...The bedding manufacturer behind the Sealy and Tempur-pedic brands is to buy the US’s largest speciality mattress retailer, Mattress Firm, in a deal with an enterprise value of $4bn....
...The PE Pipeline Much of private equity works on a five-step process: Collect client capital commitments Buy firms Strip assets and gear up Improve firms Sell firms and return capital to clients Profit...
...But amid the AI grills and mattress toppers, the gadget attracting most attention is a smartphone replacement that looks like a Playmobil toy....
...One hedge fund manager put it bluntly: “There have been two winners in the distressed debt boom: law firms and investment banks and they have every incentive to keep that party going.”...
...Billionaire Ken Griffin’s Citadel Securities has called the former congressman who runs Donald Trump’s media business a “loser” after he named the powerful trading firm in a letter suggesting that an illegal...
...Critics of high-frequency trading firms, who claim they have an outsized and malign influence on global markets, will be watching closely....
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...Mnuchin’s firm, Liberty Strategic Capital, is being joined by other investors including Hudson Bay Capital, Reverence Capital Partners and hedge fund Citadel....
...Cohen Milstein, a law firm for the plaintiffs, said the settlement resolved claims against HomeServices, but does not release Berkshire Hathaway from claims or liabilities....
...“It’s an easy way to renovate your space,” says Ari S Heckman, co-founder and CEO of Ash, a New York-based hotelier and interior design firm....
...“I remain extremely bullish on Jefferies and fully committed to helping us continue to build the best independent, global and full-service investment banking firm.”...
...Skydance, the film studio behind Top Gun: Maverick, has entered exclusive talks to take control of Paramount Global, which had rejected a $26bn takeover offer from buyout firm Apollo, said people briefed...
...Paul Hastings has hired Alexander Temel as global co-chair of the firm’s private equity practice. He previously worked for Sidley Austin....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...A version of this article was first published by Nikkei Asia on February 27. ©2024 Nikkei Inc. All rights reserved....
...Their thin margins are similar to that of grocery stores, said Hal Andrews, head of Trilliant Health, a data analytics firm....
...They reckon that debt maturities of firms rated single-B or lower will be around $310bn in 2025, rising to $400bn in 2026....
...Yass, an avid poker player who got his start with horseracing, pushed the firm towards venture investing....
...Mastercard and Visa then split the fees received with the banks that issue the cards and the tech firms that facilitate the payments....
...The law firm wrote in the filling that a fee paid in shares would also be tax deductible for the carmaker. Musk can challenge the fee request....
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