Hints and tips:
Apollo and Blackstone among those poised to provide $5.5bn of debt to buyout group for purchase of 50% stake in Cotiviti
...The deal, which may be announced as soon as next week, will mark the latest big investment by buyout groups into the niche sector of communications that focus on providing strategic and crisis advice to corporations...
...Then, a mere 10 hours before the bankruptcy filing, a company lawyer changed the address of the shell corporation to a post office box in Houston....
...Apollo, Carlyle and KKR are studying separate bids for Pension Insurance Corporation ahead of a deadline this week, as big private capital groups look for a way into the thriving market for UK corporate...
...KKR was also holding talks with large corporations and other private equity buyers about potential asset sales, they said....
...Over the past 16 years, big buyout groups such as Blackstone, KKR, Apollo and TPG have transformed from clubby partnerships into publicly traded corporations with large public market valuations....
...What’s more, Brookfield Corporation has a different definition of “core” to BPY, its wholly owned subsidiary described as “Brookfield Corporation’s primary vehicle to make investments across all strategies...
...“So the LPs have more leverage today than they’ve often had.” Questions over questionnaires One of the things LPs are looking for is better disclosure on ESG performance....
...In the two years since Better inked its deal with Aurora Acquisition Corporation, its chief executive Vishal Garg has become an emblem of bad leadership by firing 900 of his employees on Zoom....
PacWest’s $3.5bn deal with Ares is latest after industry turmoil this spring
...Like other LPs, CIC receives a trickle of quarterly financial reporting from fund managers on their portfolios....
...The Federal Deposit Insurance Corporation and its advisers are considering sales of the entire SVB or specific assets or businesses of the failed bank....
...State-owned China Investment Corporation owns 49 per cent of Neptune, with private equity groups Carlyle and CVC Partners owning 30.6 per cent and 20.4 per cent respectively....
...These battles have reshaped US financial markets by changing how corporations are run, steering their management towards the interests of large stockholders like Icahn....
...A few corporate buyers have helped private equity LPs this year....
...PacWest’s travails come days after the Federal Deposit Insurance Corporation seized First Republic and sold its deposits and assets to JPMorgan Chase....
...equity firm KKR has acquired a 29 per cent stake in FGS Global, marking the latest investment by a buyout group into the niche sector of communications focused on providing strategic and crisis advice to corporations...
...Somehow, even while producing sponsored videos for legacy corporations such as GE, Vice held on to its “cool” factor....
Stakes in hundreds of buyout groups’ companies have been bundled into investments with strong credit ratings
...use NAV loans just to drive distribution and you have leverage on leverage . . . if it’s just leverage because you haven’t been able to create value and or drive exits then I’d be very wary if I was an LP...
...The Chancery decided that Loews had short-changed shareholders of an energy pipeline subsidiary, Boardwalk Pipeline Partners LP, when it acquired Boardwalk for $1.5bn in 2018....
...Carlyle, in partnership with CVC Capital Partners and Chinese sovereign wealth fund China Investment Corporation, also owns Neptune Energy, which produces oil and gas in the UK’s North Sea....
...The Federal Deposit Insurance Corporation rescues the bank The FDIC sells the assets so cheaply that the purchaser has a hefty margin to absorb any unexpected losses....
Financiers at SuperReturn conference face up to rising rates and a looming recession
...As a result, corporations and private equity buyers have had to seek new ways of issuing debt. Blackstone, Apollo, KKR and Carlyle stepped into the void....
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