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...Canary Wharf Group has agreed a £553mn financing package, as the financial district landlord faces down a series of debt deadlines at a time of increased doubt about its appeal to critical office tenants...
...Life insurers, particularly those linked to private equity groups, have pushed deeper into asset-backed securities in pursuit of investments that are a good match for their long-term liabilities but offer...
...Castlelake has taken advantage of recent market turmoil to expand its credit portfolio beyond aircraft leases, buying up billions of dollars of consumer instalment loans from fintech group Upstart....
...KPMG sold the insolvency and restructuring business to private equity group HIG Capital in 2021....
...In another notable departure, Beth Hammack, co-head of the financing group and one of the most senior women at Goldman, is also leaving, Bloomberg reported on Wednesday....
...It has also led to a weak market for initial public offerings and dealmaking, which has forced some buyout groups to turn to novel forms of debt including so-called net asset value financing, where a portfolio...
...He previously worked as chief investment officer for Global X, a New York subsidiary of Seoul-based Mirae Asset, and rose to prominence as an ETF strategist at Merrill Lynch overseeing about $50bn....
...Under the leadership of chair Jean Pierre Mustier, the former UniCredit chief executive, Atos is seeking €1.2bn in new debt and equity financing as it looks to cut its debt by €2.4bn — about half of the...
...WBS traces its roots back to the nascent UK private equity industry of the 1990s, when buccaneering dealmakers such as Guy Hands used the cheap financing tool to fund buyouts of household names....
..., the chief financial officer reiterated the bank’s commitment to financing the sector and said it was “careful in all matters risk”....
...Failing that, SBB may have to raise equity using the group’s very depressed share price, another expensive option....
...The report came hot on the heels of another spoofing decision in the same New York courthouse, in a civil case brought by Bermudian hedge fund Harrington against Bank of America Merrill Lynch, CIBC and TD...
...“That felt like my breakfast with Stan O’Neal and the menu,” he said, referring to a meeting with the then Merrill Lynch chief executive and the prop they used to sketch out plans for BlackRock’s 2006 acquisition...
...The group, which has $90bn in market capitalisation, is turning into a financial superstore of private market investments that has expanded far beyond buyouts....
...In debt financing, default rates are a guiding metric for investors, measuring how often a financial obligation is unmet....
...“Valuations are reasonably robust for exits and the financing markets are coming back,” added Bae. “We have a lot of activity in flight.”...
...Wm Morrisons, the private equity-owned UK supermarket chain, made a loss of £1bn last year, partly because of high debt-financing costs....
...Job moves Centerview has hired former Credit Suisse co-head of Emea financial institutions group Israel Fernández as a partner, Financial News reports....
...The “secondaries” market — of private equity investors buying and selling existing stakes in funds and private equity groups moving assets from older to new funds — was another bright spot....
...Prime candidates for risk are entities with particularly high exposure to private credit markets, such as insurers influenced by private equity firms and certain groups of pension funds....
...Private equity’s newest gold rush Private equity groups have turned to novel deals where they can create large companies almost out of thin air....
...However, it unveiled a series of measures in an effort to strengthen its common equity tier one ratio, a measure of financial resilience, by £400mn by the end of its 2025 financial year....
...Blackstone president Jonathan Gray told the Financial Times last May the world’s largest private capital group — which has $1tn of assets under management — could become a “valuable partner” to banks looking...
...So fast that the financial mechanics of the industry are changing on the fly....
...Chief Jane Fraser recently hired Andy Sieg, the former president of Merrill Lynch Wealth Management, to revive the bank’s wealth business....
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