Hints and tips:
Related Special Reports
...JPMorgan started actively exploring a deal in mid-2021, but abandoned the effort in mid-2022 when it failed to convince Discover of its merits, people familiar with the matter told the Financial Times....
...“Every week for the last 18 months, bankers and consultants have been saying credit, credit, credit.” But Sinding is clear what he wants....
...Other investment outfits inside Brookfield’s credit group include European credit manager LCM Partners, a stake in music royalty group Primary Wave, and a technology-focused lender called Pinegrove, in which...
...UBS chief executive Sergio Ermotti has hit out at European politicians and regulators for deliberately suppressing the continent’s banks and allowing US rivals to dominate globally....
...market on that continent....
...There will also be an undisclosed amount of debt financing provided by a group of private lenders including Blackstone Credit, HPS Investment Partners and Blue Owl Capital....
...And since 2008, mid-market corporates and mortgage borrowing have increasingly moved away from banks....
...While Sweden’s total IPO fundraising volumes are well below those in the US — where some larger Swedish companies such as music service Spotify and drinks maker Oatly have listed — the Nordic country has...
...In 2008, Blackstone acquired GSO Capital, a credit manager with $10bn in assets managed. Today, Blackstone has $300bn in credit assets, even as most of the original GSO brass have long departed....
...Another 50 cents is collected by the merchant acquirer, or companies such as Block or Stripe that provide the shop’s point-of-sale service system....
...Europe is the fastest-warming continent in the world, with temperatures rising at roughly twice the global rate....
...But historically direct lending was directed at small and mid-sized companies with ebitda of less than $100mn....
...mid-2000s....
...and small banks as merchants gained the ability to steer customers to preferred credit cards....
...Many banks, she reckons “are unable to uniquely identify and systematically aggregate or measure their combined credit and counterparty risk exposures to the private equity sector”....
...“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.”...
...The European private equity group CVC Capital Partners is poised to announce its plans for an initial public offering as soon as Monday, kicking off one of the continent’s most highly anticipated listings...
...Despite the plane maker’s latest problems surrounding its mid-air incident on one of its Max 9 aircraft last month, Mesfin expressed confidence in the company....
...Dell’s vehicle will take a passive stake in 5C and invest in the firm’s first fund, which plans to provide senior loans to mid-sized and large businesses....
...By September 2023, Weightman began assembling a private credit team, said Corinthia....
...Chief among them: the airline’s long-standing credit card deal with American Express....
...The FAA’s temporary grounding applies to all Max 9 aircraft with a mid-cabin door plug installed in the fuselage....
...Tesla shares were up more than 9 per cent by mid-day on Wednesday....
...So how will the moves into private credit play out? Today just 10 firms account for 40 per cent of private credit fundraising in the last 24 months, according to Preqin....
...Full-service banks such as JPMorgan are built for scale — ie getting as many deals through the door as possible — so there’s only so much impact any one individual can make. That’s intentional....
International Edition