Hints and tips:
...Apollo Global Management improperly agreed to pay $570mn to cover the tax bills of its top executives as part of a shake-up aimed at distancing the private equity firm from its scandal-plagued founder Leon...
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...Apollo told him: “Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management...
...FT Live event: Future of Asset Management Asia The Future of Asset Management Asia is taking place for the first time in-person on 11 May at the Westin Singapore and will bring together Asia’s leading asset...
...Whichever way, revenue is booked as receivables and squared off against payables, but no money ever has to change hands....
...kadhim@ft.com / sid.v@ft.com...
...This exhibition at the V&A invites us into the opulent world of master goldsmith Carl Fabergé and his London clientele....
...Firstly, companies will probably ‘kitchen sink’ their results with write-offs of receivables, unsold inventories and perished products....
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
...Eventually, the OAG notes, the group ended up being banked by a subsidiary of a New York-based entity named Noble Markets LLC....
...Apollo Global Management and Värde Partners are making a big bet on America’s subprime borrowers, spending $1.4bn on Fortress's stake in OneMain, a consumer lender that has been expanding rapidly....
...“The real concern for most companies contemplating an IPO isn’t the challenge of going public, it is the obligations and opportunities that come with being public,” said Lise Buyer, a partner at Class V...
...Another firm, V Krishnan & Co, was appointed auditor on the 28th....
...Following these discussions, the Silver Lake/Warburg Pincus Consortium proposed to alter its per share purchase price in light of the updated capitalization information provided by the Company’s management...
...While on the receivables front: Gotham’s perspective: 2011-2013 accounts receivable are between 86%-231% of revenue, while deferred revenue only 1%-2% of revenue....
...The group’s partners hold 51 per cent of the management company. Trilantic, based in New York, invests both in the US and Europe, where it manages a $574m vehicle raised in 2007....
...Dell said on Thursday that it was conducting a “robust ‘go-shop’” period and that investment bank Evercore Partners, its financial adviser, was “actively soliciting” alternatives....
...Before setting up his own shop (Czech Asset Management), Steve Czech, former FrontPoint Partners manager, had raised commitments of more than $1bn by the beginning of 2011 for the FrontPoint-SJC Direct Lending...
...Mr Vernon, who is the ‘v’ in Brevan, intends to “pursue other interests”. Of the five founding partners, Jean-Philippe Blochet left in November 2009 to join Moore Capital....
...Last year, Apax Partners in the UK agreed a similar deal to TPG’s by selling a 10 per cent stake in its management company to three sovereign wealth funds – Singapore’s GIC, Australia’s Future Fund and China...
...“Our competitors get into these brand wars like Coke v Pepsi,” says Zimmer at UTA....
...LLC; Carlyle Investment Management L.L.C.; Blackstone Capital Partners V L.P.; Centerbridge Capital Partners, L.P....
...“Proponents of a V-shaped [economic] recovery are underestimating how much rising unemployment and an unstable structure of indebtedness can lengthen and deepen this recession,” says Sandy Chen, banks analyst...
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