Hints and tips:
...Other private equity deals in the agency world included Silver Lake’s investment in Ari Emanuel’s William Morris in 2012 and EQT’s investment in United Talent Agency last year....
Executives at Swiss bank believe Wall St veteran secured terms from Credit Suisse that were too generous
...Nine workers who occupied a senior executives’ office were arrested and on Wednesday it fired 28 staff allegedly involved in the “No Tech for Apartheid” group....
...It advised talent agency William Morris Endeavor on the sale of a minority stake to private equity group Silver Lake in 2012 and the group’s acquisition of sports agency IMG the following year....
...“Google has put a licensing deal on the table,” said an executive at a newspaper group....
...Philip Morris International and Altria, which share rights to the Marlboro brand, trade at a blended multiple of 12 times next year’s earnings, while BAT is on just 7.5 times....
...Success for its employees was measured through publishing work in top-tier scientific journals like Nature....
...In the run-up to Julius Baer publishing its annual results this week, the board realised that they needed to respond to investor calls for action and an increasingly assertive regulator....
...“That analysis is in process, so publishing the information . . . before that process is complete would be inaccurate.”...
...Additional reporting by Stephen Morris and George Hammond in San Francisco...
...While the board has committed to publishing the findings and recommendations of the review, the FT has reported that this is likely to be heavily redacted....
...US private equity group Silver Lake is considering taking Endeavor Group private, with a potential deal for Ari Emanuel’s Hollywood talent agency that would be one of the year’s largest buyouts....
...Vontobel has named two internal candidates to jointly lead the group when current chief executive Zeno Staub steps down in April....
...An aggressive dealmaker, he merged Endeavor with rival William Morris, acquired sports media group IMG and Ultimate Fighting Championship, along with about 20 more transactions....
...The measure stopped short of Wall Street’s worst fears, dropping initial plans for publishing deal details within 15 minutes of trades being struck....
...She addressed the use of algorithms by saying that “all publishing requires organisation” and that these “features [are] inherent in all publishing”....
...Blackstone, KKR, Ares Management and Carlyle Group are also examining SVB’s loans portfolios. The groups are not looking to buy SVB as a whole....
Move is the group’s third shake-up of leading roles at the company in three months
...Professional investors often short shares without publishing a list of lurid allegations against the target. They simply doubt the optimism of bullish peers....
...The heads of the risk advisory and financial advisory service lines, Andy Morris and Richard Bell, are also among those to leave the executive group....
...“People are worried across the board,” said Steve Kram, chief executive of investment group Content Partners, LLC, and former chief operating officer of William Morris Agency....
...In the US the Federal Reserve is publishing its third Beige Book of the year, while at the end of the week the Bureau of Labor Statistics issues the state unemployment data for March....
...The houseboats are designed for big groups, and come with waterslides, barbecues and multiple sundecks....
...The industry leader was created in 2009 when William Morris Agency combined with Endeavor, led by Ari Emanuel. The group went public last year and has a market capitalisation of about $10.5bn....
...Smoke signals Cigarette maker Philip Morris International’s quest to buy nicotine pouch maker Swedish Match has run into trouble with hedge funds in search of a bigger payday....
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