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...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....
...UBS also sees some value in keeping parts of the now defunct Credit Suisse’s investment banking unit. “We assume [Klein] is cherry picking....
...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....
...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....
...The financials and AI investment plans of Google and Microsoft had been in particular focus in light of the experience of rival Meta....
...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....
...Raine also advised both sides as Nassef Sawiris and Wesley Edens welcomed new investment from investment firm Atairos into V Sports, the owner of Aston Villa, just days before Ratcliffe struck his agreement...
...Additional reporting by Stephen Morris and George Hammond in San Francisco...
...“You’re going to see us do . . . a handful or two of large, really important investments a year and that’s it.”...
...Georg Schubiger, head of wealth management, and Christel Rendu de Lint, head of investments, will become co-CEO of the Swiss investment manager from January....
...But these days, Villa is valued at more than £500mn after Sawiris and Edens agreed the sale of a minority stake in their V Sports vehicle to US investment firm Atairos in December last year....
...Sink or swim Thames Water is treading for its life. FT Alphaville dives into its murky finances....
...A gambit to raise cash for US rival Carlyle Group’s latest buyout fund has come up short....
...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....
...Wood remains Ark’s chief investment officer, as well as portfolio manager on the actively managed funds. In June, Sam Korus and Nicholas Grous were appointed associate portfolio managers....
...More to the point, the bottom of the market looks like a sensible place to sink financial and personal capital into an independent investment bank....
...“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....
...The five-night circuit begins and ends at Lama’s family home, The Happy House, where guests can sink into yoga, massages, delicious food and local monastery visits....
...His mistake was to make big bold bets that could sink a fund if they went wrong....
...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....
...These include the $12.1bn lost by investment group Bridgewater in 2020 during the market tumult caused by the coronavirus pandemic, or Melvin Capital’s loss of approximately $7bn during the GameStop retail...
...Lawyers arrived in groups, trading gossip in hushed murmurs, occasionally breaking into laughter....
...Although many banks and investment groups have “no-deforestation” policies, they can be limited in their scope....
...As Mercedes Ruehl reports from Singapore, the tech giants are planning a new undersea cable to connect Japan with south-east Asia as the Silicon Valley groups boost investment in internet infrastructure...
...groups....
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