Hints and tips:
...Evercore v Lazard: the boutique turf war Boutique investment bank results are streaming in, and with two of the biggest advisory shops posting their annual figures, we thought it might be a good time to...
...Whole Foods has hired Evercore to advise it on a strategic review of its business operations, which could include exploring a sale, said one person close to the company, based in Austin, Texas....
...Kroger, one of the world’s biggest supermarket chains, had 9.2 per cent wiped from its share price to $22.29....
...The decision in the case, Fisher v University of Texas, “was really significant in that it was really unexpected....
...The overturned convictions of Messrs Newman and Chiasson have already had an effect on other cases....
...Defence lawyers hinge their argument on a leading 1983 Supreme Court decision called Dirks v. SEC....
...Annualised returns ranged from 200 per cent at Herbalife, the nutritional supplement seller, to minus 81 per cent at Dynegy, the Texas power company that failed to find a buyer and collapsed into bankruptcy...
...However, TPG V – which began investing in 2006 and is one of TPG’s largest funds with $15bn in commitments – has suffered from very poor performance....
...Today, the group’s flagship TPG V fund is still valued at less than 100 cents on the dollar, as several investments of more than $1bn in equity such as Washington Mutual and Aleris have already gone bust...
...For example, it combined with KKR and Goldman Sachs to buy TXU with only a sliver of equity in a deal that put an enterprise value of $48bn on the Texas utility....
...For example, its $17.4bn TPG V fund was valued at less than 100 cents on the dollar at the end of 2010....
...Mr Hicks bought the team in 1998 for $250m and is due to sell the club to Texas Rangers Baseball Partners for $575m.Related link: Hicks’ run at Texas Rangers at an end June 2010 Mr Hicks and Mr Gillett...
...He said credit markets had come back sharply in a V-shaped recovery....
...“People are conditioned to expected V-shaped declines and recoveries,” Howard Marks of Oaktree Capital Management told investors in August. “But it doesn’t have to be that way....
...Huntsman is still seeking damages of more than $3bn in Texas against Apollo and its partners....
...Dan Newman, a spokesman for the Enron plaintiffs’ law firm Lerach Coughlin, says he hopes the Supreme Court will ignore the solicitor-general’s refusal to file a brief....
...In February, JPMorgan and others agreed to finance the $45bn buy-out of TXU – the largest ever announced – for Kohlberg Kravis Roberts and Texas Pacific Group, and bigger deals seemed inevitable....
...Texas Pacific Group raised close to $15bn, while Permira of the UK will soon reach an €11bn target....
...Texas Pacific Group raised close to $15bn recently, while Permira of the UK will soon reach an €11bn target....
...Kroger, the largest US supermarket chain, had been contemplating an offer for all of Albertson’s but recently decided against such a move....
...But by Thursday afternoon, only one credible offer for the whole company, from a consortium including Apollo Management, Kohlberg Kravis Roberts, and Texas Pacific Group, had been tabled - and at a price...
...It says 48 suppliers are currently participating in its pilot progamme, centered on stores and a distribution centre in Texas....
...It may also look at launching on the LSE a second oil-tracking fund, to follow the US benchmark price, West Texas Intermediate. It keeps him busy Reuters boss endorses Bloomberg, shock!...
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