Hints and tips:
...Rashid, who had been fired from Apollo and repaid the expenses, offered an intriguing defence: He said he believed Apollo, not the funds, was reimbursing him for, among other things, restaurant boondoggles...
...It’s rare for buyout partners to become executives of the companies they own. Cutting costs, 3G sold off the 1,300 company-owned restaurants to franchisees....
...Apollo has done deals in the restaurant and entertainment sector before but has largely focused on companies in North America. Among its past investments are the Chuck E. Cheese restaurant chain....
...The transaction will see existing shareholders, including Swedish investment firm Valedo Partners, cash out....
...The shape of our business, particularly our willingness to do very large investment-grade transactions, has made us an indispensable partner, and I do mean partner with the banking system....
...“Years later, I get to be [McMahon’s] partner....
...Restaurants have used the scalability of online ordering to grow beyond the constraint of table covers using services such as Deliveroo and UberEats....
...In July, Netflix announced it would partner with Microsoft to build an advertisement-supported tier of its streaming service....
...This company shares a Russian director with “Velada LLC”, which was granted a concession by the Assad regime in Syria to explore for oil and gas....
...Fortress also owns the US restaurant group SPB Hospitality and this month took a majority stake in the Irish hotel company Prem Group....
...HSBC has hired Sarah Wiggins, a partner at Linklaters, to a new role as vice-chair in its global banking division....
...Jeanne Christensen, a partner at Wigdor who represents Ganieva, countered that Black’s lawyers were the ones who filed the motion to which her firm was responding....
...Jack Dorsey’s departure from the social media group last week, egged on by Elliott’s managing partner Jesse Cohn, twisted the knife even further....
...Raised in the Chicago suburbs, the son of a restaurant owner, he wound up in the Bay Area almost by accident....
...“It was the brainchild of my founding partner, Marc Rowan,” Black has said....
...In Miami, he enjoyed a $143 dinner with friends at high-end Asian restaurant Hakkasan....
...Last month it acquired the restaurant chains Ask and Zizzi in a £70m prepack administration deal that led to 1,200 job losses....
...Securing a global tech partner “was an absolute must for him,” said Anshuman Mishra, who advises Ambani on international dealmaking. “He needed a big play.”...
...The younger Mr Milken, 43, was a senior partner at Apollo in its core private equity business, which manages $72bn....
...FrontWell Capital Partners has hired Aubrie De Sylva as vice-president of its deal originations team....
...For two decades, Apollo has been dominated by a ruling triumvirate led by Mr Black with his partners Marc Rowan and Josh Harris....
...Customers visiting public venues such as pubs and restaurants will be able to scan an official QR code on their phones, which will store the venue information....
...“Essentially your entire PE, VC industry comes to a grinding halt,” said Rehan Yar Khan, managing partner at Orios Venture Partners, who had just raised a fund with commitments from investors in Hong Kong...
...King & Wood Mallesons has hired Jake Robson as an M&A partner in its Singapore office. Robson was formerly at Morrison & Foerster....
...The company has increased manufacturing capacity by increasing shifts at its existing plants and has announced a partnership with leading US meat processor OSI Group....
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