Hints and tips:
...Now the Artemis deal, which is expected to close by the end of the year, values the agency at more than $7bn, including debt....
...“They do not want to be left holding junior capital. The recent crisis with Silicon Valley Bank and the regional banks will make it even more of a focus for banks to be cautious.”...
...The luxury cruise sector is growing three times faster than the industry at large, nearly doubling capacity by 2028, according to an Oxford Economics report from last September....
...He contended with a bout of polio as a child before attending Eton College and Oxford university. Naturally, he began his career at the family bank NM Rothschild....
...The deal allowed Credit Suisse to cut its holdings of such assets from $75bn to $20bn. Apollo rebranded the business as Atlas....
...TPG sold a controlling stake in the talent agency CAA to Artémis, the holding company of the Pinault family, at a $7bn valuation....
...Trading conditions are OK, but well, not great, and the basis trade has (probably) hit new size records lately, as this Oxford Economics charts shows....
...These “linkers” may complement your gold holdings too....
...Koenigsberger added that investors in emerging markets should emulate allocators in developed markets and build up their private market holdings....
...In 2010, led by 3G partners Schwartz and Alex Behring, 3G bought Burger King for $4.1bn, including debt....
...The role of the fiscal watchdog in holding the government to account should also be strengthened....
...Saunders said it was “undesirable” to count the BoE’s losses in the public debt measure used for the fiscal rules....
...The scooter business said in December it would seek to raise Rs55bn ($661mn) in the IPO, with proceeds being used to build a battery factory in India, fund research and development, and pay off debts at...
...Large banks like Goldman Sachs and JPMorgan have long provided NAV loans, but there has been a growing number of lenders entering the space broadening the usage of the debt....
...The pair have bought minority holdings in Clipway, a firm set up by former Ardian senior investor Vincent Gombault....
...More than $9bn in legal claims have been filed, largely by debt investors who lost out when Credit Suisse debt was marked down to zero to make the rescue more palatable for UBS....
...Public relations firm Teneo has acquired debt and restructuring advisory Herter & Co, resulting in the Frankfurt-based firm’s team — led by Marcel Herter — joining Teneo’s financial advisory business....
...“Banks are nervous to underwrite single-B credit with M&A timelines which could be six months of holding the risk,” said Lauren Basmadjian, co-head of liquid credit at Carlyle....
...The transaction is a new chapter for the Pinault family’s holdings, which have largely focused on the luxury industry in the past decade....
...The Pinault family’s holding company Artémis, whose other holdings include a controlling stake in luxury group Kering and auction house Christie’s, plans to use $2.8bn in equity and $425mn in debt to buy...
...In 2012, the US casino operator floated a 1.4 per cent stake in New York after a debt restructuring. They leapt 71 per cent on debut....
...Buyout groups as a result are holding on to some businesses for longer than expected — and confronting debts that would have been managed by new owners after a sale. Vista is not alone....
...The insurance units are required by state regulators to invest the vast majority of their holdings in investment-grade rated debt, to safeguard policyholders....
...Several prominent distressed-debt investors have accumulated positions in SVB Financial Group’s securities....
...— In 2022, Fintech Holdings Ltd. acquired a troubled Puerto Rico bank, renaming it Hamilton International Reserve Bank LLC (“HIRB”)....
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