Hints and tips:
...“Those market share gains are lasting but it ebbs and flows.” The gulf between the two worlds had not been this wide in at least a decade, said Khoda....
...“Disney’s content and technology strategies are weak and its lack of transparency is stark,” the firm said in its letter to the entertainment company’s shareholders....
...Uncertainty around the order has curtailed American LP interest in China....
...More than $175bn poured into more than 156 infrastructure funds in 2022, mainly early in the year, as investors sought out uncorrelated returns and stable cash flows associated with the sector....
...There’s already competition under way between the two camps to finance KKR’s investment in healthcare technology business Cotiviti....
...But for Bain multiples are: essentially a math issue: When rates go down, multiples of cash flow go up, and vice versa How about operating margin improvement?...
...“With high barriers to entry, durable cash flows and a churn of students of 10 per cent a year, it’s hard to not see how education fits pretty squarely in the centre for us,” he said....
...Analysts forecast the group will generate €300mn in average annual free cash flow in 2024-2026. Shareholders are expected to approve the rights issue at next month’s extraordinary meeting....
...But its aggressive investment pace as the market was nearing its peak means the group is vulnerable to a reset in technology valuations in a world of higher rates....
...This is, at least in part, because money will flow into the energy transition. “There are huge structural tailwinds,” Lucas said....
...Look at Google, where free cash flow at parent company Alphabet exceeded $60bn in a single year. Future investors in OpenAI may balk at the idea of a profit cap....
...He added that the group expects to announce large deals to build data centres for technology giants aiming to compete in artificial intelligence products. The pitch failed to stem a tide of outflows....
...“Over the past couple of years Sequoia has faced a lot of pressure from the US side on its China business,” said one consultant to LPs in China....
...Bravo said he expected Thoma to buy up a number of software businesses in the UK and separately predicted the technology-focused buyout firm would eventually clinch a takeover worth more than $20bn....
...The partnership is expected to bolster Intel’s free cash flow by $15bn over the next several years, it said....
...Ahmet Yetis, a managing director at Evercore, told the conference panel about some “cutting edge technology that we’re working on”....
...Clayton, Dubilier & Rice has appointed Michael Lamach, the former CEO and chair of Trane Technologies, as an operating adviser to CD&R funds....
...Distributable earnings — a metric favoured by analysts as a proxy for cash flow — were up 63 per cent to $1.9bn since the same time last year, which equates to $1.55 a share....
...But some have questioned the relevance of its technology, according to a Wall Street Journal investigation....
...I want to understand their cash flow positions and plans for the best- and worst-case scenarios....
...US private equity group TPG is spotting increasing opportunities to invest in fast-growing technology companies after the sector was hit hard at the start of the year by investor fears over rising interest...
...Many prominent technology stocks have performed far worse....
...REITs avoid corporate tax by distributing most of their cash flow each year to shareholders. American Tower is a REIT....
...“I’ve never seen this type of deal flow,” said Carl Muhlstein, managing director at JLL....
...They generate consistent cash flows, are diversified, and relatively uncorrelated to financial markets or the global economy....
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