Hints and tips:
...real buy in from management because they’ve been doing things their own way and it hasn’t worked to unlock the full potential of the company,” said David Scudellari, head of private equity and credit at PSP...
...Ares, Blackstone and PSP Investments will provide the majority, with Thoma Bravo’s own lending arm making up the difference, according to people familiar with the matter....
...Alphaville was recently flipping through the Paycheck Protection Program (PPP) data dump from the US Treasury and came across loans for two entities called Delight Holdco I LLC and Delight Holdco II LLC....
...But the question we raised is does franchising success ultimately rely on two of America’s most acute pathologies: excessive leverage and exploiting cheap labour?...
...It fended off bids from HNA, China’s aviation and shipping conglomerate, and a rival Canadian consortium led by PSP Investments, according to people familiar with the matter....
...Part of the debt financing came from PSP, a Canadian pension fund, which provided $1bn....
...Royal Bank of Canada, Barclays Corporation, as well as fund managers CI Investment, IGM Financial and PSP Public Markets, have all signalled their commitment to be founding shareholders....
...private equity firm and Accor shareholder, had been pressing the group to go faster in its embrace of an asset-lite model, in which hoteliers sell off properties and concentrate on their management and franchising...
...The company acknowledges that if its new investments are not getting results within a year to 18 months, it will look to joint ventures, re-franchising of bottlers or even disposals....
...more than a dozen countries and are leading change in the way many industries, like healthcare and insurance, leverage data assets,” said Penny Pritzker, chairman of TransUnion’s board of directors and PSP...
...The rest is owned by PSP, a Canadian public sector pension fund. BAA, which is controlled by a consortium led by Spain’s Ferrovial, also owns Aberdeen Airport....
...The main difference really is giving the RHQs more autonomy, for example, the colours of the PSP....
...The PSP features a wi-fi connection but no internet browser....
...But he also cautioned that the “defeat” in Texas did not mean the end of state-wide franchising....
...London & Boston Investments climbed 46 per cent to 7.12p, as it announced plans to float its private property search subsidiary PSG (Franchising) at £15 to £18m....
...The group has been selling hotels for several months as it moves to a business model based on hotel management and franchising rather than asset ownership....
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