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...The bid for the site from Blackstone underscores the intense interest among property investors and tech companies to invest in data centres....
...“I would always be cautious about any company that does not have its dividend covered,” said Nate Koppikar, a partner at hedge fund Orso Partners, which has bet against Blackstone shares....
...Treasure chest Shareholders are starting to ask questions over who really owns the art on companies’ balance sheets, the FT’s Leo Lewis writes....
...Private equity groups such as Blackstone expect that falling interest rates will spur an increase in dealmaking that will allow the industry to exit $3tn of unsold private company investments....
...This investment vehicle aims to make the classic private equity strategy of buying companies, loading them up with debt and then turning them around, available to smaller investors....
...Top of this list may be Vivendi, the billionaire Bolloré family’s holding company, which has voiced its opposition over the price KKR will pay....
...“Putting people on a board unnecessarily can harm a company. I don’t know why shareholders would take that risk,” he added....
...Because a company can file bankruptcy in whatever district any one of its dormant shell company affiliates first files bankruptcy....
...While conventional energy companies such as Shell are focused on changing how energy is supplied, KKR could also invest in areas including vehicle electrification, hydrogen consumption and battery systems...
...The company also raised a $725mn fixed-rate loan with a coupon of 7.63 per cent....
...It would be watching the company’s performance and “focusing on its continued success”, it said....
...company said....
...Last week, the FT revealed that various companies in the group had been pledged as collateral to the new debt provided by IMI....
...Esken has maintained that the accusations were unfounded, and its chair accused the private equity company of wanting to pick up the airport at a knockdown price....
...But the private capital boom is echoing his world: entrepreneurs such as Elon Musk are building vast privately held companies, as “unicorns” (private companies with $1bn-plus valuations) multiply....
...“Once companies, especially financial services companies, get to the $50bn market cap, their stock performance suffers,” Nuttall said. “Investor returns become more anaemic. Their growth slows.”...
...This time, he’s back in a partnership with Ike Perlmutter, a large Disney shareholder and former Disney executive who holds 25.5mn shares in the company....
...And as a company that controls a third of all the world’s music, it might also be wary of raising antitrust concerns....
...Iger has also drawn endorsements from heirs of company founders Roy and Walt Disney in recent weeks....
...The valuation obtained is ever more remarkable when you consider that the £502mn Carlyle paid for Jagex (according to the holding company’s accounts) consisted primarily of £341mn for the company’s “brand...
...“Disney has lost its way,” Trian wrote in a letter to the company’s shareholders....
...For evidence of the latter, look no further than Australia’s Accolade Wines, the fifth-largest wine-producing company in the world by volume....
...TPG sold a controlling stake in the talent agency CAA to Artémis, the holding company of the Pinault family, at a $7bn valuation....
...“With buyouts, [we can] hunt for companies in the $5bn range . . . what you’ll see us doing . . . is start to do bigger deals and deploy more equity.”...
...Separately, Morgan Stanley’s credit arm last month committed $700mn to buy song copyrights with music company Kobalt....
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