Hints and tips:
...But this time it is trading volumes, rather than share prices, that are soaring....
...KPMG sold the insolvency and restructuring business to private equity group HIG Capital in 2021....
...Alongside Warburg, a group of older private equity managers such as Clayton, Dubilier & Rice, CVC Capital Partners, TA Associates and GTCR have all recently closed large funds above their targets....
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...However, a rule that requires steep redundancy payouts is proving the latest thorn for US banks in France’s capital....
...Highlights The film producers behind Netflix’s Drive to Survive, the docuseries that helped revitalise Formula One, are raising around £30mn from George Pyne’s Bruin Capital, the FT exclusively reported...
...Those efforts have proved even more crucial since Russia’s full-scale invasion of Ukraine sent oil prices soaring last year, leaving energy groups flush with cash for dealmaking....
...The IPO market has stirred back to life in recent months after soaring interest rates and sinking valuations put an end to a previous boom in 2020 and 2021....
...“It’ll be different for different companies,” says Adam Pollard of the Wood Mackenzie research firm....
...While the cash is a nice windfall in an otherwise tight time, a bigger pot comes from the soaring value of the agency during its 13 years of ownership under US private equity firm TPG....
...On Thursday, Rowan warned of a bleaker future for the buyout industry, as dealmakers are forced to work overtime for their gains, instead of riding a wave of cheap money and soaring valuations....
...Oaktree Capital is seeking to raise $10bn for a new fund that will help finance large private equity takeovers, taking advantage of a void on Wall Street as other lenders are sidelined....
...It was mostly assembled in the early parts of the year when soaring interest rates and a spreading US regional banking crisis put M&A markets on ice....
...Blackstone’s credit arm has hired Jane Bradshaw, previously Morgan Stanley’s co-head of leveraged debt capital markets, as a managing director and European head of capital markets in London....
...The downbeat outlook cuts against a rally that has sent major global stock benchmarks soaring this year, as sliding inflation figures give investors confidence that the Fed could soon stop lifting interest...
...Like Hertz, Carvana had found itself propelled by American consumers flush with stimulus cash and a dearth of vehicles, which sent rental car rates and used car prices soaring....
...For centuries, it was the unconsidered capital of an insignificant nation....
...He speaks in a precise monotone, notably devoid of the soaring rhetoric of the crusading lawyer. “I’m not an ideologue,” Wigdor says....
...Albertsons, which is backed by private equity group Cerberus Capital, explored a tie-up with Whole Foods in 2017 but walked away from a deal because of regulatory concerns and price....
...Despite generating record profits from soaring oil and gas prices, the value of energy majors’ legacy businesses has become more uncertain as pressure mounts on fossil fuel producers to curb output....
...As always you can reach me at sid.v@ft.com....
...The bets come during a tough year for global markets as central banks tighten the ultra-loose monetary policy of recent years in an effort to tackle soaring inflation....
...Share your ideas with us at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...group Tikehau Capital....
...With a paucity of top trading talent available, wage costs throughout the industry are soaring....
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