Hints and tips:
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...“The fact that there’s not been a mega-deal doesn’t mean it’s going to be a bad year for healthcare M&A; quite the contrary it’s going to be a good year,” said Frank Aquila, senior M&A partner at law firm...
...“The hope is that these recent decisions put non-profits in a more favourable negotiating position vis-à-vis outside investors who are demanding cash pay-offs,” said Robert Rozen, a lawyer who helped design...
...There’s already competition under way between the two camps to finance KKR’s investment in healthcare technology business Cotiviti....
...Gleacher Shacklock, a boutique investment bank, has appointed Anthony Hartley as a partner to build out its healthcare business. He was previously at Citigroup....
...The cost of its legal settlements, which cut into the profit pool shared by partners, was cited by some insiders as one reason why former managing partner Kevin Sneader did not win a second three-year term...
...Meanwhile, Aleph Alpha says that it can give its clients in sensitive industries such as law enforcement and healthcare “sovereignty” and transparency over their use of its AI software....
...group of senior lenders including Strategic Value Partners, Blackstone and Eaton Vance....
...The new AmSurg $1.1bn senior loan was provided by Angelo Gordon, Centerbridge Partners and Pimco....
...That has changed in recent months, with two of Blackstone’s largest rivals in the space — HPS Investment Partners and Blue Owl — already issuing CLOs backed by large private loans....
...The sector has trillions of dollars invested in industries from real estate and healthcare to energy and manufacturing....
...In early March, Carlyle Group appeared close to a takeover that valued healthcare software company Cotiviti at $15bn....
...GIC struck 63 deals involving US-based private companies including in technology, healthcare and property in 2022 and 2021, compared with 39 in 2019 and 2018, according to data by Refinitiv....
...HP’s planned shift to Thailand would also further enhance the tech supplier base in south-east Asia, making it more competitive vis-à-vis China....
...TPG had a partnership with the credit specialist Sixth Street Partners, which the sides terminated in 2020. Shares in TPG rose 2 per cent on Monday....
...“We haven’t really heard much from our clients in the institutional world around BPP vis-à-vis Breit and the [UC],” Gray said when asked if investors had complained about the arrangement....
...Morgan Stanley has hired Credit Suisse’s head of healthcare investment banking for the Americas Ryan Bondroff, Bloomberg reports....
...The group manages $3bn in capital and a portfolio of private holdings in the financial services, healthcare and business services sectors....
...The tea division, which includes the PG Tips and Lipton brands, was sold this week to CVC Capital Partners for €4.5bn....
...Activist investor Nelson Peltz soon after took a stake in Unilever through his firm Trian Partners and gained a seat on the board....
...By removing a bargaining tool lawmakers held vis-à-vis the executive, the decision will weaken the Speaker of the lower house of Congress, Arthur Lira, according to analysts....
...Latham & Watkins has hired Aaron Gilbride as a partner in its investment funds practice, based in Washington, DC. He joins from Davis Polk....
...The US hospital staffing company Envision Healthcare, owned by the private equity firm KKR, has the lowest possible junk-grade credit rating and is at risk of bankruptcy, according to Moody’s....
...The value of KKR’s offer eclipses those deals, bringing it closer in size to Global Infrastructure Partners and IFM Investors’ acquisition of Sydney Airport for $23.8bn, the biggest all-cash takeover in...
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