Hints and tips:
...The WWE-UFC merger is a boon to the advisers in an otherwise slowing market for corporate dealmaking as higher interest rates and economic uncertainty have hurt activity....
...The family lost control of the group after failing to repay bad debts of close to £1.2bn last year to Lloyds Banking Group....
...If Rob’s family is reading, I’d dearly love to see any footage you have of him faceplanting in the snow (as long as he doesn’t really hurt himself; mild physical damage and extreme embarrassment are OK)....
...UK culture secretary Lucy Frazer has issued a public interest intervention notice that has tasked Ofcom with scrutinising the proposed takeover of Telegraph Media Group by RedBird IMI....
...It’s clear the firm feels more confident in its positioning than it did a year ago when it was forced to admit how badly it had miscalculated the pace at which interest rates would rise....
...TPG sold a controlling stake in the talent agency CAA to Artémis, the holding company of the Pinault family, at a $7bn valuation....
...New York-based Schonfeld started as a family office in 1988 with $400,000 that founder Steven Schonfeld earned working as a stockbroker....
...“Tiger Global is operating in-person out of our New York offices, whereas Scott and his family have made their home in Florida and want to stay there.”...
...Ohtani is represented by Creative Artists Agency, the Hollywood talent giant acquired this year by the Pinault family....
...It also follows last month’s move by France’s billionaire Pinault family to buy a majority stake in rival Hollywood talent manager Creative Artists Agency at an enterprise value of more than $7bn....
...The growing gap between Endeavor and the value of its assets was made even clearer following the acquisition of talent agency rival CAA by Artémis, the family holding company of French billionaire François-Henri...
...ESG ratings: whose interests do they serve?...
...The Pinault family’s deal values CAA’s equity at $5.4bn. When accounting for its debt, the company is valued at more than $7bn....
...A more benign version of perpetual life is envisioned in the book and 2002 film Tuck Everlasting, about a family that accidentally lives forever....
...Lawyering up In addition to his father’s media empire, Lachlan Murdoch also stands to inherit the barrage of legal proceedings hanging over the family business, the FT reports....
...“Artémis’s interest in CAA is about geographic diversification . . . for a portfolio that has been largely European....
...News UK, the Murdoch newspaper group, has also registered an interest in the sale, with those close to the group saying Rupert Murdoch would be most interested in the Spectator magazine....
...The buyout industry is confronting its toughest conditions in years as higher interest rates drive up the cost of buying companies and a sluggish market for initial public offerings and a slump in takeovers...
...for us to invest alongside another firm but we have a special relationship with Silver Lake,” said Gregg Lemkau, co-chief executive of BDT & MSD, which manages more than $50bn in assets for founders and family...
...Schonfeld began life in 1988 as a family office managing the money of founder Steven Schonfeld, a former stockbroker, and did not open up to external investors until 2015....
...At the same time, cash interest payments will be deferred for two years....
...Lisa Opoku, who led the Goldman Sachs Partner Family Office....
...It turned out that Moshfegh’s interest in fashion was reciprocal....
...Centerview has disputed his claims, responding that Handler was already paid hundreds of millions of dollars and that by leaving the firm, he had forfeited any interests he had....
...Smart reads (Another) family feud A succession battle is brewing at The Times of India, where the ruling Jains have become the latest influential Indian clan to wrestle with the challenges of family, money...
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