Hints and tips:
...Apollo Global Management improperly agreed to pay $570mn to cover the tax bills of its top executives as part of a shake-up aimed at distancing the private equity firm from its scandal-plagued founder Leon...
...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....
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...Apollo told him: “Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management...
...It also borrowed against its management company two years ago to raise $930mn, most of which was to invest in future funds, the FT previously reported....
...FT Live event: Future of Asset Management Asia The Future of Asset Management Asia is taking place for the first time in-person on 11 May at the Westin Singapore and will bring together Asia’s leading asset...
...Smart reads Tax-receivable tiff Court cases allege that private equity giants used obscure tax deals to enrich executives at shareholders’ expense, The Wall Street Journal reports....
...It is also the second-largest shareholder in City Football Group, the owner of Manchester City, which is controlled by Sheikh Mansour bin Zayed Al Nahyan, the billionaire Abu Dhabi royal....
...to the end of the company life of SVF2 LLC....
...Whichever way, revenue is booked as receivables and squared off against payables, but no money ever has to change hands....
...kadhim@ft.com / sid.v@ft.com...
...Earlier this year Charlie turned his ire towards a phenomenon his partner Warren Buffett has frequently praised....
...Nationalisation risk: ⚽ Manchester CityCity Football Group owner Sheikh Mansour bin Zayed Al Nahyan is well known....
...This exhibition at the V&A invites us into the opulent world of master goldsmith Carl Fabergé and his London clientele....
...He aired the plan with senior figures at three big investment groups: Apollo Global Management, Blackstone and Brookfield Asset Management, according to Congressional investigators....
...In a statement, Puma said that “we fully trust the management of Manchester City and are convinced that these accusations will be cleared”....
...Firstly, companies will probably ‘kitchen sink’ their results with write-offs of receivables, unsold inventories and perished products....
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
...Eventually, the OAG notes, the group ended up being banked by a subsidiary of a New York-based entity named Noble Markets LLC....
...Apollo Global Management and Värde Partners are making a big bet on America’s subprime borrowers, spending $1.4bn on Fortress's stake in OneMain, a consumer lender that has been expanding rapidly....
...“The real concern for most companies contemplating an IPO isn’t the challenge of going public, it is the obligations and opportunities that come with being public,” said Lise Buyer, a partner at Class V...
...Challenger was the investment vehicle of Qatar’s prime minister at the time, Sheikh Hamad bin Jassim bin Jabr al-Thani. The investors have not been accused of wrongdoing....
...They were due to have dinner with Sheikh Hamad bin Jassim bin Jabr al-Thani, at the time the Gulf state’s powerful prime minister....
...Another firm, V Krishnan & Co, was appointed auditor on the 28th....
...Following these discussions, the Silver Lake/Warburg Pincus Consortium proposed to alter its per share purchase price in light of the updated capitalization information provided by the Company’s management...
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