Hints and tips:
...Nestled at the top of a hill and shrouded behind trees and fences, Son’s European-style villa is now mostly hidden from passers-by....
...Financial pressures on the company were exacerbated by the Covid-19 pandemic....
...The lack of leverage is expected to offer financial flexibility for new growth investments....
...TPG, CAA and Artemis declined to comment on financial details....
...Mubadala has other investments in the US, which include a stake in US private equity firm Silver Lake thanks to close relations between its co-chief executive Egon Durban and Mubarak....
...During the two deals, Dell and Silver Lake tangled with activist shareholders like Carl Icahn and resorted to heavy financial engineering....
...But, amid all of these financial gymnastics, Silver Lake and Michael Dell did not extract cash from the deal....
...future shareholders of ARK ETFs can remain invested in disruptive innovation in a compounded fashion, without being taxed, for potentially two more years or longer,” said an Ark research note by director of financial...
...Earlier this year, Durban told the Financial Times the private equity group had decided to focus its efforts on larger takeovers as public markets have become dislocated....
...Firms including EQT, Cinven and Silver Lake have in the past few months either taken private or considered buying back public companies they owned or in which they held a large minority stake....
..., according to Financial Times calculations....
...Armed with that knowledge about how to “reframe” failure, the Harvard Business School professor was braced to be a runner-up at the Financial Times and Schroders Business Book of the Year ceremony on Monday...
...And there there is some research that says that bronze medallists are happier than silver medallists because the silver medallists can’t help themselves from framing the medal as a not gold, whereas the...
...In today’s newsletter: DD chats with Silver Lake’s Egon Durban Private credit pounces on loan deals Silver Lake prepares for big ‘all-in’ bets US private equity group Silver Lake is up to big things....
...Andrew HillHello, and welcome to Working It from the Financial Times. I’m Andrew Hill, standing in this week for Isabel Berwick....
...However, as Agrawal notes, for the Mangs these investments are as much strategic as financial. This financial flexing seems to be rattling some old-school VCs....
...“If you see us invest right now, by definition it will be a big all-in bet,” Durban told the Financial Times in a rare media interview....
...The group’s shareholders should gear up for a fight with Silver Lake and Emanuel, Lex argues....
...Separately Teddy Desloge has been named chief financial officer of Blackstone’s secured lending fund among other new appointments....
...Private lenders including Ares Management, Oak Hill and Blue Owl stepped in to provide a $4.8bn senior private loan....
...In an interview with the Financial Times last year, Kanter warned that the DoJ would crack down on private equity groups rolling up swaths of the American economy....
...If the starting prices in Beverly Hills of $10mn are any indication, they’re succeeding....
...The merger draws a line under months of uncertainty for Beverly Hills-based PacWest, which like SVB has close ties to the California tech community, had a large proportion of uninsured deposits and paper...
...Blue Owl, Ares, Oak Hill, HPS Investment Partners, Oaktree and Elliott Management were among the investors that agreed to lend the $4.8bn this week....
...By Tuesday, Silver Lake, Blackstone and Apollo Global had announced big acquisitions, signalling confidence that the financial sector had avoided a freefall scenario after the failures of Silicon Valley...
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