Hints and tips:
...Evercore v Lazard: the boutique turf war Boutique investment bank results are streaming in, and with two of the biggest advisory shops posting their annual figures, we thought it might be a good time to...
...Whole Foods has hired Evercore to advise it on a strategic review of its business operations, which could include exploring a sale, said one person close to the company, based in Austin, Texas....
...Kroger, one of the world’s biggest supermarket chains, had 9.2 per cent wiped from its share price to $22.29....
...Annualised returns ranged from 200 per cent at Herbalife, the nutritional supplement seller, to minus 81 per cent at Dynegy, the Texas power company that failed to find a buyer and collapsed into bankruptcy...
...However, TPG V – which began investing in 2006 and is one of TPG’s largest funds with $15bn in commitments – has suffered from very poor performance....
...Today, the group’s flagship TPG V fund is still valued at less than 100 cents on the dollar, as several investments of more than $1bn in equity such as Washington Mutual and Aleris have already gone bust...
...For example, it combined with KKR and Goldman Sachs to buy TXU with only a sliver of equity in a deal that put an enterprise value of $48bn on the Texas utility....
...For example, its $17.4bn TPG V fund was valued at less than 100 cents on the dollar at the end of 2010....
...Mr Hicks bought the team in 1998 for $250m and is due to sell the club to Texas Rangers Baseball Partners for $575m.Related link: Hicks’ run at Texas Rangers at an end June 2010 Mr Hicks and Mr Gillett...
...He said credit markets had come back sharply in a V-shaped recovery....
...“People are conditioned to expected V-shaped declines and recoveries,” Howard Marks of Oaktree Capital Management told investors in August. “But it doesn’t have to be that way....
...Huntsman is still seeking damages of more than $3bn in Texas against Apollo and its partners....
...In February, JPMorgan and others agreed to finance the $45bn buy-out of TXU – the largest ever announced – for Kohlberg Kravis Roberts and Texas Pacific Group, and bigger deals seemed inevitable....
...Texas Pacific Group raised close to $15bn, while Permira of the UK will soon reach an €11bn target....
...Texas Pacific Group raised close to $15bn recently, while Permira of the UK will soon reach an €11bn target....
...Kroger, the largest US supermarket chain, had been contemplating an offer for all of Albertson’s but recently decided against such a move....
...But by Thursday afternoon, only one credible offer for the whole company, from a consortium including Apollo Management, Kohlberg Kravis Roberts, and Texas Pacific Group, had been tabled - and at a price...
...It says 48 suppliers are currently participating in its pilot progamme, centered on stores and a distribution centre in Texas....
...It may also look at launching on the LSE a second oil-tracking fund, to follow the US benchmark price, West Texas Intermediate. It keeps him busy Reuters boss endorses Bloomberg, shock!...
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