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...General Atlantic’s expansion push comes as some prominent private equity groups consider public listings, while others sell to strategic partners with broader financial resources....
...The two investment groups began talking about a strategic partnership nearly two years ago but that conversation foundered over competing visions, according to at least five people briefed on the talks....
...“Now there are lots of strategic opportunities open for us, for both organic and inorganic growth,” Okman added. Warburg is a “top-tier partner that can support us in the next stage”, he said....
...Barclays analysts see £2bn as “an extreme worst case”, and expect a gradual share price recovery in the coming months....
...But he later fell out with his cousin Evelyn de Rothschild over the strategic direction of the bank, and struck out on his own in 1980....
...Spirent, which sells equipment to test telecoms networks, is a good strategic fit. Products are complementary, meaning they can be cross-sold to the two groups’ existing customer base....
...The price is a 55 per cent premium to where Endeavor’s stock was trading in late October, when the sports and entertainment business led by Ari Emanuel said it was exploring strategic alternatives....
...for the entertainment group are “superior”....
...machine is slowly revving up again, driven by blockbuster deals — those worth more than $10bn — which more than doubled in the first quarter of 2024 compared with last year, signalling the earliest signs of recovery...
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...All three groups declined to comment....
...The Houthi rebel group claimed responsibility for the attack on Wednesday evening local time....
...“The earnings downgrade cycle continues at Kering and Gucci, and we find it hard at this stage to have some visibility on the path to recovery,” wrote Carole Madjo at Barclays....
...Back in Taipei, Acer chairman Jason Chen is also looking for signs of a recovery, in this case in the PC market....
...In our high-yield business, we generally have experienced about a third of the market’s defaults, and we have outperformed the market in terms of recoveries given default. So credit selection matters....
...(Lex this week wrote about European banking and the sector’s bid to be deemed “strategic”. Find out more here)....
...US private equity group Silver Lake is considering taking Endeavor Group private, with a potential deal for Ari Emanuel’s Hollywood talent agency that would be one of the year’s largest buyouts....
...Below is a small representative group that, just on the numbers, caught my eye....
...Ari Emanuel’s Endeavor Group, the sprawling entertainment conglomerate, may soon go private. One might ask why it went public at all....
...These include electric vehicle supply chains, manufacturing, strategic mining companies and a group of smaller cross-border ecommerce companies that are copying the model of Shein, which was privately valued...
...Rising public equity market valuations and demand from credit funds to make new loans are fuelling a recovery in activity....
...In the pandemic, they showed strategic thinking by creating the Recovery and Resilience Facility, a separate one-off budget almost as big as the regular one....
...Private equity firms that buy out companies are taking advantage of a recovery in global corporate bond and loan markets, after the Federal Reserve signalled that inflation had been sufficiently tamed for...
...A strong Chinese recovery could also challenge the recent performance dominance of US equities, either directly or indirectly via Japanese or European assets....
...You may disagree with her strategic decisions, but John Lewis was arguably less in desperate need of change than M&S and its staff were probably less ready to accept it....
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