Hints and tips:
...That fund expects to invest more than $15bn after it taps its own loans from Wall Street lenders....
...Big lenders such as Barclays and Bank of America have been stuck holding loans that they initially intended to sell....
...On Wall Street, you never want the next person to profit off your genius....
...In 2012, Bill Ackman convinced 3G Capital to merge with Justice Holdings, a UK special purpose acquisition company, sponsored by the hedge fund manager, Martin Franklin and Nicolas Berggruen....
...His investment vehicle was ultimately paid $578mn for part of its equity holdings in WeWork....
...” said James Elbaor, the head of Marlton LLC, a Chicago-based hedge fund that is a Pershing Square Holdings shareholder....
...Lewis, 54, has had several high-profile jobs in the media industry, including being editor of the Daily Telegraph, publisher of the Rupert Murdoch-owned Wall Street Journal and chief executive of Dow Jones...
...Wall Street on Ozempic The novel weight loss drug is fuelling wild market predictions, from snack makers pivoting to produce, to airlines saving on fuel because of lighter passengers, The Wall Street Journal...
...Smart reads Blurred lines Two of Abu Dhabi’s biggest banks have reported billions of dollars in loans in recent years tied to their boards that include high-profile royal family members, The Wall Street...
...Five unmissable stories this week Jim Chanos, one of Wall Street’s most prominent bears, is closing his main short-focused hedge funds after more than three decades....
...Law firm Quinn Emanuel Urquhart & Sullivan, which has filed complaints in the Swiss court on behalf of 1,000 investors with more than $6bn of AT1 holdings, could take the unusual step of filing a lawsuit...
...The Pinault family’s holding company Artémis, whose other holdings include a controlling stake in luxury group Kering and auction house Christie’s, plans to use $2.8bn in equity and $425mn in debt to buy...
...And in 2021, Apollo fully merged with Athene Holding, the annuity insurance company it created in the wake of the global financial crisis....
...“Banks are nervous to underwrite single-B credit with M&A timelines which could be six months of holding the risk,” said Lauren Basmadjian, co-head of liquid credit at Carlyle....
...Dealmaking deterrents Japan’s problematic equity “cross-holdings” could hypothetically broker a $20bn takeover “for free”, the FT’s Leo Lewis explains. But the country is only ripe for M&A in theory....
...Scores of Wall Street bankers and lawyers have been spending their time drawing up wacky structures to keep troubled companies on life support....
...Giphy meets its ‘boomer’ fate In addition to holding the rights to this widely recognised meme, Shutterstock has now picked up a whole trove of lowbrow internet humour....
...Silver Lake has bid €2.6bn to buy Germany’s Software AG, a pioneer of the European tech sector that stagnated on public markets until its nascent cloud computing business caught Wall Street’s eye....
...Oaktree Capital is seeking to raise $10bn for a new fund that will help finance large private equity takeovers, taking advantage of a void on Wall Street as other lenders are sidelined....
...The new investment firm will manage a series of assets drawn from ADQ, Abu Dhabi Growth Fund and International Holding Company, a once small company that now dominates the emirate’s stock exchange after...
...Until recently, the assumption across Hollywood and Wall Street was that Disney would buy out Comcast’s Hulu stake next year....
...Wall Street lenders led by Citigroup and Bank of America have been forced to wire a $5.45bn cheque to private equity giant Apollo Global Management to fund its takeover of auto-parts maker Tenneco, cash...
...The Wall Street Journal reported this month on the halt in new Chinese equity investments....
...Now they are knocking on our door,” said one wealth management executive at a prominent Wall Street bank, noting that Blackstone’s success with retail had prompted a wave of copycats....
...Finback was considering buying a stake in Gideon Cyber Systems LLC, according to the term sheet....
International Edition