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...“Any new financial investment would serve to further strengthen the company as we exit from bankruptcy.”...
...Learfield operates in the middle of the business of college sports as they become an increasing important source of revenue for campuses....
...His investment vehicle was ultimately paid $578mn for part of its equity holdings in WeWork....
...Will that spell the end for private credit’s golden era?...
...The beating also meant the fund became overexposed to tens of billions of dollars in private investments after it backed hundreds of such companies....
...But it was his early career as a lawyer in Australian rugby league that provided the blueprint for the Barings raid, which has given Weightman a whole team of private credit experts for his nascent investment...
...A speedy bankruptcy in China Until last summer, there was little mention of China’s vast shadow banking industry when it came to the country’s real estate slowdown....
...and bankruptcy information provider at about $1.3bn....
...Bankruptcy fee bonanza Rite Aid advisers raked in millions through bankruptcy. Opioid victims are braced for nothing, Bloomberg writes....
...As a result, the shift that we’re seeing in business processes for regional banks is actually more pronounced outside of real estate than in real estate....
...Companies rated single-B and below have $200bn in debt due in 2024-25 and about $1.1tn in 2024-28, and some dealmakers believe a wave of bankruptcies and firms turning over their investments to their lenders...
...Evoque itself recently acquired a private equity owned rival out of bankruptcy....
...the company comes out of bankruptcy....
...“A DIP is needed in bankruptcies and maximises overall value of estate,” said one lawyer not involved in the Yellow situation....
...trades (FT) Golden Goose: polished valuation aims to capitalise on derelict chic (FT) MPs call for national security check of Telegraph deal (FT)...
...But for the relatively small number of objectors to the deal, the practice, if allowed by the Supreme Court, will deny them a chance to keep chasing the Sacklers for damages....
...The two investment firms declined to comment for this article....
...Amherst Group, a real estate investment company, has hired Evan Levy as a vice-chair and member of the executive committee. He was previously co-head of real estate at Weil....
...The growing gap between Endeavor and the value of its assets was made even clearer following the acquisition of talent agency rival CAA by Artémis, the family holding company of French billionaire François-Henri...
...Hines, the global real estate investor has appointed John Carr as chief financial officer for Europe, succeeding David Braaten, who will retire....
...Neumann wants to buy WeWork out of bankruptcy, and SoftBank, as one of the company’s largest creditors, has to entertain the idea....
...It has been talking with investment banks including Evercore, Goldman Sachs and Morgan Stanley over its future strategy at a time when a golden era for private equity fundraising and dealmaking has ended...
...Pushing for lasting change is a wiser route than chasing blockbuster victories, especially with a fierce presidential election just around the corner. What now for the ‘golden age’ of private credit?...
...Plus, with the golden age of private equity coming to a close, the environment will be tougher for everyone involved....
...Barclays has named Ricardo Fernandez as head of investment banking for Mexico. He joins from Bank of America, where he held the same role since 2017....
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