Hints and tips:
...Apollo’s $1.3bn private debt deal with accountancy BDO USA this month is the biggest. There have been equity purchases too....
...owned by Fortress Investment Group, had struck a 20-year deal with the UK-based group in 2018 to rebrand its service in Florida, and a planned route from Las Vegas to southern California, as Virgin Trains USA...
...Hurley, in turn, says via email, “I was bereft when my partner-in-crime left the UK, but there’s no denying he’s found peace in Ibiza.”)...
...The companies through which the brothers own the planes, Clear Sky LP and Clear Sky 2 LP, owed EG Group $21mn as of December last year....
...Sir Richard Branson has asked a UK court to determine whether the pandemic undermined Virgin’s standing as “a brand of international high repute” in a $250m dispute with his former partner in a US train...
...It follows other attempts at consolidation in the industry, most recently an $8.4bn hostile bid by Altice USA for Canadian telecoms company Cogeco, which was rebuffed by the latter’s controlling family two...
...Bridge Growth Partners has named Yves de Balmann, former co-chairman of Bregal Investments, an executive partner at the firm....
...Hedge fund Cyrus Capital Partners, which had sold protection on Sears’ debt via CDS, tried to limit the amount it would have to pay out after the retailer went bust....
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
...Law firm Ashurst has named 21 new partners. More here. Smart reads Poison pill In the race to the public markets, Lyft and Uber are taking different routes when it comes to corporate governance....
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
CFTC seeks timeframe for action on clean-up of credit default swaps market
...Late on Friday the rebranded Virgin Trains USA filed preliminary documentation for an initial public offering to fund its expansion and list on Nasdaq....
...Goudet’s fellow managing partner at JAB, Peter Harf, previously served as chairman of the brewer for almost a decade before stepping down in 2011....
...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...
...The group behind the Les Paul, Flying V and Epiphone brands filed for Chapter 11 bankruptcy protection in May, overwhelmed by the debt it took on to fund an ill-fated diversification into headphones and...
Regulator statement on CDS agreements follows legal clash over Hovnanian deal
...David Cameron taps China’s sovereign wealth fund It’s already known that David Cameron has been having trouble raising capital for his $1bn fund that is set to partner with the Chinese government on infrastructure...
...Her neighbours in the exclusive gated community include her son Jonathan and his partner....
...Alan Livsey Lex writer Best of Lex articles Carillion: damage limitation Carillion: don’t blame it on the Schuldschein Apple: USA, USA Kakao Corp: up like a rocket Walmart/wages: for the greeter good...
...Chris Bubb, senior partner at Foster + Partners, said the distinctive Legislature building — with a dramatic spire reaching into the sky — is designed to be “an iconic, unique structure that symbolises Amaravati...
...Elliott v Arconic: Round 2 The nastiest proxy fight of the season concluded on Monday. Or did it?...
...Carlyle faced competition from CVC Capital Partners and a consortium of BC Partners and Cinven, according to people involved in the process....
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