Hints and tips:
...InfraBuild sounded out investors about a new bond this year, but demand was weak partly because of concerns about its proposed $600mn acquisition of Gupta’s Liberty Steel USA....
...“With public market values falling so much, a buyer needs to determine whether the valuation represents the new normal or whether there is going to be a V-shaped recovery in terms of earnings or valuation...
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
...“We have entered into [memorandums of understanding] with various commercial banks to the tune of around Rs100bn,” said V Rama Manohara Rao, APCRDA special commissioner....
...suspicion of big overseas funds....
...By Kevin Daly, Aberdeen Asset Management Africa is set to be a focus of the International Monetary Fund (IMF) and World Bank’s agenda at meetings next week....
...Funds associated with Mr Soros, the hedge fund philanthropist famed for making billions through currency speculation, bought a 3.1 per cent stake in FCC from the company’s biggest shareholder and philanthropist...
...KKR & Co LP had agreed to invest about $200 million to buy a minority stake in the company....
...(Financial Times) ON FT ALPHAVILLE: Hedge funds: You don’t know what you’ve got till it’s gone. Name that price, Lloyds stake sell-off edition. BARC and the true price of ‘advice’....
...Street Journal) SAC Capital told its staff that evidence shows Steve Cohen “did not even read” the email at the heart of allegations he failed to take proper steps to prevent insider trading at his hedge-fund...
...But at the end of the first quarter of this year, TPG Asia V fund, which put most of its money to work from 2009 to 2012, had a return of 2 per cent....
...The MSCI Asia Pacific was down 1.4% and the Kospi moved between gains and losses. The Hong Kong IPO of Langham Hospitality Investments saw the shares slump 9.2%....
...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....
...The MSCI Asia Pacific rose 0.8% and the yen weakened to 102.4 per dollar, the lowest since October 2008. (Bloomberg) Today: Euro area GDP is due at 10am BST....
...The MSCI Asia Pacific index was 0.2% higher as gains were limited by fears that positive data may lead the Fed to scale back its bond-buying. The Nikkei was 0.13% higher....
...The funds are now willing to offer Goldman a 2 per cent stake in exchange for all of its mezzanine debt in order to prevent the company entering administration, according to one person close to the funds...
...Meanwhile in Greece…: Joseph notes that it’s probably significant that Dromeus Capital, a fund which did its homework on underpriced Greek assets last year, and made a killing, is going cautious on Greece...
...Santander, which recently completed the listing of a stake in its Mexican subsidiary, has begun to explore listing Santander Consumer USA, which has a loan portfolio of about €18bn, according to a person...
...(Financial Times) Sweden’s Hakon Invest is acquiring the 60 per cent of shares it doesn’t own in Nordic food retailer ICA AB for 20 billion Swedish kronor ($3.1 billion) from Royal Ahold N.V....
...The MSCI Asia-Pacific index fell 1 per cent and the won and the Australian dollar both weakened. Markets are also awaiting Chinese GDP data on Friday....
..., Baring Vostok Private Equity V LP, and another $350m in a co-investment fund....
...http://in.reuters.com/article/2012/04/20/usa-northkorea-china-idINDEE83I0J120120420 TPG poised to raise $1.5bn for Asian fund Private equity firm TPG is on its way to a $1.5bn first close in the fundraising...
...(Financial Times) - The Google v Oracle case could have big implications for the software industry....
...TPG poised to raise $1.5bn for Asian fund Private equity firm TPG is on its way to a $1.5bn first close in the fundraising for its latest Asian fund, with an eventual goal of at least $4bn, according to...
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