Hints and tips:
...But as the fund lost value last year, Blackstone’s liability to UC has grown to $560mn....
...“We would acknowledge that this is not going to be some sort of a V-shaped recovery. There are going to be plenty of troubled deals in the market,” added Gray....
...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....
...Apollo’s $1.3bn private debt deal with accountancy BDO USA this month is the biggest. There have been equity purchases too....
...Fortress was sold in May by SoftBank to an arm of Abu Dhabi’s sovereign wealth fund and the asset manager’s own employees....
...Today, there are about 365,000 Bloombergs on the desks of investment bankers, bond traders, equity analysts, pension fund managers, sovereign wealth funds and central bank officials....
...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....
...The Sackler family hopes these funds will help achieve that goal.”...
...Those losses wiped out carried interest on three of Carlyle’s funds, meaning that if investments were realised at current valuations its executives would receive little in performance fees....
...“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...
...And now a fifth expect a “V-shaped” economic recovery, up from a 10th in the previous month....
...Job moves WeWork has held talks with T-Mobile USA boss John Legere to become its new chief executive, as the lossmaking office leasing company’s majority owner SoftBank attempts to stabilise the company...
...Our current FY21E estimates effectively assume flat admissions versus FY19 (which were 14% below FY18 in the USA)....
...ESG funds have performed relatively well during the market rout and have had resilient inflows ytd....
...Campari will be hard hit by COVID-19 due to high On Trade exposure, especially in core markets of Italy and the USA....
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
...But ISDA’s eight-page proposal was widely seen as a bid to prevent a repeat of the furore last year involving GSO, a credit fund owned by Blackstone....
...Late on Friday the rebranded Virgin Trains USA filed preliminary documentation for an initial public offering to fund its expansion and list on Nasdaq....
...The issue came to the fore this year after Blackstone-owned hedge fund GSO helped homebuilder Hovnanian refinance up to $320m of its debt at a favourable interest rate in return for the unusual requirement...
...This money has been used to fund ever-bigger spending on players — while also benefiting the US billionaire Glazer family who owns the club....
...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 hedge funds in those situations demanded payments to withdraw their complaints....
...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...
...builder at the heart of a controversial credit derivatives trade has missed a payment on some of its bonds, setting in motion a process which could lead to a windfall payout for the Blackstone owned hedge fund...
...The statement from the US Commodity Futures Trading Commission comes in the wake of a controversial deal between Blackstone-owned hedge fund GSO and Hovnanian, where the homebuilder is planning to default...
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