Hints and tips:
...Blackstone plans to step up its dealmaking before a rebound in markets drives prices higher, the president of the private equity firm has told the Financial Times....
...Apollo’s $1.3bn private debt deal with accountancy BDO USA this month is the biggest. There have been equity purchases too....
...Bloomberg LP is a private company almost wholly owned by its founder and not required to make any public financial disclosures. But insiders and industry analysts say its profit margins are enviable....
...Mohsin and Zuber Issa took out €39mn in unsecured loans in 2018 from the business they co-own with the private equity group TDR Capital, corporate filings show....
...But judges later began granting third-party releases more freely, in particular to private equity firms accused by creditors of stripping the assets of portfolio companies that had landed in bankruptcy court...
...Private equity firm Stonepeak Infrastructure Partners will buy Astound Broadband, a network of US regional cable operators, in an $8.1bn deal, the companies said, spurred by surging demand for digital connectivity...
...Carlyle’s co-chief executive Glenn Youngkin is to step down, leaving Kewsong Lee in sole charge of the US private equity firm....
...A year ago, when US private equity group Carlyle began its search for investors in its fourth Japan fund, demand was buoyant....
...In June, CINE announced a further $250m from a private placement....
...equity as currency be a driver?...
...Key differences between TIF/ LVMH vs LB/Sycamore are: (1) Two large strategics with LT rationale vs. private equity; (2) Transaction Agreement language: unlike LB, TIF’s “ordinary course” covenant is not...
...equity firm and Germany’s biggest bank....
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
...Stephen Schwarzman, the Blackstone chief executive who has gained a reputation as President Donald Trump’s favourite private equity billionaire, has long been the Da Vinci of dealmaking....
...But the German bank has also hired the private equity firm as an adviser and last year committed to funding some $5.7bn in loans to Cerberus for its European investments....
...KKR, the private equity group which built up a significant position in its bonds before the filing, will have a controlling shareholding once it exits bankruptcy....
...“The private equity guys are going to keep spending money even faster,” said a veteran banker in New York....
...The move by Cerberus, whose Deutsche stake is worth just under €1bn, boosts the private equity group’s exposure to Germany’s financial sector as it already holds a 5 per cent stake in Deutsche’s domestic...
...How about this as a scenario for a trashy, late night television show: a connected private equity baron teams up with a scandal-hit media group to further roll up the industry after the regulator changes...
...The biggest activist fight — Nelson Peltz v Procter & Gamble — was only recently settled, two months after a shareholder vote....
...Skadden Arps, the US law firm, has hired Richard Youle and Katja Butler as partners in its European private equity practice....
...France’s Total has struck a $3.2bn deal to sell its Atotech specialty chemicals business to private equity heavyweight Carlyle Group as European energy majors look to sell off non-core assets to shore up...
...Carlyle Group has beaten rival private equity groups to reach a $3.2bn deal with Total for the French company’s Atotech chemicals business....
...“It is a reminder of why we like the [private equity] and [real estate] businesses with their long term locked-up capital that can generate strong returns decade after decade, and why we don’t like the hedge...
...The New York-based private equity house is on track to equal its own previous record of $7bn for a Europe-focused real estate vehicle when it closes the fund later this year....
International Edition