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Private equity-backed business hit by rise in staff and financing costs
...Rio Tinto ranks 14th and Anglo American — whose spin-off AngloGold Ashanti has announced a move to New York — comes in at 30th, ahead of Glencore (35th). Other European exchanges are not immune....
...Egon Durban, co-chief executive of Silver Lake, has acted as a director on the Qualtrics board since its spin-off from SAP was completed....
...Last October, Klein, a former Credit Suisse board member, negotiated a merger of his boutique advisory firm with the advisory and capital markets unit of Credit Suisse, planning to spin off and list the...
...One attempt to jump-start shareholder value creation — the spin-off of the highly profitable UFC mixed martial arts league — has been a disappointment....
...In October, Credit Suisse — which has been buffeted by scandals in recent years — revealed its plan to spin out its capital markets and advisory business under a radical restructuring....
...Lions Gate Entertainment, the Hollywood studio that owns Starz, said last year that it was looking to sell or spin off the business, with vice-chair Michael Burns citing recent “transaction multiples” as...
...“The specific timing and putting a more positive spin on the challenging historical performance stands out relative to other ETFs.”...
...This month’s offerings include more tech stocks than earlier in the year, when the market was dominated by the $4.3bn spin-off of Kenvue, the consumer brands arm of Johnson & Johnson, which chose NYSE....
...John Canning, who replaced Thoma and Golder in managing First Chicago’s private equity assets, would later spin off the unit as Madison Dearborn Partners — a private equity firm now managing about $30bn....
...wrest control of French supermarket Casino from its owner, talks to buy publisher Editis from billionaire Vincent Bolloré’s Vivendi, and perhaps even an acquisition of the IT services business Atos in a spin-off...
...Egon Durban, co-chief executive of Silver Lake, has acted as a director on Qualtrics’ board since the spin-off from SAP was completed....
...Known internally as the “jewel in the crown”, analysts had estimated the business could fetch up to SFr15bn in a spin-off....
...“We just have to figure out how to monetise it in a disrupting world . . . we’re not engaged in any conversations right now or considering a spin-off of ESPN.”...
...Credit Suisse has secured rights to the name “First Boston” in its push to spin off its investment bank. Can the new CS First Boston recapture the glories of the original?...
...Activist investor Dan Loeb has appeared to step back from his call for Disney to sell or spin off the ESPN sports television network, after chief executive Bob Chapek vowed to restore the business to its...
...The US government asked the court to force the company to spin off parts of its advertising technology, including DoubleClick, a company it acquired 15 years ago....
...The rumour became closer to reality in October when Credit Suisse, which bought First Boston in the 1980s before retiring the name some 20 years later, said it had decided to spin off its investment bank...
...It has committed to create a new listed company, holding between 100 and 375 stores, with existing Albertsons shareholders getting shares in this spin-off....
...In a radical restructuring announced last week, the Swiss lender plans to spin off its investment bank at the worst point in the economic cycle — and hand control of it to Klein....
...Third Point disclosed a $1bn stake in Disney last month and called for sweeping changes at the company, including a spin-off of the ESPN sports television network....
...In addition to the spin-off, which will be completed within the next three years, Credit Suisse will sell part of its securitised products unit to US investment groups Pimco and Apollo, divesting of one...
...Activist investor Dan Loeb is agitating for sweeping changes at Disney, including a shake-up of its board, a spin-off of the sports television network ESPN and aggressive cost-cutting after rebuilding a...
...Some investors and oil industry veterans have called on the biggest companies to spin off their oil and gas divisions, which face a higher cost of capital than pure renewables businesses....
...radical break-up of Big Four firm (FT) Banks try to offload $15bn of Citrix buyout debt to ‘gun-shy’ investors (FT + Lex) Deloitte revenues hit record on back of tech consulting boom (FT) Melrose to spin...
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