Hints and tips:
Related Special Reports
...Under the terms of the original deal, unveiled last month, beneficiaries would get an extra 10 per cent on top of the calculated value of their retirement payments if they signed the waiver....
...People familiar with the retirees’ dispute said it centred on a discount rate being used to calculate the lifetime value of the partners’ retirement benefit....
...“You would expect me to say this, but I think we did pay our dues in 2021 and 2022, and now we’re on the other side of that,” Wood, chief executive of Ark Investment Management, told the Financial Times....
...It is now being advised by Goldman Sachs, Citi and Jefferies on an IPO planned for the first half of next year, targeting an enterprise value at listing of up to $4bn, according to people familiar with its...
...Grifols, Spain’s most successful global healthcare group, has been rocked by fraud allegations from a UK-based short seller that sent its share price plunging by more than 40 per cent and wiped billions...
...Its hodgepodge included a legacy talent management agency as well as live events and a mixed martial arts league....
...Apparently, Apollo Global Management has other priorities....
...A new group including Mubadala, Michael Dell’s family office, Goldman Sachs Asset Management and Lexington Partners will also invest cash into Endeavor....
...One company, software maker Alight, is facing an activist campaign from Jana rival, Starboard Value. Cannae pays a 1.5 per cent annual management fee, roughly $40mn, to another Foley affiliate....
...But the information still has value. Not all investments are reported in quarterly earnings, for example....
...The value of that portfolio was marked down by nearly 20 per cent last year....
...If you want to own a company with a solid franchise and a little bit of expected growth — Waste Management or UnitedHealth or Marriott — you are going to pay up....
...Weighted average is probably a fairer representation of the value you are getting when you buy the whole lot....
...She was previously operating chief of digital healthcare group Twill....
...Eminence was one of several New York-based activist funds, alongside Sachem Head Capital Management and Dendur Capital, which had pushed Entain to grant them board seats....
...Renamed GV, it now boasts more than 400 companies in its portfolio and has some $8bn in assets under management....
...I think it’s very good value, even though credit spreads are near their 52-week tights, around 330-340 basis points over Treasuries....
...exceed the value of the debtor’s on a standalone basis,” Spiro wrote....
...ETFs investing in healthcare, an intrinsically defensive sector, also flipped into outflows of $700mn....
...Bond values plummeted as investors feared the industry, a chief engine of economic growth, would struggle given weak home buying sentiment and a lack of policy support....
...Audax typically takes over companies in sectors such as healthcare and software then buys smaller competitors in strategies known as “roll-ups”....
...The post-2008 woes of value stocks were so wild they overshadowed the less dramatic underperformance of small caps....
...It culminated last week with the sale of a $5bn loan that backed KKR’s purchase of a stake in a healthcare technology company known as Cotiviti....
...Apollo’s private equity investments have recently gained in value....
...a market value of $153mn....
International Edition