Hints and tips:
Related Special Reports
...The $5.5bn loan to help buyout group Carlyle acquire the stake from rival Veritas Capital would be the biggest of its kind and could be announced in the coming days or weeks, the people added....
...The list of borrowers shifting from private to public debt markets includes Veritas-backed energy consultancy Wood Mackenzie and UK insurance broker Ardonagh, according to people briefed on the matter....
...Banks underwriting $3.7bn of loans and bonds to fund the buyout of healthcare company Syneos Health by Elliott Management, Veritas Capital and Patient Square Capital, also received strong demand....
...Elliott’s power has grown in recent years as Cohn has built an internal private equity unit and cultivated relationships with buyout giants such as Thoma Bravo, Vista Equity and Veritas Capital....
...Commended Veritas Legal O: 7; L: 8; I: 7; Total: 22The firm advised US investment group JC Flowers on the purchase of bad loans from India’s Yes Bank....
...The activist hedge fund participated in the Veritas buyout through its Evergreen Coast Capital private equity arm....
...In February Houghton Mifflin Harcourt, which provides educational materials for school-age children, was acquired by Veritas Capital in a $2.8bn deal....
...Veritas made around ten times its money on its investment, according to two people briefed on its returns, in part by loading the once conservatively-financed company with debt....
...Elliott’s Evergreen Coast Capital private equity arm participated in some of last year’s biggest deals, including a $17bn sale of Athenahealth alongside Veritas Capital to a consortium of private equity...
...Evergrande bondholders yet to be paid as crucial debt deadline passes (FT) Liontrust strikes deal to buy Majedie Asset Management (FT) Saudi Aramco/BlackRock: pipeline deal shows kingdom is open to FDI (Lex) Veritas...
...This year Elliott partnered up with Veritas Capital in a $5.7bn deal for US healthcare technology group Athenahealth and Siris Capital to snap up Travelport for $4.4bn....
...But the $5.6bn buyout of Athenahealth catapulted Veritas into a higher orbit....
...Activist investor Starboard Value wants to see an improvement in margins and Symantec is cutting 8 per cent of its global workforce but problems go back to the split with data storage division Veritas in...
...Symantec sold its information management business Veritas to the Carlyle Group in 2014 to focus more closely on security....
...More recently, Carlyle ended up cutting from $8bn to $7.4bn the price paid to Symantec for Veritas, a data storage provider, after banks struggled to finance the deal....
...• Ian Barnes, the head of UBS Asset Management for the UK and Ireland, is to move in early 2017 to the new position of chief executive at Veritas Asset Management, the £12bn London-based investment boutique...
...“Veritas was the pig in the python,” says one source familiar with leveraged buyout deals. “There’s a growing sense the worst is behind us....
...The revised offering will saddle Veritas with less debt than when the transaction was initially agreed....
...The list which includes Carlyle’s Veritas deal, Siris Capital’s bid for Premier Global and Apollo Global Management’s buyout of OM Group, according to the calculations of the capital markets group at one...
...The leveraged buyout market has struggled since Carlyle, a private equity group, delayed its debt offering for an $8bn takeover of Veritas, a data storage business, in November amid increasing investor nervousness...
...Other tech companies that have been under pressure from activists with proposals for break-ups, include security company Symantec, which is currently considering a sale of its Veritas division, and eBay,...
...Research Group and other firms, and is now expanding to Capital Markets Research, IPO Financial Network, Roubini Global Economics, Sales Pulse Research, Turning Point Analytics, Two Rivers Analytics and Veritas...
...● Veritas Asset Management has appointed Neil Cooper as senior analyst on its global team. Mr Cooper used to be an investment analyst in the global financial sector at Insight Investment....
...He said some of Warburg Pincus’s best deals in the 1990s, such as Mellon Bank, LCI Communications and Veritas, all had negative or flat returns for the first four years....
...Like Glass Lewis, another advisory firm, Proxy Governance has come out against the Veritas acquisition....
International Edition