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...One scoop to start: Linda Yaccarino is next week planning to meet the seven banks that helped bankroll Elon Musk’s takeover of X, formerly Twitter, to lay out her plans to revive the struggling social media...
...Vista was forced to turn to lenders in the burgeoning $1.5tn private credit industry instead of banks....
...Once-high flying institutions such as Credit Suisse, First Republic and Silicon Valley Bank crumbled and a drought of deals has caused mass investment banking lay-offs....
...Vista Equity Partners is one example; David Breach, a former member of Kirkland’s management committee, joined Vista’s top team in 2014....
...Vista declined to comment....
...Job moves Vista Equity has hired Dan Parant as a managing director and global head of private wealth solutions. He joins from KKR....
...With little cash left in the fund that had originally invested in Finastra, Vista turned to Goldman Sachs for a loan secured against a group of companies Vista owns....
...Even as Qatalyst tried to rein in its client at times, the bank’s behaviour also drew the rebuke of the Delaware court....
...Their three small guesthouses – SoprArno Suites, AdAstra, and OltrarnoSplendid, all on Florence’s version of the Left Bank – are favourites among those who favour small, original gestures and vintage-leaning...
...At the end of 2022, customers had paid a total of $831mn up front for hours yet to be flown, but Vista had only $134mn cash left in the bank, according to company disclosures....
...Banks are pricing new leveraged loans at a juicy average of 10.5 per cent, according to PitchBook LCD....
...Take Vista Equity Partners’ recapitalisation of fintech group Finastra, for example....
...Vista Equity Partners has announced six senior leadership promotions including Alan Schwartz to chief legal officer and Gwen Reinke to chief compliance officer....
...Such innovations open up new vistas of how money could improve the functioning of economies and societies. But it is worth reflecting on the darker sides of any new technology....
...Banks lost about $1.5bn underwriting a debt package funding Elliott’s and Vista Equity Partners’ $16.5bn buyout of Citrix. For riskier deals, private credit remains the go-to....
...Singapore’s GIC sold its stake in a Vista Equity Partners fund after the buyout firm’s founder was embroiled in a tax scandal, according to people familiar with the matter....
...Goldman Sachs, Bank of America, Credit Suisse, Elliott and Vista declined to comment....
...“Our client owns 150 acres between two national parks; it’s the most stunning vista,” he says. “Even to reach it he had to build a mile-and-a-half-long road....
...In July, the FT reported private equity firms including Vista Equity Partners, Carlyle Group and Hg Capital had used NAV loans to finance cash distributions to investors....
...Blue-chip firms including Vista Equity Partners and Carlyle Group have each borrowed more than $1bn from specialist providers to pay out their backers over the past 12 months or so....
..., as it seeks to limit hedge funds’ borrowing and boost transparency.Singaporean sovereign wealth fund GIC, one of the world’s most influential investors, sold its stake in a Vista Equity Partners fund after...
...Rio is still the capital for Carnival, which shuts down the whole city just before Lent every year – even the banks close....
...More than a dozen banks were forced to put up their own cash to fund Vista Equity Partners and Elliott Management’s takeover of Citrix after investors balked at financing the debt package....
...Ultimately, he sold Mindbody to Robert Smith’s Vista Equity Partners for $1.9bn in 2018....
...Earlier this year, Vista Equity Partners and Thoma Bravo turned to private credit to help refinance the debts of portfolio companies Finastra and Hyland Software, respectively....
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