Hints and tips:
...In today’s newsletter: Blackstone’s private credit problem General Atlantic’s secondaries push Mallinckrodt’s messy bankruptcy The private credit deal that could cost Blackstone €200mn Last month, Blackstone...
...But one significant shift in Chinese corporate finance has made the mainland licence more desirable....
...Job moves Latham & Watkins has added two partners to its banking team in London....
...The FT profiles the Nigerian born dealmaker, who before becoming a top executive at Credit Suisse, clerked for Thurgood Marshall....
...Private credit co-heads James Reynolds and Kevin Sterling have also been named global head of direct lending and global head of investment-grade private credit and asset finance, respectively....
...The leveraged buyout specialist has diversified to include a $200bn credit investment business along with a life insurance affiliate, Global Atlantic, hungry for yield....
...Simpson Thacher & Bartlett has hired Paul Weiss’s Tracey Zaccone and Latham & Watkins’ David Teh to co-lead its alternatives and private credit practice....
...PayPal has named Jamie Miller as chief financial officer, snapping up the veteran finance executive after she left the Big Four accounting firm EY in June....
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...Davis Polk has poached M&A partner Thomas Malone and finance partner David Penna from Latham & Watkins. They are based in New York and Washington, respectively....
...DIANE GLOSSMAN: You had on the one hand Citi that had a huge business around the globe, known to be an innovator in technology and credit card....
...But unlike regular investment banks, groups such as KKR — which has diversified to include a $200bn credit investment business and its Global Atlantic life insurance affiliate — can do it all in-house, Lex...
...world of supply chain finance attracted backing from Japan’s SoftBank and US private equity firm General Atlantic....
...There was silence on whether expanding money and credit had anything to do with it....
...With its Grammy’s party, Mastercard joins a host of finance organisations that have embraced the new alternative realities....
...: buyout groups push into lucrative private credit (Lex)...
...DD Live will gather the biggest names in M&A, private equity and corporate finance. To gain access to the event and find more details go here....
...In some ways, working at Revolut was the pivotal moment: I was trying to work with a major credit bureau, and we wanted them to see customers on both sides of the Atlantic....
...The deal underscores FTX’s grand ambitions to encroach on the territory of mainstream finance....
...Job moves General Atlantic has appointed former Inditex Group chief and Nestlé board member Pablo Isla as a global senior adviser....
...It has had to raise more than $1bn from its existing investors and tap credit lines from banks to shore up its financial position....
...Feel free to drop me an email at sid.v@ft.com. Why does SEC chair Gary Gensler have a YouTube show?...
...Latham & Watkins has hired Helen Lethaby as a partner in the tax department in the London office. She joins from Freshfields....
...One scoop to start: the US private equity group General Atlantic is in talks with Goldman Sachs to refinance a controversial €300m loan from Greensill Capital. Read more here....
...One thing to start: Latham & Watkins posted record revenues of $4.3bn last year, among the highest-ever for a law firm. Read more here....
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