Hints and tips:
...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....
...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....
...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....
...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....
...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....
...: buyout groups push into lucrative private credit (Lex)...
...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?...
...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....
...A Spac frenzy is “unquestionably” making its way towards Europe, according to Nick Koemtzopoulos, head of Emea equity capital markets at Credit Suisse....
...It’s hard to believe that this is being questioned,” said David Knutson, head of credit research at Schroders and the vice-chair of the Credit Roundtable, an investor industry group in the US....
...Marsh was the supply chain finance group’s commercial insurance broker, responsible for finding cover against non-payment by its borrowers....
...Ivan Zinn, founding partner at Atalaya Capital Management, which invests in speciality finance credits, said: “Most folks right now don’t have an appetite, certainly on the small business side, to come in...
...But this is DD: you’re supposed to have a passing interest in finance!...
...Even Toyota, one of the world’s most financially robust carmakers, is exploring a new credit line with banks to boost its balance sheet. Protecting jobs is another top priority....
...Whitman spent more than a decade at Blackstone’s credit unit before leaving at the end of last year....
...Job moves Centrica, owner of British Gas, has named its finance director Chris O’Shea as chief executive to replace Iain Conn....
...Xerox wants to give HP’s board its walking papers We’re all guilty of overusing the David v Goliath trope but in the case of Xerox and HP, it really does apply....
...Tang had served at Citic and China’s ministry of finance. The marriage was relatively fresh....
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