Head of $1.3tn asset manager says complex forms of debt could ‘accelerate things on the downside’
London-based group is ‘minded to recommend’ the 100p per share offer from private equity group
Plus, Citi leans into private credit with new $25bn partnership and a huge dividend recapitalisation tests the market
GeoStabilization employees to get $75mn of proceeds from sale of company by KKR as part of growing trend
Company backed by investors including Clayton, Dubilier & Rice and Hellman & Friedman prepares €4.4bn dividend
Financial Reporting Council says outside investment into the sector would bring risks
US lender seeks to win back business from asset managers that have targeted traditional banks’ most lucrative clients
Recapping and backslapping
Private equity firm edges out rivals including General Atlantic and Saudi Arabia’s SURJ
A trend long associated with equity investing is now playing out in the bond markets
Private equity firms have been forced to sell slices of their businesses as higher interest rates have hit the IPO market
Buyout groups can help revamp the profession, but there will also be unintended consequences
The key question is at what level carry should be taxed and what conditions are required to earn that benefit
The impact of leveraged payouts examined
Clearlake Capital bought, sold and continued to own Wheel Pros even as it collapsed under $1.7bn in debt
Lenders are pushing back on ‘high-water ebitda’ provisions and most have been excised from terms
As the Fed cuts rates, markets are rallying — but there are long-term risks from experiments
Media division will be split from classifieds business
Plus, one of the billionaire Issa brothers steps back from Asda and the antitrust case rattling American fashion houses
Investors desperate to get cash back are putting pressure on funds to capitulate on sales
Buyout firms EQT and Permira also in running for mid-tier accountancy firm
Sale process comes after tensions between investors and creditors over plan to split from Bausch Health
All three managers have filed for private markets retail funds within days of each other
Plus, the Nevada court battle over the future of Rupert Murdoch’s empire and how a corporate lawyer won gold at the Paralympics
EuroLeague is looking to sell minority holding worth €1bn, but PIF’s SURJ firm faces competition from BC Partners
