Tuesday, October 31, 2023

Intuit Credit Karma welcomes all Minters!

We are reimagining Mint as part of Intuit Credit Karma, expanding our collective capabilities to deliver upon our mission of championing financial progress for all. Mint will no longer be available as of January 1, 2024. To learn how to download your Mint data, please visit Credit Karma’s U.S. Help Center. We’re excited to build


The post Intuit Credit Karma welcomes all Minters! appeared first on MintLife Blog.


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Blackstone sells stake in €4bn Spanish hotel chain to GIC

Deal raises more capital for US buyout group’s expansion at a time when borrowing costs have soared


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Monday, October 30, 2023

Allen & Overy sells legal tech unit to private equity groups

UK law firm is latest business to take PE money to help expand non-core units


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Thursday, October 26, 2023

Opaque practices await UK regulators in private asset valuations probe

Insiders describe lack of transparency and poor methodology in some corners of the market


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Endeavor: investors should beware Silver Lake’s talented negotiators

Shareholders should gird themselves for a fight with the sharp-elbowed private equity group and Ari Emanuel


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PizzaExpress owner considers offer for UK rival TRG

Private equity group Apollo agreed a deal to take the casual-dining operator private earlier this month


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Wednesday, October 25, 2023

Silver Lake moves to take entertainment group Endeavor private

Value of Ari Emanuel’s group jumps to $14bn as it says it is exploring strategic alternatives


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Tuesday, October 24, 2023

Revisiting private equity valuations

Investors seem more optimistic — but only up to a point


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Saturday, October 21, 2023

Private equity firms face worst year for exiting investments in a decade

Amount buyout groups have made selling portfolio companies is running at lowest level since 2013


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Friday, October 20, 2023

Financiers stick to ‘Davos in the desert’ plans despite Middle East war

Larry Fink, Jamie Dimon and Jane Fraser are among those expected at Saudi investment conference


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Thursday, October 19, 2023

Blackstone warns of looming hit to consumers from surge in bond yields

‘When 30-year mortgages and car loans cost you 8% it will impact consumer behaviour,’ says president


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Wednesday, October 18, 2023

Why CVC is going public now

Plus, Bain’s attempt to create a chip champion meets roadblocks and Wall Street heralds mixed investment banking results


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The UK should be watchful of private credit risk for insurers

US groups have entered a potentially risky market. Britain would do well to be more circumspect


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CVC prepares to launch IPO as early as next week

Buyout group, which was valued €15bn in a private deal in 2021, intends to list in Amsterdam despite weak IPO markets


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Tuesday, October 17, 2023

Monday, October 16, 2023

Where the private credit boom could go bust

Plus, Ratcliffe’s lone bid for Manchester United and the Barclays try and fail to stop the Telegraph Media Group auction


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Sunday, October 15, 2023

JC Flowers warns of systemic risk in insurers’ binge on private credit investments

US investor raises alarm over flood of money into assets such as securitised products, private debts and lower-rated loans


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Activist Oasis stands to net £40mn profit from Wagamama owner sale

Apollo’s £506mn deal to buy The Restaurant Group includes ‘irrevocable undertaking’ for HK-based fund to exit its holding


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Thursday, October 12, 2023

Private credit funds step in for companies facing mountains of debt

KKR’s PetVet is latest to turn to direct lenders as $3bn loans approach maturity


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Public problems for private equity

How will private equity compete in an era of higher interest rates?


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The Restaurant Group: Apollo has a taste for Wagamama owner

Shareholders may find buyout fund’s price put on group no more appetising than a warmed-up lasagne


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Apollo to buy Wagamama owner in £506mn deal

Sale of The Restaurant Group comes after months of pressure from activist investors


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Wednesday, October 11, 2023

Can private equity meet public responsibilities?

The sums of capital the sector wields could be critical to financing a sustainable economy, but greater transparency and accountability are needed to ensure this happens


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Tuesday, October 10, 2023

Private equity’s borrowing binge faces scrutiny

Plus, Warburg Pincus sticks to its buyout roots and the UBS/Credit Suisse lawsuits pile up


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Private equity groups face investor scrutiny over tactics for returning capital

LPs worry that use of NAV and margin loans relies on financial engineering rather underlying portfolio performance


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Monday, October 9, 2023

UK private equity firms sell assets to themselves as exit routes dwindle

Disposal of portfolio companies to ‘continuation’ funds becomes preferred strategy to return cash to investors


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Warburg Pincus surpasses target to close $17bn private equity fund

Buyout group closes new vehicle after challenges sparked by soaring interest rates


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Saturday, October 7, 2023

Big banks sit out LBO rebound after being stung by earlier buyouts

Concern about loans getting stuck on their balance sheets has left some lenders wary of riskier deals


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Thursday, October 5, 2023

Japan seeks to resurrect junk bond market

Tokyo hopes to cut corporate dependence on bank lending as private equity steps up interest in dealmaking


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Wednesday, October 4, 2023

Who feels the pain from the bond sell-off?

With prices plunging and yields at decade highs, these are the parts of the financial system that could come under strain


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General Atlantic and Carmignac back new private equity secondaries firm

Stakes in Clipway, founded by a former top executive at Ardian, are an attempt to gain exposure to fast-growing strategy


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China jitters turn private equity investors towards India and Indonesia

But analysts warn of steep learning curve and limited exit routes for dealmakers


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UK financial regulator warns higher interest rates will hit private assets

FCA chief Nikhil Rathi confirms it is looking into where ‘build-up’ of risks have taken place


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Tuesday, October 3, 2023

Blackstone funds legal action over soured Bain Capital deal

US buyout firm foots bill for lawyers to assess potential claim against rival over €200mn loan loss


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Sunday, October 1, 2023

It is right to shed light on opaque private capital markets

Authorities need to monitor valuation practices to better assess risks in the industry


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