Lead counsel to JDS Energy and Mining Group in connection with a number of equity and
debt investments by U.S. private equity firms for a variety of projects
He has been the principal contact on numerous equity and
debt investments by Finance Wales following Hugh James's appointment to the Welsh Government corporate finance panel.
Not exact matches
In April a 40 % stake in its parent, Glencore Agriculture Products, was quietly repatriated
by the Canada Pension Plan
Investment Board for US$ 2.5 billion as Glencore shed assets to pay down
debt.
Corporate
investment - banking fees were down 4 % from the year - ago quarter because of lower advisory and equity issuance fees but partly offset
by higher
debt - issuance fees, according to the firm.
By that, I mean real estate — both
debt and equity — but also everything ranging from agricultural
investment, infrastructure
debt, and other real assets that are generating both income and capital gains.
Education provider Navitas has increased its
debt facilities
by $ 125 million to pave the way for future
investments and initiatives.
PREPA has been hampered
by years of under -
investment, frequent turnover in management and inefficient collections that forced it to go deeply into
debt.
Toys «R» Us is saddled with
debt from a $ 6.6 - billion buyout in 2005
by KKR, Bain Capital and real estate
investment trust Vornado Realty Trust.
Ratings agency Moody's reported Monday that the rolls of «potential fallen angels,» or issuers with
investment - grade
debt currently in danger of becoming junk, swelled
by 17 in the third quarter, while no companies fell into the opposite category, called «potential rising stars.»
Of course, rock - bottom rates and a strong Canadian dollar, he added, are the opposite of what the Canadian economy needs right now in order to kick its current addiction to household
debt and condos and switch to a more sustainable growth model fuelled
by exports and business
investment.
The deal, which was backed
by the Federal Reserve and the Treasury Department, avoided a collapse of the venerable
investment bank suffering under the weight of bad mortgage
debt.
The entire power grid is outdated and infrastructure upgrades long abandoned, the result of an island government deeply in
debt which was enabled
by zealous Wall Street
investment houses.
His
investment philosophy is rooted in risk management and value creation, and he has purchased and executed more than $ 650 million of commercial real estate and
debt collateralized
by commercial real estate.
Adjusted Net Income is defined as net income excluding (i) franchise agreement amortization, which is a non-cash expense arising as a result of acquisition accounting that may hinder the comparability of our operating results to our industry peers, (ii) amortization of deferred financing costs and
debt issuance discount, a non-cash component of interest expense, and (gains) losses on early extinguishment of
debt, which are non-cash charges that vary
by the timing, terms and size of
debt financing transactions, (iii)(income) loss from equity method
investments, net of cash distributions received from equity method
investments, (iv) other operating expenses (income), net, and (v) other specifically identified costs associated with non-recurring projects.
A $ 5M equity
investment in the company will purchase a 30 % ownership interest, or a mix of
debt secured
by the real property and equity will work as well.
But much of this
investment was enabled
by growing
debt, both government and corporate, rather than profits.
A 1 percentage point reduction in tax rates increases
investment by 4.7 percent of installed capital, increases payouts
by 0.3 percent of sales, and decreases
debt by 5.3 percent of total assets.
However, Barclays overall performance was buoyed
by a strong performance in its credit cards business and
investment banking division, which advises on M&A transactions and equity and
debt underwriting.
If Chinese
investment is on the whole productive, and the value of assets is growing as fast as the value of
debt, then we can assume that current growth rates are not driven mainly
by excessive
debt and that Chinese growth is sustainable without the need to bring down
investment growth.
The Fund seeks both current income and capital appreciation
by investing primarily in below
investment grade
debt and equity with the ability to hedge risk.
By definition any country with both high
investment and a current account surplus must have a high savings rate, but I don't understand why having high savings explains China's high
debt levels.
Posted
by Toby Sanger under Bank of Canada, capitalism, corporate income tax, corporate profits,
debt, deficits, economic crisis, financial crisis, household
debt, income distribution,
investment, progressive economic strategies.
In addition, while the Barclays Aggregate Index is dominated
by Treasuries, it also includes agency mortgage securities as well as
investment grade
debt.
Spain's high unemployment, excessive
debt, and stagnant growth stem indirectly from policies implemented
by Germany that forced down the GDP share of German wages while also reducing domestic
investment.
The fund invests primarily in
investment grade
debt securities, but may invest up to 10 % of its total assets in high yield securities rated B or higher
by Moody's.
According to the Wall Street Journal, the Securities and Exchange Commission is investigating this new kind of
investment vehicle that mirrors strategies used
by hedge funds: investing in private
debt or
by shorting stocks.
The indicated solution is to limit the proliferation of
debt by borrowing less, for instance, and to channel savings more into equities and tangible
investment than into
debt - claims on economic output.
«If you assume that for many years China has been misallocating
investment (
by which I simply mean that the resulting increase in productivity generated
by the
investment was less than the correctly calculated
debt - servicing cost)...» How about not «assuming» and offer proof?
A slowing Chinese economy might be good or bad for the world, depending on how it affects the relationship between domestic savings and domestic
investment, and this itself depends on whether Beijing drives the rebalancing process in an orderly way or is forced into a disorderly rebalancing
by excess
debt.
If Country X is a developing country with insufficient domestic savings to fund domestic
investment, net capital exports are probably caused either
by flight capital or
by the net repayment of external
debt.
The
debts created
by businesses, consumers and national economies cutting back their long - term direct
investment leaves these entities even less able to carry their mounting
debt burden.
Investment - grade bonds represented by the Bloomberg Barclays investment - grade Index, consisting of publicly issued, fixed rate, non-convertible investment grade debt s
Investment - grade bonds represented
by the Bloomberg Barclays
investment - grade Index, consisting of publicly issued, fixed rate, non-convertible investment grade debt s
investment - grade Index, consisting of publicly issued, fixed rate, non-convertible
investment grade debt s
investment grade
debt securities.
In short, the
debt taken on
by the new company will loom over every operating decision Tim's makes, thrusting the coffee chain into uncharted territory where it must answer to a cutthroat private
investment firm in faraway Brazil that never saw a cost it couldn't synergize.
I could focus on cash flow and get rid of some smaller student
debt, or focus on net worth
by throwing more money at my
investments.
For preferred equity and
debt investments, EquityMultiple receives a servicing fee in the form of a «spread» between the interest rate being paid to them
by the sponsor or originating lender and that being paid to investors.
If Japan tries to increase domestic savings to fund the
debt, for example
by limiting wage increases, or
by taxing consumption, both of which they have proposed, these measures may well cause domestic
investment to fall.
Star Mountain is a specialized asset management firm focused exclusively on the U.S. lower middle - market
by investing
debt and equity directly into established operating companies, making strategic
investments into fund managers and purchasing secondary fund positions.
This is why investors continue to be shocked
by sudden
debt problems and
investment losses in companies that have been regularly beating estimates of operating earnings
by a penny.
Whether or not they do, if domestic savings rise faster than domestic
investment, which is the only way to increase the domestic savings pool available to fund Japanese
debt, then
by definition the current account surplus must rise.
Speaking of what he called a $ 400 billion «euroglut» of excess European savings over already - paltry European
investment, Saravelos argued that the European export of savings was structural, driven
by a (rational) refusal
by European investors to invest in a stagnant Europe with rising
debt and rising unemployment, and so the euroglut could not be undermined
by a rising euro.
The speed with which China's GDP growth slows in 2013 will tell us a lot about how determined Beijing is to rebalance the economy in such a way that growth is driven more
by higher household income and consumption and less
by investment funded
by rising government and government - related
debt.
It is wishful thinking to imagine that the most extreme economic,
debt and
investment bubble in history was corrected
by a mild economic downturn, a market decline that leaves stocks at 21 times peak earnings (higher than at the 1929 and 1987 peaks), and just a few large - scale defaults from a corporate
debt position which continues to claim a record share of operating earnings to finance.
China's public - sector
investment, in other words, is value destroying, and because it is funded
by debt, additional
investment causes China's real
debt servicing costs to rise faster than its real
debt servicing capacity.
When market conditions favor wider diversification in the view of Hussman Strategic Advisors, Inc., the Fund's
investment manager, the Fund may invest up to 30 % of its net assets in securities outside of the U.S. fixed - income market, such as utility and other energy - related stocks, precious metals and mining stocks, shares of real estate
investment trusts («REITs»), shares of exchange - traded funds («ETFs») and other similar instruments, and foreign government
debt securities, including
debt issued
by governments of emerging market countries.
U.S.
investment: There would be no change in overall U.S.
investment and an increase in U.S. savings, the latter driven either
by lower unemployment or a reduction in consumer
debt.
It is worth reading to get a sense of how low non-performing loan numbers in the Chinese banking system are nonetheless compatible with a surge in bad
investments funded
by debt.
Crowdfunding (alternately
investment crowdfunding, securities crowdfunding, crowdinvesting, crowd financing,
debt crowdfunding, crowdlending or equity crowdfunding) describes the collective effort of individuals who network and pool their resources, usually via the Internet, to support efforts initiated
by other people or organizations.
At the time the former seemed a more dangerous risk than the latter — although even then massive overinvestment was China's true vulnerability — but I think
by now there is a rapidly developing consensus that
investment, and the unsustainable concomitant increase in
debt, is China's biggest problem.
The bank posted $ 1.6 billion in revenues from
investment banking, down 7 % «driven
by lower
debt and equity underwriting fees, which were partially offset
by higher advisory fees.»
Although the largesse is restricted to blue - chip eurozone companies such as food producer Danone or telecoms giant Telefónica, ECB - injected liquidity has spilled into the rest of the market, paring average interest rates on
investment - grade corporate
debt by some 30 basis points to an even 1 %, Deloitte estimates.