In part, private
equity firms moved into distressed acquisitons because they are seeking returns higher than those available on other commercial real estate investing opportunities.
Mr Clarke and Treasury chief financial officer Tony Reeves are at the forefront of the internal deal team inside Treasury as the two private
equity firms move into the final stages of due diligence.
Not exact matches
When the private
equity firm that owned Bolthouse put it up for sale in 2012, Morrison decided to make her
move — that is, if she could sell it to her board.
A
move up in the US 10 - year bond yield (2.965 % - 2.995 %) and mostly
firmer global
equities were a headwind for gold.
Private
equity firm KKR & Co LP said it would convert from a partnership to a corporation after US tax reform made the tax hit less painful, a
move that it hopes will boost its share price by attracting more investors.
The private
equity firms are making an opportunistic
move on Merck consumer health as they want to have options to build on the business they have with Stada, one of the sources said.
The
firm recently
moved to sell $ 100 million in
equity to finance capex, but with hedges on the company's production likely to wind down over the next six months, BBG could find that being acquired is preferable to additional
equity raises.
Canada's biggest private -
equity firm, Onex Corp., has also
moved deeper into the U.S. market, ramping up its business packaging the debt as securities with an eye to doubling that unit's assets in two years.
Ivanhoé partners with real estate private
equity firm Callahan Capital Partners on many U.S. deals and credits the company with helping Ivanhoé
move quickly and deploy capital in a market outside its Canadian comfort zone.
Yaser Moustafa, Senior Managing Director, NBK Capital Partners stated, «In a pioneering
move, NBK Capital Partners was one of the first private
equity firms to invest in the fast growing Mediterranean aquaculture space.
NEW YORK — Law enforcement officials
moved a step further in their investigation of the Obama administration's former auto industry adviser, reaching settlements with the private -
equity firm he co-founded in an ongoing corruption probe that has touched several prominent Wall Street
firms.
After receiving a Bachelor of Science in Economics from the University of Pennsylvania, Nishita
moved into the finance field with roles in investment banking at Goldman Sachs and at a private
equity firm.
As one
moves down the credit spectrum, the riskiest corporate bonds act like
equities, largely because as a company nears default, the
equity of the
firm is worthless, and true control of the
firm is found in some part of the debt structure.
David Jane, Miton multi asset fund manager, says: «We are
firm believers that capital preservation should be prioritised alongside return generation and have created a solution which provides the flexibility to
move aggressively out of
equities in difficult market conditions.
You are allowed to
move to another property as long as your
equity release
firm agrees that the new property is suitable as security for your
equity release loan.
Research Affiliates Expands European Footprint as Head of
Equity Research
Moves to the
Firm's London Office
But in terms of alternative investment assets & managers, there still exist interesting pockets of opportunity (albeit, perhaps more limited in size)-- while private
equity firms have accumulated unprecedented levels of AUM / dry powder, and can thrive as well as ever in today's world, noting their gradual
move into property & looking forward to a huge untapped opportunity ahead in infrastructure.
He has argued that failed banks should not be bailed out, Lehman's collapse was not a disaster, AIG should be declared bankrupt, that naked short selling is not a problem, that backdating isn't so bad, insider trading should be legal, many corporate CEOs are underpaid, global solutions are worse than local solutions, Warren Buffett is overrated, Michael Milken is a great American, the collapse of the hedge fund was not a scandal, hedge funds are over-regulated, education is overrated by the educated, bonuses at successful Wall Street's
firms are deserved and possibly undersized, management buyouts are boons to the economy, Enron's management was victimized by an over-zealous prosecution, Sarbanes - Oxley should be repealed, corporate compliance culture is a disaster, shareholder democracy is overrated, hostile takeovers ought to be revived, the market is permanently
moving away from public ownership of
equity in corporations, private partnerships are on the rise, public ignorance is encouraged and manipulated by governments and corporations, experts overrate expertise, regulatory agencies are controlled by the businesses they supposedly regulate and Wall Street is much more fun than people give it credit for.
Sixty - one percent of respondents said overcapacity is hurting their
firm financially, so they have
moved to address under - performers by reducing compensation (96 percent), dismissing under - performers (73 percent) and withdrawing
equity from under - productive partners (57 percent).
Clare advised a professional services
firm on the exit of a senior
equity partner who sought to lead a team
move from the
firm.
Wonu advised a professional services
firm on the exit of a senior
equity partner who sought to orchestrate a team
move from his
firm.
Some
firms are experiencing succession planning issues as fewer lawyers are
moving up the ranks and willing to take on
equity partner and leadership roles.
This reportedly sparked a «run on the bank» as more than 30 senior partners cashed in their partnership
equity and
moved to other law
firms with their clients (4).
You may remember last October we mentioned he had
moved from his real estate practice and knowledge management law
firm work to take on the role of Chief Compliance Office for Beacon Capital Partners, LLC, a real estate private
equity firm.
Shoosmiths will
move to a predominantly
equity partnership as of 1 May as 76 of the
firm's salaried partners are set to join the
equity.
Clare Murray and Esther Martin advised a professional services
firm on the exit of a senior
equity partner who sought to lead a team
move from the
firm.
He
moved to an
equity - only
firm at the right time, impressed a heavyweight early on and made partner within a year.
Strauss, who is set to make the
move on 8 September, was previously an of counsel at Simpson before being brought directly into the
equity at Freshfields Bruckhaus Deringer in 2010, in what was an unusual
move for the magic circle
firm.
Last year saw a number of big - money partner
moves, from Skadden Arps Slate Meagher & Flom's hire of White & Case private
equity star Richard Youle, to Freshfields Bruckhaus Deringer buyout heavyweight David Higgins» $ 10m
move to Kirkland & Ellis, and many top UK
firms are rethinking their compensation systems in an effort to ward off the advances of US rivals with money to burn.
Underperforming partners were
moved out of the 49 - strong
equity partnership with effect from 1 October — the
firm's new financial year —
moving to fixed - share status.
Dewey & LeBoeuf saw a dramatic drop in gross revenue in 2009 while profits per
equity partner
moved up 3.4 percent, the result of a 10 percent decrease in
equity partner headcount, according to numbers released by the
firm Friday.
Edmonton - based law
firm strategist Patrick McKenna says law
firms have
moved to shrink their
equity partnership ranks because they've exhausted all other options to increase, or simply maintain, partner profitability.
The chief executive of private
equity - backed
firm Knights Professional Services, which this week announced it is entering the top 100 with the acquisition of Darbys Solicitors, says that
moving from an
equity partnership to a corporate, more efficient structure has been the single most important factor in its success.
The
firm had already
moved recently to lower the bottom of its 12 - year lockstep, which now runs from 17.5 to 50
equity points across all offices.
Such a
move would reverse the
firm's drive in recent years to create an all -
equity partnership aligned across all offices.
Many large law
firms have
moved to a two - tiered partnership model, with
equity and non-
equity partners.
Firms boost female ranks with promotions rounds as Taylor Wessing continues
move to all -
equity partnership
The promotions come as the
firm moves towards an all -
equity partnership on 1 May.
Vacate Your Office,» The article focused on the issue of mandatory retirement for law
firm partners (including stripping them of their
equity interests or management roles), and it featured the tale of antitrust lawyer A. Paul Victor, who was forced to leave Weil, Gotshal & Manges at the age of 68 (but recovered smoothly by
moving to Dewey Ballantine).
Guy Hands is giving up daily operations of private
equity firm Terra Firma, owner of EMI,
moving to group chairman and chief investment offi...
Following 17 years working within the Recruitment industry, in 2013 our CEO - Simon Taylor
moved into the Private
Equity sector working directly for James Caan (Dragon's Den) in his PE
firm - Hamilton Bradshaw.
Private
equity firms have been
moving into debt financing at all different levels of the capital stack with increased velocity over the past 24 months...
«Where private
equity has had more success is by
moving down the quality scale,» says Jim Sullivan, managing director of REIT research with Green Street Advisors, a Newport Beach, Calif. - based consulting and advisory
firm.
Montreal - based Ivanhoé Cambridge made its first major
move into the «last mile» warehouse market this week, closing on its purchase of Evergreen Industrial Properties from private
equity investment
firm TPG Real Estate.
In a
move that has been expected for some time, private
equity firm the Blackstone Group has filed for an IPO for Invitation Homes, its single - family home rentals company, Reuters reports.