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Digital lender has been forced to delay IPO because of choppy markets
Plus, Asia’s richest man sets out his media ambitions, and Bill Ackman shorts the Hong Kong dollar
Stakes in hundreds of buyout groups’ companies have been bundled into investments with strong credit ratings
Investors nibble on debt of companies less exposed to economic slowdown but avoid riskier groups
Investors balk at loan and bond to fund Apollo buyout of car parts maker as hung deals pile up
Wall Street’s cut-throat rush for elite second-year students creates dysfunctional recruiting process
Business generated substantial profits for Swiss bank but was capital-intensive
There has been a pick-up in some large US deals, but bankers are having to be more creative overall
US investigators allege workers as young as 13 employed in abattoirs in ‘oppressive’ conditions
KKR and Global Infrastructure Partners will ‘co-control’ towers business with telecoms group
Private investor group in line for $12bn cash payout if sale to Kroger is completed
Former Apollo executive’s 26North to manage funds for American Equity Investment Life
The ability to take advantage of market dislocation is being frustrated by an arbitrary calculation
US private equity group also cites competition for funds as it searches for new chief executive
Acquisition set to deliver multibillion profit for private equity investor Warburg Pincus
BDO, Grant Thornton and Marcum among firms to have explored deals as new capital fuels M&A boom
Collapse of talks over deal backed by Vitol risks bankrupting Russian-owned facility
Investment manager’s latest deals highlight shift to become lender and purchaser of credit
Private equity group snapped up $1.1bn of assets as it took advantage of crisis triggered by government’s mini-Budget
Are investors the mark, or in on it?
Only the boldest buyout fund would back a bid at present
Direct lending from private credit firms is efficient but pricey
Acquisition of Arcmont part of drive from asset managers to snap up fast-growing private capital firms
Discussions come as Swiss bank prepares to downsize its US operations
The FT’s Kaye Wiggins explains that with the economy struggling, private equity groups are increasingly turning to a new strategy – selling companies to themselves.
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