Remove 2012 Remove Bidding Remove Investment Banking
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Goldentree in talks with investment banks to explore a potential sale of the Travelodge chain at a £1.2bn valuation

Private Equity Insights

Its owner of nearly a decade, American asset management firm Goldentree is said to be in talks with investment banks to explore a potential sale of the chain, with sources telling The Sunday Times that it is gunning for a £1.2bn offer for the 595 hotels. It was then taken over by GoldenTree in 2012.

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CVC eyeing first Australian deal in almost 15 years

Private Equity Wire

According to AFR’s sources, Richard Blackburn, Head of CVC’s Australia business, has been working closely on a potential take-private deal with AUD892bn global financial services group Macquarie Capital’s CEO, Dragi Ristevski, who left his role as Head of Investment Banking at Credit Suisse last year.

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Silver Lake to explore the sale of tax-free shopping firm Global Blue Valued at around $1bn

Private Equity Insights

Silver Lake has hired an investment bank to explore options for Global Blue, which include a sale or capital market transactions, the sources said. read more Warburg, Kelso Make Bid for Femsa’s $5bn Envoy Unit Mexican Coca-Cola bottler Femsa is in talks to sell a US packaging and food services business to. billion valuation.

Taxes 130
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Best Caisse Scenario?

Pension Pulse

At the same time, Emond was rising through the ranks at Scotiabank, spending four years as the investment bank’s head of Quebec. Then he moved to Toronto to lead the bank’s entire Canadian corporate banking and global investment banking teams. faced a 2012 takeover bid from U.S.

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Transcript: Armen Panossian

The Big Picture

There would’ve been no bid. And it, and, you know, and, and at the benefit of hindsight, it was a great time to invest. The investment banks were stuck with syndications that they had committed to, to place in the markets with price caps on the, on the coupons. But for you guys, there’s no bid.

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Transcript: William Cohan

The Big Picture

You know, GE Capital, you have to understand, like, investment banking was so hot then. COHAN: Everybody wanted to be an investment banker. I mean, investment bankers were rock stars, right? COHAN: — because, you know, there were 72 partners and 72 non-partners in the investment banking group, so very small.

Banks 102
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Transcript: Jeremy Siegel + Jeremy Schwartz

The Big Picture

There’s a lot of people writing about that back in 2012, 2013, that they started selling at a premium multiple to the market, which is very obviously not the case today. RITHOLTZ: Bidding wars are over. RITHOLTZ: What sort of advice would you give to a recent college grad who is interested in a career in investing in finance?