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The private equity firms aim to refinance or reprice Adevintas existing 4.5bn debt and may raise an additional 2bn, potentially for a shareholder dividend, according to sources familiar with the matter. Several financing scenarios are under consideration.
Goldman Sachs unveiled its Capital Solutions Group, a new division aimed at strengthening its focus on financing solutions for private equity sponsors. The group combines the firms corporate finance, leveraged finance, and equity capital markets teams into one unit. The London Stock Exchange.
Aviva Investors, the global asset management business of Aviva, has launched its third fund under the Long Term Asset Fund (LTAF) regime with the creation of the Aviva Investors Multi-Sector Private Debt LTAF (MSPD LTAF).
The move comes after the food company failed to refinance significant debt. In a statement, Hearthside said it had reached a restructuring agreement with its lenders and equity investors to “right size” its balance sheet.
In this context, private debt and in particular asset-backed lending (ABL) and real estate debt have emerged as prominent alternative financing methods, filling the gap left by traditional banks constrained by regulatory capital limitations. Across Europe, private debt AUM is forecast to grow at 10.0% trillion [i].
It's that time again when we're all buzzing with resolutions, and for many of us, improving our personal finances is at the top of the list. This is especially true for tackling one of the most common challenges we face: managing our debts. Think of debt as a puzzle that needs solving, not a shadow that follows you around.
Buyout firms have long relied on controversial loans backed by equity stakes to enhance fund returns, but growing investor criticism has triggered a slowdown, according to a report by Bloomberg UK. Other investors who are sitting on a lot of cash may see this as an expensive way to get cash back. Data on NAV loan usage remains sparse.
The embattled UK utility, which serves 16 million households and carries nearly 20bn in debt, is aiming to secure billions in new equity by the end of June to stave off insolvency. Among the strongest contenders are KKR, Hong Kong-based infrastructure investor CKI, hedge fund Covalis Capital, and London-based Castle Water.
Allianz Global Investors closed its Private Markets Credit Opportunities Fund at 1.5bn, exceeding its initial target. The capital was raised from a global pool of investors, including insurance companies, pension funds, and family offices. Source: Alternative Credit Investor Can’t stop reading? The company, co-owned by.
The refinancing, led by Morgan Stanley and JPMorgan, was designed to replace a $4.8bn private credit loan raised less than two years ago, and return $1bn in preferred equity Vista invested in 2023 to complete the original financing. The proposed new structure included a $5.1bn senior term loan and a $1bn junior tranche.
Just like their impact on other aspects of pop culture, Gen Z young adults are reshaping the world of personal finances with social media trends and new vocabulary. Many members of Gen Z have a gloomy attitude about their personal finances. Let's look at a few of the biggest Gen Z finance trends and catchphrases.
GSAM has committed $150m of its own capital to the fund, which will primarily target senior lending opportunities but retain the flexibility to provide junior debt when needed. The fund attracted both new and existing investors, including sovereign wealth funds, pension funds, insurance companies, consultants, and multi-family offices.
First, 3M saddled Solventum with debt to shore up the balance sheet of the former as it faces multibillion-dollar legal settlements. Wall Street expects Solventum to end the year with $7 billion in net debt, and servicing the interest on the debt is eating into FCF. Image source: Getty Images. In addition, 3M retains a 19.9%
To this end, the company has attracted increased interest from institutional investors, with GSA Capital Partners increasing its stake in the stock. However, does that mean that the average investor should follow its lead? Additionally, investors should consider its overall position size. Does Norwegian make sense for investors?
NIIF CEO Sanjiv Aggarwal outlined the fund’s strategy at a venture capital event in Mumbai, stating that it will focus on performing credit to capitalise on the increasing investor demand for high-yield debt. The funds backers also include global investors such as AustralianSuper and Singapores Temasek Holdings.
This marks one of the few significant acquisitions in Europes leveraged finance market amid a scarcity of M&A activity in recent years. The two banks are leading the leveraged loan financing, which will be syndicated to institutional investors next month. Capitals acquisition of Kantar Media.
Regional investor Unexo has taken a minority stake, backed by Caisse Rgionale de Crdit Agricole Atlantique Vende. The investment supports Relais Desserts expansion plans, with Cerea Partners aiming to scale the companys boutique network across western France.
A consortium of investors, led by Maverick Carter and advised by UBS Group AG and Evercore, is seeking to raise $5bn to launch a global basketball league. Read more: [link] Goldman Sachs unveiled its Capital Solutions Group, a new division aimed at strengthening its focus on financing solutions for private equity sponsors. billion won.
The State of the Game The private credit arms race has taken the industry landscape by storm, with Ken Moelis citing the shift as the greatest change in the history of transactional finance. [1] The sector has become extremely attractive for investors, with LPs and asset managers pouring money into private credit. trillion by 2030. [2]
Cryptocurrency has long been regarded as a speculative asset class with an uncertain future, often viewed with skepticism by traditional investors. The survey clearly shows that crypto is becoming a sought-after asset, particularly among younger investors. Image source: Getty Images. Which cryptos could lead the way?
That gives me some confidence that there's the right thing here, even though structurally, I don't know that this is going to be as amazing for investors as I certainly would like it to be because it's an all stock deal, we could talk about that. The aspects of mortgage financing, that is a business that Redfin has wanted to be in.
A new survey from Laurel Road found that more women feel like they're falling behind on their personal finances compared to 2023. Why do so many women feel behind on their personal finances? Women in 2024 are more likely to feel "behind schedule" on finances Laurel Road surveyed more than 2,100 U.S. of average annual returns.
Since its 2002 inception, Silver Point has provided financing solutions to more than 400 middle-market companies. With the growth of its balance sheet for Direct Lending, Silver Point has agented or arranged over $12bn in credit facilities since the beginning of 2023.
The deal was led by Kohlberg & Company, with Blue Owl providing strategic financing to support the transaction. read more EG Group targets $13bn New York IPO to drive growth and reduce debt EG Group is gearing up for a $13bn IPO on the New York Stock Exchange. The company, co-owned by.
The company has been posting some strong quarterly results that have encouraged investors. Let's take a look at the used car sales specialist and why investors might want to avoid its stock at the moment. Burdened by a pile of debt, the company and its bondholders agreed last year to do a debt exchange that reduced $5.52
Looking at Plug Power's balance sheet, the company has $214 million in debt against $62.4 Without the loan, the company could be hard-pressed to find additional financing given the current state of its business. Meanwhile, it had operating cash outflows of $254.7 million, while its free cash flow was negative $350 million.
Income investors often look for companies that sport track records of routinely raising their payouts. For example, suppose a company is passing along all of its profits to shareholders through dividends, but it continues to take on debt. Investors who have held P&G stock for the last decade have enjoyed a 92.3%
But projects are also financed with debt, so higher interest rates will eat into returns. NextEra Energy Partners' cash crunch The most recent crunch for NextEra Energy Partners is debt maturing in the next few years. billion of debt maturing, followed by $702 million in 2025, and $2.0 Image source: Getty Images.
Carrying credit card debt High-interest credit card debt can be an easy trap to fall into, especially if you're struggling to make ends meet. Financially literate people know how easily debt can pile up when you're paying 20% interest. That $100 purchase can turn into thousands in credit card debt over time.
Andros maintains a flexible investment mandate, enabling it to invest across the capital structure in both public and private equity and debt instruments. The fund will pursue private equity investments, credit opportunities, and direct asset-level transactions in the oil and gas sector.
In order to finance its growth and build out all these data centers, CoreWeave has taken on $2.5 billion in short-term debt and $5.5 billion in long-term debt. Smart investors know what to do with IPO stocks Even with the current correction of the Nasdaq index, there is a ton of excitement around AI stocks and the CoreWeave IPO.
Here's a closer look at some factors driving their ability to enrich their investors. It has a balanced approach to allocating that cash, using some money to expand its portfolio, repurchase shares, repay debt, and pay dividends. It leases these properties to operators under long-term net leases that supply stable rental income.
A higher-risk acquisition financing strategy Occidental Petroleum sealed a deal to buy CrownRock last December, agreeing to pay $12 billion in cash and stock for the Permian Basin-focused producer. billion of new debt to fund the deal and assume $1.2 billion of CrownRock's debt. The company initially planned to issue $9.1
Image source: Getty Images The start of 2024 has already brought about news of layoffs across several industries, from finance to tech to media. Being laid off can deal a huge blow to not just your outlook and self-esteem, but also your personal finances. But if you're working again, make paying off that debt a priority.
Apollo Global Management is accelerating the growth of its $70bn hybrid strategies, which bridge credit and private equity financing to appeal to investors seeking more flexible options amid a slowdown in private equity distributions, according to a report by Bloomberg.
In that same study, Hartford Funds found that non-dividend payers had returned investors just 4.27% annually, with more volatility than the S&P 500. Dividend payers display a history of positive cash flows, good capital management, and steady growth, making them solid choices for investors.
The problem may come with what that dividend precludes -- paying down Verizon's massive debt. In Q1, its debt rose slightly from the previous quarter to $152 billion. Additionally, almost $16 billion of that debt matures over the next year, likely meaning Verizon will have to refinance some of it at a higher interest rate.
Image source: Getty Images As anyone who's ever struggled with money knows, the amount you have access to makes a huge difference in how you approach your finances. Long-term financial planning One key aspect here is the ability to use your funds in a way that is beneficial to your future finances. Learn more here. of their income.
Tracking your net worth can be a great way to stay on top of your finances and ensure you're making good progress toward building wealth. The most recent data from the Fed's Survey of Consumer Finances took a snapshot of the American public at the end of 2022. Your net worth is a snapshot of your current financial picture.
Telecom saves the day The reason wireless companies have held up well comes down to their stability and debt. The downside has long been that the business relies on heavy capital expenditures to build out wireless networks, which require a lot of debt. As interest rates have gone up, that debt has become a bigger and bigger problem.
It did have to upend its once cash-heavy balance sheet to finance the $2.5 billion in borrowings after paying back another $323 million of debt. Its debt-to-EBITDA (earnings before interest, taxes, depreciation and amortization) multiple is a reasonable 1.4, Crocs is bracing investors to expect 2% to 2.5%
The company sought to remake the fragmented used-car market by transacting and financing online. After staring at the brink of bankruptcy, a debt restructuring deal rescued the stock. But does this recovery mean it's safe for investors to buy? Moreover, despite its restructuring, the company's debt load is an ongoing concern.
Pay off credit card debt Credit card debt has soared over the past couple of years, partially due to inflation, which has caused the price of nearly everything to rise. trillion in credit card debt, with the average American owing about $6,501. An extra $1,000 can do a lot of good for your finances if you know where to put it.
Recessions can have an impact on most aspects of your finances -- and not all in bad ways. Investors who try to time the market by waiting on the sidelines until the economy recovers often miss some of the best-performing days. Here's generally what rises and falls during a recession. Source: YCharts. Home prices: Up. Source: YCharts.
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