The Big Picture

MAY 9, 2023

Investment banks were not really a known concept in the area where I grew up. They’re typically making significant but minority investments in fast growing companies. SALISBURY: Honestly, I didn’t really have a long-term plan. I grew up in a family where my mother was a mathematician, my father was a chemist.

Liabilities 119

Liabilities Assets Banks Hedge Funds 119

The Big Picture

JUNE 11, 2024

You’ve actually seen that pay off with some private equity firms is they’ve made, some of them have made monumental mistakes. Investment banks, there’s two and a few others. But the brokerage houses, you know, Morgan and Merrill and the investment banks, multi-trillion dollars.

Mergers and Acquisitions 64

Mergers and Acquisitions Consulting Consultants Taxes 64

Axial

JULY 27, 2023

Axial is excited to release its Q2 2023 Lower Middle Market Investment Banking League Tables. These quarterly league tables reveal the top 25 investment banks active on the Axial platform in Q2. In Q2, 771 sell-side investment banks and M&A advisors brought a total of 2,647 deals to market.

Investment Banking 52

Investment Banking Investment Banks Mergers and Acquisitions Banks 52

Private Equity Insights

MARCH 17, 2023

The Qatari offer was expected to value the company at about £4.5 An offer of that size would be a markup of around £700 million to Manchester United’s current enterprise value of £3.8 That’s 40% less than the club’s current enterprise value — which already includes a substantial bid premium.

Enterprise Values 130

Enterprise Values Private Equity Firms Private Equity Firms Bidding 130

The Big Picture

SEPTEMBER 26, 2023

I mean, if you’re buying debt in, in, you name it company at 20 cents to 60 cents, and they’re owned by, you know, marquee private equity firms, what’s gonna happen with that? And we, we feel that a lot of phone calls, I think the most nervous we became was when the banks started failing.

Private Equity Firms 52

Private Equity Firms Private Equity Firms Debt Banks 52

The Big Picture

JANUARY 24, 2023

BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, his name is Steve Klinsky, and he has an absolutely storied history in the field of private equity. It was between corporate law and investment banking. Well, there were only 20 private equity firms in the world in 1984.

Leveraged Buyouts 105

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

Pension Pulse

JULY 11, 2024

“On things like NAV loans and margin loans, it’s just additional leverage and if things go against you, you can have a problem,” Stavros, KKR’s cohead of global private equity, said at the Berlin event. Many were acquired at the buyout boom’s zenith in 2021 and 2022, and often paid for by piling them up with floating-rate debt.

Buyout 59

Buyout Debt Leveraging Pension Funds 59

The Big Picture

APRIL 18, 2023

RITHOLTZ: — firms or private equity firms? And I think fundamentals mattered more in private equity than they did in public market investing. So I wanted to get a job at a private equity firm. They introduced me to the head of a significant private equity firm in Europe.

Private Equity Firms 64

Private Equity Firms Private Equity Firms Assets Finance 64