Blackstone, Goldman Sachs: Facilitate $900 Million Refinancing for DCI
Blackstone Inc. and Goldman Sachs Asset Management are leading a $900 million direct loan for Depot Connect International (DCI), enabling the company to refinance its more costly private debt.
PWP Exclusive: Advisory on Lionsgate’s $383 Million Senior Notes Exchange
Perella Weinberg Partners (PWP) served as the financial advisor to the Ad Hoc Group of Noteholders in Lionsgate’s recent senior notes exchange, a significant development for the entertainment powerhouse. On May 2, 2024, Lionsgate, based in Santa Monica, California, and Vancouver, BC, announced an Exchange Agreement involving around $383 million in principal of its 5.500% […]
Apollo & Sony: Record-Breaking $26bn Paramount Strategy Explained
Apollo Global Management and Sony Pictures Entertainment have unveiled plans for a strategic acquisition of Paramount Global, with a purchase price set at $26 billion. This ambitious move aims to restructure and streamline Paramount by maintaining its core movie studio and selling off other significant assets including the CBS network, MTV, and the streaming service […]
Brookfield Asset Management: Profits Decline and Shares Drop Explained
Brookfield Asset Management has reported a decline in quarterly profits, the first since its separation from its parent company. This drop was primarily due to decreased fee revenues in several of its core business segments. The company recorded distributable earnings of $547 million, or 34 cents per share, down from $563 million in the same […]
Houlihan Lokey Exclusive: New Sovereign-Debt Advisory Unit Explained
Houlihan Lokey Inc. has launched a new division focused on advising governments on managing their sovereign debt. This initiative marks a significant expansion for the firm, traditionally known for its corporate restructuring prowess. Leading this new effort is David Gadmer, a former Lazard Inc. banker with extensive
JP Morgan Exclusive: Head of China TMT Investment Banking Heads To Morgan Stanley
JP Morgan witnessed a significant transition as Crystal Zhu, head of TMT investment banking, made a noteworthy move to join Morgan Stanley.
HSBC Exclusive: Q1 Results Deep-Dive | Dealmaking Fees Drop 10%
HSBC has seen a 10% drop in dealmaking fees in the first quarter of 2024, contrasting sharply with the gains of its Wall Street peers.
Barclays Exclusive: Failure to Compete With Rivals’ Gains in Q1 | Explained
Barclays faced setbacks in its investment banking operations during the first quarter, struggling to match its rivals’ successes.
Evercore: Q1 Earnings Report | Deep-Dive
Evercore has delivered a solid start to 2024 with its first-quarter financial results showcasing resilience and strategic growth.
Schroders Exclusive: CEO Peter Harrison to Step Down
Schroders has announced that CEO Peter Harrison will step down in 2025, initiating a transition to find his successor. The investment management company, based in London, plans a structured leadership handover next year, ensuring continuity and stability. During this period, Harrison will maintain an active role on the company’s board as a director, contributing his
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