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’Weekend catch-up
In case you missed these stories:
- Blackstone nears $3bn theme parks buy
US buyout group Blackstone is expected to buy 10 theme parks from brewing group AB InBev, in a $3bn deal that could be sealed on Monday.
Say hello to the ‘market dislocation vehicle’
Blindingly obvious, really – Wall Street’s having a sale of returned/shop-soiled stock.
Or, more precisely, investment banks are following the lead of some private equity funds in launching fresh funds to buy leveraged loans that are trading at depressed prices in the secondary market.
Rivals take on Goldman trading platform
Merrill Lynch , Lehman Brothers, Morgan Stanley and Citigroup are among a group of investment banks developing an electronic trading platform for unregistered securities to compete with existing systems such as the one created by Goldman Sachs.
When is an investment bank not an investment bank?
So when is an investment bank no longer an investment bank? When it turns into a hedge fund? A private exchange operator? Or perhaps a full-on real estate business, buying, selling, leasing and managing property – oh,
Goldman puts new meaning into the word ‘private’
Goldman Sachs, which owes much of its wealth and influence to its mastery of trading on public markets, is turning that franchise on its head by creating its own private system to trade the stocks of companies that don’t want the scrutiny and regulatory burdens of going public,
Cerberus to open HK office
Blackstone, Oaktree and Providence Equity Partners have all done it – and now here comes Cerberus. The US private equity and hedge fund group is the latest to mount a push into Asia, the Wall Street Journal reports,
Oaktree hires for push into Asia
Oaktree Capital has hired veteran banker Ralph Parks to spearhead its Asia expansion, underscoring global private equity groups’ rising commitment towards the fast-growing region. Mr Parks, an investment banker who spent the past five years heading JPMorgan’s Asia Pacific operations,