Miroslav Mulica

1,734 Flips | 2 Magazines | 10 Likes | 785 Followers | @Miroslav_Mulica | Manager - KPMG, Deal Advisory

Utilities are in need of a new model | Financial Times

Over the past 10 years, energy utilities across the world have delivered average cumulative shareholder returns of just 1 per cent. The figure comes …

Private Equity

Warren Buffett is making a rare move — and it's a sign it might be time to take some money off the table

It's typically pretty hard to find anything exciting to say about drywall.<p>Yes, drywall… as in, the building material that's used for interior construction.<p>Drywall, also known as wallboard, is manufactured from rehydrated gypsum to produce a calcium sulfate plaster, that's later mixed with …

Investing

Subscribe to read | Financial Times

Private equity groups are lowering their standards over investment choices, raising money too easily and paying record prices in a shift that will …

Venture Capital

Buyout covenants: lite entertainment | Financial Times

In the increasingly crowded area of distressed debt research, one firm has tried to stand out. Its hook: branding private equity machinations with …

Finance

Man Group and AQR try to take aim at private equity industry | Financial Times

The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE …

Investing

Investors plan push into infrastructure despite falling valuations | Financial Times

More than two-thirds of sovereign wealth funds and other public investors plan to increase the amount they allocate to infrastructure by 2020 despite …

Investing

The 10 largest corporate mergers in U.S. history

Merger mania has reached a fever pitch in corporate America as Comcast announced Wednesday a $65 billion all-cash bid to acquire 21st Century Fox assets.<p>21st Century Fox previously agreed to sell its entertainment assets, including the Twentieth Century Fox film and TV studios along with cable and …

Time Warner

M&A gates open with judge's blessing on AT&T-Time Warner merger

(Reuters) - A federal judge on Tuesday gave a ringing endorsement to AT&T Inc's planned acquisition of Time Warner Inc without any conditions, opening the door for companies such as Comcast Corp and Verizon Communications Inc to pursue deals to buy creators of media content.<p>The ruling by Judge …

Net Neutrality

Today’s best crowdfunding platforms — by the numbers

For startups and small businesses interesting in raising money online, it can be tough to choose a crowdfunding platform — there are so many out there. And they rank differently depending on whether you’re looking at the size the platform, the total amount of capital it has raised, its overall …

Venture Capital

What Brexit? Investors warm to UK stocks as M&A surges | Reuters.com

Despite a torrid start to 2018 and with Brexit uncertainties looming large, British blue-chip stocks have jumped to record highs thanks to a weak pound, a torrent of mergers and acquisitions, and bouts of political anxiety in the euro zone. Sonia Legg reports.<p>▲ Hide Transcript<p>▶ View …

Mergers & Acquisitions

Britain remains top European hub for tech investors - study | Reuters

LONDON (Reuters) - Britain remains the leading European destination for international tech investors, with UK tech companies attracting almost three times more venture capital investment than any other European country over the past two years, according to a study on Friday.<p>Buildings surround the …

Venture Capital

Private equity faces local legal skills drought | Financial Times

Lawyers in Asia specialising in private equity have their work cut out for them at the moment. US investor KKR surprised the region last year by …

Venture Capital

Private equity bosses took $200m out of Toys R Us and crashed the company, lifetime employees got $0 in severance

Private equity's favorite shell game is to take over profitable businesses, sell off their assets, con banks into loaning them hundreds of millions …

Employment

Pret A Manger sold for £1.5 billion to Germany's deal-hungry Reimann family | Reuters

LONDON (Reuters) - British sandwich and coffee shop chain Pret A Manger was sold for $2 billion (1.5 billion pounds) on Tuesday to an investment fund of Germany’s billionaire Reimann family, as part of a global acquisition spree aimed at challenging Nestle (NESN.S) in the coffee sector.<p>The sale …

Costa Coffee

Alibaba Unit's Mystery Jump in Focus After $1.4 Billion Deal

For the past few days, the question has been popping up on trading desks across Hong Kong: What’s up with Alibaba’s health unit?<p>Largely ignored by …

Alibaba Group

Shanghai dealmakers push pause to learn from fallen renegades

<b>Scoop to start: Bridgepoint, the private equity owners of Pret A Manger, are set to sell the UK-based grab-and-go sandwich chain for £1.5bn to JAB</b> …

Hedge Funds

KKR in talks to buy BMC Software for $10B

KKR is in exclusive talks to buy BMC Software in a deal that marks its return to mega-buyouts, a source close to the situation told The Post.<p>The BMC …

Venture Capital

SoftBank to Sell Full Flipkart Stake to Walmart

The operator of the world’s largest technology fund holds a 21% stake in India’s largest e-commerce company<p>By<p>Mayumi Negishi<p>Mayumi Negishi<p>The Wall Street Journal<p>Biography<p>@meiyume<p>Google+<p>mayumi.negishi@wsj.com<p>TOKYO— SoftBank Group Corp. 9984 -2.63% said Wednesday it has agreed to sell its entire stake …

Venture Capital

M&A frenzy stokes fear of market nearing top of cycle

Every morning, Wayne Wicker goes to the gym and watches CNBC to catch up on the financial news. Lately, one particular theme dominates the …

Markets

US states move to close carried interest loophole

Private equity group Blackstone has warned investors that it faces a growing risk of significantly higher tax bills because of efforts by US states …

Finance

European private equity groups rack up $8bn in funds

New private equity funds in Europe have raised a combined $8bn even after turning away large amounts of capital amid a continued boom for the …

Jitters mount as loans from private equity continue to rise

For an accessories retailer called Charming Charlie, the path to bankruptcy arguably began with a strategic blunder: just as Amazon was undermining …

Private equity executives discover new backers

Pity the up-and-coming private equity titan. He (it is almost always a “he”) is around 40 and has spent the previous decade flying every week to the …

Asset managers double spending on new data in hunt for edge

Investment groups have more than doubled their spending on new digital information sets and data scientists in the past two years, as the asset …

KKR’s conversion premium

When <b>KKR</b> went public in 2009, it seemed that <b>Benjamin Franklin</b> was only half right. Death might be a certainty, but the barbarian kings of buyouts knew …

M&A boom: deal-icious

People in wealthy economies spend large sums trying to eat less. In the capital markets the diet only follows an eating binge during the bull run. …

M&A debt: Extend and pretend

To the dismay of its shareholders, Comcast’s M&A adventures continue. After earlier this year making for a £22bn play for Sky that remains …

Mid-market leverage continues upward creep

Private equity houses are pushing leverage boundaries once again, driven by high price tags for a limited number of assets and the fact that debt is …

Trump v China and its effects on dealmaking

DD imagines that <b>Bain Capital</b>, <b>Toshiba</b> and a handful of other large companies winced last week when <b>Donald Trump</b>’s so-called magnificent seven — his top …

Blackstone to Check Out of Hilton Investment

Deal has earned the firm more than $14 billion, the most profitable private-equity investment in real estate ever<p>Blackstone Group LP is shedding its investment in hotel group Hilton Worldwide Holdings Inc., closing out the most profitable private-equity investment in real estate ever.<p>The hotel …

Private Equity