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☆ Interest rates today are not 'ridiculously high', says THL Partners' Scott Sperling
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInterest rates today are not 'ridiculously high', says THL Partners' Scott SperlingScott Sperling, THL Partners co-CEO, joins 'Squawk Box' to discuss the state of the economy, impact of high interest rates, inflation outlook, the Fed's interest rate path, and more.

Persons: THL, Scott Sperling Scott Sperling Organizations: THL Partners

☆ The deflationary forces that enabled low rates are all reversing: THL Partners' Scott Sperling
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe deflationary forces that enabled low rates are all reversing: THL Partners' Scott SperlingScott Sperling, THL Partners co-CEO, joins 'Squawk Box' to discuss the state of the economy, the September jobs report and impact on markets, the Fed's inflation fight and rising interest rates, and more.

Persons: Scott Sperling Scott Sperling Organizations: THL Partners

☆ How private equity giants like Apollo and EQT are using the cloud to improve dealmaking, boost portfolio companies, and tap into AI
▼ + stars: | 2023-09-05 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Here's how Apollo and EQT use Google Cloud to improve themselves and their portfolio companies. The cloud represents big cost savings and efficiency gains among portfolio companies; for example, buyout firm THL migrated one of its portfolio companies to the cloud to save 50% on annual IT infrastructure costs. PE firms benefit from having their data — and their portfolio companies' data — in one place to gain better business insights and check out opportunities. Using cloud to improve portfolio companies and investment firms themselvesBoosting employee productivity with the cloud and AI is top of mind for Apollo's Mahidhar. Google Cloud's tech talent has also helped Swedish PE giant EQT speed up cloud projects among portfolio companies.

Persons: Vikram Mahidhar, THL, Mahidhar, Carl, Magnus Hallberg, execs, Adaire Fox, Martin, Hallberg, Apollo's Mahidhar, it's, —, Zac Maufe, Maufe, it'll, Fox Organizations: Apollo Global Management, Apollo, Google, KKR Locations: EQT, Swedish

☆ Bonds rally, stocks drift as China boost fades
▼ + stars: | 2023-08-29 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

The yen remained an outlier and within a whisker of Monday's 10-month low, which has traders on edge about the risk of intervention. Over the weekend, China announced a halving in stock-trading stamp duties and had on Friday approved some guidelines for affordable housing. Hong Kong's Hang Seng (.HSI) closed less than 1% higher on Monday and was 1% firmer in early trade on Tuesday. On Tuesday in New Zealand shares in Tourism Holdings (THL.NZ), the world's largest campervan rental company, surged 13% after the company reported a record underlying profit. On Tuesday, U.S. job openings figures are due, ahead of Friday's broader labour market data and the ISM manufacturing survey.

Persons: Damian Rooney, Kazuo Ueda, Goldman Sachs, Ryan Felsman, Jason Xue, Sam Holmes Organizations: Nikkei, Argonaut Securities, HK, Bank of Japan, Tourism Holdings, New, Commonwealth Bank of Australia, Thomson Locations: SINGAPORE, U.S, Asia, Pacific, Japan, Hong Kong, China, Perth, New Zealand, Sydney, Shanghai

☆ Morning Bid: Strikes, system failures and a slowdown
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +3 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 2, 2023. Workers at Toyota plants in Japan were idle, meanwhile, as a systems malfunction crippling component orders brought output to a standstill for the world's top automaker. That comes on the heels of tech woes at British air control on Monday that disrupted flights. FTSE futures suggest a positive return from a day's holiday in London, while U.S. and European futures were flat. Hong Kong's Hang Seng (.HSI) was up 2% by mid-session and mainland blue chips (.CSI300) were up 1.5%.

Persons: Tom Westbrook, Gina Raimondo, it's, Hewlett Packard, Sam Holmes Organizations: REUTERS, Staff, Workers, Chevron, Toyota, Japan's Nikkei, U.S . Commerce, Tourism Holdings, Reuters, Thomson Locations: Frankfurt, Germany, Australia, Japan, Asia, London, Beijing

☆ Watch CNBC's full interview with THL Partners co-CEO Scott Sperling
▼ + stars: | 2023-08-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with THL Partners co-CEO Scott SperlingScott Sperling, THL Partners co-CEO, joins 'Squawk Box' to discuss the latest market trends, why he still sees a high probability of a recession over the next 6 to 9 months, the impact of China slowdown and Fed's rate hike campaign, the private equity landscape, and more.

Persons: Scott Sperling Scott Sperling Organizations: THL Partners Locations: China

☆ THL Partners' Scott Sperling explains why he still sees a high probability of a recession
▼ + stars: | 2023-08-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTHL Partners' Scott Sperling explains why he still sees a high probability of a recessionScott Sperling, THL Partners co-CEO, joins 'Squawk Box' to discuss the latest market trends, why he still sees a high probability of a recession over the next 6 to 9 months, the impact of China slowdown and Fed's rate hike campaign, the private equity landscape, and more.

Persons: Scott Sperling Organizations: THL, THL Partners Locations: China

THL prevailed in an auction for the company over other private equity firms because its bid was favored by Standish's management, the sources said. The management team and other Standish employees, who collectively own 65% of the company, will retain a 45% stake, with THL holding the remainder, the sources added. London-based investment firm Vitruvian Partners, which first invested in Standish in 2020, is cashing out, the sources added. Private equity firms see fund administrators as attractive investments, given their predictable income streams and the ability to grow these companies through debt-fueled acquisitions. Its latest flagship private equity fund raised $5.6 billion from investors in 2021.

Persons: Thomas H, THL, Standish, Vitruvian, Robert Raynard, Mike Spector, David French, Himani Sarkar, Nick Zieminski Organizations: Lee Partners, Standish Management, Vitruvian Partners, Reuters, Blackstone Inc, TPG Inc, Thomson Locations: Standish, London, Boston , Massachusetts, United States, Europe, New York

June 27 (Reuters) - Private equity firm THL Partners is exploring a sale of Nextech Systems LLC that could value the provider of healthcare software at around $1.5 billion, according to people familiar with the matter. THL is working with investment bank William Blair on a sale process for Nextech that has attracted other private equity firms and is at an advanced stage, the sources said. THL Partners, Nextech and William Blair did not respond to requests for comment. Based in Tampa, Florida, Nextech provides software solutions for electronic medical record tracking, healthcare payments and practice management. THL acquired Nextech in 2019 from Francisco Partners, another buyout firm, for more than $500 million.

Persons: William Blair, THL, Milana Vinn, Matthew Lewis Organizations: THL Partners, Nextech Systems, Francisco Partners, Thomson Locations: Tampa , Florida, New York

☆ Macro uncertainty is high as I've seen in 42 years of business: THL Partners co-CEO
▼ + stars: | 2023-03-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacro uncertainty is high as I've seen in 42 years of business: THL Partners co-CEOScott Sperling, THL Partners co-CEO, joins 'Squawk Box' to discuss Sperling's views on the world, why investors missed the ball on duration risk and more.

☆ Thomas H. Lee, pioneer of leveraged buyouts, is dead at 78
▼ + stars: | 2023-02-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Thomas H. Lee, a private equity financier who pioneered the use of leveraged buyouts that helped to reshape corporate America, has passed away, according to a notice from his former firm that still bears his name. “We are profoundly saddened by the unexpected passing of our good friend and former partner, Thomas H. Lee,” said THL in a statement. “Tom was an iconic figure in private equity. One of Thomas Lee’s most famous, and lucrative, leveraged buyouts was his purchase of Snapple for $135 million in 1992. Lee left THL in 2006 and started another private equity firm, Lee Equity Partners.

☆ Private equity giants are still racing to fill 2024 associate seats. See 8 firms — from Carlyle to Bain Capital — that have been recruiting first-year investment bankers for jobs that won't start for
▼ + stars: | 2023-01-30 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

Last year's on-cycle recruiting kicked off earlier than ever, and many junior bankers weren't ready. In an effort to win the war for talent that was raging last year, private equity firms pushed their recruiting efforts earlier than in ever— to late summer. To be sure, not all private equity firms kicked off on-cycle recruiting in August. It usually involves an intense week-long period (although sometimes shorter or longer) where private equity firms rush in to snag the top talent. The bottom line shows the month and year analysts started their roles, and the yellow line indicated when on-cycle recruiting began that season.

☆ The private equity industry is racing to fill 2024 associate roles after last year's hyper competitive hiring tactics backfired
▼ + stars: | 2023-01-25 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

☆ Elliott Management's Jesse Cohn just picked his next target for an activist campaign: an ailing software giant
▼ + stars: | 2023-01-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

A battle is on the horizon between Jesse Cohn and Salesforce. But the first rule of activist investing is you HAVE to talk about your activist investment. Jesse Cohn, a managing partner at the hedge fund Elliott Management, is leading his firm's latest activist campaign against troubled tech giant Salesforce via a multibillion-dollar stake. Activist investing, as we've previously covered, is set to be all the rage in 2023. Click here to learn more about Jesse Cohn, a tenacious activist investor who just set his sights on Salesforce.

☆ Inside THL's investing playbook for how the PE firm uses the public cloud to be aggressive in the bidding process
▼ + stars: | 2023-01-23 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

The cloud has become a key piece of private-equity firm THL's investment playbook. But for THL, the cloud has become an important part of the investing giant's playbook for winning over acquisition targets. He likened the due diligence and courtship process for founders and CEOs to speed dating with a bunch of investment firms. But the cloud, with its promise of cost savings and easy innovation, is helping THL stand out in the bidding process, Benaquista said. Eventually, as part of the move to the cloud, THL was able to split up Ten-X's commercial and residential businesses with the aim of selling the former.

☆ Wells Fargo faces another setback with $1.7 billion penalty
▼ + stars: | 2022-12-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

But first, Wells Fargo heads to the penalty box, again. Wells Fargo faces the music. The regulators have once again come knocking at Wells Fargo, and it ain't pretty. Wells Fargo was ordered to pay $2 billion back to customers and pay a $1.7 billion civil penalty by the Consumer Financial Protection Bureau (CFPB) for illegal activity involving auto loans, mortgages, and deposit accounts that impacted over 16 million accounts. "Wells Fargo is a corporate recidivist," CFPB Director Rohit Chopra told reporters on a call Tuesday, according to The Wall Street Journal, adding that the settlement "should not be read as a sign that Wells Fargo has moved past its longstanding problems."

☆ Exclusive: PE firm THL to buy digital asset management platform Bynder in a deal that values the company at $600 million
▼ + stars: | 2022-12-20 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +2 min

THL will spend $350 million to acquire a majority stake in the company. Boston-based private equity firm Thomas H. Lee Partners (THL) has agreed to buy a majority stake in venture-backed digital asset management platform Bynder in a deal that would value the company at over $600 million. THL, founded in 1974, is a private equity firm focused on acquiring middle-market companies in the fintech, healthcare, and enterprise tech spaces. THL Director Cliff Longley said that the firm has spent the last few years building a thesis around digital asset management. The acquisition comes at the end of a year that has seen a slowdown in private equity dealmaking.

☆ Fact Check-No evidence 40% of COVID-19 deaths in Finland were fabricated
▼ + stars: | 2022-11-16 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

Data on COVID-19 deaths in Finland is being misinterpreted by users online who claim that 40% of reported pandemic deaths have been fraudulent or fabricated. As Finland reports deaths within 30 days of a positive COVID-19 test result, 40% of cases are deaths with COVID-19 but not directly due to COVID-19. Deaths within these 30 days include up to 40% of cases with COVID-19, though not primarily due to COVID-19. There is no evidence that Finland fabricated or exaggerated 40% of COVID-19 deaths. To avoid underreporting of COVID-related deaths, the national health institute reports deaths due directly to COVID-19 and deaths that occurred with COVID-19 to which the disease might have contributed.

☆ Studiu: Majoritatea persoanelor infectate cu virusul SARS-CoV-2 au anticorpi şi la şase luni după infectare
▼ + stars: | 2020-12-18 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Cercetarea, elaborată de Institutul naţional de sănătate şi asistenţă socială din Finlanda (National Institute for Health and Welfare - THL), a investigat 867 de adulţi testaţi pozitiv pentru COVID-19 în primăvară şi relevă că 792 dintre ei (91,3%) încă aveau anticorpi neutralizanţi în sânge la cel puţin şase luni după infectare.Cu toate că încă nu se ştie cu certitudine, experţii cred că anticorpii neutralizanţi sunt cei care dau imunitate împotriva COVID-19, dar deocamdată nu este clar ce cantitate a acestora este necesară pentru a evita o nouă infectare şi nici cât timp durează această protecţie. Durata protecţiei nu este cunoscută nici în cazul noilor vaccinuri mRNA, cum sunt cele dezvoltate de Pfizer-BioNTech şi Moderna.

Organizations: National Institute, Health Locations: Finlanda

☆ Почему Финляндии удается успешно бороться с пандемией COVID-19
▼ + stars: | 2020-11-26 | by ( ) nokta.md time to read: +5 min

Для сравнения: в Дании, где, как и в Финляндии, проживают почти шесть миллионов человек, выявлено около 74 тысяч случаев инфицирования коронавирусом. Посмотрим внимательнее на стратегию, которую выбрала в борьбе с пандемией Финляндия, и на менталитет ее граждан. Финляндия быстро отреагировала на пандемию COVID-19Когда весной число инфицированных коронавирусом резко возросло по всему миру, финские власти отреагировали сразу же — и ввели в стране двухмесячный карантин. Нет в Финляндии и демонстраций так называемых «ковид-диссидентов», которые сейчас проходят в ряде городов Германии в знак протеста против политики федерального правительства по борьбе с пандемией. Если в среднем по Евросоюзу во втором квартале ВВП упал на 14%, то в Финляндии он снизился всего на 6,4%.

Persons: Мика Салминен, Салминен, Роза Мериляйнен Organizations: Университет Джонса Хопкинса, Института здравоохранения и социального развития (), Институт Роберта Коха, Европарламент, ФинляндииПереход, Общество цифрового образования Locations: Швеция, Финляндия, Европа, Дания, Словакия, Хельсинки, Норвегия, Германия, Евросоюз

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