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A trading book includes loans banks have earmarked for sale and are thus marked-to-market, while a banking book is where a lender holds loans and other assets not intended for disposal. This implies a heavy discount of 15 pence on the pound if banks sell the loans at that level. Banks make money also by charging the borrower a fee to provide loans, then sell the loans to third party investors. Reuters could not ascertain the exact size of the hit on the loans sold. On the flipside, loans sold by banks can generate attractive gains for buyers.

☆ Vox Media is in talks to raise $200 million as it considers asset sales and acquisitions
▼ + stars: | 2023-01-24 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com time to read: +2 min

Private equity giant CVC Capital is discussing a $200 million investment into Vox Media. Vox Media, which owns New York magazine, Recode, The Verge and more, recently laid off more than 100 staffers. Both CVC Capital and Group Black had talks aimed at acquiring the digital media company, according to reports. Vox Media, the digital media venture that houses assets including New York magazine, The Verge, Eater, and SB Nation, is looking to raise around $200 million, according to two people familiar with talks. The sources said they believe Vox Media CEO Jim Bankoff wants to use the money to acquire new assets while also potentially putting some Vox Media properties on the block.

☆ Toshiba buyout heralds a big step back for Japan
▼ + stars: | 2023-01-20 | by ( Una Galani | ) www.reuters.com time to read: +7 min

MUMBAI, Jan 20 (Reuters Breakingviews) - The end of a long battle to wring some value from Toshiba (6502.T) is finally within reach. Such an outcome won’t encourage private equity firms, and big policy shifts underway may stifle the industry just as it hits a new high. Instead, after an accounting scandal in 2015, Toshiba came to epitomise Japan Inc’s pervasive value destruction. Japan typically outperforms private equity deals in other developed markets, partly because existing incentive structures for company bosses are so poor. The country’s private equity industry is only just finding its feet.

☆ From Amazon to The Trade Desk, experts predict these companies will be the most active acquirers of advertising businesses next year
▼ + stars: | 2022-12-27 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

There's a strong interest from acquirers in hot trends like commerce media and data consultancy. Experts predicted the companies most likely to be acquirers of advertising businesses in 2023. Many industry observers expect advertising industry M&A deal volume and value to be down next year due to volatile macroeconomic conditions. Experts across the advertising industry — from consultants, to agency executives, analysts, investors, and adtech leaders — named the companies likely to be active in the advertising M&A market in 2023 and why. Apple could make an under-the-radar adtech acquisition for its sleeping giant advertising businessIndustry insiders predict Apple has big plans for its $5 billion-and-growing advertising business next year.

☆ Why Liverpool and Manchester United, two giants of soccer, are up for sale at the same time
▼ + stars: | 2022-12-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

In November, the owners of first Liverpool and then Manchester United confirmed they were open to new investment offers, with the potential for full sales of the top flight English clubs. Meanwhile New York-listed shares in Manchester United popped 18% on the news on Nov. 23 that its owners were similarly opening themselves up to investment opportunities. Big money competition One recurring complaint Manchester United fans have had of the Glazers is a lack of investment in the club, across both facilities and players. Old Trafford Stadium, the home of Manchester United Football Club. "In the cases of Liverpool and Manchester United, both owners have held the clubs for a long time, and both assets have appreciated a lot as their leagues and brands and global fan bases have developed.

"[But] private equity funds still have significant amounts of dry powder, and by the second half of next year, they will be looking to put some of it to work," he said. Private equity firms normally buy companies with a combination of debt and equity. "Ticket sizes across the private credit industry are likely to come down depending on the deal. Banks often highlight debt funds' - or direct lenders - higher prices and more stringent documentation requirements as competitive disadvantages to the syndicated loan and junk bond markets. But some see private credit as part of the solution at a time when money is scarce.

☆ Eni’s $6 bln Neptune swoop will be a haggle-fest
▼ + stars: | 2022-12-01 | by ( George Hay | ) www.reuters.com time to read: +3 min

LONDON, Dec 1 (Reuters Breakingviews) - Eni (ENI.MI) is hunting for a bargain in the North Sea. Italy’s $52 billion oil major is mulling a bid for oil and gas producer Neptune Energy, Reuters reported on Wednesday, for an equity value of around $5 billion to $6 billion. Given Neptune’s owners CVC Capital Partners, Carlyle (CG.O) and China Investment Corporation last year wanted to list the business for $10 billion, Eni may have to haggle a bit. The UK government recently extended its windfall tax on North Sea drillers to 2028. And the Italian group’s own North Sea expertise may help it argue that the mooted offer price is generous.

LONDON, Nov 30 (Reuters) - Eni (ENI.MI) is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5 billion -$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted. Neptune produces around 130,000 barrels of oil equivalent per day (boed), three-quarters of which is gas. It has operations in Norway - home to Eni's Var unit - Britain, Indonesia - where Neptune shares licences with Eni - Algeria, the Netherlands and elsewhere. A banking source confirmed talks had taken place in recent weeks, but that the outcome was "far from guaranteed" as valuations differed. Eni and Neptune declined to comment.

☆ Serie A seeking to triple overseas media revenue
▼ + stars: | 2022-10-19 | by ( Elvira Pollina | ) www.reuters.com time to read: +3 min

Under a scenario drafted by Serie A Chief Executive Luigi De Siervo, the league sees international broadcasting revenue potentially growing to some 1.1 billion euros in the 2024-2027 cycle, to reach about 1.9 billion euros in the 2027-2030 period. Projections for the league's domestic rights point to a potential target of 3.2 billion euros over the 2024-2027 period from some 2.9 billion euros Serie A pocketed thanks to existing TV deals expiring in 2024. Serie A's domestic TV revenues could increase slightly to hit 3.4 billion euros in the 2027-2030 period. The estimates for Serie A's media business are included in a document presented to the 20 clubs as the league prepares to kick-off its upcoming round of broadcasting tenders next year. Such a move could allow the entrance of private equity firms interested in investing in the development of the league's media business, a route which Spain's La Liga and France's Ligue 1 have already taken.

☆ Revived takeover talk boosts Italy's TIM as network deal stalls
▼ + stars: | 2022-10-18 | by ( Elvira Pollina | ) www.reuters.com time to read: +3 min

TIM shares, which last week plumbed an-all time low of 0.1687 euros, rose as much as 10% to 0.1947 euros, with Milan-based traders citing the speculative appeal of a potential bid. TIM this year turned its back on a 0.505 euro non-binding approach by U.S. fund KKR (KKR.N). Separates sources familiar with the matter told Reuters Vivendi also has some reservations about continuing talks with CDP on the network sale on an exclusive basis. The Brothers of Italy party, which leads the right-wing bloc that won the Sept. 25 election, backs the creation of a unified network champion. Register now for FREE unlimited access to Reuters.com RegisterReporting by Elvira Pollina Editing by Keith WeirOur Standards: The Thomson Reuters Trust Principles.

☆ 14 top private equity firms investing in sports, as a swell of funding enters the sector and helps teams, leagues, and stadiums build businesses beyond game day
▼ + stars: | 2022-10-11 | by ( Colin Salao | Claire Atkinson | Ashley Rodriguez | ) www.businessinsider.com time to read: +4 min

Private equity firms are investing more in sports teams, leagues, and other ancillary businesses. From Apollo to Sixth Street, here are 14 private equity firms betting on sports. A few factors are drawing private equity firms to the sector. And sports betting has hastily altered the landscape, opening a new sector for media, leagues, teams, and other businesses to tap. Below are 14 private equity firms — listed alphabetically by company — that have made prominent investments in sports through 2022.

☆ TIM plunges to hit record lows after latest delay to network deal
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +3 min

Under a preliminary agreement sealed in May and sponsored by Italy's outgoing government, state lender CDP and TIM had aimed for a binding deal by the end of October but that deadline will now slip. read moreCDP's approach is part of a long-held plan to combine TIM's fixed network assets with those of state-backed rival Open Fiber to create a single national network operator under CDP control. TIM shares fell as much as 3.5% to hit a record low at 0.1743 euros. Divergences on valuations have complicated negotiations, with TIM's top investor Vivendi (VIV.PA) seeking 31 billion euros, some 10-15 billion above CDP's valuation, sources have said. The approach valued the venture at 6 billion euros, a price tag deemed inadequate by TIM, sources had previously said.

☆ Private equity funds approach Italy's Serie A to explore media rights deal -sources
▼ + stars: | 2022-09-28 | by ( Elvira Pollina | ) www.reuters.com time to read: +2 min

The approach by the four private equity firms comes after Serie A last year failed to reach a media rights deal worth 1.7 billion euros ($1.7 billion) with a group of funds led by CVC Capital Partners due to opposition from some of its clubs, including Juventus (JUVE.MI) and Lazio (LAZI.MI). The sources, who declined to be named because talks are confidential, said representatives for Apax, Carlyle and Three Hills met with Serie A top executives earlier this week. One of the sources said the three funds, which are working with Italian law firm Zoppini, could present a joint preliminary proposal in the next few days. Searchlight representatives held a separate meeting with Serie A chiefs, the sources said, adding the fund is also considering submitting a formal expression of interest. The funds' interest was briefly discussed at a closed-door meeting the 20 Serie A clubs held in Milan on Wednesday, the sources said, adding Serie A would share with the clubs any proposal from the private equity investors.

☆ CVC’s burial business bets on lively market growth
▼ + stars: | 2022-09-27 | by ( Jennifer Hughes | ) www.reuters.com time to read: +4 min

A pitch for a growing business in an under-penetrated market is different though. Growth will have been disrupted by the effect of pandemic lockdowns on the ability of Nirvana’s sales force to canvas for new business. That’s just above the rate cited by FWD for the Malaysian life insurance market and would be a more reasonable level. Bidders have entered a second round for the business, which specialises in selling pre-need premium products such as family plots in burial grounds. Nirvana Asia went public in Hong Kong in 2014.

☆ Japan Investment Corp to set up 2nd Toshiba restructuring plan -Kyodo
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe logo of Toshiba Corp. is displayed atop of the company's facility building in Kawasaki, Japan June 24, 2022. REUTERS/Issei KatoTOKYO, Sept 21 (Reuters) - State-backed Japan Investment Corp (JIC) is considering a second proposal for Toshiba Corp's (6502.T) restructuring plan, breaking off with Japan Industrial Partners (JIP) with which it linked up in the first round of bidding, Kyodo news reported on Wednesday. Toshiba has sought strategic proposals and restructuring plans, including going private after a buyout. JIP and JIC disagreed over the best proposal for Toshiba, prompting JIC to consider a new partnership with other funds that passed Toshiba's first bidding round, including Bain Capital or CVC Capital Partners, Kyodo said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kantaro Komiya, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

The likely purchase of the new asset and the $3 billion valuation of the toll road business has not been reported previously. Representatives from Road King did not respond to requests for comment. CVC and Road King's attempts to monetise the toll road business comes at a time of growing global investor interest for infrastructure assets, driven by sovereign, pension and private equity funds chasing long-term returns. Road King, a Chinese property developer, has operated expressways in the country since nearly three decades. It diversified into the Indonesian toll road business in 2019 and its expressways in China and Indonesia span over 600 kilometres in total, according to the company's website.

☆ Chubu Electric joins all-Japan Toshiba buyout consortium
▼ + stars: | 2022-09-17 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe logo of Toshiba Corp. is displayed atop of the company's facility building in Kawasaki, Japan June 24, 2022. REUTERS/Issei KatoTOKYO, Sept 18 (Reuters) - Chubu Electric Power Co (9502.T) said on Sunday it is joining private equity firm Japan Industrial Partners (JIP) in conducting due diligence for a potential buyout of Japanese conglomerate Toshiba Corp (6502.T). JIP has contacted more than 10 companies including Chubu Electric, Orix Corp (8591.T) and Central Japan Railway Co (JR Central) (9022.T) to participate in its consortium, the Nikkei newspaper reported on Sunday. Toshiba said it does not comment on candidates for the potential buyout. JR Central did not immediately respond to a request for comment.

☆ Санду помогла Филату вернуть 266 га сельхозземель – Цензура МД
▼ + stars: | 2021-07-06 | by ( ) cenzura.md time to read: +8 min

Политика Санду помогла Филату вернуть 266 га сельхозземельРешением Апелляционной палаты Кишинева № 2r-1398/21 от 1 июля 2021 года (см. ”Ходатайство Русу Владимира в процессе ликвидации„ Caravita Co ”SRL,„ CVC Expert ”SRL об аннулировании протокола No. 88 от 14 августа 2019 года по результатам повторного аукциона по продаже товаров «Caravita Co» SRL, находящихся в процессе ликвидации. Панов – двоюродный сестра Маноле, по предложению которой она стала исполняющим обязанности председателя АП Кишинева;– временно исполняющий обязанности председателя Апелляционной палаты Кишинева, назначена помощником ПДС Дорелом Мустяцэ. Эта тенденция вызывает беспокойство, и просьба о признании недействительным Протокола повторного аукциона о продаже товаров, принадлежащих Caravita Co S.R.L.

Persons: BEM, ” „, “, Санду, Филат, Анна Панова, Марина Антон, Ольга Кожокару, Влад Филат, Владимир Филат, Ион Русу, Майя Санду, Анна Панов, Дорел Мустяцэ, Новые Анен, Президентурой, Олесю Стамате, Русу Владимир, Новые Анены, Золотевка, Русу, Анатолий Пахопол, Анне Панова, Пахопол, русуан Панова, Дорелом Мустяцэ, Панов, Маноле, Виталий Посту, Игорь Гросу, Марина Антон Марин Посту, Гросу, АнтонПосту, Кагул, Буюканы, Владимир Русу Organizations: S.A, сельхозземельРешением, Апелляционная палата, Апелляционный суд, ВСМ, ПДС, Пахопол, Коллегия по гражданские, АП, Международный свободный университет, Высочайшая судебная палата Locations: 2338113.001, Кишинев, Лот, АндрудулдеСус, Кагул, Молдова, Республика Молдова

☆ MAIB запускает инициативу «Защити себя от мошенничества»
▼ + stars: | 2021-07-01 | by ( ) ru.diez.md time to read: +3 min

Защита твоих денег, обеспечение конфиденциальности личных данных и безопасность банковских операций являются приоритетом Moldova Agroindbank. Чтобы повысить уровень информированности и осведомленности общественности о попытках мошенничества, банк запускает кампанию «Защити себя от мошенников». В контексте пандемии COVID-19 усилилась активность интернет- мошенников, которые стали более искусными в получении конфиденциальных данных посредством телефонных звонков от имени банка, сообщений через социальные сети, фальшивых веб-сайтов, электронных писем или SMS-сообщений, обещающих легкий и значительный выигрыш. Необходимо знать, что в случае мошенничества возврат денег становится практически невозможным для держателей карт, транзакции которых были выполнены с использованием всех элементов защиты карты, включая пароль, полученный SMS-сообщением на мобильный телефон клиента. Если находишься за рубежом, то необходимо позвонить по номеру +373 22 450 603.

Organizations: MAIBank Self Service Locations: Moldova

Toate acestea au drept scop intrarea escrocilor în posesia mijloacelor bănești ale deținătorilor de carduri. Ne propunem să-ți oferim mai multe informații pe diverse suporturi, astfel încât să fii în siguranță. - în relația cu clienții niciodată nu apelăm cu număr ascuns sau din străinătate. Persoana care efectuează un transfer de bani are nevoie doar de numărul cardului, numele și prenumele beneficiarului. Rămâi vigilent și nu oferi nimănui informații confidențiale!

Locations: Moldova, Telegram, ţară, străinătate

☆ DOC/ Cum va fi repartizată pe parcursul zilei de 2 iunie motorina donată de Guvernul României
▼ + stars: | 2021-06-02 | by ( Mudrii Elena | ) www.zdg.md time to read: +3 min

“AGROCOPACENI” Sîngerei Sîngerei 5. “GORCEAC EUGENIU” Căușeni Căușeni 20. 02.06.2021 4195 S.R.L. 02.06.2021 4195 S.R.L. 02.06.2021 4195 S.R.L.

Persons: PAVEL, Dochia, NICOLAI, Klaus Iahannis Locations: SA, Vulcănești, Rezina, Fălești, Sîngerei Sîngerei, Vulcănești Vulcănești, Sîngerei, Noi, Căușeni Rezina Solonceni, Zaim, Cimișlia, Ialoveni, Drochia, Dondușeni, Soroca, Edineț, Noi Roșcani, Căușeni Căușeni, Chișinău, Căușeni Sălcuța Căușeni, Ocnița, Moldova, România

☆ Мошенники украли у 83-летнего мужчины из Хынчешт 176 тысяч с карты. Он копил пенсию два года
▼ + stars: | 2021-04-28 | by ( ) nokta.md time to read: +2 min

У 83-летнего мужчины украли с карты 176 тысяч леев. Впоследствии, потерпевший сообщил неизвестному лицу номер карты и код. После переговоров с представителями банка полиция обнаружила, что с 18:00 до 19:00 было сделано 8 переводов со счета. В этом контексте полиция повторяет призыв к гражданам проявлять бдительность:Не раскрывайте свою личную информацию или данные банковской карты (номер карты, срок действия, ПИН-код, 3-значный код безопасности, напечатанный на обратной стороне карты и т. Помните, что для любых денежных переводов, вознаграждений, бонусов и т. д. на вашей банковской карте человеку, который сделает такой перевод, нужен только номер карты!

Persons: бдительностьНе Organizations: Эльдорадо, банкеЕсли Locations: Москва, Российская Федерация

Fiind întrebat la ce bancă are deschise conturi bancare, bărbatul a declarat că are deschis un cont bancar la una din băncile din Republica Moldova. Fiind mințit, bătrânul i-a comunicat persoanei necunoscute, numărul cardului și codul acestuia. Nu divulgați nimănui informațiile personale sau detalii despre cardul bancar (numărul de card, data expirării, numărul PIN, codul de securitate format din 3 cifre tipărit pe spatele cardului, etc.) bancar , persoana care va face un astfel de transfer are nevoie doar de numărul cardului! vi se cere codul PIN al cardului, data expirării, CVV/CVC codul acestuia, trebuie să vă alarmați și să cunoașteți că aceștia sunt infractori!

Persons: escrocul, . Organizations: . Făptașii Locations: Hîncesti, Republica Moldova, Moscova, Federația Rusă

☆ Un bătrân din Hâncești, victima escrocilor; A rămas fără 176.000 de lei, bani depozitați pe un card bancar timp de doi ani
▼ + stars: | 2021-04-28 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: ziare.comUn bătrân din Hâncești, victima escrocilor; A rămas fără 176.000 de lei, bani depozitați pe un card bancar timp de doi aniUn bătrân de 83 de ani, a rămas fără 176.000 de lei, bani depozitați pe un cont bancar timp de 2 ani. Victima, din municipiul Hâncești, a fost tras pe sfoară de un individ care s-a prezentat ca fiind angajatul unei bănci comerciale. Prin abuz de încredere și înșelăciune, bătrânul i-a comunicat persoanei necunoscute, numărul cardului și codul. personale sau detalii despre cardul bancar (numărul de card, data expirării, numărul PIN, codul de securitate format din 3 cifre tipărit pe spatele cardului, etc.) bancar, persoana care va face un astfel de transfer are nevoie doar de numărul cardului!

Persons: . Locations: Hâncești, Moscova, Federația Rusă

☆ Poliția atenționează: A apărut o nouă schemă de escrocherie ce vizează deținătorii de carduri
▼ + stars: | 2021-04-07 | by ( ) ziuadeazi.md time to read: +2 min

Inspectoratul General al Poliție atenționează deținătorii de carduri despre apariția unui nou scenariu de escrocherie care are drept scop spargerea conturilor Web Banking și Mobile, transmite deschide.md. Obținând acces la conturile Web/Mobile-banking ale clienților-vanzătorilor-deținători de carduri, escrocul efectuează ulterior transferuri de bani P2P către alte carduri și/ sau conturi) sau diverse plăți online”, se arată într-un comunicat al IGP. Totodată, IGP amintește deținătorilor de carduri că, pentru orice transferuri de bani pe cardul bancar, persoana care efectuează transferul are nevoie doar de numărul cardului. „Reprezentanții băncii sau alte structuri niciodată nu vor solicita: parole /PIN /CVV/CVC /coduri unice (OTP-uri) primite la numărul Dumneavoastră de telefon. În cazul în care cineva a accesat contul dumneavoastră online, contul bancar sau a obţinut date despre cardul de credit.

Persons: . Locations: Mobile

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