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☆ Nasdaq expects expanded markets to justify $10.5 bln Adenza merger price tag
▼ + stars: | 2023-06-22 | by ( John Mccrank | ) www.reuters.com time to read: +5 min

By one metric, Nasdaq paid around what Thoma Bravo spent on creating Adenza through the merger of two software firms, the sources familiar with the deal said. Nasdaq also hopes to cut overlapping costs, which would boost profitability and make the deal look cheaper, one of the sources said. With Adenza, Nasdaq's recurring revenues, which investors like for their predictability, will comprise around 77% of overall revenues, up from 71%. A director at one of Nasdaq's largest shareholders, whose firm supports the Adenza deal, said there were few good companies left that could be synergistic to Nasdaq. One of the sources said once Nasdaq also cuts out costs, the multiple will be closer to the mid-20s.

Persons: Thoma, Adena, Thoma Bravo, Friedman, Rosenblatt, Andrew Bond, Adena's, she's, Bond, Morningstar, Michael Miller, pushback, Adenza, Verafin, John McCrank, Paritosh Bansal, David Gregorio Our Organizations: YORK, Nasdaq, Thoma Bravo, Adenza, Rosenblatt Securities, BBB, Adenza's, Thomson Locations: United States, Europe, Adenza

☆ A Bravo-obsessed Instagram account and podcast notched its biggest growth month ever amid 'Vanderpump Rules' #Scandoval. Here's its plan to keep the momentum going as the drama winds down.
▼ + stars: | 2023-06-22 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

The most explosive season of Bravo's "Vanderpump Rules" ended last week. The world of "Vanderpump Rules" was rocked in March when longtime cast member Ariana Madix discovered her partner of nine years, Tom Sandoval, had been having an affair with one of her close friends, Raquel Leviss. One Bravo-focused account seized the #Scandoval moment and gained 44,000 Instagram followersBravo by Betches, an Instagram account devoted to all things Bravo from Betches Media, had its biggest growth month ever during March. While growth has slowed since peak #Scandoval, the women's media company has managed to sustain some of the Vanderpump bump. Before #Scandoval, the audience for "Vanderpump Rules" had been waning and Bravo by Betches wasn't posting about the show as much.

Persons: Betches, Ariana Madix, Tom Sandoval, Raquel Leviss, dishing, Bravo, Madix, Sami Sage, Daisy Kelliher, Dylan Hafer, —, It's, lt's, Hafer Organizations: Bravo, Betches, Betches Media, Apple, Housewives, New Locations: Orange County, New York

☆ Ukrainian special ops forces who stormed a Russian trench in an intense video did 'everything right' and took their enemy by surprise, US infantry veteran says
▼ + stars: | 2023-06-21 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Ukrainian special operations forces published a video showing soldiers clearing a Russian trench. Ukraine's special operations forces shared the graphic video to several social media channels on Monday. Special Operations Forces of Ukraine/Screengrab via TwitterThe Russian forces, meanwhile, are caught off guard. Special Operations Forces of Ukraine/Screengrab via TwitterThis kind of fighting is expected to continue. Kyiv's troops will continue to find themselves in similar situations as the special operations forces, but future missions may have varied outcomes.

Persons: —, John Spencer, Spencer, readying Organizations: Service, US, West, Institute, OF UKRAINE, Twitter, Ukrainian Special Forces, Bravo, Special Operations Forces of, Navy Locations: Ukraine, Ukrainian, Russian, Special Operations Forces of Ukraine, Russians, Russia

☆ Ex-Goldman partner Adam Dell reportedly paid multimillion-dollar settlement after sending a sexually explicit video to a coworker
▼ + stars: | 2023-06-16 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

Ex-Goldman Sachs partner Adam Dell shared a sexually explicit video by mistake, Bloomberg reported. Dell paid a multimillion-dollar settlement to the coworker who saw the video, Bloomberg reported. Goldman Sachs CEO David Solomon was among top execs who looked into the complaint, Bloomberg said. She ultimately settled for less, but Adam Dell, 53, still paid a "multimillion-dollar" settlement, Bloomberg said, citing people familiar with the matter. Adam Dell, who founded the investing platform Domain Money, did not respond to Insider's emailed requests for comment on Thursday.

Persons: Goldman Sachs, Adam Dell, Dell, David Solomon, Bloomberg, Michael Dell's, isn't, hadn't, Tony Fratto, Goldman, Insider's, Padma Lakshmi, Kathy Ruemmler —, Barack Obama — Organizations: Bloomberg, Morning, Dell Technologies, Goldman, Impact Venture Partners, Bravo, New York federal, White Locations: New York

☆ Analysis: Why Walmart's new bet on fashion brands, home decor threatens specialty chains
▼ + stars: | 2023-06-15 | by ( Siddharth Cavale | ) www.reuters.com time to read: +5 min

She told Walmart investors its strategy is to "democratize fashion" or convert the company's core, price-conscious shoppers into style-conscious shoppers. It would probably be the rest of the market that should be worried," he said pointing to apparel retailers such as Carhartt. Walmart accounts for 4.6% of the $560.4 billion U.S. apparel market, followed by TJX, Target and Ross at 4.4%, 4.1% and 2.8%, respectively, according to GlobalData. Bankrupt Bed Bath and Beyond was a leader in the home decor and furnishing industry along with furniture chains Ikea and Wayfair. In 2005, Walmart's Metro 7 fashion brand tanked and later designer lines with Max Azria and Norma Kamali also withered.

Persons: Walmart Supercenters, Drew Barrymore, Sofia Vergara, Denise Incandela, George, Ralph Lauren, Rosenblum, Privately, Refinitiv, TJX, Ross, Brandon Maxwell, Clea Shearer, Joanna Teplin, fryer, Sofia Jeans, Vergara, Arun Sundaram, Sundaram, Max Azria, Norma Kamali, Siddharth Cavale, Vanessa O'Connell, David Gregorio Our Organizations: Walmart, Reebok, Saks, Tilly's Inc, Abercrombie, Fitch, Bravo, Netflix, Bed, Amazon.com, Walmart's Metro, Thomson Locations: Bath, U.S, Bed Bath, Walmart's, New York

☆ Private equity risks gorging on its secret sauce
▼ + stars: | 2023-06-14 | by ( Liam Proud | ) www.reuters.com time to read: +7 min

Investors prefer pedestrian but steady management fees over the lumpy share of fund profit that is the industry’s special sauce. Private equity firms with a public listing funnel some of the carry to employees and some to shareholders. TPG (TPG.O) last year went public with a similar strategy of paying around two-thirds of performance-related revenue to employees. Assuming the general idea is to keep overall earnings steady, then higher fee-based income for shareholders must be matched by lower cash compensation for employees. It suggests that for KKR, TPG and the rest, there is a limit to just how much of their own secret sauce employees can eat.

Persons: Steve Schwarzman, Carlyle, Blackstone’s, Schwarzman, Henry Kravis, George Roberts, EQT, Blackstone, Harvey Schwartz, Rowe Price, Thoma Bravo, Jeffrey Goldfarb, Sharon Lam, Oliver Taslic Organizations: Reuters, Blackstone, KKR, Apollo Global Management, JPMorgan, Reuters Graphics, TPG, Apollo, Reuters Graphics Reuters, Alpha, Bain Capital, Thoma, Ares Management, Thomson Locations: BlackRock

We'll help you find where to watch Vanderpump Rules Secrets Revealed in the US and worldwide. Where to watch Vanderpump Rules Secrets Revealed in the USIf you have a cable or satellite package, it likely includes Bravo. You can tune in live there, or log into NBC.com using your provider's login credentials to access Vanderpump Rules live on the web. How to watch Vanderpump Rules live from anywhereVanderpump Rules doesn't air live outside the U.S., so you'll need a VPN if you want to watch it using any of the options discussed above. Find the Bravo channel to watch Vanderpump Rules episode 19 on Sling , or;, or; Search Peacock for Vanderpump Rules episodes on-demand.

Persons: Peacock, Bravo, Tom Sandoval, Ariana Madix, Raquel Leviss, aren't, ExpressVPN Organizations: Bravo Locations: U.S

☆ France's Mistral AI raises 105 mln euros shortly after being set up
▼ + stars: | 2023-06-13 | by ( Sudip Kar-Gupta | ) www.reuters.com time to read: +2 min

The fund-raising highlights the rapid growth of the artificial intelligence (AI) sector as well as Europe's desire to create rivals to Silicon Valley companies such as Microsoft-backed (MSFT.O) OpenAI and Google's (GOOGL.O) DeepMind. Paris-based Mistral AI was set up by former Meta (META.O) and Google artificial intelligence researchers Timothee Lacroix, Guillaume Lample and Arthur Mensch. Mistral AI's fund-raising was led by international venture capital fund Lightspeed Venture Partners. Former Google CEO Eric Schmidt is also a shareholder in Mistral AI. "Bravo to the start-up Mistral AI which has raised 105 million euros just a month after its creation: a record!"

Persons: Schmidt, Xavier Niel, Rodolphe Saade, Timothee Lacroix, Guillaume Lample, Arthur Mensch, Mensch, Mistral, Eric Schmidt, Jean, Noel Barrot, Bravo, Sudip Kar, David Evans, Leslie Adler Organizations: Lightspeed Venture Partners, Microsoft, Meta, JCDecaux, Italy's Exor Ventures, Mistral, Paris, Twitter, Thomson Locations: PARIS, Silicon, DeepMind, Paris, France, Europe, New York , California, London

☆ UBS Just Outlined the Key People Tasked With Integrating Credit Suisse
▼ + stars: | 2023-06-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

Monday marked the official closing of UBS' acquisition of Swiss rival Credit Suisse, a deal both sides weren't exactly thrilled about. Specifically, the bank identified the Credit Suisse execs sitting in positions of power within its investment bank and wealth management division. UBS has not been bashful in hinting at what it is, and is not, interested in integrating from Credit Suisse. Credit Suisse was in rough shape by the time it got acquired, but that's not to say there weren't talented bankers there. Read more about the leaders of UBS' wealth and investment bank teams following its Credit Suisse deal.

Persons: Dan DeFrancesco, we've, Insider's Michelle Abrego, Kaja Whitehouse, that's, Read, Alexander Soros, George Soros, Jeffrey Epstein, Thoma, Nasdaq's, Morgan Stanley, Sam, Here's, Alex Soros, it's, We've, Jeffrey Cane, Hallam Bullock Organizations: Nasdaq, UBS, Swiss, Credit Suisse, Suisse, Credit Suisse execs, Lehman Brothers, George Soros Getty, JPMorgan, Thoma Bravo, Soros, Open Society Foundation, LinkedIn Locations: secondaries, New York, London

Adenza was created in 2021 when Thoma Bravo merged Calypso Technologies with AxiomSL and is expected to generate about $590 million in revenue this year. As part of the Adenza deal, Thoma Bravo will get a 14.9% stake in Nasdaq, making the private equity firm one of the company's biggest shareholders. Nasdaq said buying Adenza is expected to increase the medium-term organic revenue growth outlook for its Solutions Businesses, which designs and develops financial software for investors, from 7%-10% to 8%-11%. Goldman Sachs & Co and J.P. Morgan Securities are financial advisers to Nasdaq, while Qatalyst Partners is lead financial advisor to Thoma Bravo and Adenza. Wachtell, Lipton, Rosen & Katz is serving as legal adviser to Nasdaq, while Kirkland & Ellis is serving as legal adviser to Thoma Bravo and Adenza.

Persons: Thoma, Adena Friedman, Morningstar, Michael Miller, Friedman, Adenza, Andrew Bond, Holden Spaht, Thoma Bravo's Spaht, Goldman Sachs, Wachtell, Lipton, Katz, Ellis, Manya Saini, Anirban Sen, John McCrank, David French, Milana, Michelle Price, Sruthi Shankar, Nivedita Bhattacharjee, Nick Zieminski, Lisa Shumaker Organizations: Thoma Bravo, Nasdaq Nasdaq, Nasdaq, Calypso Technologies, REUTERS, OMX, International Securities Exchange, Rosenblatt Securities, Solutions, Goldman Sachs & Co, Morgan Securities, Qatalyst, Rosen, Kirkland, Adenza, Thomson Locations: New York City, U.S, Adenza, Bengaluru, New York, Washington

☆ Nasdaq deepens fintech push with $10.5 bln Adenza deal
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

Nasdaq said buying Adenza is expected to increase the medium-term organic revenue growth outlook for its Solutions Businesses, which designs and develops financial software for investors, from 7%-10% to 8%-11%. It intends to issue about 14.5% of its outstanding shares to the owners of Adenza, which is controlled by Thoma Bravo. Adenza, which makes software used by banks and brokerages, is expected to hit about $590 million in annual 2023 revenue, Nasdaq added. The upbeat results came on the back of the company's $2.75 billion deal for anti-financial crime software firm Verafin. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are financial advisors to Nasdaq, while Qatalyst Partners LP is lead financial advisor to Thoma Bravo and Adenza on the deal.

Persons: Thoma, Adena Friedman, Tal Cohen, Friedman, Adenza, Goldman Sachs, Manya Saini, Nivedita Organizations: Nasdaq, Thoma Bravo, Solutions, Wall, Goldman Sachs & Co, Morgan Securities, Qatalyst, Thomson Locations: U.S, Bengaluru

☆ Futures rise as focus shifts to inflation data, Fed meet
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +3 min

Goldman Sachs on Friday raised its year-end price target for the benchmark S&P 500 (.SPX) to 4,500 from 4,000, citing the broadening of the market rally. The CBOE volatility index (.VIX) edged up after hitting pre-pandemic levels in the previous week, up 0.71 point to 14.5. Adobe (ADBE.O) shares gained 1.9% after Jefferies raised the Photoshop maker's price target to $530, the second highest on Wall Street. Oracle (ORCL.N) rose 4.1% as J.P. Morgan hiked its price target to $109, ahead of the cloud and enterprise software firm's fourth-quarter results later in the day. Nasdaq Inc (NDAQ.O) slid 7.5% after the exchange operator said it would buy Thoma Bravo-owned software firm Adenza for $10.5 billion.

Persons: Goldman Sachs, stoking, Jefferies, Morgan, Thoma, Shristi Achar, Vinay Dwivedi Organizations: Dow, Nasdaq, U.S, Labor, Traders, Dow e, FDA, . Oracle, HK, Nasdaq Inc, Thoma Bravo, Thomson Locations: megacap, Nio, Bengaluru

☆ Nasdaq CEO Adena Friedman on Adenza deal: Brings more capabilities to each of our clients
▼ + stars: | 2023-06-12 | 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 EmailNasdaq CEO Adena Friedman on Adenza deal: Brings more capabilities to each of our clientsAdena Friedman, Nasdaq chair and CEO, joins 'Squawk Box' to discuss the exchange operator's deal to acquire financial services software and technology company Adenza from private equity firm Thoma Bravo for $10.5 billion, and more.

Persons: Adena Friedman, Thoma Organizations: Nasdaq, Thoma Bravo

"Until we see several months of low or declining inflation, the headline number is still going to be above the 2% target that the Fed has set. Goldman Sachs on Friday raised its year-end price target for the benchmark S&P 500 (.SPX) to 4,500 from 4,000, citing the broadening of the market rally. Oracle (ORCL.N) advanced 4.3%, hitting an all-time high as J.P. Morgan hiked its price target to $109, ahead of the cloud and enterprise software firm's fourth-quarter results later in the day. Technology stocks (.SPLRCT) led gains among the 11 major sectors of the S&P 500 while energy stocks (.SPNY) fell 0.5%, tracking a decline in crude prices. Adobe (ADBE.O) shares gained 1.6% after Jefferies increased the Photoshop maker's price target to $530, the second highest on Wall Street.

Persons: Melissa Brown, Goldman Sachs, Morgan, Thoma, Jefferies, Shristi Achar, Sruthi Shankar, Vinay Dwivedi Organizations: Nasdaq, Dow, Oracle Corp, U.S, Labor, Traders, Oracle, Dow Jones, Nasdaq Inc, Thoma Bravo, FDA, NYSE, Thomson Locations: megacap, Bengaluru

☆ Stocks making the biggest moves midday: Carnival, Nasdaq, Oracle, KeyCorp and more
▼ + stars: | 2023-06-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

The Carnival Miracle cruise ship operated by Carnival Cruise Line is docked at Pier 27 in San Francisco, Sept. 30, 2022. Other cruise stocks also got a boost, with Norwegian Cruise Line gaining about 9% and Royal Caribbean adding 2%. Chinook Therapeutics — Shares soared 58.32% after Novartis announced it has agreed to acquire the biotech firm for up to $3.5 billion. Oracle — Shares of the IT cloud software company gained 5.99% ahead of its quarterly earnings announcement scheduled for after the bell. Wolfe Research upgraded shares to outperform from peer perform in a Sunday note, citing the company's early-mover advantage in the artificial intelligence boom.

Persons: JPMorgan Chase, Thoma Bravo, Morgan Stanley, Wolfe, Alessandro Maselli, Nio, Nomura, Illumina, Francis deSouza, Carl Icahn, KeyCorp, — CNBC's Hakyung Kim, Alex Harring, Samantha Subin, Jesse Pound Organizations: Carnival Cruise, JPMorgan, Bank of America, Cruise Line, Royal, Chinook Therapeutics, Novartis, Nasdaq —, Thoma, Oracle —, Wolfe Research Locations: San Francisco, Royal Caribbean

☆ Nasdaq futureproofs itself, but at 2021 prices
▼ + stars: | 2023-06-12 | by ( John Foley | ) www.reuters.com time to read: +3 min

NEW YORK, June 12 (Reuters Breakingviews) - Nasdaq (NDAQ.O) is catapulting itself into the future - but paying yesterday’s high prices to get there. She pursued this one with gusto, though: Adenza wasn’t for sale when Nasdaq started wooing Thoma Bravo, say people familiar with the situation. Little wonder Nasdaq shares plunged over 10% on Monday. The U.S.-based exchange operator would pay just under $5.8 billion in cash and the rest in new Nasdaq shares, leaving Thoma Bravo with a 14.9% stake. Nasdaq shares had fallen 9.4% by 10.00am EST on June 12.

Persons: Thoma, Adena, Friedman, Bob Greifeld, Adenza, Thoma Bravo, Jonathan Guilford, Sharon Lam Organizations: YORK, Reuters, Nasdaq, Thoma Bravo, Calypso Technology, Thomson Locations: U.S

☆ Stocks making the biggest moves before the bell: Nasdaq, Illumina, Oracle, Carnival & more
▼ + stars: | 2023-06-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Nasdaq — The exchange operator's shares dropped 7.7% following the announcement of its deal to buy Adenza, the software firm owned by Thoma Bravo. Illumina — The biotech stock rose 2% in premarket trading after Illumina announced a CEO transition plan on Sunday. Bill.com — Shares shed 4.8% in the premarket after Morgan Stanley downgraded the expense management platform to equal weight from overweight. Oracle — The IT stock added 4.7% in Monday's premarket as investors awaited earnings for the fiscal fourth quarter expected after the bell. The Wall Street firm upgraded shares to overweight, citing continued demand momentum in the cruise industry.

Persons: Thoma Bravo, Illumina, Francis deSouza, Carl Icahn, Nio, Nomura, Morgan Stanley, Bill.com, Wolfe, —, Jesse Pound, Samantha Subin, Michelle Fox Organizations: Nasdaq, Thoma, Oracle, Wolfe Research, ISI, Barclays, JPMorgan Locations: Monday's premarket

☆ Nasdaq just announced a $10.5 billion deal to scoop up a behind-the-scenes tech provider for Wall Street
▼ + stars: | 2023-06-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +3 min

Nasdaq announced plans to acquire Adenza from PE firm Thoma Bravo. Nasdaq has looked to add new tech solutions to its business under CEO Adena Friedman. The exchange operator announced plans to acquire behind-the-scenes tech provider Adenza in a cash-and-stock deal valued at $10.5 billion. Adenza, owned by private equity firm Thoma Bravo, provides risk management and regulatory tech for banks and brokerages. In the wake of the deal, Nasdaq's solutions business will account for 77% of the company's total revenue.

Persons: Thoma, Adena Friedman, Holden Spaht, Friedman, Freidman, Goldman Sachs, Piper Sandler Organizations: Nasdaq, Thoma Bravo, Wall, JPMorgan, Qatalyst Partners, Barclays, Citi, Evercore, HSBC, Jefferies

☆ How Bravo's 'Vanderpump Rules' and #Scandoval have boosted NBCUniversal's Peacock as streamers increasingly lean into reality TV
▼ + stars: | 2023-06-11 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +5 min

Peacock seized on the recent runaway success of "Vanderpump Rules" to reach new audiences. It also shows the potential for Peacock's reality-TV shows compared to those on other top streamers. The surge shows how Peacock — whose Instagram bio still reads: "Why are you reading this bio instead of watching Vanderpump Rules rn?" Thanks in part to its Bravo catalog, Peacock is in one of the best positions to capitalize on its unscripted TV pile. Recent Parrot Analytics data first published by TVREV shows Peacock had the second-largest US share of demand for unscripted TV programming during Q1, and ample supply.

Persons: Peacock, Jax Taylor, Brittany Cartwright, Lisa Vanderpump, Ariana Madix, Tom Sandoval, Raquel Leviss, we've, I've, TVREV, HBO Max, Scandoval Organizations: West Hollywood, Housewives, Beverly, Bravo, Housewives of, Warner Bros, Discovery, HBO, Netflix, Hulu Locations: West, Beverly Hills, Jersey

☆ Data shows how Bravo's 'Vanderpump Rules' and #Scandoval have boosted NBCUniversal's Peacock as streamers increasingly lean into reality TV
▼ + stars: | 2023-06-10 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +4 min

Peacock seized on the recent runaway success of "Vanderpump Rules" to reach new audiences. Data shows how the streamer's marketing and programming efforts to capitalize on the show's high-profile drama have played out. It also shows the potential for Peacock's reality-TV shows compared to those on other top streamers. The surge shows how Peacock — whose Instagram bio still reads: "Why are you reading this bio instead of watching Vanderpump Rules rn?" Recent Parrot Analytics data first published by TVREV shows Peacock had the second-largest US share of demand for unscripted TV programming during Q1, and ample supply.

If you want to catch up before then, we'll show you how to watch Vanderpump Rules reunion episodes, whether you're in the U.S. or abroad. Don't sweat it: you can find all Vanderpump Rules episodes on NBC's Peacock streaming service in the US. The reunion episodes that aired after Vanderpump Rules season 10's finale were rife with wild moments, but none bigger than the #Scandoval fallout. Where to watch Vanderpump Rules reunion episodes in the USIf you have a cable or satellite package, it likely includes Bravo. Find the Bravo channel to watch Vanderpump Rules episode 19 on live TV streaming services, or;Search Peacock for Vanderpump Rules for on-demand episodes.

Persons: Tom Sandoval, Sandoval, Ariana Madix, Raquel Leviss, Bravo, Peacock, aren't, Bel, ExpressVPN Organizations: Bravo Locations: U.S

☆ Hollywood actors authorize strike as writers still out
▼ + stars: | 2023-06-06 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

LOS ANGELES, June 5 (Reuters) - Hollywood's actors union voted to authorize a strike if contract talks break down, turning up the heat on major film and television studios already grappling with a monthlong work stoppage by writers. No new negotiations are scheduled with the striking Writers Guild of America (WGA), which represents 11,500 film and TV writers. A strike by actors would lead to a broader shutdown across Hollywood and increase pressure on studios that need programming to feed their streaming services and the fall TV broadcast schedule. In the negotiations, actors are seeking higher pay and safeguards against unauthorized use of their images through artificial intelligence. SAG-AFTRA leaders said the industry had changed dramatically with the rise of streaming television and the emergence of new technology such as generative AI.

Persons: AFTRA, Bravo, Fran Drescher, Duncan Crabtree, Lisa Richwine, David Gregorio, Lisa Shumaker, Kim Coghill, Gerry Doyle Organizations: Bravo SAG, Guild of America, Warner Bros, HBO, SAG, Alliance, Television Producers, Walt Disney Co, Netflix Inc, Thomson Locations: ANGELES, Hollywood, Ireland

☆ Can Kim Kardashian save private equity?
▼ + stars: | 2023-06-06 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +3 min

SuperReturn conference gets underway at a time of challenges for private equity. Kim Kardashian joins Harvey Schwartz, Orlando Bravo, and other leaders in speaking at the conference. The uncertainty has made it more difficult for both private equity and venture capital firms to raise money for their funds. Those are bold-faced names in Wall Street's world, but they can't compete with the star power of another conference speaker: Kim Kardashian. It remains to be seen if private equity can keep up.

Persons: Kim Kardashian, Harvey Schwartz, Orlando Bravo, Kardashian, dealmaking, there's, Carlyle's Harvey Schwartz, David Rubenstein, Julian Salisbury, Goldman Sachs, Robert Smith, Orlando Bravo of Thoma, Bennett Goodman, Jay Sammons, Rubenstein, It's, Sammons, Dre Organizations: equity's, Private, SuperReturn International, Vista Equity Partners, Orlando Bravo of Thoma Bravo, SKKY Partners, Bloomberg, Financial Locations: Berlin

☆ How to land a job with Blackstone, Apollo, KRR, and other private equity titans
▼ + stars: | 2023-06-06 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +6 min

Private equity is often seen as the Holy Grail of finance jobs — but breaking in can be challenging. We also have data on private equity pay and the industry's top recruiters. Here is what we found about pay at private equity firms, including Blackstone, Apollo, and Bain Capital. Private equity recruiting has been starting earlier than ever Getty ImagesPrivate equity firms like to recruit young talent from investment banks. These days, the private equity recruiting process has started earlier than ever, resulting in middle-of-the-night interviews with offers being made — and blown up — all before Labor Day.

Persons: —, bymuratdeniz, Blackstone, Samantha Lee, Drew Angerer, Skye Gould, Jon Gray, Grace Koo, Read, Carlyle, Alex Crisses, Thoma Bravo, Warburg Pincus, Wharton's, Axel Springer Organizations: Blackstone, KKR, Service, Apax Partners, Oaktree, of Foreign Labor, Apollo, Bain Capital, Labor, General Atlantic, PJT Partners, Partners, dealmakers, Wall, University of Michigan Locations: Carlyle, Blackstone, Axel

☆ Padma Lakshmi Is Leaving ‘Top Chef’ After Its 20th Season
▼ + stars: | 2023-06-02 | by ( Maya Salam | ) www.nytimes.com time to read: +1 min

“Many of the cast and crew are like family to me, and I will miss working alongside them dearly,” she continued. “I feel it’s time to move on and need to make space for ‘Taste the Nation,’ my books and other creative pursuits. I am deeply thankful to all of you for so many years of love and support.”Lakshmi did not immediately responded to a request for comment on Friday. In an interview with The New York Times earlier this year, she discussed why she had decided to go on the show in the early days of reality television. “It wasn’t about the cat fights and lowest common denominator.”

Persons: Padma Lakshmi, ”, ” Lakshmi, “ Organizations: Bravo, The New York Times

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