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Distressed debt: Gaining control of companies in crisis

Excerpts: Distressed debt: Gaining control of companies in crisis A growing market thus beckons for financial investors specializing in cases of capital reorganization. The objective of such investors is to gain control over a business enterprise requiring a capital reorganization to safeguard it against insolvency through a capital restructuring and by the implementation of a […]

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Notes from Joel Greenblatt’s Special Situation Class

Excerpts: Notes from Joel Greenblatt’s Special Situation Class Market prices fluctuate more than values–so therein lies the opportunity. Why are prices of each company so variable and volatile compared to the value of companies? People invest with their emotions. They process information differently. It is very clear—pick any company you want–the price is very volatile

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Excerpts: Foreigners Become Bank Heads The China Banking Regulatory Commission (CBRC) has approved the appointment of John Langlois and Jeffrey Williams to lead the Shenzhen Development Bank, the Shenzhen-listed bank announced on Friday. Langlois, a former Morgan Stanley banker in China, will represent Newbridge Asia AIV as the chairman of the Shenzhen-based lender. Newbridge, a

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Excerpt: Americans named to head Chinese bank The appointment of incoming chairman John Langlois, a Morgan Stanley officer in China, comes as part of a transfer of a nearly 18 percent stake in state-owned Shenzhen Bank to U.S. firm Newbridge Capital Ltd. Both men have considerable experience with the Chinese banking industry. Williams opened Citigroup

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Excerpts: KKR gets $1B for KinderCare New York leveraged buyout house Kohlberg Kravis Roberts & Co. has struck a deal to sell childcare center operator KinderCare Learning Centers Inc. to a subsidiary of Michael Milken’s and Larry Ellison’s Knowledge Universe Inc. for $1.04 billion in cash and assumed debt. KKR, which took control of KinderCare

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Excerpts: “KKR Strikes (Gold) Again.” Legendary leveraged-buyout (LBO) firm Kohlberg Kravis Roberts struck gold on Friday, as a company in which it owns nearly an 80% interest, child-care and preschool operator KinderCare (OTC BB: KDCR.OB), announced it will be acquired by privately held Knowledge Learning in a transaction set to close before the end of

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Excerpt: Paul Hastings Expands Corporate Practice With Addition of Partner Gregg Vignos Paul, Hastings, Janofsky & Walker LLP (Paul Hastings), a leading international law firm, is pleased to announce today that Gregg Vignos, previously at Pillsbury Winthrop, has joined the Paul Hastings Corporate Department, resident in the San Francisco office. Source: Paul Hastings

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