You’ll be hard-pressed to find a worse man-made blight on this planet than private equity firms. All they are good for is making obscenely wealthy investors even more wealthy while destroying companies in the name of “doing business”. But in the case of Jones & Jones Capital, sometimes doing that business results in a deal…
Gail Porter has revealed that she lost all of her belongings amid her bankruptcy and homelessness woes. The Scottish TV personality, 53, was declared bankrupt in 2017 and is now a patron of the Fair Credit Charity – which alleviates financial hardship through community lending. Appearing on Good Morning Britain on Wednesday to discuss the…
‘Perfect storm’ wipes out Qld builders: Full list of construction failures Gold Coast Bulletin Read the original article here
Since the pandemic, during which insolvency rates were low due to government measures, there has been a considerable rise in insolvencies in the UK and many other jurisdictions. High interest rates have significantly increased the cost of borrowing and many companies are saddled with mountains of debt that was taken out in better times and…
Australia financial regulator ASIC has announced that it has suspended the Australian financial services (AFS) license of Probis Financial Services Pty Ltd, after it was placed into voluntary administration on 17 July 2023. Probis is a Sydney-based financial service provider authorised by ASIC (AFSL 338241) to issue OTC derivative contracts (including Margined FX and Contract…
A deal that would have settled Birmingham’s huge equal pay claims without “bankrupting” the council fell apart after trade unions found members were still suffering discrimination. Birmingham City Council is in financial crisis on multiple fronts. Equal pay claims of up to £760m are among the bills it cannot afford. But since the extent of…
General Atlantic Singapore TL Pte Ltd, Peak XV Partners Investments IV, Peak XV Partners Investments V, Sofina S.A., and MIH Edtech Investments are the companies which have reportedly moved the Supreme Court. They hold 16.75% of the issued and paid-up share capital of the company. Read the original article here
Foreign investors in Byju’s have urged India’s Supreme Court to hear their concerns as judges decide on the future of the insolvent education tech firm, a legal filing shows. New Delhi: Foreign investors in Byju’s, including General Atlantic, have urged India’s Supreme Court to hear their concerns as judges decide on the future of the…
SUMMARY General Atlantic, Peak XV Partners, Sofina SA, and MIH Edtech Investments are among the investors of BYJU’S which have knocked on the doors of the SC Aforementioned investors are seeking the court’s permission to address issues of mismanagement, alleged fund syphoning, financial irregularities, among others Solicitor General of India Tushar Mehta, appearing for the…
Permanent residents of Peninsula Eco Villas and Beach Huts were told last Thursday the manufactured homes park in Capel Sound, Morning Peninsula, was closing next month after the owner RC 1 was declared insolvent in March. The 28 villa owners were told in early April that they would soon receive an offer for their dwellings,…