Quarterly increases in advisory revenue for Houlihan Lokey Inc., PJT Partners Inc. and Lazard Ltd. powered an aggregate gain in the metric among advisory-focused investment banks in the third quarter. The three investment banks, along with Evercore Inc., Moelis & Co. and Perella Weinberg Partners, had their combined third-quarter advisory revenue rise 2.7% quarter over…
Yandex, the company often described as Russias Google, is seeking Vladimir Putins blessing to sell its operations in the country, spin off its main international projects and appoint a longtime confidant of the Russian president to manage its relationship with the Kremlin. Three people familiar with these moves said that the internet giant has informally…
Nov 24 (Reuters) – Russian internet giant Yandex NV (YNDX.O) is seeking President Vladimir Putin’s approval to sell its operations in the country and spin off its main international projects, the Financial Times reported on Thursday, citing sources. The company has informally enlisted former finance minister Alexei Kudrin to win Putin’s approval, in principle, for…
The intention of the sanctions is to generate tangible consequences for Russiaand affect its ability to function in international markets. Western nations including the UK have imposed sanctions against a broad range of Russian targets including wealthy individuals, banks, businesses, and state-owned operations. Over 1,000 Russian individuals and businesses have been sanctioned by the US,…
Since November 2, 2022, Brighter AB (Publ.) (“the Company”) has been in corporate restructuring with the aim of giving the Company time to negotiate a long-term financial solution and implement operational and organizational changes for profitable growth. The district court has today decided that the reconstruction must cease immediately and the board of Brighter AB…
Former investment banker Carol Roth discusses CEO Bob Igers return to Disney and if there will continue to be an emphasis on activism in the company under his leadership on Fox Business Tonight. Newly returned Disney CEO Bob Iger notified employees on Monday of his plans to “restructure things” in a memo obtained by FOX…
The HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason Lee/File Photo SHANGHAI, Sept 27 (Reuters) – Eleven entities belonging to embattled conglomerate HNA Group, including its flagship carrier, Hainan Airlines (600221.SS), will hold a creditor meeting on Monday, according to a document detailing its debt…
27 September 2021 Consultancy.eu 3 min. read US-headquartered consulting firm Ankura has launched a European restructuring practice, bringing on board several high-profile restructuring specialists from rivals to lead the charge. Founded in 2014, Ankura has over the past years grown into a 1,500-strongconsulting firm that advises clients on a range of strategic, organisational and financial…
Image: iStock / skynesher This article is sponsored by Accenture. The world is now emerging from a crisis never before seen in our times, but with this setback comes a raft of opportunities. The pandemic triggered the reinvention of business models, the restructuring of supply chains and a collection of fast-tracked scientific breakthroughs. Organisations have…
SHANGHAI, Sept 27 (Reuters) – Eleven entities belonging to embattled conglomerate HNA Group, including its flagship carrier, Hainan Airlines, will hold a creditor meeting on Monday, according to a document detailing its debt restructuring plan, seen by Reuters. Under the plan, the 11 entities will be reorganised as a group and most of the group’s…