Ndaz New York Report: Wall St falls for fourth trading session in a row
Thursday 03 July 2014 8:44 pm|Updated:Thursday 06 June 2019 11:48 pmHousebuilder London Square sold to US firm Ares ManagementBy: Michael BowShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleLondon Square, the London housebuilder currently renovating Royal Star Garter Home, has been sold to a giant American private equity firm.US-based Ares Management will buy the company from London Squarersquo current backers Graphite Capital for pound;110m. London Square was founded in 2010 with pound;50m of equity backing from Graphite, which also owns the Hawksmoor steak restaurant chain in London. Adam Lawrence, boss of London Square, said: The backing of Ares Management is a tremendous vote of confidence. Ares runs about $77bn pound;45bn of assets. Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessTrending Arti brumate clesLabour will regret the Rentersrsquo stanley tumbler ; Rights ActUK at lsquo stanley mug ;greatest riskrsquo; of jet fuel shortage as flights to be cancelledJet fuel shortage looms as government scrambles to secure suppliesAfter Santanderrsquo TSB takeover ndash; who are the top players in UK banking Clairersquo Accessories to launch UK high street comebackMore from City AMAres Raises Combined $5.4 Billion for U.S. and Europe Value-Add Real Estate StrategiesBusiness WireLeeds United investor buys stake in Spanish gian Emfo Labour vows to double fines on tax avoidance
Thursday 04 February 2010 8:56 pm|Updated:Saturday 01 June 2019 9:42 amEMIrsquo survival in doubt as itsBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleEMI Group, the beleaguered record label behind artists such as Coldplay and Katy Perry, suffered a pound;1.6bn loss last year.The British company, which is owned by financier Guy Handsrsquo; Terra Firma private equity operation, was hit by a huge impairment charge of pound;1.03bn. It is understood two thirds of the damage came from EMIrsquo music publishing business, while the other third came from a decrease in the value of its back catalogue.T stanley thermobecher he writedown added up with restructuring costs of pound;136m and a pound;722m interest bill on its pound;2.6bn debt pile to push the firm into the red.Before the exceptional charges, EMI produced operating revenue of pound;293m, up 80 per cent year-on-year.Terra Firma will now be forced to go to its own investors to request a cash injection of up to pound;150m to save EMI from breaching its l owala cup oan covenants. Unless the money can be found by the end of June, EMIrsquo lender ndash; Citigroup ndash; will have legal recourse to take over the company. Even if it owala secures this equity, the accounts show that it will face another ldquo ignificant shortfall against a test on covenants in its loans by March 2011.Last year, Citigroup rejected plans to swap
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