19 Burst results for "Cvc Capital Partners"
Bloomberg Radio New York
"cvc capital partners" Discussed on Bloomberg Radio New York
"As a restaurant versus purchasing a physical item. Including experiences at pop up restaurants like Golden Girls kitchen themed after the NBC comedy. She dropped a steak knife into her purse. Big deal, I took a whole place there. Not now. Or Barbie, let's go party. The Bella boo Barbie cafe, which operator bucket lister calls an immersive 1970s beach experience. Denise Pellegrini Bloomberg radio, and I'm Susanna Palmer in the Bloomberg newsroom, a rare Sunday acquisition to tell you about Merck and Prometheus biosciences have announced the companies have entered into an agreement under which Merck through a subsidiary has agreed to acquire Prometheus. The price tag $200 per share in cash Prometheus closed at one 1401 on Friday. We're hearing an investor group backed by CVC Capital Partners is in advanced talks to acquire Middle Eastern credit card processor network international holdings PLC for at least two and a half $1 billion. Our source says CBC, the private equity consortium has made multiple proposals to network international. It's said to be discussing a potential offer that would represent about a 56% premium to network's last closing price before Bloomberg news reported on takeover interest in the company. Charles Schwab is set to report first quarter earnings tomorrow, Bloomberg's Janet Wu has a preview of what could be a tough report. The largest publicly traded U.S. brokerage is facing one of the toughest times in its 50 year history, following the banking crisis, deposit sank at Schwab, the stock plunged by 33% last month, its worst month since 1987, and Wall Street analysts have slashed profit estimates. I'm Janet Wu, Bloomberg radio. Schwab is among many companies set to report earnings, among others to watch for this week. That will help define the current economic climate. IBM, Morgan Stanley, Johnson & Johnson, Procter & Gamble, Bank of America and American Express just to name a few. Consumers are feeling a bit sluggish as indicated by the latest figures for retail sales. U.S. retail sales fell for a second
Bloomberg Radio New York
"cvc capital partners" Discussed on Bloomberg Radio New York
"Technology, a company helping college students at Carnegie Mellon university in Pennsylvania, put a robot on the moon before NASA. More than 300 students for quite a few years now have been working on putting robot rovers on the moon. One of them is called iris, and that is due to launch next month. Bloomberg news, cyber and emerging tech reporter Katrina Manson says iris is about the size of a shoebox, small enough to hitch a ride on a private flight. The rocket is private, the tickets, where the lander is private, they've managed to keep project costs under a $1 million. The backing comes from a mix of university support, private donors, and a crowdfunding campaign. Lisa Matteo, Bloomberg radio. And I'm Susanna Palmer in the Bloomberg newsroom, a rare Sunday acquisition to tell you about Merck and Prometheus biosciences have announced the companies have entered into an agreement under which Merck through a subsidiary has agreed to acquire Prometheus. The price tag $200 per share in cash Prometheus closed at one 1401 on Friday. We're hearing an investor group backed by CVC Capital Partners is in advanced talks to acquire Middle Eastern credit card processor network international holdings PLC for at least two and a half $1 billion. Our source says CBC, the private equity consortium has made multiple proposals to network international. It's said to be discussing a potential offer that would represent about a 56% premium to networks last closing price before Bloomberg news reported on takeover interest in the company. Charles Schwab is set to report first quarter earnings tomorrow, Bloomberg's Janet Wu has a preview of what could be a tough report. The largest publicly traded U.S. brokerage is facing one of the toughest times in its 50 year history, following the banking crisis, deposit sank at Schwab, the stock plunged by 33% last month. Its worst month since 1987 and Wall Street analysts have slashed profit estimates. I Janet Wu, Bloomberg radio. Schwab is among many companies set to report earnings, among others to watch for this week. That will help define the current economic climate, IBM, Morgan Stanley Johnson & Johnson, Procter & Gamble, Bank of America and American Express just to name a few. Consumers are feeling a bit sluggish as indicated by the latest figures for retail sales. U.S. retail sales fell for a second
The Tennis Podcast
"cvc capital partners" Discussed on The Tennis Podcast
"Apathy about this and frankly I think ignorance about the landscape and the issues at play and I think part of it is lack of education. I do, I mean Billie Jean King says there should be a rookie school, there should be a rookie school. They should learn their history. I also think a big part of it is perhaps the defensiveness and a protectiveness of the WTA, because I know that the WCA largely responsible for the prize money that they offer, but I don't hold the WTA responsible for not being able to offer more prize money. That's such a narrow way of looking at it. Obviously, the WTA want to be able to offer more prize money and equal prize money. They are not in a position to do that because of the patriarchy because we do not value women's tennis as a whole as a society, the way that we've only men's tennis and we blooming well ought to. And there needs to be an intervention basically in order to equalize things from the men's side. You'd have to say the way Andrea gaudenzi has spoken over the last year is encouraging in that regard in that he has stated a desire for men's and women's tennis to stick together. And if they are, the more they do, certainly, the more often we see equal prize money between the two. I mean, I do think that it's also at a time where the WTO announced this venture capitalism venture capital firm investing in the sport. Yeah, a story that's been rumored and rumbling on behind the scenes for a little while now became official yesterday private equity fund CVC Capital Partners will be the women's tennis association's commercial partner and they will invest in the sport taking a minor stake in the WTA financial details not revealed officially but Sky News reporting that CVC would own a 20% stake in the WTA for a $150 million worth of investment with the firms to establish a new company to oversee broadcasting and
Bloomberg Radio New York
"cvc capital partners" Discussed on Bloomberg Radio New York
"The 19th Asian Games originally scheduled to be held in eastern China are being postponed That's according to the Olympic council of Asia There are concerns about the spreading omicron variant of COVID-19 in the country The games were supposed to take place from September 10th through the 25th The OCA says it had not picked new dates yet China is staying with a zero COVID strategy of lockdowns and other restrictions despite the economic costs Banks led by Goldman Sachs Group launched an €850 million or $896 million high yield bond to back CVC Capital Partners investment in Spain's national soccer league It's the first deal of its kind for the sport in Europe CBC will invest a total of €2 billion in La Liga via an entity that will manage the broadcasting revenues of one of Europe's top soccer competitions With the Bloomberg business of sports report I'm Michael Barr And JIT makes innovation happen It also makes entrepreneurs like Anya o'dwyer founder of innovate a tech driven civil engineering and construction management firm Anya says and JIT is defining the future Extremely important as a hub of disciplines all in one space with all of these brilliant minds NGOs wrong is huge when it comes to defining the future and power from an interdisciplinary point of view They have it all there whether it's the innovation hub the maker space and we're already creating bash collaboration between the disciplines and you have civil engineers speaking to programmers speaking to electrical engineers And together they're creating advancements that we wouldn't have been able to do without those three minds coming together and solving a problem as one rather.
Bloomberg Radio New York
"cvc capital partners" Discussed on Bloomberg Radio New York
"Best to be off the road to let the NY do their job as they clean the streets So be careful bundle up good day to stay home If you don't have to go out Adams says if you are on the road you might get in the way of the plows and emergency vehicles He says just let the storm pass and let city employees do their job of cleaning up Bloomberg's Charlie pellet is out checking conditions in forest hills queens For the most part people are heating warnings to stay off roads You can hear the plows behind me now as I cross queens boulevard which cuts across queens from the Ed cops queensborough bridge to Jamaica There are 6 lanes of traffic plus a service road but right now barely a car to be seen That is if you can see because of white out conditions about the only people I'm seeing outside are the occasional snow shoveler and dog walkers In far cells queens Charlie pellet Bloomberg radio And homeowners are being urged by mayor Adams to shovel out in front of their buildings We're hearing Walgreens Boots Alliance has kicked off the sails process for its boots international drug store unit This as buyout firms including sycamore partners consider bids Bloomberg news has reported boots which mostly operates pharmacies in Britain could be valued at as much as $9.6 billion in a sale Our source says that besides sycamore other buyout firms exploring bids could include TDR capital and the Issa brothers Bain capital and CVC Capital Partners advent international and KKR and company are also said to be studying potential bids We're hearing Walgreens is also considering a potential initial public offering of boots if buyout interest isn't there The global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm susannah Palmer This is Bloomberg This is balance of power with David Weston What do you think about infrastructure in our country We really haven't seen a major investment in roads and bridges from the federal government We do have to make a statement that China that they're not being good citizens on the world stage Where the world of politics meets the world of business with COVID with the extra demands with people leaving the profession There was a nursing shortage business leaders They're all concerned about what worked from home is doing to the cultures of their companies That one's the power with David Weston on Bloomberg radio I'm Joe Matthew in for David west in this week coming up this hour U.S. banks are facing increased scrutiny by the consumer financial protection bureau for the fees they charge you the consumer I'll talk to the head of the agency Rahe Chopra for more on his plans Plus what went wrong with the rollout of 5G cell networks I'll ask former.
Bloomberg Radio New York
"cvc capital partners" Discussed on Bloomberg Radio New York
"Not by a lot the MSCI Asia Pacific index is down about two tenths of 1% Earlier U.S. stocks struggled through a two day sell off the worst since October of last year the latest developments on the strain have been weighing on markets and the U.S. did confirm its first case with one in California The S&P 500 gave up nearly 2% of gains to close down 1.2% on heavy volume The NASDAQ 100 underperformed But a couple of markets that are heavy in technology companies are trading higher in Asia The cost be is up about a third of 1% the tax in Taiwan is up about a half of 1% But again most of the other markets are down In Tokyo the nikkei is down about four tenths of 1% similar losses in Sydney and we just got the hanging index trading down about four tenths of 1% A couple of slightly puzzling stories I suppose some One is razor The razor cofounder and CVC Capital Partners proposing a take private deal offering to take razor profit at two 82 a share $200 82 cents the stock is down 8.6% at two 44 so that's a little tricky to get your head around that You can get paid two 82 but you're selling it and it's down to two 43 So that is it just goes to show you there's always more than meets the eye in these stories And the other one that I found interesting as well with sun city sun city is a penny stock now is trading at only around 14 cents or so but it is up 6% today Alvin shao the CEO resigned from his post as chairman and executive director but Macau confirmed the closure of all sun city hyrule rooms in casinos In that region in Macau All right a couple of quick notes stallion one 1301 the yield on the ten year all the way down at 1.41%.
Bloomberg Radio New York
"cvc capital partners" Discussed on Bloomberg Radio New York
"Administration is admitting inflation is a big problem Press down CNN State of the Union About whether the president's build back better spending plan would actually help ease inflation White House economic adviser Brian D said there's many things the administration can do to combat inflation but said the social spending plan now on the table is the ultimate fix Former Trump adviser Steve Bannon is expected to turn himself in Monday after being indicted for contempt of Congress And refused to honor a subpoena To testify before the House committee investigating the attack on the capitol January 6th Meantime a moderate congressional Republican this morning is weighing whether or not to vote Mark Meadows in contempt of Congress the former White House chief of staff is risking a contempt of Congress citation for reportedly refusing to honor a subpoena from the same committee Michigan Republican Fred Upton told CNN's State of the Union today he's going to wait and hear what the January 6th select committee will do first Upton voted in favor of holding Bannon in contempt I'm Scott Carr And I'm susannah Palmer in the Bloomberg newsroom Mother nature delivered a quick but powerful shot to New York City as a severe thunderstorm swept through the area yesterday afternoon bringing quarter size hail and 60 mph wind gusts New York Post reports of fallen tree blocked traffic on the LIE at douglaston Parkway and at least two trees fell on the subway tracks in Manhattan on west 54th street near tenth avenue a street light fell onto an MTA bus and a rare tornado warning was issued for parts of Long Island Most customers who lost power have been restored according to coned Officials in New York City are investigating allegations that hundreds of firefighters and sanitation workers used forged vaccination cards to evade mayor Bill de Blasio's COVID vaccine mandate The post reports at least 50 department of sanitation workers have been suspended for providing fake vaccine records and fire department officials are investigating the theft of vaccine cards from department vaccination sites The city department of investigation is reportedly aware of the allegations and is in the early stages of a probe Sources say CVC Capital Partners is among the investors considering joining the management of razor Inc in a potential deal to buy the gaming peripherals maker and take it private More from Bloomberg's Greg Jarrett The sources go on to say the buyout firm is working with financial advisers and is Wayne backing a possible privatization bid for Razer led by cofounder and chief executive officer mington The group is evaluating the possible realistic of the company in the U.S. once the privatization is complete Quite Jarrod Bloomberg radio A handful of new Macy's Thanksgiving Day parade balloons including baby Yoda were unveiled for a test flight in Queens yesterday About 200 volunteers flocked to city field to walk the new characters around a test track Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This.
Bloomberg Radio New York
"cvc capital partners" Discussed on Bloomberg Radio New York
"And having her father Jamie spears suspended as her conservator in September I'm Scott Carr And I'm Susanna Palmer in the Bloomberg newsroom Mother nature delivered a quick but powerful shot to New York City as a severe thunderstorm swept through the area yesterday afternoon bringing quarter size hail and 60 mph wind gusts New York Post reports of fallen tree blocked traffic on the LIE at douglaston Parkway and at least two trees fell on the subway tracks in Manhattan on west 54th street near tenth avenue a street life fell onto an MTA bus and a rare tornado warning was issued for parts of Long Island Most customers who lost power have been restored according to coned Officials in New York City are investigating allegations that hundreds of firefighters and sanitation workers used forged vaccination cards to evade mayor Bill de Blasio's COVID vaccine Mende The post reports at least 50 department of sanitation workers have been suspended for providing fake vaccine records and fire department officials are investigating theft of vaccine cards from department vaccination sites The city department of investigation is reportedly aware of the allegations and is in the early stages of a probe Sources say CVC Capital Partners is among the investors considering joining the management of razor Inc in a potential deal to buy the gaming peripherals maker and take it private More from Bloomberg's Greg Jarrett The sources go on to say the buyout firm is working with financial advisers and is Wayne backing a possible privatization bid for Razer led by cofounder and chief executive officer mington The group is evaluating the possible realistic of the company in the U.S. once the privatization is complete Greg Jarrett Bloomberg radio A handful of new Macy's Thanksgiving Day parade balloons including baby Yoda were unveiled for a test flight in Queens yesterday About 200 volunteers flocked to city field to walk the new characters around a test track Globally was 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg Thanks for joining us on the Bloomberg business of sports show where we explore the vague money issues in the world of sports Michael Barnes I'm scarlet foo And I'm Mike lynch And we continue our discussion on the business of golf All you know this guy PGA Tour golfer bubba Watson he has won two masters and he also has a new book out and I hope you get a chance to read it Bubba thank you so much for joining the show Yeah Thank you for having me This is awesome This is one of those stupid questions 'cause I ask a lot of them you know I can't help it What is it like to win the masters Not once but twice Yes so when in the first masters was a dream come true but I personally I felt like it could be a fluke and then the downfall afterwards of the energy loss doing all the different things that sponsors and family had adopted my son two weeks before I won the masters in 2012 So when in the masters in 14 it was more of a pride thing for myself where I proved to myself I could actually win it when in the second time prove how my work was paying off and all those things So I mean winning is a dream come true You can't there's nothing else in sports like it Putting on a green jacket I never liked green so much And so when and twice it was an honor and a privilege to put that green jacket on and always be known as a master champion and a two time master champion Yeah you joined a very elite club in doing so At the same time as you achieved all these things that you wanted to throughout your life the weight of that success was weighing down on you People would think that you achieved everything but there was something else going on What prompted you to kind of take a step back and take stock of what was happening Well I think that we all know life is hard and trying to achieve my goal of being master champion Trying to the best player I could possibly be I missed out on started focusing on some of the negatives focused on not getting enough sleep a focused on not training the right way or practicing enough sort of watching the world rankings I started watching where I was on the FedExCup I started watching who they were talking about and what they were talking about about me negative or positive about me And it was taking me down a dark hole Would that being said now that now bring that off a golf course that's not leads over to my marriage Leads over to me being a parent over to me being a friend Where I'm just not really present You're so focused on this identity put the identity of a golfer on me And that's not who I am It's just what I do for a living And so it took me down a dark a dark hallway dark road and I missed the boat on a lot of things A lot of things in my life that I missed the boat on and I need to get better at and winning the masters once and then twice you think that's it You're at the cream of the crop You're at the top of the list But then Monday happens and you're like well that didn't feel anything That just makes it darker You've got to do it again And so yeah it was a tough road trying to be I mean it doesn't matter what you're doing in life It's a tough road if you're trying to if all you're seeking is to be better at your job it's a lonely road doing that In the book you detail how you went from 210 pounds down to a 162 and there was nothing physically wrong with you according to your doctors and it was pretty much what you've just been talking about Why are you going public with this and sharing sharing this dark side of your experience It's a great question For me to come out I basically my lowest point was 2017 and for me to be better as a man as a husband as a father as a friend I had to voice it It was basically eating me alive inside I don't drink I don't smoke So I was basically my body was healthy except mentally with eating me alive And so I had to get off my knees like it says in the first check of the book And I went to my wife who was in the kitchen that day And I just I just started talking to about everything I said I can't live like this anymore I have to voice this And so fortunate to my wife so me and my wife's relationship to be where it needs to be to create a strong marriage and then being able to voice that to my own kids even though they're young I had the voice to them And it's free It freaked me up And then when this pandemic hit I was like you know what We're sitting here Let's do something positive in this world And so I wanted to share I wanted to share my issues or my thoughts and let people hear it and maybe inspire one or two people and hopefully they realized that life is hard and they get my story and they can relate it to their lives Stay tuned for more of our conversation with bubba Watson And of course his new book up and down victories and struggles in the course of life We're going to talk more about that in the next segment That is straight ahead on Bloomberg business of sports Michael Barr you can follow me on Twitter at big bar sports You can catch me on Twitter at scarlet foo And I'm Mike lynch follow me on Twitter at lynch EW CBD And don't forget to catch our podcast That's Monday's Wednesdays and Thursdays on all your podcasts platforms right here on Bloomberg business of sports from Bloomberg radio You see did you know that 40% of patients have switched healthcare providers because of.
ESPN FC
"cvc capital partners" Discussed on ESPN FC
"Cold feet. Wait we're giving people two billion but we want nessie to be part of it. That's certainly one reading of it. That seems to me to be the most obvious reading The most pro laporta reading. If you will where the poor districts down with massey's agent also happens to be his dad and says hey don't worry about it. We got this all agreed. We're gonna go and scare heavier ted bus and he's going to cave. That's the most obvious reading. But i think it goes beyond that they might want to blow up the cbc deal because ultimately longer term it means madrid good in barcelona giving up a lot of control not just two league but to cvc capital partners as well to an external investment group who are going to have all sorts of confidence and what they do I think there's a third possibility which is sometimes happens. You you agree deal but then it comes down to sign the papers and say hey by the way it's going to cost you an extra million here and extra million there so those are kind of the three scenarios we don't know but tomorrow morning at eleven o'clock local time john there will be addressing the median. Hopefully we'll get a little bit more clarity but you know what i wouldn't hold my breath. Okay so let's just say he leaves that. This is done that. Whatever is going on sees him leave barcelona. According to the bookies joel's ps g. is the most likely of destinations first off if ps. G wanted this to happen. Could they make it happen. The only believed that they crude yes. They've been working on on a potential offer. Let's call it that way for weeks. Now we've we've mentioned in many times on the show that never believed that he would leave barcelona but just in case to be ready. If that day happened and that it could be today then they want it to be ready and to be able to offer macy something. We know that they contact between the family and and has always been on and certainly they believe that they would have enough especially the summer when financial on holidays. Let's put it that way that this could be the time that you could keep neymar who's already extended contrived you can still buy probably for the last year and then at see to your to your squad roster and that it could make this work. I've always been skeptical in terms of numbers that they couldn't afford all of them. And now you also have to odds why not and ruma and social raimondo's wages that transfer fees for hockey me. He's wages as well so they will also have to. Which is all part of the plan. The certainly or the right now being told they believe he would stay and this big breath they seem to be ready potentially to make him an offer and i can only see them being able to afford him. Good operate skate while you giggling so much at the list of potential destination. It's all the all the familiar names. And then i see inter milan and myself. Is this the only scenario. I think unless there's something i don't know. Even if lukaku leaves the only scenario i think in which messy moves into it is the one where messy goes and buys the club from soothing. And i really would be goes there reviews even interphone all along. He's gonna pay play for free or something but man. Yeah no. I saw that myself. I don't know who makes these off. There's a lot of little stopped behind them. My favorite ones. Nmls club right. Well i mean you're not gonna put doubles at columbus my new england revolution idiom six. No he's not guns this avenue. Mls clubs struggled but second cold. One thing into miami. La galaxy usual suspects. Nothing is not well not at that point. So how cain would you be to see him at. Ps gee just think it'd be nice to see them going somewhere else. That's nothing against barcelona. Think a little bush for him towards the end of his career. Because everybody's career comes tnn and there's no doubt is not there yet but it's heading that way and i think it would do but i think as a player something's been do do you as good. A change is good as arrest and Yeah i.
The Energy Gang
"cvc capital partners" Discussed on The Energy Gang
"After thirty years of our indian commercial proof. Hundreds of billions and institutional dollars are pouring into now conventional tech like wind solar and batteries. But there's a whole new class of technologies that are ready to scale off. Where will the next commercial break deuce come in with the money get to them fast enough katherine hamilton is my co host. She's the co founder and chair of thirty eight north solutions. Hi catherine hi. I'm so excited for this week's episode especially with someone who just got married and that person who just got married is our guest co host. Neko's boulay a senior vice president at a line climate capital. She is with us from. Where are you san francisco. I am in oakland california oakland. You're in oakland and you just got married. How was the wedding i. It was amazing when people say it's the best day of your life. I totally understand. I wish i could relive them over and over again. So neck is the former director of energy innovation at elemental accelerator which is a nonprofit climate tech investor. She's also worked at. Pg next era on the corporate side and energy trading resource planning and customer experience and neka is also the founder of green tech noir community for black professionals who are looking to create change and grow their careers across a wide range of clean technology. And your nickname is a pedia. Where'd you get that name I have been known for Giving a lot of background facts. But i think it's mostly because my college sport was academic quiz bowl so i was at hampton university. We went to nationals three years in a row. And i'm a proud nerd. I don't know academic quiz bowl. How does that work exactly so you are competing with teams in a jeopardy style competition. An it's one university against the other across all things Common knowledge deeper knowledge whether that's politics sports art science math And if you buzz in and give the right answer your team gets a point If you buzz in and give the wrong number of insert wrong answered. No one on your team can answer properly and it goes to the other team. So it's a mixture of knowing understanding the knowledge that you know but also understanding the knowledge that your teammates. No and being able to buzz and fast. Enough to get a a winning points catherine. What do you think should be started quiz bowl show with necker. Oh my gosh. Just for comparison. My college sport was sorority ice hockey. That's what i was doing at the same time. That neka was being smart ice hockey sons very fun. there's a lot of balance still team and coordination. It is indeed. It allowed me to do things that i don't do you any more just like hurt people. Well we brought neka on to talk about where money is going in the next round of breakthroughs because there are now trillions of dollars institutional capital prime for climate related investments. And just this week. The firm of our former co host jigger shah generate capital closed a two billion dollar fund to support everything from h upgrades to bio gas geothermal to community solar. And that's also what a line. Climate capital is focused on as well negawatts sectors. Are you all focused on. We are really open. Our firm was founded to invest in the technologies that are going to either accelerate towards a green economy or help stop climate change so for us that means everything from renewable energy clean transportation resilient an efficient infrastructure to sustainable land use and all of those holds a multitudes absolutely and we can dig into some of those nigga has also seen capital deployment from a few different angles inside corporations helping startups at elemental accelerator and now working with institutional investors and as heard on previous show there is also a record seventeen billion dollars in venture capital going into climate tech twenty twenty so with all this money dropping into the space. Where can it have. The highest impact. What are the areas where we have commercial viability. But we still need to see significant breakthroughs and a lot of those breakthroughs will come because of that institutional capital so nigga are there broad sectors where you think that applies right now. Yeah absolutely i think. There's i believe that. There's a lot of money that needs to go into the pre commercial space. There's a lot of capital intensive tack that needs support on the early end whether that's space technology or battery chemistries. But once we find that companies have a commercial product. There's a lot of interest in them. But they don't always have the support to do wide scale deployment or understand the complexities of who their partners are and what it takes to serve them so some of the areas that i'm really excited about our heavy duty. Trucking or even the ways that people are thinking about mass transportation of people which is very different from mike grimm ability and what makes these areas really hard to scale are just the sheer amount of stakeholders who are involved. So we know about the high speed rail project in california and all the pieces that went towards it and it still didn't get off the ground right so now imagine a private company trying to think about trains or mass transportation on the other side when we look at the way that the united states was designed and westward expansion. It's the world of the car and we talk about route. Sixty six and there are a number of small towns that were built up around gas stations and restaurants. But if we're changing the way that trucking is happening waiting to make sure that some of those petrol stations are being changed to ev charging stations and understanding. How do fleet electrification at scale. So it's really cool to watch some of these companies get funding seeing some of these fleet electrification companies. Get a lot of attention but the end of the day where we need a lot of support is. How do we connect all of those. What's the sauce that brings people together. And who is the underlying layer. That makes this transition. More seamless yes. So i talked to marissa's sweeney who is with generate capital. And as you said they just two billion and it was from pension funds in australia sweden and the uk and it's and she's a huge fan of mecca by the way And what they see themselves as not completely different from from what naked just described with climate capital is. There's this bridge to bankability that you need and you need someone to do kind of the hard work you have the technology and you have the customers in the market but you still need that bridge before the big banks will really invest and so trying to figure out. What are those technologies and she said you have to look forwards and backwards and you have to look backwards. You gotta like look and see what's coming down the hill at you like what what's going to be happening. That's coming your way and then you also have to be able to look forward to say all right as it's coming your way and you're trying to figure out how to invest what can go sideways and what can go right. And how do you kind of guide that and so see neck what you do. And what folks generate do as really the hard work of you getting projects to scale and and that can be in a lot of as you say a lot of different sectors some of them in sectors disaggregated as buildings or heat pumps and then some that are sort of the bigger Sectors where you're trying to figure out. How do you saw her kind of those big problems. Yes so let's walk through a few of them. You mentioned trucking right off the bat neka. Do you think the breakthroughs need to come in the actual build out of the drive train in the models of trucks or is it the infrastructure surrounding Heavy duty trucking electrified. Heavy duty trucking. That needs to happen. Obviously it's a combination of both but when it comes to considering where the dollars should be spent. Do you have any thoughts on where the highest impact would be sure. I met person who's driven towards action. Strong bias towards action. And i think that the drive train can always get better. The technology can always get better but climate has changed We're seeing these massive wildfires terrible flood all these things that are happening and we honestly don't have the.
Bloomberg Radio New York
"cvc capital partners" Discussed on Bloomberg Radio New York
"Is Bloomberg Radio Now on Global News Update. Police are investigating a bomb threat at the Fort Lauderdale Hollywood International Airport. Operations were suspended for more than four hours this morning, while Obama squad swept two terminals. Nothing was found and the busy airport reopened around 12 30 local time. The death toll from the Florida condo collapse continues to rise. Officials say More bodies were discovered in the rubble overnight, bringing the total to 86 victims. 43 people remain unaccounted for, Miami Dade County Mayor Danielle Levine Cava told reporters. The work has been long and extremely difficult. This is day 17 of the massive recovery effort at the site. A cat has survived the collapse and has been reunited with his family. Cameron Fairchild reports Being the lucky black cat lived on the night floor of the building, which crashed to the ground two weeks ago, killing dozens of people. He was found wandering near the rubble and recognized by people in the neighborhood. Thinks has been reunited with family members who survived the collapse. I'm Cameron Fairchild, a pair of Confederate statues are no longer standing in Charlottesville, Virginia. Onlookers cheered as crews used heavy equipment to remove the Robert E. Lee statue early this morning. A statue of Thomas Stonewall Jackson came down a short time later. Pope Francis is expected to give his weekly Sunday prayer from a window of a hospital in Rome. The planet remains hospitalized as he recovers from colon surgery. A Vatican spokesperson said. The pope is gradually resuming work after undergoing treatment for diverticulitis. The condition is an inflammation caused when small sacks developing the walls of the colon. Richard Branson will be launching into space before fellow billionaire Jeff Brazos, the owner of Virgin Galactic's voyage, is set to take place just nine days before the former CEO of Amazon takes off for his own trip to space in one of his blue origin rockets. Branson says the goal and the mission of Virgin Galactic is to open space to humankind. Sunday's launch will take place in the New Mexico desert. I'm Chris Caravaggio. The NYPD is searching for an inmate who escaped from a floating jail docked off the South Bronx David Folk, Thomas reports The New York Post reports 30 year old David Mordecai EV slipping through his cell window at the Vernon See Bane Correctional Facility sometime early Saturday morning. The jail is known as the barge and is located near the Hunts Point Market. Mordecai EV was arrested in April of last year for allegedly robbing a man while pretending to be a cop in Sheepshead Bay, Brooklyn. David Folk. Thomas reporting. Britney Spears is looking for a new lawyer to help end her conservatorship. TMZ reports, Spears is hoping to hire former federal prosecutor Matthew Rosen guard to handle her current affairs. This comes after Britney's court appointed lawyer in her conservatorship resigned earlier this week Pop star has been seeking to end her conservatorship that's been in place. Since 2000 and eight Shark Week is about to make a splash. The summertime tradition is back for its 33rd year on the Disney Channel. Fans will get new insight into the oceans, biggest creatures and top predators. They'll also see the first ever shark competition Docuseries. Several celebrities will be diving in as well, including William Shatner, Tiffany had ish and Brad Paisley. Shark Week takes its first bite on Sunday and runs for eight days. An overdue library book has been returned over 300 years later, officials at the Sheffield Cathedral in England said the book published in 17, Oh, nine, had arrived by mail with a note explaining why it was returned. The book was found in the estate of a woman who had passed away in her will. She requested the book titled The Faith and Practice of a Church of England Man be returned to its rightful place. The Reverend Keith Pharaoh, vice dean of the church says they will not be finding the person who returned it. The NBA Finals continues. Sunday is the best of seven series shifts to Milwaukee. The sons took the first two games in Phoenix, making Sunday's Game three. A crucial one. For the Bucks. The sons are just two wins away from winning their first ever championship. I'm Chris Caravaggio, and I'm Susanna Palmer in the Bloomberg newsroom global finance chiefs signaled alarm over threats that could derail a fragile recovery. This as they finished up that meeting in Venice this weekend, The group of 20 ministers said new variants of the coronavirus and an uneven pace of vaccination could undermine a brightening outlook for the world economy. Meantime, the U. S economy is entering a new phase as economists raised growth forecasts and we get more about that from Bloomberg's Charlie Pellet fuelled by why it spread vaccinations, government stimulus and the lifting of most covid 19 restrictions. The U. S economy likely expanded in the second quarter at one of the fastest pace is in decades. This, according to Bloomberg's latest monthly survey of 75 economists, GDP growth this year is projected to average 6.6% the second best year since 1966 strong consumer balance sheets an itch to spend. On robust private investment are underpinning that growth. Charlie Palette, Bloomberg Radio. Will be on the watch in the week ahead for earnings reports to start rolling in, most notably from banks, including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo. Nadia Lovell, senior U. S equity strategist at U. B S Global Wealth Management is ready earnings kick off next week. We are expecting another strong quarter of earnings and at the end of the day what drives the stock market is earn end. We're hearing private equity firm Lone Star funds is nearing an agreement to acquire chemical producer AOC from CVC Capital Partners are sources saying the deal to buy the composite resins business for more than $2 billion could be announced in the coming days..
Bloomberg Radio New York
"cvc capital partners" Discussed on Bloomberg Radio New York
"Blatant politicking at the White House. I'm Brian Show. And I meant about role is in Hong Kong here. This house top business stories and the markets. Hong Kong may lock down sections of the city this week to curb a spike in virus cases. It's the MP reports, movements in parts of Calhoun may be restricted, tens of thousands of residents would be affected Stocks on the Hang sang it down around 1.5% on the report. We also hear the Hong Kong government may offer dollar denominated green bonds, a serious of fixed income investor calls on the 5 10 and 30 year notes will start next Monday. The government reportedly wants to price the dealers earliest Tuesday. Bank of America plans to pay its stuff special bonuses for their work during the pandemic Employees only $100,000 or less will receive an extra $750 higher paid employees will be given a stock award instead, around 85% of staff were working from home. Macedo is in talks to sell it shampoo and affordable skincare. Business. Sources say CVC Capital Partners may buy it for up to $1.9 Billion should Saito is shifting its focus to premium beauty products were told the company's board will vote on the deal soon. And Google is threatening to disable its search engine in Australia if it's forced to pay local publishers for news I proposed, Lauren tends to compensate news outlets for the value their stories generate for the company. Google's been lobbying against Australia's plan for months. The threat to remove its search engine is the company's strongest reaction. Yet markets in Asia They're a little down bait this Friday. Japan, China, Taiwan, Australia all in the raid, along with Hong Kong was I mentioned Currencies, a declining against the greenback. Big coin. Meanwhile, just about that 30,000 level it did fall below that earlier, and he's looking to end the week about 20% lower W T I and Brent crude also off more than a percent. Global news 24 hours a day on it. And, um Bloomberg quick take power by more than 2700 journalists and analysts in more than 120 countries in Hong Kong. I'm Annabelle Drillers. This is going Berg, you're listening to.
Bloomberg Radio New York
"cvc capital partners" Discussed on Bloomberg Radio New York
"To implode. Trump Plaza with all proceeds plan to go to the boys and Girls love of Atlantic City, Barbara says it's disappointed I'm some properties. And I'm Didi's Pellegrini in the Bloomberg News Room. There's a deal of foot in the sandal business, sources say. Birkenstock is in talks for a takeover by CVC Capital Partners. The German brand is nearly 250 years old. A deal could value. The Burke is maker and almost $5 billion, including death. Does added government stimulus mean more people will be buying gym shoes. Well, apparently, it does be Riley. Security seems to think so. They raised their recommendation for footlocker from buy to neutral. Analyst Susan Anderson writes that an added $600 stimulus check should help drive sales into the first half of 2021. There's likely to be an increased to 2000 with the Democrat controlled Congress. They say they expect higher priced items to see the most benefit. And as a result, Anderson season upside to street comp sales estimates. Gregg Jarrett Bloomberg Radio president elect Joe Biden, announcing he's selecting Gary again slur to lead the SEC. He's a former chairman of the Commodities Futures Trading Commission, and he's also worked at Goldman Sachs and Bloomberg's Jen Epstein says. Well, bite this a moderate, It won't be business as usual in the banking industry. I think that what you're going to see from Biden is a continuation of some of the Obama era policies. I think you're also going to be I think getting a bit tougher by it. And sort of has this populist strain that behind gets lost when he talked about as a moderate? Hey, somebody who Who? Yes, he you know, opposing bankruptcy law back in 2005, But he's also somebody who really fights for consumer protection. And you know thanks a lot about the little guy and you know it kind of does. C. The banks of fat Pat. US markets closed for the Martin Luther King holiday. Germany stacks finishing the day up 4/10 of a percent a cack up attended 4%, the footsie down 2/10 of a percent. Will lose 24 hours a day on Arugam Bloomberg quick take powered by more than 2700 journalists and analysts and more than 120 countries. I'm Denise Pellegrini. This is Bloomberg. Thank you so much for joining us on this holiday edition of Bloomberg Daybreak. The markets are closed for the Martin Luther King holiday. I'm Nathan Hager. This hour. We'll look at what's ahead for the economy in 2021 focus on next week's Federal Reserve meeting with NatWest Markets. Chief U. S economist Kevin COMMENTS Plus Joe Biden officially takes office in two days. We look ahead to the 1st 100 days of the Biden administration with Bloomberg White House reporter Mario Parker. First we turn our focus to bank earnings last week. Of course, we heard from J. P. Morgan Chase, Wells Fargo and Citigroup, and it is another busy couple of days ahead. So for more we're very pleased to welcome Allison Williams, senior financial services analyst at Bloomberg Intelligence, along with Bloomberg Radio and Television. Financial correspondent Shonali Bosic. Great to have both of you with us on this holiday. I'll start with you, Alison because bank earnings resume of course tomorrow with Goldman. Sacs among those reporting. What are you going to be focusing on with Goldman? So for Goldman as well as Morgan Stanley, we are going to want to see if there's any update to their targets. Both companies Get out line instead of targets last year about this time ahead of the global spread of the pandemic. What are they thinking in terms of realistic return targets for 2021, But beyond that, um, for Goldman, we're going to focus on market share as well as capital return so that Well is its large piers is allowed to resume by backs in the first quarter. They've said they're going to do that. They seem to have a significant amount of potential to the cap. Just given where their dividend payout is. They performed better in the stress test in December versus June, Could that mean potentially an improved Capital requirement and more upside, the capital returns to Capitol return is really the focus for Goldman will also be looking to see any updates on some of their growth initiatives, including the cash management business. As well as, um, their markets markets business and then for Morgan Stanley. It's their first quarter incorporating e trade. They've made two acquisitions, and they announced their plan. What are they thinking in terms of their outlook and Alison? Of course, As far as Goldman goes when it comes to Capitol targets, given their position is an M in a field leader could the flurry of activity that we saw at the end of 2020 be something on the upside for them? I think it is going to be something on the upside for them as well as Morgan Stanley and S O. The interesting thing about Emma is that we get the announcement. So we have sort of a good visibility in terms of the feet. Pipeline. Um You know, pending. You don't get a big shock where execution of those deals, Eyes impacted, but we saw sort of M and a activity come to a standstill earlier in 2020, But we left three year on a particularly strong note for that business and to your point, Bowman's a feed leader, Morgan Stanley is also very strong there as well. The other thing we're going to look to continue this quarter is equity fees that the other business that spend on buyers. So all of these, I pose that we've seen. We believe it was a record year for global volume, both for traditional I pose as well as a strength and the SPAC space. And so that's another area where we think we're going to see potentially some upside. Finally, I want to bring you into this conversation because before the pandemic took hold costs were in focus to quite an extent for Goldman Sachs. You spoke with Goldman CEO David Solomon earlier this month and talked a little bit about one aspect of costs the overhead when it comes to employees, perhaps coming back to the office during or after the pandemic. Let's take a listen to What David Solomon had to say, I I certainly would expect that we'll have Goldman Sachs employee is back in full By the end of the year. We will get through this on dime, really hopeful that.
Bloomberg Radio New York
"cvc capital partners" Discussed on Bloomberg Radio New York
"Gonna go switch gears. We got to talk about some of the market activity that we're already seeing this new year, including once again, an active market to take companies public. Amazing. Just a couple weeks in right, Tim the 2021 I po market, often runny. We cut up With Bloomberg News deals. Reporter crystals see to hear about the activity. We we really are saying the yet with very, very sizable on high profile IPO's just this week, we have seen at least six companies when public in New York on that includes Petco, and that includes a firm posh Mar. A lot of them are consumer facing companies. We have seen a bunch of technology companies went public. Laid in the quarter. But let it be consumer attack. 2021 is going to be a year of another record year, potentially for IPO's. We already have seen, you know, certain companies come out and say that they have either confidentially found or engaging advisors on listings, so not only that we are potentially going to Seymour directly saying given there now. Able to raise cos I would raise a proceeds from from these transactions. So all in all, it's gonna be a big year for E. C. M. For capital markets on bit's The best is one of the best start in the year. That was seen s Oh, yeah. Petco and Theodore options really help them in terms of growth, And it's not just a short term, um, actual term boost in revenue or in business that they're gonna see. People who adopt during the pandemic are going to have the pet for the next decade or so, And that really helped him and it's the same train that they see in the suburbs and in cities. Um so in terms of extension, um millennials, getting pets and covert definitely have been a driver. Echo a name that's going public for a second time and with a great ticker. We're talking about Petco Health and Wellness, which follows the pop prints of chewy, which went public last year and bark expected This year via SPAC. Let's not forget that Julie was a cover story at Bloomberg Business Week. I mean, it's all about everybody's pets. I do want to say, though, that the owner of the animal supply chain store Petco Man, they raised 864 million in that I po. Yeah, a lot right, and it returned the retailer to the public market 15 years after it was taken private. The company, which is changing its name to Petco Health and wellness Company, in conjunction with the listing sold 48 million shares for $18 each No. After the I P. A Petco will continue to be controlled by its current owners that includes CVC Capital Partners and Canada Pension Plan Investment board. They acquired Petco for 4.6 billion from TPG and Letter Green and 2016. A decade after those two firms took Peco private. It's one of those Harvard Business School's case, but it is I got to say yes, absolutely is. It also speaks to the cycle of this stuff, right public private, private public right, which we see a lot and in the process. Everybody's making a lot of money along the way we could. Up with Petco CEO Ron Coughlin and of that ticker, by the way, Let's get back to that. It's w 00 F wolf. Let me start with what hasn't changed. That hasn't changed is the mission of the company to really improve the lives of pets? Pet parent has always been in the hearts. Of the folks who work at Petco. But what's changed is we really retooled the business. Instead of being a big bag of dog food in a cart type company. We really become a complete partner for the health and wellness of a pet parrot, and we're really the only ones that can do that. Because we're the only ones who have a veterinary hospitals. Training, grooming that they online and the mass players don't have we have the highest and food with on Lee, retailers said. We're getting rid of artificial ingredients getting rid of shock collars. And then we have strong e commerce and our stores, which are now called pet care centers that Maura um or are working together. So here's an amazing fact for you 80% or e commerce orders are getting fulfilled. Who are pet care centers, which just gives us faster to the customer and lower costs versus competition, Right? You don't have to have these huge what massive distribution centers. We call that right? We call these micro distribution centers. Yes, and it really gives us a competitive edge. We talked about it as forward deployed inventory. Ron, I gotta say, I love dogs got my dog scout. She's quite the spoiled little critter. But what's interesting is that I've talked with the CEO of two. We follow this sector because it has really exploded. We have definitely seen it take off. Where's the most growth? Is it the healthcare side of it and the pet care centers? Is that it? Is it merchandise? What is it? So you're seeing explosive growth and services. So that's where we're putting a lot of effort. We're building out the fastest. That network build out in history really focused on The affordable vet care. 70% of pests don't get the care they need because of affordability. So we're rolling out 70 that hospitals a year, so that's a big growth area. And the other growth area is around digital. And that's where you know we were growing 20 to 30% before Cove it and we're growing 90% last quarter in our digital offering, So you're seeing that competitive it Competitive advantage Come through. Listen, we know the pandemic. I'm sure you've asked been asked this question A million times have forgive me. The pandemic led to people Adopting a lot of pets I know is I walked my dog over the last year. The streets were kind of littered with you could see the various, you know, pet retailer's e tailers boxes. Everybody was buying things for their pets argue at all concerned that as we all eventually get back to work that maybe that focus on our pets changes. Yeah, So, So first we have 3.3 million new pets in America today. Based upon what happened in covert and people needing a little more joy in their lives and those adoptions, and those need to be said they need to be groomed. They need to be trained and they're going to be vaccinated so that provide the lift the entire category in terms of change of behavior. The good news is more and more companies and plays or talking about working from home, so that should be good and more more employers are becoming dog friendly, so we don't anticipate and his history says There's not a lot of, you know returns if you will with live pets, so and if if you know where we actively try Tol, make sure that pets are put in homes. Peco Foundation Save 401,000 lives a year from euthanasia, and we're dedicated, trying eliminate euthanasia, so We're gonna be a catalyst for making sure that nothing bad happens. Excited, responsible pet ownership. That's the thing that I think you know, everybody needs to know about because that is going to help you in your cause there. Hey, brick and mortar. How important is that? Like I do you guys think about That you need to have to some extent, some saturation almost like a Starbucks where people if they're moving around, they need something for the pets that they see Pepco's everywhere. How important is that to the business story for you guys? You know, we're comfortable with our footprint will. What I will tell you is our brick and mortar pet care centers are absolutely sources of competitive vantage. You think about it right? They are the salons for pets. They're the hospital for pets and even the schools for peds s O R services make you know we get much more utilization than your traditional retailer..
Bloomberg Radio New York
"cvc capital partners" Discussed on Bloomberg Radio New York
"We got to talk about some of the market activity that we're already seeing this new year, including once again an active market to take companies public. Amazing. Just a couple weeks in right, Tim the 2021 I po market, often runny. We cut up The Bloomberg News deals reporter Crystal Sea to hear about the activity. We we really are saying the year with very, very sizable on high profile IPO's just this week, we have seen at least six companies when public in New York on that includes Petco, and that includes a fair impartial are a lot of them are consumer facing companies. We have seen a bunch of technology companies went public. Laid in the quarter. But let it be consumer attack. 2021 is going to be a year of another record year, potentially for IPO's We already have seen, you know, certain companies come out and say that they have either confidentially found or engaging advisors on listings, so not only that we're all potentially gonna Seymour directly saying given there now. Able to raise cos I would raise a proceeds from from these transactions. So all in all, it's going to be a big year for E. C. M for capital markets on but it's the best it's one of the best start in the year. That was seen s Oh, yeah. Petco and Theodore options really help them in terms of growth. And it's not just a short term ex, actual term boost in revenue or in business that they're going to see people who adopt during the pandemic are going to have a pet for the next decade or so, And that really helped him and it's the same train that they see in the suburbs and in cities, um, so in terms of extension And Millenials getting peds and covert definitely have been a driver, Peco, a name that's going public for a second time, and with a great ticker. We're talking about Petco Health and Wellness, which follows the palm prints of chewy, which went public last year and bark expected This year via a speck. Let's not forget that, too. He was a cover story at Bloomberg Business Week. I mean, it's all about everybody's pets. I do want to say, though, that the owner of the animal supply chain store Petco Man, they raised 864 million in that I po. Yeah, a lot right, and it returned the retailer to the public market 15 years after it was taken private. The company, which is changing its name to Petco Health and wellness Company, in conjunction with the listing sold 48 million shares for $18 each Now, after the I P. A. Petco will continue to be controlled by its current owners that included CVC Capital Partners and Canada Pension Plan Investment board. They acquired Petco for 4.6 billion from TPG and Letter Green and 2016. A decade after those two firms took Peco private. It's one of those Harvard Business School's case, but it is I got to say yes, absolutely is. It also speaks to the cycle of this stuff, right public private, private public right, which we see a lot and in the process. Everybody's making a lot of money along the way we could. Up with Petco CEO Ron Coughlin and of that ticker, by the way, Let's get back to that. It's w 00 F wolf. Let me start with what hasn't changed. That hasn't changed is the mission of the company to really improve the lives of pet pet parent has always been in the heart. Of the folks who work at Petco. But what's changed is we really retooled the business. Instead of being a big bag of dog food in a cart type company, we really become a complete partner for the health and wellness. The pet parrot, and we're really the only ones that can do that because we're the only ones who have a veterinary hospitals. Training, grooming that they online and the mass players don't have we have the highest and food with on Lee, retailers said. We're getting rid of artificial ingredients, getting rid of shock collars. And then we have strong e commerce and our stories, which are now called pet care centers that Maura um or are working together. So here's an amazing fact for you. 80% of re commerce orders are getting fulfilled through our pet care centers,.
Bloomberg Radio New York
"cvc capital partners" Discussed on Bloomberg Radio New York
"About some of the market activity that we're already seeing this new year, including once again, an active market to take companies public. Amazing. Just a couple weeks in right, Tim the 2021 I Po market often running, we cut up The Bloomberg News deals reporter Crystal Sea to hear about the activity. We we really are saying the year with very, very sizable on high profile IPO's Just this week, we have seen at least six companies when public in New York on that includes Petco, and that includes a firm posh bar. A lot of them are consumer facing companies. We have seen a bunch of technology companies went public. Laid in the quarter. But let it be consumer attack. 2021 is going to be a year of another record year, potentially for IPO's We already have seen, you know, certain companies come out and say that they have either confidentially found or engaging, advises on listings, so not only that we are potentially gonna Seymour directly saying given there now. Able to raise cos I would raise a proceeds from from these transactions. So all in all, it's going to be a big year for E. C. M. For capital markets on it's the best. It's one of the best start in a year. That was seen s Oh, yeah, Pickle in the adoptions, really help them in terms of growth, And it's not just a short term, um, actual term boost in revenue or in business that they're gonna see. People who adopt during the pandemic are going to have the pet for the next decade or so, And that really helped him and it's the same train that they see in some suburbs and in cities. Um so in terms of extension, um millennials, getting pets and covert definitely have been a driver. Echo a name that's going public for a second time and with a great ticker. We're talking about Petco Health and Wellness, which follows the palm prints of chewy, which went public last year and bark expected This year via a speck. Let's not forget that Julie was a cover story at Bloomberg Business Week. I mean, it's all about everybody's pets. I do want to say, though, that the owner of the animal supply chain store Petco Man they raised 864 million in that I po. Yeah, a lot right, and it returned the retailer to the public market 15 years after it was taken private. The company, which is changing its name to Petco Health and wellness Company, in conjunction with the listing sold 48 million shares for $18 each No. After the I P. A Petco will continue to be controlled by its current owners that includes CVC Capital Partners and Canada Pension Plan Investment board. They acquired Petco for 4.6 billion from TPG and Letter Green and 2016. A decade after those two firms took Peco private. It's one of those Harvard business School's case that it is I got to say yes, absolutely is. It also speaks to the cycle. Of this stuff, right public, private, private public right, which we see a lot and in the process, everybody's making a lot of money. Along the way. We caught up with Petco CEO Ron Coughlin and of that ticker, by the way, Let's get back to that. It's w 00 F wolf. Let me start with what hasn't changed. That hasn't changed is the mission of the company to really improve the lives of pets? Pet parent has always been in the heart. Of the folks who worked at Petco. But what's changed is we really retooled the business. Instead of being a big bag of dog food in a cart type company, we really become a complete partner for the health and wellness. The pet parrot, and we're really the only ones that can do that because we're the only ones who have a veterinary hospitals. Training, grooming that they online and the mass players don't have we have the highest and food with on Lee, retailers said. We're getting rid of artificial ingredients, getting rid of shock collars, and then we have strong e commerce. And our stores, which are now called pet care centers that Maura um or are working together. So here's an amazing fact for you. 80% of our e commerce orders are getting fulfilled. Who are pet care centers, which just gives us.
Bloomberg Radio New York
"cvc capital partners" Discussed on Bloomberg Radio New York
"J and Detroit I'm reporting, the National Transportation Safety Board says electric vehicle manufacturers have left emergency responders vulnerable toe battery fires, and those are some of the stories are 2700 Bloomberg journalists and analysts working on this morning around the world. Later. Today we get Ernie's from Black Rock as earning season for finance firms gets underway and Bloomberg's Larry Coughs Key has a preview. Black rock may have ended 2020 with a record $8.4 trillion of assets under management, according to a Bloomberg consensus. And a list of forecasting a profit for the world's largest asset manager of $9.14 a share on revenue of nearly $4.3 billion. Investors will be listening to black rocks. Post earnings conference call for CEO Larry thinks market views potential impacts of shifting interest rates and election results. Larry Kowski Bloomberg Daybreak. Alright, Larry thanks. Shares of Nordstrom dropped more than 2% and extended trading. The retailer reported a 22% decline in holiday sales. The department store sector did have a difficult 2020. The pandemic caused many store closures and drove shoppers to Web sites like Amazon and Wal Mart. The owner of the animal supply chain store, Petco raised $864 million in an I P O. The company's returning to the public market 15 years after was taken. Private Petko will continue to be controlled by its current owners, which includes CVC Capital Partners. And in China. The trade surplus hit a record high in December. Exports rose more than 18% in dollar terms from a year earlier. Man for medical supplies and electronic goods surged in 2020. For the full year..
By Lalit K Jha Trade Disputes, Debt Burden Threaten Global Growth: IMF
"To brown's your favorite podcasts earl services have been held in houston for former first lady barbara bush with her burial underway in college station texas presidential historian jon meacham is among those who remembered her as the wife of one president and the mother of another she holds a distinction that belongs to only one other american in the long history of the republic abigail adams who was present at the creation north korea has made a major decision ahead of an upcoming meeting with president trump correspondent ivan watson north korea has announced that it is unilaterally suspending intercontinental ballistic missile launches nuclear weapons tests and that it is planning to discard its main nuclear weapons testing site in the north of the country he international monetary fund says a strong world economy is threatened by increasing tension over trade the imf is holding its spring meeting in washington i'm ann cates and i'm susanna palmer from bloomberg world headquarters poker giant stars group agreed to buy sky betting and gaming in a deal valued at four point seven billion dollars that moves poker stars deeper into sports betting to create the biggest publicly listed online gambling company toronto based stars group will pay cash and stock to owners cvc capital partners and skype elc in a surprise move h and a group of china cut its stake in deutsche bank again this after saying in february that it didn't plan another cut ha is deutchebanks biggest shareholder and a group cut its holdings to seven point nine percent from eight point eight percent the reduction in deutchebanks comes amid an attempt by hana to raise sixteen billion dollars by selling assets to deal with its financing problems in china germanybased fresenius medical care sold its controlling stake in sound inpatient physicians holdings llc to eventually by summit partners for two point fifteen billion dollars for he is the world's biggest provider of dialysis products sound inpatient physicians provides physicians to deliver inpatient.
HNA Cuts Deutsche Bank Stake, Vows to Remain Major Investor
"I'm mickey mantle baseball card from nineteen fifty two has been sold at auction for close to three million dollars falling just short of setting a record it was sold by former nfl linemen evan mathis through heritage auctions i'm ann cates and i'm susanna palmer from bloomberg world headquarters poker giant stars group agreed to buy sky betting and gaming in a deal valued at four point seven billion dollars that moves poker stars deeper into sports betting to create the biggest publicly listed online gambling company torontobased stars group will pay cash and stock to owners cvc capital partners and skype elc in a surprise move h and a group of china cut its stake in deutsche bank again this after saying in february that it didn't plan another cut ha is deutsche bank's biggest shareholder a group cut its holdings to seven point nine percent from eight point eight percent the reduction in deutchebanks comes amid an attempt by a to raise sixteen billion dollars by selling assets to deal with its financing problems in china germanybased fresenius medical care sold its controlling stake in sound inpatient physicians holdings l elsie to eventually led by summit partners for two point fifteen billion dollars fresenius is the world's biggest provider of dialysis products sound inpatient physicians provides physicians to deliver inpatient services president donald trump started.