Goldman Sees Record U.S. Corporate Cash Spending Cuts This Year

Goldman Sees Record U.S. Corporate Cash Spending Cuts This Year

The biggest U.S. companies will slash their cash spending this year amid the uncertainty of the coronavirus pandemic, according to Goldman Sachs Group Inc. “We forecast S&P 500 cash spending will decline by an annual record 33% during 2020 as firms prioritize...
Private Equity-Owned Firms Granted Access To U.K. Loans Program

Private Equity-Owned Firms Granted Access To U.K. Loans Program

Private equity-backed firms will be able to access the U.K. government’s emergency loan scheme and borrow up to 50 million pounds ($62 million) in state-guaranteed debt. U.K. Chancellor of the Exchequer Rishi Sunak widened one of the government’s coronavirus business...
Lessons for private equity from the last downturn

Lessons for private equity from the last downturn

One phrase heard often these days in (video) conversation with private equity professionals is, “We have been expecting a downturn for a long time—just not this one.” Of course, the havoc that COVID-19 has wrought on lives and livelihoods the world over is much more...
COVID-19 to slow down M&A ecosystem, stall private equity deals

COVID-19 to slow down M&A ecosystem, stall private equity deals

If we were to say that the coronavirus outbreak is a Lehman Brothers moment for the corporate world, it would be a gross understatement. The collapse of Lehman Brothers sent global capital markets into a deep-freeze mode, adversely impacting the capacities of the...
Railpen finds new chief fiduciary officer at Denmark’s ATP

Railpen finds new chief fiduciary officer at Denmark’s ATP

RPMI Railpen, the investment manager for the UK’s £30bn (€34bn) railways industry pension scheme, has hired Mads Gosvig. as chief fiduciary officer, investments from Denmark’s ATP Group. He joins tomorrow and will fill the gap left by Michelle Ostermann’s appointment...