Latest news with #GiuliaMorpurgo
Bloomberg
14-06-2025
- Business
- Bloomberg
Selecta's Debt Deal Leaves Bitter Aftertaste for Some Creditors
By and Libby Cherry Save Welcome to The Brink. It's Giulia Morpurgo and Libby Cherry, reporters in London and Frankfurt, where we looked at the peculiar features of the deal to restructure the debt of Selecta. We also have news on Ecuador, Marelli and EchoStar. Follow this link to subscribe. Send us feedback and tips at debtnews@ The restructuring of the Swiss vending machine operator Selecta 's announced this week leaves some of its minority debt holders with an invidious choice, Giulia Morpurgo and Libby Cherry write.
Bloomberg
04-06-2025
- Business
- Bloomberg
KKR Quit Thames Bid After It Saw Limited Upside to a Rescue Plan
By , Claire Ruckin, and Giulia Morpurgo Save KKR & Co. withdrew its bid to invest £4 billion ($5.4 billion) in Thames Water when the US infrastructure giant realized there was little upside to a deal, according to people familiar with the deliberations. KKR quit its offer Tuesday as the crisis engulfing the UK utility made a profitable overhaul extremely challenging, the people said, asking not to be identified discussing confidential information. It couldn't see a clear way of expanding or upgrading Thames' asset base, and deemed performance targets set by the regulator as unreachable, they said.
Bloomberg
22-04-2025
- Business
- Bloomberg
China Tariffs Add More Strain to Lycra's Stretched Finances
Welcome to The Brink. I'm Giulia Morpurgo in London, where I'm following the impact of tariffs on retailers like Lycra. We also have news on Sunnova's fight to stay out of bankruptcy, Rite Aid's plans for its second trip through Chapter 11 and Sunac's proposed debt-for-equity swap. Follow this link to subscribe. Send us feedback and tips at debtnews@ or DM on X to @gmorpurgo. The escalating trade war between the US and China has come at a bad moment for Lycra, the Delaware-based maker of stretchy sports clothes.
Bloomberg
10-04-2025
- Business
- Bloomberg
Distressed Specialist Aptior Sees Opportunity in Chaos
Global market turmoil opens a window for credit investors in companies with too much debt, according to London-based Aptior Capital, which specializes in distressed debt and rescue finance. 'All this volatility, it throws up even more opportunities,' founder Rudi Singh tells Bloomberg News' Giulia Morpurgo and Bloomberg Intelligence's Tolu Alamutu in the latest Credit Edge podcast. 'These are very good businesses and it really has been the old adage of good company, bad cap structure.' Morpurgo and Alamutu also discuss the firm's target of 20% returns, a shift to Europe by US investors, liability management, real estate and auto sector stress.
Bloomberg
01-04-2025
- Business
- Bloomberg
Private Equity's Pandemic Bets Unravel as Normal Life Returns
By and Libby Cherry Save Welcome to The Brink. It's Giulia Morpurgo in London and Libby Cherry in Frankfurt, where we looked at the unraveling of pandemic bets. We also have news on UK universities, Sunnova and J&J. Follow this link to subscribe. Send us feedback and tips at debtnews@ In March 2020, the first coronavirus-induced lockdowns altered everyday life dramatically.
