Dark skies down under – white (paper) wash
Final act
The first time I privately met the bankers of Oaktree Capital Management in London was soon after Blackstone surrendered control of Klöckner Pentaplast, a German plastic films maker that cost the private equity behemoth a fortune – PE house Cinven won big in those days, getting out of it just before the 2008 meltdown.
For Blackstone, the outcome of that investment – in terms of hefty losses – was possibly even worse than CEVA Logistics for Apollo.
Pipeline
Highly focused on corporate restructurings, the ...
Atlantic and Gulf coast US ports close as ILA rejects last-minute offer
Box lines declare force majeure as White House defends ILA
Talks rumoured to be underway after USMX urged ILA back to the table
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Strike disruption begins: 'a frenzy' to come with extra demand for airfreight
Shippers scrambling for alternatives as box lines divert from closed ports
Airlines scramble to avoid Middle East airspace as missiles fly
Port strike will see 60 more ships at anchor this week and rates rising
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