Private Equity

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SVB Investors Warn KPMG of Expanded Claims Over Bank Collapse

KPMG LLP is bracing for an expanded set of investor claims including securities fraud in an ongoing court fight over the Big Four accounting firm’s audits for failed Silicon Valley Bank.

By Amanda Iacone and Martina Barash

Blue Owl Co-CEOs’ Personal Loans No Longer Backed by Firm Shares

Blue Owl Capital Inc. Co-Chief Executive Officers Doug Ostrover and Marc Lipschultz have revised the terms of personal loans to remove the company’s shares as collateral, after turmoil in the private credit market hammered the stock’s value in recent months.

Genesis Healthcare Investors Fight Suit to Cancel Secured Debts

Entities controlled by Genesis Healthcare insiders urged a Texas bankruptcy court to dismiss a lawsuit challenging $96 million in secured loan claims they hold against the nursing home operator, disputing misconduct allegations.

Silver Point, SVP Poised to Own Stakes in QVC After Bankruptcy

Silver Point Capital and Strategic Value Partners recently acquired a substantial amount of QVC Inc. bank debt, a company lawyer said Friday, indicating the firms are poised to own sizeable stakes in the television shopping network after it restructures in Chapter 11.

AI Chipmaker Cerebras Systems Files Publicly for US IPO

Cerebras Systems Inc., an artificial intelligence chipmaker and data center operator, filed publicly for an initial public offering months after withdrawing a previous attempt to list.

AMC Subsidiary Odeon Finco Closes $425m Term Loan

AMC Entertainment unit Odeon Finco, a part of Odeon Cinemas Group, closed a $425 million term loan with Deutsche Bank’s New York Branch.

Aetna’s Surprise Billing Fraud Case Rejected by Federal Judge

Aetna Health Inc. can’t overturn a series of surprise billing losses to Radiology Partners Inc. because the insurer didn’t challenge the doctor group’s billing practices during arbitration, a federal judge ruled in what he said was a “close call.”

Obesity Drugmaker Kailera Soars 63% After $625 Million IPO

Kailera Therapeutics Inc. shares surged 63% after the clinical-stage biotechnology company focused on obesity raised $625 million in an upsized US initial public offering.

Tory Burch Sweetens Terms on Loan to Buy Out General Atlantic

Luxury retailer Tory Burch LLC sweetened terms on a $700 million leveraged loan intended to help it repurchase private equity firm General Atlantic’s stake.

Cursor In Talks to Raise $2 Billion at Over $50 Billion Value

Cursor, a leading artificial intelligence startup for coding, is in advanced talks with investors to raise about $2 billion in a funding round at a valuation of more than $50 billion, not including the investment, according to a person familiar with the matter.