Spain’s Bankia is studying an offer by Singapore billionaire Peter Lim to acquire Valencia soccer club under which it would pay off long-standing debt owed to the bank, team president Amadeo Salvo said.
The pitch was enticing. At a time when the Standard & Poor’s 500 Index had suffered a decline of 41 percent in the previous three years, Morgan Stanley was offering its clients the possibility of some relief.
Daniel Sturridge scored the winning goal on his birthday as Liverpool defeated defending champion Manchester United 1-0 to move atop English soccer’s Premier League. Arsenal beat north London rival Tottenham 1-0 and Swansea won 2-0 at West Brom.
Simpson Thacher & Bartlett LLP is advising Hellman & Friedman LLC, the buyout firm co-founded by Warren Hellman, which agreed to buy Hub International Inc. in a transaction that values the insurance broker at about $4.4 billion. Kirkland & Ellis LLP represents Apax Partners and Hub in the sale.