Johannes K.

#reporter at @Debtwire covering #restructuring. Charts 👆. Wrote a couple of books on #journalism too:

[Johannes K. @jar_ko]

English / German bilingual problems. When you get an email with the subject line "4b Collagen" from your wife and you wonder why she's looking for pencil-strength anti-aging supplements only to then realize it's a photomontage of your daughter's 4th grade class trip.

[Johannes K. @jar_ko]

“It’s all fun and games when they’re all making money together (...) But it’s a zero-sum game in every restructuring. That’s creating new sources of tension.” A buyout gone wrong creates fireworks in the private credit market https://t.co/0oFdcKFLGM via @ft

[Silas Brown @silasfelixbrown]

Private Lenders Provide Record €4.5 Billion Loan for Adevinta LBO

From last night, with @LisaLeereporter and @Swetha_Gopinath

https://t.co/25TC3sqNnO

[Johannes K. @jar_ko]

@CavaggioniMario ...yeah, I think they should pare down total new set volumes a little again.... I do like the Star Wars helmets series though - expand.

[Johannes K. @jar_ko]

on top #bricks #LEGO

[Josh O’Neill @JoshONeillDW]

💥Morgan Stanley is poised to hold a first close of its inaugural European direct lending fund at EUR 1.6bn-plus, as the investment manager prepares to begin deploying capital in Europe’s burgeoning private credit market

Full story now live on @Debtwire

https://t.co/fYSwAvyg8y

[Tim Ferriss @tferriss]

Siddhartha by Hermann Hesse is recommended by many of my podcast guests.

There is one takeaway that Naval Ravikant (@naval) has reinforced with me several times on our long walks.

The protagonist, Siddhartha, a monk who looks like a beggar, has come to the city and falls in love with a famous courtesan. He attempts to court her, and she asks, “What do you have?” A well-known merchant similarly asks, “What can you give that you have learned?” His answer is the same in both cases, so I’ve included the latter story below.

Merchant: “. . . If you are without possessions, how can you give?”

Siddhartha: “Everyone gives what he has. The soldier gives strength, the merchant goods, the teacher instruction, the farmer rice, the fisherman fish.”

Merchant: “Very well, and what can you give? What have you learned that you can give?”

Siddhartha: “I can think, I can wait, I can fast.”

Merchant: “Is that all?”

Siddhartha: “I think that is all.”

Merchant: “And of what use are they? For example, fasting, what good is that?”

Siddhartha: “It is of great value, sir. If a man has nothing to eat, fasting is the most intelligent thing he can do. If, for instance, Siddhartha had not learned to fast, he would have had to seek some kind of work today, either with you, or elsewhere, for hunger would have driven him. But, as it is, Siddhartha can wait calmly. He is not impatient, he is not in need, he can ward off hunger for a long time and laugh at it. ”

***

I think of Siddhartha’s answers often and in the following terms:

“I can think” → Having good rules for decision-making, and having good questions you can ask yourself and others.

“I can wait” → Being able to plan long-term, play the long game, and not misallocate your resources.

“I can fast” → Being able to withstand difficulties and disaster. Training yourself to be uncommonly resilient and have a high pain tolerance.

[Johannes K. @jar_ko]

...didn't make it, not enough deal flow

[Tim Urban @waitbutwhy]

The Earth is 4.5 billion years old and is expected to be swallowed by the sun in about 5 billion years, when Earth is 9.5 billion years old. If we make 100 million years one "Earth year," then the planet is currently 45 (out of a 95-year life). Humans are Earth's mid-life crisis.

[Silas Brown @silasfelixbrown]

Many buyout firms considered hedging against rising interest rates a waste of time and money. Their debt-laden companies are now paying the price.

New story with @abhinavvr and @PSeligson

https://t.co/llbmr8zSnA

[Johannes K. @jar_ko]

🔥 Scoop. The sale of German medical equipment maker Klingel is heating up as it moves into the second round. Altor, among several other sponsors still in the process. More on @Debtwire and @Mergermarket . https://t.co/Q2oXoVLlCr

[Johannes K. @jar_ko]

#GHOST

[Johannes K. @jar_ko]

Direct lenders are moving closer to banks in a relationship that continues to evolve. Get the latest on @Debtwire in latest piece with @JoshONeillDW
Direct lenders and banks transition from adversaries to partners https://t.co/9MRyKvomKB #levfin

[Johannes K. @jar_ko]

uff

[Johannes K. @jar_ko]

@Berliner_Fw

[The Wolf of Franchises 🍟 @franchisewolf]

In 2011, Dippin' Dots, aka the "ice cream of the future", went bankrupt.

After being swooped up for relative pennies at just $12M, they were acquired last year for $222,000,000.

The crazy part? Most of the company's value wasn't from selling ice cream.

Here's the wild story:

[Johannes K. @jar_ko]

@intintrigue ..did it quickly ;)

[Johannes K. @jar_ko]

@intintrigue Losers... we need the chart that shows the losers too... most number of last place, second last place... etc finishes! Come on, don't cut us Germans out.

[Johannes K. @jar_ko]

https://t.co/QluegMH0U1

[Johannes K. @jar_ko]

Supply on the new deal front still very low and the quality is not up to scratch for #privatedebt... pressure building here.