however, it is connected to the separate bipartisan infrastructure bill, which one can collapse the other. lisa murkowski came out of one of the meetings on the bipartisan group quite optimistic. others are more skeptical. you ve seen some i would say under pressure from their leader senator mcconnell to say let s not give joe biden this. but if you add it up, the infrastructure framework, the bipartisan, $600 billion. then this resolution, $4.1 trillion in spending. the question is when the republicans who are right now part of the bipartisan plan see the 3.5 trillion, will they say, okay, it s not 6? or will they get pressure to walk away? the people who have been actively involved, i don t think the big reconciliation number turns them off. for so many of them, they re either pragmatic deal makers,
complex version of this, i was fascinated to watch his evolution on that kind of use of reconciliation itself. well, look. you lived through it, lawrence. you saw it more closely than i did. it s also true that the senate got 60 votes for the affordable care act. and used to reconciliation when it came back, because they did it and they did it in the way you said. a more practical argument is, i believe that a 50 vote, or 51 votes and, it empowers the bipartisan deal makers, on both sides. their votes are decisive, and they are the legislators who may come forward. a 60 vote senate empowers the obstructionists you are handing the keys to the castle to mitch
back because they had to do it and they did it the way you said. one of my arguments here is more practical one. i believe that a 50 or 51-vote senate empowers the bipartisan deal makers on both sides. their votes are decisive and they re the legislators and they come forward. a 60-vote senate empowers the obstructionists. handing the keys to the castle to mitch mcconnell, mitch mcconnell has told us he s going to oppose biden agenda the same way he opposed the obama agenda and i take him at his word on that. i don t think he should be allowed to do it. that s basically my other concern. and look, anyone who has legislated you ve done a lot of it, finance and environment legislating is bone-crushingly difficult. but the key to it is people
Le Pain Quotidien âhad tremendous legacy,â says Aurifyâs John Rigos.
Aurify Brands, the New York City-based operator of five restaurant chains, closed the acquisition last June of Le Pain Quotidien U.S., with about 50 locations, rescuing the stores and their employees from bankruptcy proceedings in a Belgium court.
âThis brand had tremendous legacy,â co-CEO John Rigos said, but it had âlost its way, wasnât being invested in. We realized, just being mediocre wasnât going to cut it, so we started pulling resources together.â
Then in August, the Maison Kayser brand came up for sale, too, a European-style bakery chain, and Aurify bought 12 of its 16 locations and will convert them to LPQ. Rigos decided they needed to play defense on that chain, because if someone else bought it they would be fierce competitors to LPQ.
Citigroup; JPMorgan; Morgan Stanley; Qatalyst Partners; Skye Gould/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
While M&A had a down year during the pandemic, bankers still orchestrated a number of megadeals.
Insider partnered with the financial-data platform MergerLinks to identify 2020 s top 20 bankers.
The ranking is based lead investment bankers who arranged the largest M&A deals in North America.
For Wall Street s rainmakers, the start of 2020 was a nightmare.
Mergers and acquisitions temporarily went over a cliff in the springtime as the world was met with a series of lockdowns and strict restrictions to confront the spread of the coronavirus. In the dealmaking drought in the first half of the year, global volumes collapsed to $1.2 trillion, a 41% decline from 2019, with megadeals taking the brunt of it, falling 69%, according to data from Ref