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...The division had roots in Credit Suisse First Boston’s New York mortgage securitisation business in the 1980s and was led by veteran executive Jay Kim, who moved with most of the team to Atlas SP when the...
...Grant Thornton has not publicly disclosed how much New Mountain and its co-investors are paying for the 60 per cent stake, or how exactly the firm will distribute the proceeds of the investment and the new...
...Professor Luc Van Gool from Swiss university ETH Zurich said Apple’s acquisitions of two local AI start-ups — virtual reality group FaceShift and image recognition company Fashwell — led Apple to build a...
...Chopra called for scrutiny of “past acquisitions” to avoid “catch and kill” deals that smother competitors....
...Grant Thornton has not publicly disclosed how much New Mountain is paying for its stake, or how exactly the firm will distribute the proceeds of the investment and the new debt that it will also take on....
...New Mountain bought a controlling stake in Citrin Cooperman in 2022 and has helped fund an acquisition spree that has swelled the accounting firm’s annual revenues to an estimated $700mn....
...Kleinman said H&F’s investment could double in size over time as it funds future acquisitions....
...Actis is General Atlantic’s largest acquisition, pushing the New York-based investment group to nearly $100bn in total assets....
...its own Toyota shares it would reacquire as a result of the acquisition”....
...Nimmo said Interpath was looking at opportunities to expand into continental Europe and the US, which could include further acquisitions....
...Darktrace’s board said: “The acquisition will provide Darktrace access to a strong financial partner in Thoma Bravo with deep sector and US markets expertise who can support Darktrace’s growth.”...
...A new front has opened up in US trustbusters’ fight against mergers: workers’ rights....
...Some of the biggest deals struck in the quarter included Capital One’s $35bn acquisition of Discover Financial, and chip design toolmaker Synopsys’s $35bn takeover of engineering software maker Ansys....
...One major new player in the valley is an individual, and a newcomer to wine production....
...The FT previously reported he had threatened to quit after being excluded from a new operating committee....
...after chief executive Mark Zuckerberg said on Wednesday he would spend billions more than planned on AI, warning costs would have to increase “meaningfully before we make much revenue from some of these new...
...Additional reporting by James Fontanella-Khan in New York...
...A new group including Mubadala, Michael Dell’s family office, Goldman Sachs Asset Management and Lexington Partners will also invest cash into Endeavor....
...“Obviously they’re different industries, but if you’re going to recruit people to a new platform, it’s helpful to have a team excited by a bold new opportunity,” he said. “It’s a similar road map.”...
...A senior EU court adviser has said the European Commission was wrong to block gene sequencing group Illumina’s $8bn acquisition of Grail and that the decision should be scrapped....
...Culture secretary Lucy Frazer on Tuesday said she was “minded to refer” the sale of the British news organisation to a phase 2 investigation by the Competition and Markets Authority, the antitrust watchdog...
...One sector in particular has become a hot new hunting ground: accountancy firms....
...Trading volume for TMTG, which last month merged with Digital World Acquisition Corp, was double its 20-day average early on Friday, according to Bloomberg data....
...Switzerland-based Mercuria, founded in 2004 by Marco Dunand and Daniel Jaeggi, was predominantly an oil trader but bolstered its power trading operations in 2014 through the acquisition of part of JPMorgan...
...That gives it an in-the-money option to acquire 15 per cent of the new group, which could be very valuable if the telecoms cycle ever turns. Another win for private equity; not so much for London....
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