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...Private equity group TPG Capital has approached EY about buying a stake in its consulting arm in a deal that would herald a second attempt at breaking up the Big Four firm....
...The raise also signals that LPs are willing to back General Catalyst’s unorthodox approach....
...“Blackstone and QTS have the capital, expertise and record required to deliver on growing demand for data centre infrastructure,” the firm said....
...By contrast, Breit struggled to cover its distribution with cash flow from operating activities, a metric that doesn’t include recurring property expenses like capital expenditure....
...Some of the biggest private equity and asset management groups — including TPG, BlackRock, T Rowe Price and CVC Capital Partners — have recently acquired credit managers as they look to diversify their assets...
...Continuation funds can also be controversial with LPs, because they have to decide whether to lock up capital with a VC for another lengthy period or cash out potentially at a discount....
...“Firms desperately need capital to transform the business,” he said....
...One sign of this emerged on Monday, when FT calculations revealed that the leaders of entities such as Blackstone, KKR, Apollo Global, Ares Management and TPG enjoyed a more than $40bn rise in the value...
...“The [Right of First Offer] was not completed because the monies sent to TPG came from a third party with whom TPG had not had any previous dealings and where TPG could not satisfy its relevant [anti-money...
...The growth capital model supports much of this....
...CVC Capital Partners’ revived listing plans....
...A month later, Grant Thornton US agreed to sell a 60 per cent stake to New Mountain Capital....
...Partners also hoped to generate some needed capital to fill a deficit in the US business pension fund. The pitch from TPG should come as no surprise....
...Shares in many US private capital groups rose last year as their push to diversify beyond traditional buyouts and into credit and insurance-related investments caused their overall fee-based earnings to...
...TPG declined to comment....
...With a shareholder vote set for April 3, Disney faces proxy fights with Peltz’s Trian Partners and Blackwells Capital, which are seeking board seats and other changes aimed at boosting the company’s share...
...Concord has now secured backing from investors holding 31 per cent of the issued share capital of Hipgnosis....
...“I think we’re still in the early stages of the recovery phase that will ultimately allow private equity investors to return capital....
...It is now attempting to navigate the twists and turns towards retail capital. The latest effort is the semi-liquid buyout fund....
...The owners and managers of the True Confidence, who purchased the vessel just days ago from US private equity group Oaktree Capital, gave details of the deaths and injuries in a statement on Thursday....
...A resurgence in initial public offerings or sales would allow LPs to recoup their invested capital and recycle it....
...EY also last year rejected a proposal from US private equity group TPG to break up the firm globally and take a stake in its consulting business....
...Legacy capital managers do not want to be caught flat-footed. Take Blue Owl Capital’s recent acquisition of Kuvare Asset Management for $750mn, which eventually could reach $1bn....
...Somebody is buying RuneScape again: Private equity group Carlyle is to sell UK video games maker Jagex to Europe’s CVC Capital Partners in a deal estimated at just below £1bn as interest in the industry...
...That deal has already been backed by about 29 per cent of Hipgnosis’ issued share capital. Hipgnosis’ music portfolio includes artists such as the Red Hot Chili Peppers and Shakira....
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