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...PwC and Aegean’s other auditor Deloitte have already paid $14.9mn each in legal settlements with investors in the US-listed company. PwC said the settlement with the PCAOB draws a line under the issue....
...It’s rare for an investor to sell a stake in a buyout fund for reputational reasons, underlining the challenge facing Vista as it tries to draw a line under a scandal that saw Smith agree a $140mn settlement...
...Several of Vista’s senior dealmakers, including Brian Sheth and Alan Cline, left following the settlement....
...Vista used a similar manoeuvre in its $4.6bn sale of events planning software company Cvent to Blackstone in March....
...The new conditions will test industry giants such as Blackstone and Carlyle, and dozens of fast-growing firms including Thoma Bravo, Vista Equity Partners and Platinum Equity, which have seen their assets...
...But Vista held Finastra in an older fund with little dry powder, forcing it to rely on financial engineering....
...Migrating sand dunes constantly redraw the map in these parts, even obliterating settlements....
...As the summer progressed, Vista pushed lenders to keep pitching proposals that would keep it from putting in any extra cash. But it ultimately relented. Vista declined to comment....
...Vista declined to comment....
...freezing order against Gupta’s Liberty House (FT) Atom takes valuation hit as it raises £100mn in new equity (FT) India tightens foreign investor rules after Hindenburg report on Adani (FT) Blackstone and Vista...
...The firm has already struck a £193mn settlement with Volkswagen over claims it misled consumers about nitrogen oxide emissions from its diesel cars....
...Entain’s chair Barry Gibson has encouraged the investors to be patient with their demand for board seats to avoid derailing the group’s negotiations over an estimated £585mn settlement with UK authorities...
...Google, meanwhile, argues that its charges are justified by the costs of running the Android mobile platform and all the other services it provides to developers, even when they do not use its payment service...
...This article has been amended to reflect the details of Millennium’s 2005 settlement...
...A recent report published by the Royal United Services Institute said influence operations were “core components” of Russia’s unconventional warfare concepts....
...Goldman Sachs, Bank of America, Credit Suisse, Elliott and Vista declined to comment....
...Elliott’s fight ended in a $2.4bn settlement in 2016, but Argentina is in even worse shape now, ahead of elections in October....
...Both towns, built from nothing in the conquistador boom years, served terms as Tenerife’s wealthiest settlements, and remain embalmed in their colonial pomp by historical accident....
...Together, the non-banks on regulators’ radar account for 50 per cent of global financial services assets....
...More than a dozen banks were forced to put up their own cash to fund Vista Equity Partners and Elliott Management’s takeover of Citrix after investors balked at financing the debt package....
...Two decades on from the Eliot Spitzer settlement that shook up the investment research business, there are four reasons why it is still shrivelling in size and credibility: declining information advantage...
...Morgan Stanley led a $1bn credit facility for Blackstone’s $4.6bn acquisition of Cvent, which is majority owned by Vista Equity Partners....
...Some of the surviving firms were hobbled by heavy trading losses, fines and settlements worth billions of dollars, and distracted management....
...Using a blockchain platform for bond issuance makes payment settlement faster, speeding up secondary trading....
...Elliott’s power has grown in recent years as Cohn has built an internal private equity unit and cultivated relationships with buyout giants such as Thoma Bravo, Vista Equity and Veritas Capital....
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