Hints and tips:
...As with Baker Tilly, H&F’s investments are often the first external capital to come into closely held partnerships....
...It comes weeks after smaller rival Baker Tilly agreed a $1bn cash infusion from private equity group Hellman & Friedman to fund an acquisition spree, and is likely to further intensify competition in a sector...
...The US accounting firm Baker Tilly has agreed to sell a majority stake to the investment groups Hellman & Friedman and Valeas, marking the largest private equity deal to date in the sector....
...Baker Tilly secured a $1bn investment led by H&F in February....
Plus, McKinsey’s C-suite intrigue and a new borrowing binge in private markets
...and that “S&C knew, or was in a position to know, that FTX was co-mingling customer assets”....
...Baker Tilly secured a $1bn investment led by H&F in February. Buyers are spotting an opportunity that has played out inside their own industry....
...The FT’s US financial editor Brooke Masters and US private capital correspondent Antoine Gara explain why BlackRock wanted GIP, and how this deal sets the agenda for Wall Street this year....
...Fogelberg joins from Kirkland & Ellis, where she was a partner and worked with C Street founder Jon Henes, a former Kirkland & Ellis partner....
...Baker McKenzie has hired Eric Schwartzman as a partner in San Francisco. Schwartzman, who joins from Latham & Watkins, will be head of private equity in California....
...“double dummy”, “Up-C”, “Morris Trust”, “reverse triangular” (which honestly sounds like something very different). Well, these might finally matter now....
...News round-up Private equity owners pile on debt to pay themselves dividends (FT) UniCredit to return €8.6bn to shareholders (FT) Private equity buys majority stake in US accounting firm Baker Tilly (...
...fund Whitebox Advisors and UK fund City of London Investment Management, which along with Seoul-based fund Anda Asset Management have called on the management of Samsung’s de facto holding company Samsung C&...
...Former Rolls-Royce chief executive Warren East will be chair of carbon capture developer C-Capture, which has been spun out of the University of Leeds and is backed by companies including UK power generation...
...This year’s releases include New York clergyman Clement C Moore’s festive poem, which celebrates its 200th anniversary....
...The worst-case scenario is that “policyholder behaviour changes such that the insurers become forced sellers”, said Douglas Baker, a director at Fitch Ratings....
...“I don’t see a massive rebound in exits next year,” says Pierre-Antoine de Selancy, managing partner at 17Capital....
...Kemble Water Holdings loaned this £500m to Kemble Water Eurobond who purchased c.£480m of shares in Kemble Water Finance and also settled monies owed to Kemble Water Finance, bringing the total sums received...
...Companies with double B or B plus debt ratings have received solid demand, while lower-rated single B and triple C rated companies have been forced to go to private credit lenders for financing....
...The definitive biography of Spare by Phil Baker, Austin Osman Spare, The Life and Legend of London’s Lost Artist, also recalls Hitler inviting Spare to come to Berlin to paint his portrait (Spare refused...
...Highland Pacific Golf Visitors: Yes Visitor green fees (summer rates): From C$51 ($37.50/£30) for nine holes; from CS$95 ($70/£55) for 18 Golf-cart hire: C$24 ($17.50/£14) per seat Website; Directions...
...To catch you up to speed: in February, US accounting firm Baker Tilly agreed to sell a majority stake to Hellman & Friedman and Valeas....
...equity is the industry that surfed the decade and a half of low interest rates, using plentiful and cheap debt to snap up one company after another and become the new titans of the financial sector, write Antoine...
...(a) (of a gem) uncut, unpolished; (b) (of water) undistilled; not filtered; (c) (of alcoholic spirit) undiluted; (d) (of grain) unmalted, undried; (e) (of sewage) untreated. I.2.e....
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