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...Adam Neumann has made a fresh push to regain control of WeWork even as the co-working group races to raise hundreds of millions of dollars to emerge from bankruptcy and avoid a sale, according to two people...
...Grant Thornton is the seventh-largest US accounting firm by revenue and the deal with New Mountain represents the largest private equity investment in the accounting profession, coming hot on the heels of...
...Life insurers, particularly those linked to private equity groups, have pushed deeper into asset-backed securities in pursuit of investments that are a good match for their long-term liabilities but offer...
...The sale of a majority stake to New Mountain represents the biggest private equity deal in the sector....
...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
...After joining as an equity derivatives research analyst in 1998, Berlinski climbed to roles that included chief operating officer of global equities....
...The US-based group will make its investment from a $24.4bn fund raised in 2021 that is one of the largest funds dedicated to private equity deals....
...The bloated share counts push up trading volumes but can weigh heavily on stock prices, particularly for lossmaking groups....
...The financial technology group has also developed a suite of tools helping customers with revenue, tax and billing....
...and Toyota Group as a whole”....
...His investment vehicle was ultimately paid $578mn for part of its equity holdings in WeWork....
...On average, a high-quality company targeted in a merger of equals lags behind its industry group by 20 per cent over the subsequent two years on a relative basis....
...Citadel Securities is one of the world’s biggest high-speed trading firms, competing with rivals like Susquehanna, Jane Street and Virtu Financial and estimated it was involved in nearly one in every four US equities...
...Nunes, a former Republican congressman, named four equities market makers in his letter: Citadel Securities, Virtu, Jane Street and G1 Execution Services....
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...IPOs with no majority seller strongly underperformed their industry-group averages....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...They certainly should after the entertainment group announced a long-expected go-private sale to its existing majority shareholders this week. The deal values Endeavor’s equity at $13bn....
...US private equity group Apollo Global is in discussions with Sony Pictures Entertainment about making a joint takeover bid for Paramount Global that would rival ongoing talks between controlling shareholder...
...It concluded that Apollo’s limited partnership agreements, with pensions and sovereign wealth groups, stated that such travel and dining expenses should be borne by Apollo, not the funds and its investors...
...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....
...Still, some are being cautious, and one group of investors doesn’t seem convinced: private equity is sitting on a record number of assets....
...Adam Neumann’s skill at wooing investors and bankers powered WeWork from a tiny start-up to a continent-spanning co-working giant that touched a $47bn valuation before a crash that led to his abrupt exit...
...Talent agency Endeavor Group is being taken private at an equity value of $13bn after three years of lacklustre performance as a listed company....
...Around 90 per cent of listings are valued at less than $1bn, according to Adam Kostyál, president of Nasdaq Stockholm....
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