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Accounting firm recently agreed to sell a majority stake to New Mountain Capital
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...Despite that, he backed efforts to do a deal for all or part of Discover, codenamed “Diplomat”....
...Inspections of the buildings identified problems with cladding and insulation that needed to be remediated, according to the development’s website....
...H&F has invested in business services companies such as advertising agencies, advisory firms and insurance brokerages for decades....
...The deal was one of several recent examples of private equity firms investing in the professional services industry....
...Should companies be punished for handing money back to shareholders? The Department of Justice seems to think so....
...Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management company expenses...
...TPG sold a controlling stake in the talent agency CAA to Artémis, the holding company of the Pinault family, at a $7bn valuation....
...On Monday, the Virginia-based bank said it had agreed to acquire Discover Financial Services for $35bn, to be paid all in stock....
...It added that it was looking at services including Google Shopping and Google Flights over whether the company was giving preference to these in its search results....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...Liability management is a fancy catch-all term for strategies used by companies and their private equity sponsors to reduce or push out their debt maturities — typically hurting existing investors in the...
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work....
...All tech products involve trade-offs, he says....
...DD’s Sujeet Indap asked Apollo what it thought of all this....
...Deloitte is set to axe 100 more jobs in the UK as a prolonged slowdown in deals activity hits demand for some of its services....
...The answer is sort of interesting (all data from S&P Capital IQ): Companies in the S&P 500 have an average price/earnings ratio of 23, based on earnings estimates for the next 12 months....
...Corner kicks represent a significant opportunity for attacking teams: along with other so-called set pieces, such as free kicks, they account for about 30 per cent of all goals....
...All three groups declined to comment....
...As the name suggests, this is a “business development company”, a weird but fascinating and uniquely American construct....
...US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America’s largest credit card companies....
...That performance has continued into this year: the S&P 500 index of leading shares hit an all-time high on Friday, driven by strong gains for the largest technology companies....
...In ISS’s report on the bank’s AGM, sent to shareholders on Friday and seen by the Financial Times, the proxy adviser recommends investors vote against the company’s new remuneration plan over concerns about...
...Cannae is the vehicle of Bill Foley, the multi-billionaire who made his fortune in a series of financial technology and financial services companies....
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