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...Additional reporting by Owen Walker and Ian Smith in London...
...A month later the New York-based firm said it had acquired private credit firm Iron Park, a business set up by Tripp Smith, a former Blackstone credit executive....
...In 2020, Smith acquired the National Basketball Association’s Utah Jazz for nearly $1.7bn. Silver Lake has been close to Qualtrics for years and has made large investments alongside Smith before....
...The trio — Moore Kingston Smith in the UK and Moore Belgium, both backed by Waterland, and New Mountain Capital-backed Citrin Cooperman in the US — posted revenue growth more than double that of Moore Global...
US buyout groups consider joining thriving market for UK corporate pension deals
...And DS Smith isn’t alone....
...But some blow-ups in Europe are drawing attention from regulators, report the FT’s Ian Smith and Samuel Agini and DD’s Will Louch....
...DD’s Antoine Gara and Ortenca Aliaj ran the numbers on the odd cast of characters who banded together to make the listing happen and earned themselves a payday that even most people on Wall Street could...
...Citigroup has been in a far worse position after divesting Smith Barney near the market bottom....
...News round-up Smith & Nephew seeks pay premium for US executives over those in UK (FT) Thomson Reuters has $8bn war chest for AI-focused deals, says chief (FT) Elliott abandons effort to buy UK electronics...
...cut-price bid for Virgin Money (Lex) Crispin Odey accused of rape in High Court submission (FT) Saudi Arabia transfers $163bn stake of oil producer Aramco to its wealth fund (FT) Mondi has agreed to buy DS Smith...
...That was before DD’s Robert Smith and FT investigative journalist Cynthia O’Murchu exposed that H2O had poured nearly €1.5bn into Windhorst’s network of rickety ventures back in 2019....
...News round-up Norway oil fund boss criticises ExxonMobil’s ‘aggressive’ climate lawsuit (FT) Packaging group Mondi approaches UK rival DS Smith for £10bn tie-up (FT) Petrobras plans $100bn in spending...
...During his speech in Athens in 2006, European Central Bank vice-president Lucas Papademos quoted Adam Smith’s warning against collusion: “People of the same trade seldom meet together even for merriment...
...Smith admitted to his involvement in a tax scheme that allowed him to evade paying millions of dollars in taxes....
With prices plunging and yields at decade highs, these are the parts of the financial system that could come under strain
...He joins from Herbert Smith Freehills. Birkenstein Capital, a new German special situations investor partnered with Davidson Kempner, will be led by Tobias Hoffmann-Becking....
...The reputational risk generated by Smith’s tax scandal has also weighed on the fundraising, with some investors telling the FT that they chose not to participate....
...for cyber security-conscious SEC (FT) How Abercrombie got its style back — and not just as a meme stock (FT) DeepMind spin-off aims to halve drug discovery times following Big Pharma deals (FT) Terry Smith...
...And don’t miss Antoine and Brooke’s profile of Ogunlesi, who rose to head investment banking at Credit Suisse before founding GIP in 2006....
...Fast forward to 2023 and it’s a far different story, DD’s Antoine Gara reports, as its fundraising struggles and a failed succession plan has caused it to fall behind rivals such as Blackstone and KKR....
...Arriving in the Society Islands in 1768, French explorer Louis-Antoine de Bougainville “thought [he] was transported into the Garden of Eden”....
...Durban had also grown close to Qualtrics founder and chair Ryan Smith and its chief executive Zig Serafin, who will continue to run the company....
Ahead of the first official postmortem on its collapse, bankers, regulators and executives admit that it was a crisis hiding in plain sight
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