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...US credit card lender by loans....
...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...
...The sale gives Baker Tilly US an enterprise value of more than $2bn and capital to fund what its chief executive Jeff Ferro called an “extremely aggressive” acquisition strategy, signalling the firm’s ambition...
...“The capital need for sustainable infrastructure and the energy transition is huge,” Ford said in an interview with the Financial Times from the World Economic Forum in Davos....
...“These are designed to protect investors, ensure our market operates with optimal liquidity and transparency, and allow capital formation.”...
...Excluding oil major Petrobras and miner Vale, Brazilian equities are trading on a 12-month forward price-to-earnings multiple of 10 times, below the historical average of 12.3 times, according to BTG Pactual...
...Firms that have shorted the stock include London-based Marble Bar, CapeView Capital and Kuvari Partners....
...When the bill comes due, Capital One Financial will need to show it has the funds....
...“This caps off a quarter marked by record origination and capital raising for Atlas, where we have generated $24bn originations since inception and have secured capital to support over $40bn of client assets...
...The owners and managers of the True Confidence, who purchased the vessel just days ago from US private equity group Oaktree Capital, gave details of the deaths and injuries in a statement on Thursday....
...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....
...“Over a longer period of time, you will see us continuing to take significant market share.”...
...Yes, dividend culture has declined in the US, but it is still, by some distance, the world’s most vibrant equity market. That’s the second pushback: why are you complaining about the US growth market?...
...If you look at Howard Marks’s investment philosophy for Oaktree, the first item for us is the primacy of risk control....
...He was a day-one investor in venture capital giant Sequoia Capital, as well as other leading private capital groups including Benchmark Capital and Hillhouse Investments....
...Yet the addition of Discover’s card network, the fourth largest in the US, could strengthen a competitor to industry leaders Visa and Mastercard, Capital One has said....
...US billionaire Bill Ackman’s hedge fund Pershing Square rejoined the top 20 hedge funds after leaving the rankings in 2015. It was up 27 per cent in 2023, making $3.5bn....
...In advance of that, some US investors with large operations in the country, such as Sequoia Capital and GGV Capital, have spun off their Chinese businesses....
...It is in talks with Mubadala Capital over an investment and is being advised by BTG Pactual....
...In a further sign of support, the Chinese capital has started road-testing unmanned police patrol vehicles....
...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...
...The other partner in the joint venture is US fund manager RedBird Capital....
...The gains came as money managers had to contend with a regional banking crisis in the US and a large sell-off in the bond market for much of last year as global interest rates moved higher....
...Sandler runs US activist hedge fund Eminence Capital, which first took a stake in Entain in late 2020 and now owns a stake of between 4 and 5 per cent....
...Such private investments in public equity — or PIPE — deals are relatively common in the US, offering private equity houses a downside-protected route into a company’s share capital....
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