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...Lavine joined Bain in 1993, leading its credit investment business before being named co-managing partner in 2016....
...He was managing partner of Bain’s Brussels office from 2012 to 2018....
...As well as paying off obligations to retirees, the new structure involves repaying capital to current and former partners....
...“If a group of partners came along and said, ‘join our lawsuit’, I would not have wanted to sign away my right to do that,” the former partner said. Grant Thornton declined to comment....
...Globally, private equity firms own a record 28,000 business worth more than $3tn, according to consultancy firm Bain’s annual report on the industry....
...Another former Goldman partner, Justin Gmelich, was hired the following year to be co-chief investment officer alongside the promoted Russo....
...The cash from New Mountain, together with some debt financing, will be used to return capital to current partners, buy out retirement obligations to former partners and build a war chest for investment,...
...The $1tn US firm is footing the bill for Pallas Partners to assess whether Blackstone can bring claims against Bain Capital and other parties over the 2020 collapse of Italian tyremaker Fintyre, according...
...Bain Capital has promoted one of its top dealmakers in Asia to co-managing partner, the highest position at the asset manager, as the broader buyout industry grapples with succession planning....
...When a client (the Limited Partner, or LP) signs up to invest $100mn in private equity, they don’t immediately assume $100mn of exposure....
...“It was truly a year of haves and have-nots,” the Bain report said....
...A former top investment banker at Centerview Partners did not strike a valid agreement to become a full-fledged partner at the elite advisory firm during a restaurant meeting held more than a decade ago,...
...Job moves Bain Capital has promoted David Gross to co-managing partner, the highest position at the asset manager, where he will work alongside John Connaughton....
...But as of September last year, autonomous vehicles in China had driven a cumulative total of 70mn kilometres, on a par with the US, according to data from Bain....
...De Vusser, a Belgian, will be the first European to run Bain in its 50-year history....
...“It will help us turbocharge the Android and Chrome ecosystems, bring the best innovations to partners faster . . . and internally, it will also speed up decision making.”...
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...A report by consultancy Bain said private equity groups globally were sitting on a record 28,000 unsold companies worth more than $3tn....
...At Bain and BCG, the proportion of staff spotted making upward moves was back down to pre-pandemic levels; at McKinsey it was below anything seen in at least 10 years....
...Ted Baker is on the brink of collapse unless it finds a new business partner, casting doubt over the future of hundreds of high street jobs at the UK fashion brand....
...Citadel Securities was a supporter of Lutnick’s last attempt to take on the CME in 2007, which failed partly because the venture lost its planned clearing partner....
...“All of that then leads you to a view of net zero happening later,” Grant Dougans, a partner at Bain, told Energy Source....
...At the time, the company was publicly traded after having been taken private by buyout firms TPG, Bain Capital and a division of Goldman Sachs, which together still owned 32 per cent of the stock....
...In today’s newsletter: The latest on CVC’s IPO Bain’s chipmaking headache Mixed results for dealmakers on Wall Street CVC’s IPO: the final countdown War in Europe ended CVC Capital Partners’ first attempt...
...Jana Partners, the prominent US activist fund with around $2bn in assets, announced on Wednesday that it would work alongside Cannae Holdings, a financial sponsor holding company....
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