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Concerns about lower valuations and stringent listing requirements pushed management away from UK
...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....
Biggest proxy advisers say special five-year scheme is excessive and insufficiently tied to performance
...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....
...Nicholas Smith, Japan strategist at CLSA, said the arrival of new investors and return of others to Japan made sense....
...The L&G transaction came on the same day that Rothesay, a UK life insurer, agreed to take on £4bn of the pension liabilities of the Co-operative Group, whose operations span supermarkets to funeral services...
...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...
...Activity in China’s services sector expanded at the fastest pace in five months in December, according to the Caixin services purchasing managers’ index....
US buyout groups consider joining thriving market for UK corporate pension deals
...In September, UK private equity house Cinven struck a deal to buy back the outstanding shares in Synlab, a laboratory and medical diagnostic services company in which it retained a 40 per cent stake, after...
...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....
...Retail is a theme this week, with figures also due (in no particular order) from JD Sports, Kingfisher, Walgreens Boots Alliance, Asos and Ocado....
...Wearing a soft Zegna turtleneck, Saint Laurent blazer, Celine jeans and velvet Repetto boots, de Givenchy exudes an understated glamour that matches her genteel demeanour....
...Others use regular high-speed services via Paris, Zürich and Lausanne. inghams.co.uk...
...KKR wants to be more like Berkshire US private equity giant KKR is famed on Wall Street for stalking corporate targets from RJR Nabisco to Alliance Boots and US Foods....
Swiss fund manager was offered 12.5 per cent stake in finance firm in 2016
...Smith admitted to his involvement in a tax scheme that allowed him to evade paying millions of dollars in taxes....
...Smith is excepted to stay on at Blue Origin until January 2 during the transition period....
...Terry Smith, the founder of Fundsmith who is considered one of the UK’s best-known fund managers, was paid £31mn last year, despite his biggest fund underperforming its benchmark for much of the past three...
...Microsoft has received a demand for $28.9bn in back taxes from the US Internal Revenue Service....
...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....
...It also wants to expand services in new regions such as Europe. “I think there’s great opportunity in Europe,” said Smith....
...Here’s what else I’m keeping tabs on today and over the weekend: Results: Credit card group American Express and SLB, formerly Schlumberger, the oilfield services group, report second-quarter earnings today...
...Russia’s main security service, the FSB, said it had closed its investigation into the rebellion in a further step towards solving the stand-off....
...Bell-bottoms and boots Taylor Swift’s partner Travis Kelce is arguably the most important boyfriend in human history....
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