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...The US-based group has raised $20.5bn for its seventh private equity fund....
...Grant Thornton is the seventh-largest US accounting firm by revenue and the deal with New Mountain represents the largest private equity investment in the accounting profession, coming hot on the heels of...
...The sale of a majority stake to New Mountain represents the biggest private equity deal in the sector....
...Advocates of private equity say it can be used to boost growth and introduce a more compelling incentive structure for partners and staff....
...The pair had partnered in a multibillion-dollar unsolicited takeover attempt of annuity specialist American Equity Investment Life, which the latter fended off....
...That is due not only to the greater number of retail investors trading the stocks, but also to the growing popularity of sometimes-controversial equity fundraisings that can flood the market with new shares...
...A person familiar with its deal said that the two private equity firms would take an equity stake of about $1bn for just over 50 per cent of the firm, with more than $900mn coming from H&F....
...Burton says about a third of institutional investors hedge currency risk....
...[Enlarge] Further reading:— Alert: Alphaville LLC issues new research report on Duchy of Cornwall (FTAV)— Greenland: Alphaville put on its sellside hat for the deal of the century (FTAV)— Alphaville LLC...
...On this front, Silver Lake, the closely watched technology-oriented private equity firm stands out....
Office for Environmental Protection says government and Environment Agency ‘not on track’ to meet goals
...Private equity’s M&A tactics are proving unusually testing in Spain....
...“It’s not obvious that they should do it through the traditional channels of investment grade public debt or equity.”...
Poll comes as US regulators review Steve Cohen-backed proposal for a 24/7 exchange
...Citadel Securities is one of the world’s biggest high-speed trading firms, competing with rivals like Susquehanna, Jane Street and Virtu Financial and estimated it was involved in nearly one in every four US equities...
...If the deal goes through, it would mark the latest high-profile take-private of a UK-listed company by an overseas private equity group....
...Mubadala holds a minority equity interest in US technology private equity group Silver Lake and has created large lending and investment partnerships with Apollo Global....
...Last November, Jeffrey Burton of Furey Research penned a deliberately provocative report titled “The Death of (Small Cap) Equities”, inspired by an infamous 1979 Businessweek cover story on The Death of...
...Private equity firms must get into the weeds of a business. Hedge funds prefer spreadsheet calculations that they can paste into letters and PowerPoint slides....
...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....
...“It creates an equity culture so that partners are focused on how to grow the equity value of the business and not just their own individual book of business.”...
...But the Apollo case shows that in private equity, monitoring and enforcing contract terms is not so straightforward. sujeet.indap@ft.com...
...The private equity giant allegedly set up a web of sham trusts — using a secretive affiliate called Financial Credit Investment — to hold a portfolio of stranger-originated life insurance policies worth...
...The firm also named Chris Gordon and Robin Marshall as the heads of its global private equity business....
High-speed trading firm sued hedge fund last week over lucrative options trading strategy it claims were stolen
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