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...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....
...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,...
...Private equity firms Advent International and Carlyle had walked away from buying the business because of concerns about the working conditions on its plantations....
...The money will predominantly be used to buy out retirement obligations to former partners and return capital to its 600 current partners, as well as to recapitalise the balance sheet and build a war chest...
...Several larger firms, including the listed Apollo Global Management, Carlyle Group and Blackstone, have warned they expect to miss initial fundraising targets for their flagship buyout funds....
...Private equity group Carlyle will take control of Southend Airport after sealing a deal to resolve a row over a loan made during the pandemic....
...Apollo, Brookfield, Carlyle, KKR and JPMorgan all declined to comment....
...Christopher Finn, the longtime chief operating officer at Carlyle Group, is retiring this summer....
...Private equity group Carlyle is to sell UK video games maker Jagex to Europe’s CVC Capital Partners in a deal estimated at just below £1bn as interest in the industry heats up....
...CT Fitzpatrick, chief investment officer of Vulcan Value Partners, a large Carlyle shareholder, commended Schwartz’s deliberate approach....
...Run by former Moelis partner Kasim Kutay, the life sciences investment group is swimming in cash thanks to dividends from the drugs....
...Somebody is buying RuneScape again: Private equity group Carlyle is to sell UK video games maker Jagex to Europe’s CVC Capital Partners in a deal estimated at just below £1bn as interest in the industry...
...Carlyle has cut further jobs across its US buyout investment team, according to people familiar with the matter. Those lay-offs have affected staff in Europe and Asia. Carlyle declined to comment....
...“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....
...Job moves BDT & MSD Partners’ global head of client services Dina Powell McCormick will join the board of ExxonMobil, as of January 1....
...Alex Spiro, a partner at Quinn Emanuel and close friend of Elon Musk, is acting on behalf of the entrepreneur....
...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....
...Earlier this year, Carlyle began studying ways to sell its stake to large limited partners such as sovereign wealth funds, according to people familiar with the matter....
...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....
...The other partner in the joint venture is US fund manager RedBird Capital....
...David Trujillo, another partner at TPG, summed up the pitch to accountants and others they are trying to lure away from the partnership model....
...You know the Carlyle – it has such a rich soul....
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