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...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....
...MassMutual will invest more than $2bn, gaining a minority equity stake in the unit known as Atlas SP and committing to buy future assets from the lender in what is expected to be one of the largest partnerships...
...Some of its investments include a stake in Froneri, one of the world’s largest ice cream companies. Ardian and PAI declined to comment....
...After joining as an equity derivatives research analyst in 1998, Berlinski climbed to roles that included chief operating officer of global equities....
...This has led a number to undertake reverse stock splits, in which, say, 100 existing shares are swapped for one new share....
...It is down nearly 17 per cent since January 1 as top holding Tesla has fallen about 37 per cent this year....
...The US-based group will make its investment from a $24.4bn fund raised in 2021 that is one of the largest funds dedicated to private equity deals....
...One example is the $137bn New York State Teachers’ Retirement System, which sold 34 private equity holdings with $3.5bn in total commitments on the secondary market at the end of last year....
...“There’s demand for 24-hour trading, but it's not necessarily from the entire marketplace,” said one institutional broker, who warned that basic staffing could prove another thorny issue....
...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....
...TPG sold a controlling stake in the talent agency CAA to Artémis, the holding company of the Pinault family, at a $7bn valuation....
...issue a temporary restraining order against Millennium Management after Jane Street demanded the hedge fund stop using a secretive international options scheme that the high-speed trading firm counts as one...
...Emanuel will roll his equity holdings into the privatisation alongside other Endeavor executives....
...US equities trades last year....
...Nunes, a former Republican congressman, named four equities market makers in his letter: Citadel Securities, Virtu, Jane Street and G1 Execution Services....
...Unsurprisingly, the one subject that managed to coax some salty language out of Cifu was SEC chair Gary Gensler....
...One thing that should be clear is who pays for what. But the Apollo case shows that in private equity, monitoring and enforcing contract terms is not so straightforward. sujeet.indap@ft.com...
...In 2012, Bill Ackman convinced 3G Capital to merge with Justice Holdings, a UK special purpose acquisition company, sponsored by the hedge fund manager, Martin Franklin and Nicolas Berggruen....
...Still, some are being cautious, and one group of investors doesn’t seem convinced: private equity is sitting on a record number of assets....
...The deal values Endeavor’s equity at $13bn. But the $27.50 a share deal price is just 15 per cent above its April 2021 initial public offering price....
...Hence the growth of secondary deals and continuation funds that allow firms to sell assets to one other, and themselves. There is a more fundamental problem....
...One good read If you are the last person to read this, you have to read this: The day I put $50,000 in a shoe box and handed it to a stranger....
...“Equities have been on a fantastic run,” he said....
...A tie-up would combine Sony’s film franchises including Ghostbusters and Uncharted, with Paramount, which has had recent hits such as Mean Girls and Bob Marley: One Love....
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