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...Grant Thornton’s retired US partners are demanding a greater share of the spoils from its sale of a majority stake to private equity, after accusing the accounting firm’s management of short-changing them...
...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...
...Advocates of private equity say it can be used to boost growth and introduce a more compelling incentive structure for partners and staff....
...In 2021, he hired three former Goldman partners — Paul Russo, Scott Rofey and Jeffrey Verschleiser — to lead the risk management of the firm’s equity, macro and rates, and credit divisions respectively....
...CVC Capital Partners, one of Europe’s biggest private equity firms, has also halted the sale of its 21 per cent stake in Malaysia’s QSR Brands, the country operator of KFC and Pizza Hut, due to the boycotts...
...US accounting firms have been flirting with private equity for several years, attracted by the ability to put an equity value on a firm that has historically paid out most of its earnings to partners....
...GMO’s head of Japan equities Drew Edwards said in the letter, seen by the Financial Times, that recent scandals were “just one symptom of a larger problem of broken corporate governance and culture at TIC...
...Reach said it will partner with Amazon on sharing “contextual” first-party data, for example allowing advertisers to know what articles people are looking at, with the US tech group using the information...
...General Atlantic’s expansion push comes as some prominent private equity groups consider public listings, while others sell to strategic partners with broader financial resources....
...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,...
...illicit spending spree were Apollo’s limited partners....
...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....
...“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.”...
...Products are complementary, meaning they can be cross-sold to the two groups’ existing customer base....
...The FT in late 2020 was the first to report about a Southern District of New York decision in which Judge Kevin Castel ruled that Mohammed Ali Rashid, an Apollo private equity partner, breached his duties...
...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....
...Nunes, a former Republican congressman, named four equities market makers in his letter: Citadel Securities, Virtu, Jane Street and G1 Execution Services....
...A new group including Mubadala, Michael Dell’s family office, Goldman Sachs Asset Management and Lexington Partners will also invest cash into Endeavor....
...Just around the corner from Denmark Street and its musical instruments is Charing Cross Road, once the home of London’s second-hand book trade....
...The other partner in the joint venture is US fund manager RedBird Capital....
...In 2009, like countless other private-equity hopefuls scouting for deals, 3G Capital’s partner Daniel Schwartz screened a bunch of undervalued companies. He came across Burger King....
...Last month, General Atlantic agreed to roll most of its 52 per cent stake in software group EngageSmart into a $4bn buyout led by Vista Equity Partners, two years after General Atlantic listed it on the...
...partners....
...Such transactions might help to stem companies’ debt problems in the short term, while helping to preserve buyout firms’ equity....
...In September CVC Capital Partners paid €1bn for infrastructure fund manager DIF Capital Partners, which is of a similar size as Actis....
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