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Related Special Reports
...The Capital One deal will relegate Jamie Dimon’s bank to second place....
...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
...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....
...The deal was one of several recent examples of private equity firms investing in the professional services industry....
...“These are designed to protect investors, ensure our market operates with optimal liquidity and transparency, and allow capital formation.”...
...When the bill comes due, Capital One Financial will need to show it has the funds....
...The original Credit Suisse deal with Apollo led to the alternative investment manager taking on one of the Swiss bank’s most profitable divisions, but one that required a lot of capital....
...“We are in a new era of realising that these partnerships have attractive alternatives,” said Peter Munzig, a partner at TPG, one of the most active dealmakers in professional services....
...Capital One’s acquisition of Discover values its smaller rival’s stock 27 per cent above Friday’s closing price....
...The evidence cited by the appeals court included testimony by one current and one former Apollo chief financial officer, as well as a high-level investor, that they believed Apollo, not the funds, was to...
...He was a day-one investor in venture capital giant Sequoia Capital, as well as other leading private capital groups including Benchmark Capital and Hillhouse Investments....
...An OCC spokesperson said the agency had “not received a filing from Capital One regarding Discover Financial Services”....
...Some of the biggest deals struck in the quarter included Capital One’s $35bn acquisition of Discover Financial, and chip design toolmaker Synopsys’s $35bn takeover of engineering software maker Ansys....
...The figures suggest that top managers prioritise careful deployment of investors’ capital, rather than making the fund as large as possible....
...Alphaville got its mitts on the Palmer Square Capital BDC deck, which you can read here, including a slide showing the investment yield on offer in these vehicles....
...Brussels hopes to finalise its probes in one year. The timeline is faster than the many years it has historically taken to deal with antitrust investigations....
...One good read Reading old, busted-up scrolls with AI....
...Among other multi-manager funds, Eisler Capital, which has $4bn in assets, gained 9.8 per cent last year, according to a person familiar with the matter....
...The vessel had a crew of 15 Filipinos, four Vietnamese and one Indian. There were also three security guards — two Sri Lankans and one Nepalese....
...One good read Negativity bias in newspapers has become much worse over the past 50 years....
...Eminence was one of several New York-based activist funds, alongside Sachem Head Capital Management and Dendur Capital, which had pushed Entain to grant them board seats....
...One good read A carbon tax by other means....
...Researchers have called for more comprehensive data and transparency from AI firms, including a breakdown of how much different computing services consume, for example, search engines versus AI services....
...Millennium’s investment and the fact that Taula is seeking to launch with up to $5bn of capital were previously reported by industry information service With Intelligence....
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work....
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