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...Life insurers, particularly those linked to private equity groups, have pushed deeper into asset-backed securities in pursuit of investments that are a good match for their long-term liabilities but offer...
...Other recent partner-level exits include Solomon’s longtime lieutenant, Jim Esposito, Beth Hammack, co-head of the bank’s financing group and the former head of its consumer and wealth division Stephanie...
...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....
...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...
...KPMG sold the insolvency and restructuring business to private equity group HIG Capital in 2021....
...The bloated share counts push up trading volumes but can weigh heavily on stock prices, particularly for lossmaking groups....
...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....
...and Toyota Group as a whole”....
...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....
...Still, some are being cautious, and one group of investors doesn’t seem convinced: private equity is sitting on a record number of assets....
...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...
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...They certainly should after the entertainment group announced a long-expected go-private sale to its existing majority shareholders this week. The deal values Endeavor’s equity at $13bn....
...It set up a power trading division three years ago....
...It concluded that Apollo’s limited partnership agreements, with pensions and sovereign wealth groups, stated that such travel and dining expenses should be borne by Apollo, not the funds and its investors...
...That gives it an in-the-money option to acquire 15 per cent of the new group, which could be very valuable if the telecoms cycle ever turns. Another win for private equity; not so much for London....
...For Barings, which was well established in both the US and European markets, the mass defection has caused ructions at its $33bn private credit division....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...Barclays’ equities trading business was a bright spot in the division, with revenues up 25 per cent to £883mn....
...Nunes, a former Republican congressman, named four equities market makers in his letter: Citadel Securities, Virtu, Jane Street and G1 Execution Services....
...The search group had been testing generative AI software internally for several months by then....
...Nine workers who occupied a senior executives’ office were arrested and on Wednesday it fired 28 staff allegedly involved in the “No Tech for Apartheid” group....
...Talent agency Endeavor Group is being taken private at an equity value of $13bn after three years of lacklustre performance as a listed company....
...The investor gave more than $300,000 to Republican candidates and groups in 2023, according to Federal Election Commission filings, and more than $600,000 to Republican candidates and conservative causes...
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