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...As well as paying off obligations to retirees, the new structure involves repaying capital to current and former partners....
...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,...
...The notice to regulators comes five weeks after A-Cap’s chief executive, Kenneth King, announced plans to raise up to $400mn of new capital following a credit rating downgrade by AM Best....
...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...
...“The capital need for sustainable infrastructure and the energy transition is huge,” Ford said in an interview with the Financial Times from the World Economic Forum in Davos....
...“We saw some of our competitors outgrowing us and outmanoeuvring us because they had access to capital,” said Christian Sinding, a longtime EQT employee who has served as chief executive for the past five...
...My problem with animal welfare is that it’s so myopically focused on the animal in question that you start not thinking about capital....
...Sir Martin Sorrell, chief executive of advertising form S4 Capital, said that some clients that did not have access to first party data on their customers were “panicking”....
...Hollywood entertainment group Endeavor and its private equity partner Silver Lake, which have controlled Learfield since 2018, will become minority partners under the restructuring terms....
...“It may be that for a certain time we’ll need a specific number of servers but if market conditions change, we need to scale that five or 10 times....
...Firms that have shorted the stock include London-based Marble Bar, CapeView Capital and Kuvari Partners....
...The other partner in the joint venture is US fund manager RedBird Capital....
...Blake Kleinman, partner at H&F, said after doing the Baker Tilly deal that his firm liked to be “the first capital” coming into a partnership to shake up the ownership model....
...Its shares have risen a healthy 69 per cent in the past five years — but vastly trailing Mastercard and Visa. And so to keep up, it will pay up....
...Diego Megia, who worked at Citadel before a five-year stint at Millennium, is targeting $4bn to $5bn of investor capital for the launch of Taula Capital, according to two people familiar with the fundraising...
...Microsoft, Amazon, Nvidia and Google, four of the five biggest US companies by market value, have become the dominant investors in the hottest artificial intelligence start-ups....
Rishi Sunak under growing pressure to veto newspaper group’s purchase by Abu Dhabi-backed RedBird IMI
...Rothschild set up RIT Capital Partners, a listed investment trust investing in public and private markets that he chaired for more than 30 years....
...The last big merger between two banks occurred almost five years ago, when regional lender BB&T bought SunTrust for about $28bn in a $66bn deal, forming Truist....
...“The receptivity to bank M&A of size has not been high in this administration,” said Brian Graham, partner at financial services advisory firm Klaros Group....
...The FT’s HTSI delves into the growing Tracksmith Amateur Mile, a one-mile race....
...Since announcing plans to launch two Orient Express-branded superyachts early last year, Accor has been seeking a partner to bankroll the majority of the capital expenditure associated with the cruise liners...
...Increasingly, they are focused on helping companies already in their portfolios towards exits which would then allow VCs to return capital to their own limited partners....
...Hedge fund Cyrus Capital will meanwhile convert a loan made to Esken into equity, picking up the company’s new minority stake in the airport, which is located 36 miles east of central London....
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