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...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 between a traditional insurer and a private capital group...
...“If a group of partners came along and said, ‘join our lawsuit’, I would not have wanted to sign away my right to do that,” the former partner said. Grant Thornton declined to comment....
...A group of retired partners, including three former chief executives, are negotiating with the current leadership to try to get a better deal....
...Actis is General Atlantic’s largest acquisition, pushing the New York-based investment group to nearly $100bn in total assets....
...It comes weeks after smaller rival Baker Tilly agreed a $1bn cash infusion from private equity group Hellman & Friedman to fund an acquisition spree, and is likely to further intensify competition in a sector...
...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...
...its own Toyota shares it would reacquire as a result of the acquisition”....
...US private equity group Apollo Global is in discussions with Sony Pictures Entertainment about making a joint takeover bid for Paramount Global that would rival ongoing talks between controlling shareholder...
...He succeeds Jonathan Lavine, who will become chair of the group. The firm also named Chris Gordon and Robin Marshall as the heads of its global private equity business....
...In today’s newsletter: Tiger Global goes on the offensive Financiers pay homage to a Rothschild Dimon and debt at a packed Miami conference Tiger Global reflects on a ‘solid recovery year’ Chase Coleman...
...Darktrace’s board said: “The acquisition will provide Darktrace access to a strong financial partner in Thoma Bravo with deep sector and US markets expertise who can support Darktrace’s growth.”...
...Buyout groups are betting they can grow these businesses through acquisitions and turn many into companies large enough to eventually be listed on public markets....
...“In a way it’s an arms race,” Russell Hardy, chief executive of Vitol, the world’s biggest oil trader, told the FT Commodities Global Summit in Lausanne this month....
...“Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation,” he added....
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...The family lost control of the group after failing to repay bad debts of close to £1.2bn last year to Lloyds Banking Group....
...It also stepped in to lend to film and imaging company Kodak in 2021. Goldman has focused its growth efforts on asset management after abandoning a push into consumer lending and Main Street banking....
...Talent agency Endeavor Group is being taken private at an equity value of $13bn after three years of lacklustre performance as a listed company....
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...A senior EU court adviser has said the European Commission was wrong to block gene sequencing group Illumina’s $8bn acquisition of Grail and that the decision should be scrapped....
...The two parties are in talks about Křetínský’s EP Corporate Group taking a further 30 per cent stake, forming a joint venture, the group added on Friday....
...Products are complementary, meaning they can be cross-sold to the two groups’ existing customer base....
...introducing new powers to allow ministers to prevent a foreign state from owning a British news organisation, as pressure mounts from within the ruling Conservative party to block the takeover of Telegraph Media Group...
...Trading volume for TMTG, which last month merged with Digital World Acquisition Corp, was double its 20-day average early on Friday, according to Bloomberg data....
...Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
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