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...In March, private equity group Permira agreed to sell fund administrator Alter Domus to rival Cinven in a €4.9bn transaction....
...A spokesperson for the group of creditors declined to comment. Lawyers for Signa Development and Benko and a spokesperson for its administrator did not respond to requests for comment....
...The administrators’ case against other defendants, including the firm’s former chief executive Michael “Andy” Thomson, is ongoing and proceedings are scheduled to continue next week....
...EY could also have faced unlimited liability for claims of damages from Wirecard’s administrator and former shareholders....
...Christof Stapf, the administrator appointed to oversee the wind-down of Signa Holding, the group’s main company, said last month that the group’s organisation chart, which he had only just finished reviewing...
...Its asset management arm has been slowly selling FTX’s tokens on to the open market to help the failed exchange’s administrators recover the value of assets and pay back creditors....
...The company provides water and sewerage services to about 25 per cent of the UK population and is struggling under the weight of its £18.3bn group debt burden....
...EY is facing an avalanche of lawsuits from former Wirecard investors, as well as its administrator, demanding billions of euros in damages....
...UK private equity group Cinven is set to acquire a majority stake in fund administrator Alter Domus from Permira, according to people familiar with the matter, in a deal that highlights rising interest from...
...The intention to appoint administrators notice is meant to prevent creditors such as suppliers or landlords from claiming any money for 10 days before a formal appointment of administrators is made....
...The administrators have agreed to sell about two-thirds of the 8 per cent stake in Anthropic for about $884mn to a group of 22 investors, including ATIC and Jane Street, according to filings on Friday....
...The business was ultimately acquired by Apex Group, another fund administrator....
...The Body Shop has appointed administrators for its UK arm, three months after its new private equity owners took control of the business in a £207mn deal....
...how much lenders to the group could expect to recoup....
...Administrators at René Benko’s collapsed European property empire are seeking €350mn from investors to forestall a painful fire sale of assets in the coming weeks....
...The haircut underscores the distress in the European commercial property market — in which Signa Group companies must now sell assets — and raises fresh questions over the opaque way the sprawling group...
...Ted Baker said in a notice to the High Court this week that it intended to call in administrators. It is not alone....
...Hundreds of unsecured creditors including consulting firms Accenture and the Boston Consulting Group were owed a total of £44.6mn, according to the administrators’ proposals finalised this week....
...In 2022, the administrators of Patisserie Valerie also settled a £200mn lawsuit with the firm that alleged negligence in its audits of the café chain....
...Although Signa Holding only employed 43 people, it was the management company responsible for overseeing the finances of a group with €27bn in assets and an estimated €13bn in debt....
Bosses of Woolworths and Coles defend profitability on first day of inquiry
...The union that represents the biggest group of members in the USS called on Thursday for the renationalisation of Thames Water....
...It acquired the brand from private equity group Apax Partners, which bought it at a reported $1bn valuation in 2017....
...Getting administrators to address the problem can be fraught, especially when the cheaters are international students who pay higher fees than locals....
...is now likely to go unpaid, according to administrators....
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