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...He previously worked at insurance group Aviva for more than a decade....
...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 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...
...Grant Thornton is the seventh-largest accounting firm in the US with $2.4bn in annual revenue. The sale of a majority stake to New Mountain represents the biggest private equity deal in the sector....
...Google reported $175bn in revenue from search and related ads last year, more than half its total sales, posing a conundrum for the company over how to embrace the latest AI innovations while preserving...
...Other media groups are also looking at deals involving their customer data, according to industry executives....
...The league’s 11-year, $110bn media rights deal and generous revenue-sharing agreements among its 32 teams have sent valuations soaring....
...The company earned revenues of €905mn in 2023, up 4.5 per cent year on year....
...Chicago-based Baker Tilly US is on course for $1.8bn in revenue for the year ending May, said Ferro, putting it in the top 10 largest firms in the US....
...Grifols, Spain’s most successful global healthcare group, has been rocked by fraud allegations from a UK-based short seller that sent its share price plunging by more than 40 per cent and wiped billions...
...Spire has been expanding in complementary services and in October paid £74mn for Vita Health Group, a mental health provider....
...J&J’s medtech division has outstripped the growth of the company’s drugs and diagnostics business, generating $30.4bn in sales last year, or 35 per cent of group revenues....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...Meanwhile, Sweden’s tax authority told the FT that of 750,000 people registered as sole traders in 2022, approximately 180,000 reported no revenues....
...The group acquired healthcare provider One Medical in 2022 and last year announced the rollout of RxPass, which allows Prime members to order an unlimited amount of some unbranded prescription medications...
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...Dechert has hired Brian Miner as a partner in its corporate and securities practice group. He joins from Schulte Roth & Zabel, where he co-chaired its M&A and securities group....
...The decision was seen as controversial because Grail has no revenues and presence in Europe, usually a prerequisite for mergers being investigated by Brussels....
...Below is a small representative group that, just on the numbers, caught my eye....
...Advertising software group Klaviyo was the only large software listing on NYSE last year, as Nasdaq lured chip designer Arm and delivery group Instacart....
...It culminated last week with the sale of a $5bn loan that backed KKR’s purchase of a stake in a healthcare technology company known as Cotiviti....
...The tech-heavy Nasdaq Composite was up 0.9 per cent, with Apple the only faller within the Magnificent Seven group of Big Tech stocks....
...The Houthi rebel group claimed responsibility for the attack on Wednesday evening local time....
...Their nominal revenues went up alongside inflation. If they can defend their profit margins, which diversified big businesses tend to be able to do, then their dollars of profit will go up....
...The search group had been testing generative AI software internally for several months by then....
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