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...Advocates say private equity can bring more efficiency to the profession and access to capital for critical investment, but the financial terms of such deals can prove controversial....
...KPMG sold the insolvency and restructuring business to private equity group HIG Capital in 2021....
...One of Silicon Valley’s most prominent venture capital firms, Lightspeed Venture Partners, is seeking to use a private equity-style structure to sell $1bn worth of start-up stakes and free up cash to return...
...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...
...Private equity firms are quietly preparing funds to invest exclusively in the US National Football League, according to people familiar with the matter, as a potential precondition for being allowed to hold...
...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...
...Typically, private equity groups aim to hold assets for about five years....
...The lack of money generated by their private equity investments has also made it difficult for investors to continue committing capital to the asset class....
...HIG Capital has filed a complaint against fellow middle-market specialist Audax Group, which sold telecoms software company Mobileum to HIG for $915mn in early 2022....
...Interpath has suffered widening losses since it was offloaded by the Big Four firm to HIG Capital for about £400mn....
...“I think we’re still in the early stages of the recovery phase that will ultimately allow private equity investors to return capital....
...CVC Capital Partners, one of Europe’s biggest private equity firms, has approached Big Four accountancy group EY about buying its Italian consulting arm, according to people familiar with the matter....
...The public listing of European private equity firm CVC Capital Partners will net one of its co-founders, Donald Mackenzie, a windfall of up to €150mn....
...“The equity markets, especially in Hong Kong and China, are very poor,” said a private equity manager who has been raising capital in Asia for a single-asset continuation fund....
...In today’s newsletter: Getting rich on CVC Consulting firms trim down Blackstone bids for Hipgnosis CVC’s stakeholders get ready for their payday CVC Capital Partners, one of Europe’s biggest private...
...An Africa-focused venture capital firm has steered one of the region’s biggest fundraising efforts of the past five months to invest in technology start-ups, signalling a potential upturn in dealmaking for...
...Jackson, a BoE executive director, added in a speech that “very few firms carry out routine, bespoke and comprehensive stress testing for aggregate [private equity firm] related exposures”....
...It comes against a backdrop of a decline in public equities markets globally....
...The firm has said it has never sued a former employee before this lawsuit....
...Others include private equity firms RedBird Capital Partners, Ares Management, Silver Lake, Sixth Street and CVC Capital Partners....
...CVC Capital Partners, one of Europe’s largest private equity firms, is aiming to raise more than €1.25bn in an initial public offering on the Amsterdam stock exchange, ending a years-long wait to go public...
...But the latest gusher comes after a year in which private equity firms were forced to contribute higher proportions of equity into leveraged buyouts....
...Three years ago, British private equity firm Cinven was forging ahead in its quest to buy up chunks of Europe’s sleepy life insurance sector....
...CVC in September bought Dutch infrastructure fund DIF Capital Partners, having acquired Glendower Capital, which invests in deals where private equity firms sell companies to themselves, in 2021....
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