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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
Former US partners hire lawyers in fight for bigger share of the proceeds from New Mountain deal
Accounting firm recently agreed to sell a majority stake to New Mountain Capital
...Professor Luc Van Gool from Swiss university ETH Zurich said Apple’s acquisitions of two local AI start-ups — virtual reality group FaceShift and image recognition company Fashwell — led Apple to build a...
...New Mountain bought a controlling stake in Citrin Cooperman in 2022 and has helped fund an acquisition spree that has swelled the accounting firm’s annual revenues to an estimated $700mn....
...The wrangling over Applus dates back to June, when Apollo offered €9.5 per share for the company....
...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....
...This included a Merck agreement with Daiichi Sankyo worth up to $22bn, Pfizer’s $43bn acquisition of lossmaking Seagen and AbbVie’s $10.1bn acquisition of ImmunoGen....
...The agreement also prompted the US biotech company to remove a “going concern” notice that was issued a year ago and had put pressure on the stock....
...And companies that ask for a reprieve rarely if ever get them....
...It dismissed a proposal by the two companies to divest several hundred stores as “inadequate”....
...The company’s last major acquisition was the $16.6bn takeover of heart device maker Abiomed in November 2022....
...Past liability management scenarios presented at JPMorgan’s high-yield and leveraged finance event this week included those of Bausch Health and Dish/EchoStar....
...Banks and insurance companies have also created significant partnerships with private equity and credit groups such as Blackstone and Warburg Pincus, seeking their investment expertise....
...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.”...
...Some of the biggest deals struck in the quarter included Capital One’s $35bn acquisition of Discover Financial, and chip design toolmaker Synopsys’s $35bn takeover of engineering software maker Ansys....
...But it will be companies with large health insurance divisions such as UnitedHealth not traditional retailers, that will have the best shot at capturing more of that $4.5tn pie. pan.yuk@ft.com...
...Some Paramount shareholders have urged the company to consider Apollo’s overtures, saying its plan is more straightforward and has a higher premium than the Skydance offer....
...Skydance is offering to buy Redstone’s National Amusements, which controls 77 per cent of Paramount’s voting stock, and later merge with the two companies....
...It is the latest in a string of challenges for the mid-cap UK pharma company, which has spent heavily on small acquisitions in recent years, increasing its debt....
...But J&J took it a step further, by filing not the whole $350bn company but a contrived subsidiary. The company had said it would pay up to $60bn of liability....
...a special purpose acquisition company....
...The acquisition also gives Novo Nordisk more expertise in RNA-based therapies, a growing field in pharmaceuticals....
...TKO is not included in the deal and will continue to be a public company....
...by Swiss company Novartis....
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