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...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 sale of a majority stake to New Mountain represents the biggest private equity deal in the sector....
...Life insurers, particularly those linked to private equity groups, have pushed deeper into asset-backed securities in pursuit of investments that are a good match for their long-term liabilities but offer...
...Advocates of private equity say it can be used to boost growth and introduce a more compelling incentive structure for partners and staff....
...A person familiar with its deal said that the two private equity firms would take an equity stake of about $1bn for just over 50 per cent of the firm, with more than $900mn coming from H&F....
...KPMG sold the insolvency and restructuring business to private equity group HIG Capital in 2021....
...If the deal goes through, it would mark the latest high-profile take-private of a UK-listed company by an overseas private equity group....
...In the late 1990s, Princeton allocated just 25 per cent collectively to private equity and real estate. Its target now is at 48 per cent....
...Other firms, including Blackstone and Hg, have sought cut-rate loans for new deals, with banks and the direct lenders of the private credit industry often being played against each other as private equity...
...Private equity firms must get into the weeds of a business. Hedge funds prefer spreadsheet calculations that they can paste into letters and PowerPoint slides....
...Such private investments in public equity — or PIPE — deals are relatively common in the US, offering private equity houses a downside-protected route into a company’s share capital....
...Private equity buyers see an opportunity that has sometimes played out inside their own firms....
...a non-disclosure agreement to a “private email address”....
...Private equity firm Silver Lake on Tuesday said it has agreed to pay $27.50 per share in cash for the Hollywood powerhouse....
...Expectations picked up on a three-year horizon, rising to 2.9 per cent from 2.7....
...But the Apollo case shows that in private equity, monitoring and enforcing contract terms is not so straightforward. sujeet.indap@ft.com...
...The firm also named Chris Gordon and Robin Marshall as the heads of its global private equity business....
...They certainly should after the entertainment group announced a long-expected go-private sale to its existing majority shareholders this week. The deal values Endeavor’s equity at $13bn....
...obliviousness offered by private BDCs and other nontraded private credit vehicles....
High-speed trading firm sued hedge fund last week over lucrative options trading strategy it claims were stolen
...“[Private equity owners] will pop up in any jurisdiction, they will chance their arm.”...
...Liability management is a fancy catch-all term for strategies used by companies and their private equity sponsors to reduce or push out their debt maturities — typically hurting existing investors in the...
...Could a tsunami of private equity debt restructurings be on the horizon as public equities approach fresh highs? Who Cares? Does it really matter if cogs in the billionaire factory are a bit jammed?...
...Scott Shleifer, the head of Tiger’s $30bn-plus private equity business who was instrumental in the firm’s growth, announced late last year he would step down from his role at the hedge fund....
...But it is also driven by private equity’s use and abuse of so-called continuation funds to extend investment horizons — either because they want to hold on to thriving portfolio companies for longer, or...
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