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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....
...The cash from New Mountain, together with some debt financing, will be used to return capital to current partners, buy out retirement obligations to former partners and build a war chest for investment,...
...H&F’s investment also underscores the growing interest of private equity in professional services firms, and represents a return to large-scale dealmaking in the US accounting sector after a hiatus caused...
...Lavine joined Bain in 1993, leading its credit investment business before being named co-managing partner in 2016....
...The deal was one of several recent examples of private equity firms investing in the professional services industry....
...The Actis transaction comes just days after BlackRock agreed to buy Global Infrastructure Partners for $12.5bn to create the world’s second-largest infrastructure firm....
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...“We are in a new era of realising that these partnerships have attractive alternatives,” said Peter Munzig, a partner at TPG, one of the most active dealmakers in professional services....
...Dean Meyer has joined venture capital firm Sequoia as a partner focused on early stage investments. He was previously an investor at Vine Ventures....
...Cannae is the vehicle of Bill Foley, the multi-billionaire who made his fortune in a series of financial technology and financial services companies....
...Rothschild set up RIT Capital Partners, a listed investment trust investing in public and private markets that he chaired for more than 30 years....
...The rise in average partner pay to £644,000 puts Grant Thornton ahead of mid-tier rival BDO, which handed its partners an average of £609,000 last year....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...Ardonagh is owned by Madison Dearborn and HPS Investment Partners....
...Partners at the firm took home an average of £1.06mn during the period, which was the highest average partner pay among the Big Four last year....
...Chamath Palihapitiya’s venture capital group Social Capital has fired two of its most senior partners and hired a law firm to investigate an undisclosed “situation” related to its investment in Groq, an...
...Millennium’s investment and the fact that Taula is seeking to launch with up to $5bn of capital were previously reported by industry information service With Intelligence....
...Ofcom considered that International Media Investments, a majority partner in the takeover vehicle’s owner, “may have the incentive to influence TMG in a way that could potentially act against the public...
...Apoorv Agrawal, a partner at investment firm Altimeter, calculates that the Mangs participated in data and AI start-up investment deals worth $23bn last year — about 30 per cent of the total....
...The green investment backlash led by US Republicans has led to investment funds pulling more than $13bn from BlackRock, the world’s largest asset manager....
...There’s a private credit boom going on, and underworked, bonus-anxious investment bankers and their asset management colleagues are ON IT....
...A few weeks earlier, Shiber had joined Centerview Partners, the elite boutique M&A investment bank, as a 21-year-old, first-year analyst....
...Ant’s bid for Credit Suisse Securities (China) Ltd, which includes investment banking and brokerage services in mainland China, could complicate UBS’s plans to dispose of its stake in the unit....
...This article has been amended since initial publication to clarify that Hg Capital Trust’s investment in Argus Media was valued at about £52mn, not Hg’s overall investment....
...Some previous bidders for the Telegraph have approached RedBird IMI with offers of investment, according to people familiar with the matter....
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