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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...
...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....
...It boasts that it has never had an investment go bankrupt or miss an interest payment in more than 80 private equity deals executed since it was founded in 2000....
...After joining as an equity derivatives research analyst in 1998, Berlinski climbed to roles that included chief operating officer of global equities....
...The US-based group will make its investment from a $24.4bn fund raised in 2021 that is one of the largest funds dedicated to private equity deals....
...The infrastructure operation will join a growing stable of investment capabilities inside General Atlantic. Last year, it acquired a footprint in credit investments by purchasing Iron Park....
...Financing costs also rose 44 per cent to £18.8mn, with Nimmo saying “investment has required some additional facilities to be used”....
...Toyota has already unwound some of its cross-shareholdings to mobilise resources for the massive investments needed in battery electric vehicles and technology....
High-speed trading firm sued hedge fund last week over lucrative options trading strategy it claims were stolen
...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....
...US private equity group Apollo Global is in discussions with Sony Pictures Entertainment about making a joint takeover bid for Paramount Global that would rival ongoing talks between controlling shareholder...
...A former top investment banker at Centerview Partners did not strike a valid agreement to become a full-fledged partner at the elite advisory firm during a restaurant meeting held more than a decade ago,...
...In his ruling, Castel said that Apollo’s accounting department “deserve[d] significant blame” for the harm done to fund investors but still ruled that Rashid had violated US securities law on investment...
...Buyers then make the sorts of operational changes the activist wanted and relist the business, earning several multiples on their initial investment. Now the two are joining forces....
...Dean Meyer has joined venture capital firm Sequoia as a partner focused on early stage investments. He was previously an investor at Vine Ventures....
...Accounting firms that have taken private equity investments have indeed sped up their expansion....
...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....
...Half of Tuesday’s press release was dedicated to the phalanx of lawyers and investment bankers needed to untangle this web. Endeavor never really caught the fancy of the large mutual funds....
...Emanuel will roll his equity holdings into the privatisation alongside other Endeavor executives....
...Barings told the FT that while some of its funds had paused making investments, it “remains open for business and able to invest” through other vehicles such as its US-listed entity....
...There’s a private credit boom going on, and underworked, bonus-anxious investment bankers and their asset management colleagues are ON IT....
...But subordinating investment policy to tax minimisation is a choice, not a necessity....
...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....
...Such transactions might help to stem companies’ debt problems in the short term, while helping to preserve buyout firms’ equity....
...RedBird IMI now owns £600mn of debt behind the group, which carries an option to convert into equity ownership that RedBird IMI can no longer use....
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