Hints and tips:
...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....
...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 number of big specialist insurers listed in London has dwindled with the acquisitions of groups such as Catlin, Amlin and Novae over the past decade....
...General Atlantic, best known for backing TikTok parent company ByteDance, and Paris-based Carmignac have bought minority holdings in Clipway, a firm set up by former Ardian senior investor Vincent Gombault...
...TPG sold a controlling stake in the talent agency CAA to Artémis, the holding company of the Pinault family, at a $7bn valuation....
...Google will detail more of its plans in AI and search at its annual I/O developer conference on May 14 and 15 at its headquarters in Mountain View, California....
...Jana Partners, the prominent US activist fund with around $2bn in assets, announced on Wednesday that it would work alongside Cannae Holdings, a financial sponsor holding company....
...Emanuel will roll his equity holdings into the privatisation alongside other Endeavor executives....
...In 2012, Bill Ackman convinced 3G Capital to merge with Justice Holdings, a UK special purpose acquisition company, sponsored by the hedge fund manager, Martin Franklin and Nicolas Berggruen....
...With Labour holding a big lead in opinion polls over the Conservatives ahead of the general election expected later this year, any change of view by the main opposition party could be problematic for the...
...Here’s how it worked: Signa Development, one of three companies that oversaw the group’s investments, lent €125mn to Laura Finance Holding GmbH and another €190mn to Laura Holding GmbH, as part of large...
...His investment vehicle was ultimately paid $578mn for part of its equity holdings in WeWork....
...A month later, Grant Thornton US agreed to sell a 60 per cent stake to New Mountain Capital....
...GIC disposed of its roughly $300mn holding at a discount, leaving the Singaporean fund with a loss on its investment, according to people familiar with the matter....
...Only The Brave, the Italian holding company that owns Diesel and Maison Margiela, is prioritising supply chain acquisitions....
...But analysts and investors argue that the only way UBS will be able to mount a credible challenge in the US wealth market long term is through acquisitions....
...One thing to start: The private equity industry is facing a “shakeout” that could result in painful losses for investors who piled into the sector without properly understanding the risks of holding illiquid...
...The growing gap between Endeavor and the value of its assets was made even clearer following the acquisition of talent agency rival CAA by Artémis, the family holding company of French billionaire François-Henri...
...Law firm Quinn Emanuel Urquhart & Sullivan, which has filed complaints in the Swiss court on behalf of 1,000 investors with more than $6bn of AT1 holdings, could take the unusual step of filing a lawsuit...
...VinFast listed via a special purpose acquisition company — a so-called blank cheque vehicle, which raises funds and then looks for something to buy....
...Vista, Carlyle Group, SoftBank and European software investor HG Capital have turned to NAV loans to pay out dividends to the sovereign wealth funds and pensions that invest in their funds, or to finance acquisitions...
...“It’s on the sponsor to defend their portfolio,” said John Kline, managing director of New Mountain Capital....
...The holding company owned by French billionaire François Pinault and his children will end up holding a 56 per cent stake, the documents show....
...The Pinault family’s holding company Artémis, whose other holdings include a controlling stake in luxury group Kering and auction house Christie’s, plans to use $2.8bn in equity and $425mn in debt to buy...
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