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...“We plan for these transitions years in advance to provide opportunities to our next generation of leaders before they assume their new roles,” Bain said....
...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
...“Clearly there’s an appetite for liquidity generation right now,” Silverman said....
...Another start-up using AI to counter fraud is US-based Catch, which aims to help vulnerable adults by detecting email scams, explaining the red flags and recommending next steps....
...Most of the deals were in the energy, tech and financial sectors, according to data from the London Stock Exchange Group....
...The Financial Times last week asked Apollo about its billing practices after the appeals court ruling....
...This happens because the software is designed to spot patterns and guess the best next option in a sequence....
...This included scrapping the investment management deal, which the Financial Times reported last year. At the time, Credit Suisse said a change to the contract would lead to a $600mn loss for the bank....
...This new generation of “trust busters” lament excessively lax antitrust policy in recent decades that they say has harmed competition across the US economy....
...Dechert has hired Brian Miner as a partner in its corporate and securities practice group. He joins from Schulte Roth & Zabel, where he co-chaired its M&A and securities group....
...Latin American banking: David Vélez, chief executive of Brazilian lender Nubank, has laid out ambitions to become Latin America’s biggest financial services group in an interview with the Financial Times...
...Rowan said the firm “decided to fundamentally change the compensation for four of our next generation of leaders”....
...Next question, please....
...However, one of that group, CVC, last month postponed its plans to go public until next year because of market uncertainty, the Financial Times reported....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...Chris Levesque, TerraPower’s chief executive, told the Financial Times the company would apply for a construction permit from US regulators this month for its reactor, which is cooled with liquid sodium...
...Ethan here; Rob is away for the next week. In his absence, we have a world-class line-up of Financial Times journos, including Katie Martin on the bull case for dividends....
...in the next few months....
...He accused AARC of causing “damage” and weakening Ted Baker’s financial position. AARC could not be immediately contacted for comment....
...On Wall Street, you never want the next person to profit off your genius....
...Ant’s efforts to expand its financial empire have been slowed since then. It was hit by a regulatory crackdown in late 2020 when its $37bn initial public offering was derailed....
...Waymo told the Financial Times that it had “a couple of hundred cars” in each of the three fully autonomous zones....
...All three groups declined to comment....
...The ecommerce group’s deal comes as part of a restructuring for Diamond Sports Group, which is aiming to leave bankruptcy protection; its collapse sparked a media rights crisis that spooked US sport....
...The valuation of the rest of the S&P A week or two ago, we wrote a piece implying that the Magnificent Seven tech stocks were not, as a group, in a bubble....
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