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...It was in effect blocked by the government earlier this year, although the acquisition process has continued as RedBird IMI has considered its next steps....
...Bridgepoint’s annual report attributed the decline to “reduced levels of exits in Bridgepoint funds”. Jefferies and Bridgepoint declined to comment....
...These areas are growing faster and carry higher fees than public equity and bond funds. But discrepancies in pay and culture can make integrating such acquisitions complicated....
...In March, private equity group Permira agreed to sell fund administrator Alter Domus to rival Cinven in a €4.9bn transaction....
...As part of the deal, Petershill will buy both a 20 per cent stake in Kennedy Lewis’ management company, and part of the business that collects incentive fees from its funds....
...But BlackRock said last month that he would seek re-election for one more year to oversee the integration of BlackRock’s $12.5bn acquisition of Global Infrastructure Partners....
...The shake-up, announced this month alongside BlackRock’s $12.5bn acquisition of Global Infrastructure Partners, will combine the various businesses that develop and manage the products it sells under a single...
...But for publicly traded capital managers considering such acquisitions, the tensions between fund investors, public shareholders and employees create a high-wire act....
...Adrian Frost, an investment manager at Artemis Fund Managers, a top-20 shareholder, said the bid price was “way off”....
...Barclays has hired Stephen Pick as head of mergers and acquisitions for Emea in London. He previously worked at UBS and Credit Suisse....
...Brooke Masters The biggest part of their business is what is known as index funds....
...“Anglo American is a local mining story that goes back more than 100 years in South Africa,” said Zwelakhe Mnguni, chief investment officer of Johannesburg-based Benguela Global Fund Managers....
...“Our acquisition philosophy has always been about growth,” Fink told analysts. With GIP, “I truly believe that this will be the case again,” he said....
...The acquisition was as lucrative as it was controversial....
...The firm will also bring together the iShares index funds with active funds and separately managed accounts under a new chief product officer, Stephen Cohen....
...It comes as North Sea producers are seeking scale to help fund investment and decommissioning costs....
...Private equity funds have been hit by high interest rates and choppy markets and are facing demands from their investors to return capital by selling assets....
...The proceeds raised from the offering will be used to help CVC grow, including through acquisitions of other managers, as the $8tn private equity industry undergoes a period of consolidation....
...After joining Goldman in 1999, Cohen cut her teeth in mergers and acquisitions in both New York and San Francisco....
...Mergers and acquisitions have also finally started to pick up. The number of mega-takeovers worth at least $10bn more than doubled in the first quarter. That’ll surely be a boon for fees....
...The NY dream team of Harriet Clarfelt and Brooke Masters report on the extraordinary shutdown of $220bn (!)...
...But investors including activist hedge fund Elliott Management are circling and Anglo chief executive Duncan Wanblad now faces a fight to keep the FTSE 100 company intact....
...Goldman’s alternative funds are on track to raise $225bn from outside investors by the end of 2023, a year earlier than planned....
...Earlier this month, Fink revealed that he had finally found it with the acquisition of a private capital firm, Global Infrastructure Partners....
...A tie-up involving the two listed groups would be one of the most influential in the mining sector since Glencore’s acquisition of Xstrata in 2013....
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