Hints and tips:
Related Special Reports
...Grant Thornton is the seventh-largest accounting firm in the US with $2.4bn in annual revenue. The sale of a majority stake to New Mountain represents the biggest private equity deal in the sector....
...the spoils of the deal....
...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...
...Last month UBS agreed to sell an additional $8bn of loans to Atlas SP as part of a renegotiation of the deal that also scrapped an associated investment management arrangement....
...Rohit Chopra, director of the Consumer Financial Protection Bureau, warned about the effects of large deals on competition and financial stability....
...The bulk of the recent fundraising, $5.6bn, was raised by already listed companies, but initial public offerings have also been picking up pace, and the strong performance of recent deals was expected to...
...protectionism and use of subsidies by the US, China and other global powers....
...Tiger closed the fund last week with total commitments of $2.2bn, according to a person with knowledge of the deal — suggesting it received further commitments of just $200mn in the intervening nine months...
...[Enlarge] Further reading:— Alert: Alphaville LLC issues new research report on Duchy of Cornwall (FTAV)— Greenland: Alphaville put on its sellside hat for the deal of the century (FTAV)— Alphaville LLC...
...TKO is not included in the deal and will continue to be a public company....
...The decision deals a blow to efforts by the banker, David Handler, to win hundreds of millions of dollars in Centerview equity he says he is owed....
...Nationwide Building Society has agreed a £2.9bn deal to buy Virgin Money, formalising an agreement in principle reached this month....
...In 2022, the DoJ convinced a federal judge to block the $2.2bn merger between book publishers Penguin Random House and Simon & Schuster....
...However, the move to a phase 2 probe will also give the government time to enact its pledge to kill the deal by keeping the investigation open, while Ofcom’s findings will give further justification for...
...Hedge fund Citadel and its sister firm, market-maker Citadel Securities, have agreed to pre-let at least 250,000 sq ft, or a third of the space, at 2 Finsbury Avenue....
...Google has a 10-year deal with derivatives exchange CME Group and invested $1bn in the Chicago-based business....
...One model is the Silver Lake buyout of computing company Dell. That deal in a decade has yielded about $100bn in profits for its backers including Michael Dell....
...Mercuria made approximately $2.7bn in 2023, he added, slightly down from the record $3bn set the previous year. However, the physical traders are not about to stop getting their hands dirty....
...Qatar said mediators had secured a deal to prolong the temporary truce between Israel and Hamas by two days to allow the release of more hostages held in Gaza....
...The UK’s Coventry Building Society has agreed heads of terms to buy Co-op Bank for £780mn in a deal that would return the private equity-owned bank to mutual ownership....
...The talks with Apollo about a deal were at an early stage, said three of the people familiar with the matter....
...As a part of the deal, Jana will get around 2.5 per cent of the shares in the listed Cannae. That stake is worth around $40mn after Cannae shares rallied a tenth on Thursday....
...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....
...But ambitious deals in financial services are never easy to pull off. Visa and Mastercard collectively have an equity value of $1tn....
...Investors have pulled about $2.7bn over the same period, including more than $1.8bn in outflows the first three months of 2024, according to data from Morningstar....
International Edition