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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...
...That is due not only to the greater number of retail investors trading the stocks, but also to the growing popularity of sometimes-controversial equity fundraisings that can flood the market with new shares...
...After joining as an equity derivatives research analyst in 1998, Berlinski climbed to roles that included chief operating officer of global equities....
...A long-standing US investor in one of Toyota’s largest subsidiaries has blamed the sprawling car group’s structure for recent data scandals and called for an urgent governance overhaul, as well as the unwinding...
...It also seeded Clipway, a specialist that buys second-hand investor stakes in private equity funds, or secondaries, to build a presence in that fast-growing market....
...It will combine the work of public company investor activism with any subsequent control buyouts....
...Rashid had been accused of violating his duties to investors in Apollo private equity funds in the early 2010s by billing the funds hundreds of thousands of dollars in improper personal expenses, such as...
...Sony’s talks with Apollo come as Skydance’s approach faces criticism from some Paramount investors, who say the structure of the deal leaves them at a disadvantage....
...Still, some are being cautious, and one group of investors doesn’t seem convinced: private equity is sitting on a record number of assets....
...A fondness for European defence stocks has been a somewhat oddball hobby for most of the last decade or two, but like V-neck jumpers, the sector is firmly back in fashion....
...The deal values Endeavor’s equity at $13bn. But the $27.50 a share deal price is just 15 per cent above its April 2021 initial public offering price....
...Yes, dividend culture has declined in the US, but it is still, by some distance, the world’s most vibrant equity market. That’s the second pushback: why are you complaining about the US growth market?...
...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....
...The reality is that many investors these days like the opacity and artisanal marking of truly private credit funds....
...At the same time, growth stocks appear expensive, which gives value at least a statistical edge, particularly for investors who are willing to look out more than one year....
...Liability management is a fancy catch-all term for strategies used by companies and their private equity sponsors to reduce or push out their debt maturities — typically hurting existing investors in the...
...$3.5bn raised compared to just $500mn in the same period in 2023, according to Dealogic, but the two largest deals — sportswear maker Amer Sports and healthcare group BrightSpring — both struggled to build investor...
...“Equities have been on a fantastic run,” he said....
...the law firm Clifford Chance.But such deals to de-list companies from the public markets are not always popular with investors in private equity funds or with public equities fund managers who want to back...
...Thursday’s filing gave no financial details of the proposed equity issue, but people familiar with the matter have previously said the goal was to raise more than $1bn at a valuation of $10bn....
...It acquired a stake in Clipway, which buys second-hand investor stakes in private equity funds — or secondaries....
...Last year private equity group Francisco Partners agreed to buy financial data provider Macrobond for almost €700mn, while in 2022 Permira gained control of Reorg in a deal that valued the distressed debt...
...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....
...Investors also attacked a series of acquisitions made under her watch....
...However, the latest slew of Mang investments are about more than pure financial calculation and do not always involve direct equity participation....
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