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...As well as paying off obligations to retirees, the new structure involves repaying capital to current and former partners....
...“If a group of partners came along and said, ‘join our lawsuit’, I would not have wanted to sign away my right to do that,” the former partner said. Grant Thornton declined to comment....
...The cash from New Mountain, together with some debt financing, will be used to return capital to current partners, buy out retirement obligations to former partners and build a war chest for investment,...
...for mergers and acquisitions....
...F1’s operating profit increased by 64 per cent to $392mn in 2023 from a year earlier, as revenues surged to $3.2bn from $2.5bn. Dorna’s revenues totalled €483mn in 2023....
...Actis is General Atlantic’s largest acquisition, pushing the New York-based investment group to nearly $100bn in total assets....
...Its adjusted core profit rose 28 per cent to €64.6mn. The company will release its full-year results at the end of the month....
...Nimmo said Interpath was looking at opportunities to expand into continental Europe and the US, which could include further acquisitions....
...Some of the biggest deals struck in the quarter included Capital One’s $35bn acquisition of Discover Financial, and chip design toolmaker Synopsys’s $35bn takeover of engineering software maker Ansys....
...Trading volume for TMTG, which last month merged with Digital World Acquisition Corp, was double its 20-day average early on Friday, according to Bloomberg data....
...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....
...The other partner in the joint venture is US fund manager RedBird Capital....
...Buyout groups are betting they can grow these businesses through acquisitions and turn many into companies large enough to eventually be listed on public markets....
...Rothschild set up RIT Capital Partners, a listed investment trust investing in public and private markets that he chaired for more than 30 years....
...A new group including Mubadala, Michael Dell’s family office, Goldman Sachs Asset Management and Lexington Partners will also invest cash into Endeavor....
...Last year VinFast listed in the US through a merger with a special purpose acquisition company....
Rishi Sunak under growing pressure to veto newspaper group’s purchase by Abu Dhabi-backed RedBird IMI
...Then 3G Capital went on an acquisition spree....
...One Rock Capital Partners has hired Sudeep Shetty to its team of operating partners. He previously worked for soft drinks company Britvic....
...Partners at the firm took home an average of £1.06mn during the period, which was the highest average partner pay among the Big Four last year....
...No final decision on a deal has yet been made, the people said, and any transaction would require the agreement of Founder Securities, the Chinese joint venture partner that owns a 49 per cent stake in the...
...Eventually they also decided they needed a partner to help revitalise the group’s performance, according to an insider....
...“The receptivity to bank M&A of size has not been high in this administration,” said Brian Graham, partner at financial services advisory firm Klaros Group....
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
Independent board to oversee newspaper as prospective Abu Dhabi-backed bidder awaits outcome for takeover
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