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...Grant Thornton’s retired US partners are demanding a greater share of the spoils from its sale of a majority stake to private equity, after accusing the accounting firm’s management of short-changing them...
...Retired US partners of Grant Thornton have stepped up their fight for a bigger share of the proceeds from the sale of the accounting firm, hiring lawyers to challenge management over the terms of the deal...
...Last month, the FT reported General Atlantic had filed confidentially for a public listing in the US. General Atlantic declined to comment....
...Another former Goldman partner, Justin Gmelich, was hired the following year to be co-chief investment officer alongside the promoted Russo....
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...US accounting firms have been flirting with private equity for several years, attracted by the ability to put an equity value on a firm that has historically paid out most of its earnings to partners....
...In recent years, Warburg Pincus, General Atlantic and Silver Lake have all promoted new top leaders....
...“It will help us turbocharge the Android and Chrome ecosystems, bring the best innovations to partners faster . . . and internally, it will also speed up decision making.”...
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...Data from S3 Partners shows TMTG is the third-most expensive US stock to borrow for short sales among companies with more than $25mn of short interest, behind cannabis group Canopy Growth and electric-car...
...US private equity firm General Atlantic is in talks to acquire infrastructure fund manager Actis as it seeks to diversify and add assets ahead of an expected initial public offering, according to four people...
...Along with rival ISS, Glass Lewis is one of the most powerful proxy advisers that make recommendations to shareholders on how to vote at annual general meetings and on matters of corporate governance....
...Firms that have shorted the stock include London-based Marble Bar, CapeView Capital and Kuvari Partners....
...“We wish that there could have been a better outcome for the Ted Baker employees and stakeholders,” John McNamara, chief strategy and transition officer at Authentic Brands Group, the US owner of the Ted...
...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....
...Last month, General Atlantic agreed to roll most of its 52 per cent stake in software group EngageSmart into a $4bn buyout led by Vista Equity Partners, two years after General Atlantic listed it on the...
...Regulators in Europe and other countries including the US have been scrutinising more deals after accusations they had been too lax about relatively small transactions with potential for significant market...
...A burst of dealmaking in 2022, when three of the top-25 US accounting firms took private equity cash, has reignited this year....
...With Labour holding a big lead in opinion polls over the Conservatives ahead of the general election expected later this year, any change of view by the main opposition party could be problematic for the...
...The other partner in the joint venture is US fund manager RedBird Capital....
...Some of this growth has been driven by its expansion in the US where it now has about 70 stores, up from less than five when General Atlantic first invested....
...The New York-based group, which manages $77bn in assets, has filed confidential paperwork with the US Securities and Exchange Commission for the public offering, two people familiar with the matter said,...
...A new group including Mubadala, Michael Dell’s family office, Goldman Sachs Asset Management and Lexington Partners will also invest cash into Endeavor....
...Santander has hired a trio of senior US bankers, Bloomberg reported....
...The deal would also dent competition for workers and hamper their ability to obtain higher wages, according to the complaint, which was joined by a bipartisan group of nine attorneys-general from regions...
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