Hints and tips:
Related Special Reports
...that has been fast expanding beyond traditional tax and accounting into consulting services....
...H&F has invested in business services companies such as advertising agencies, advisory firms and insurance brokerages for decades....
...The deal was one of several recent examples of private equity firms investing in the professional services industry....
...It has the highest debt-to earnings before interest, taxes, depreciation and amortisation ratio in the sector and, like other legacy media groups, is coping with declining TV assets while its streaming service...
...It concluded that Apollo’s limited partnership agreements, with pensions and sovereign wealth groups, stated that such travel and dining expenses should be borne by Apollo, not the funds and its investors...
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...The assumption in Hollywood has been that private equity groups would swoop in and buy their TV assets, which are still throwing off cash....
...It also opened proceedings against Meta over whether the group’s new “pay or consent” subscription model complied with the DMA requirement for gatekeepers to obtain user agreement to “combine or cross-use...
...Dechert has hired Brian Miner as a partner in its corporate and securities practice group. He joins from Schulte Roth & Zabel, where he co-chaired its M&A and securities group....
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work....
...Big entertainment groups including Warner, Paramount and Disney have been on a cost-cutting mission as they try to shrink losses running into the billions of dollars from their video streaming services....
...All three groups declined to comment....
...The valuation of the rest of the S&P A week or two ago, we wrote a piece implying that the Magnificent Seven tech stocks were not, as a group, in a bubble....
...The strong showing comes amid turmoil at the media group, which is set to announce lay-offs this month....
...Ant’s bid for Credit Suisse Securities (China) Ltd, which includes investment banking and brokerage services in mainland China, could complicate UBS’s plans to dispose of its stake in the unit....
...Argentina’s libertarian president Javier Milei has launched an aggressive campaign to overhaul state-owned companies, from an airline and an oil group to the postal service, as lawmakers hold back his plans...
...ISS said the board had tried to justify the increase in Botín’s pay by pointing to the group’s strong results and shareholder returns, as well as the need to stay competitive with rivals....
...TCI and Pershing Square are the youngest funds on the list, competing with older groups such as Millennium and Citadel, which were founded in 1989 and 1990 respectively....
Search group now accepts advertising for crypto funds but still bans marketing of initial coin offerings
...Over the past few months ExxonMobil agreed to acquire shale group Pioneer Natural Resources for $60bn, Chevron reached a deal to buy Hess for $53bn and chip design toolmaker Synopsys announced the takeover...
...Below is a small representative group that, just on the numbers, caught my eye....
...It followed a stand-off between the then government and the tech sector that led to Google warning it would shut down its search services in Australia....
...Having spent billions on developing generative AI, tech groups are now focusing on creating clear business models from the technology....
...UBS put the unit, which includes investment banking and brokerage services, up for sale after taking control of Credit Suisse when it collapsed last year....
International Edition