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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....
...Another former Goldman partner, Justin Gmelich, was hired the following year to be co-chief investment officer alongside the promoted Russo....
...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,...
...The money will predominantly be used to buy out retirement obligations to former partners and return capital to its 600 current partners, as well as to recapitalise the balance sheet and build a war chest...
...A former top investment banker at Centerview Partners did not strike a valid agreement to become a full-fledged partner at the elite advisory firm during a restaurant meeting held more than a decade ago,...
...Last year, a number of UK companies, including veterinary pharmaceuticals company Dechra and the restaurant group behind Japanese dining chain Wagamama, were acquired by buyout firms....
...Rashid, who had been fired from Apollo and repaid the expenses, offered an intriguing defence: He said he believed Apollo, not the funds, was reimbursing him for, among other things, restaurant boondoggles...
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...Adam and his business partner Seto sell one-of-a-kind pieces from their menswear line, all handmade in Indonesia using rare textiles and fabrics. Each piece is unique....
...It’s rare for buyout partners to become executives of the companies they own. Cutting costs, 3G sold off the 1,300 company-owned restaurants to franchisees....
...Citadel Securities was a supporter of Lutnick’s last attempt to take on the CME in 2007, which failed partly because the venture lost its planned clearing partner....
...Ted Baker is on the brink of collapse unless it finds a new business partner, casting doubt over the future of hundreds of high street jobs at the UK fashion brand....
...Industries such as retail and restaurants draw from the same pool of labourers, providing competition. A judge in Oregon will decide who is right....
...The first restaurant he opened, in 1981, with his then business partner Chris Corbin, Le Caprice became a sensation....
...This served as Gaziel and his partner and co-founder Shai’s inspiration for opening La Hummuseria in 2015. Middle Eastern cuisine is “full of strong flavours and fresh ingredients”, he says....
...Ayesha is the executive chef and partner at Shuka and Shukette, two beloved New York restaurants....
...“The restaurant sector is remarkably resilient in terms of customer demand,” said Harry Goss, partner at McWin....
...“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.”...
...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....
...David Trujillo, another partner at TPG, summed up the pitch to accountants and others they are trying to lure away from the partnership model....
...Apollo has done deals in the restaurant and entertainment sector before but has largely focused on companies in North America. Among its past investments are the Chuck E. Cheese restaurant chain....
...The venue comes courtesy of Oliver’s partner in the venture, Andrew Lloyd Webber. He owns the Theatre Royal Drury Lane and what was originally its side alley....
...Welker is a partner at Sherborne, the investment group that led the break-up of former Hostmore owner Electra in 2021....
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