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...Additional reporting by Ian Smith and Cynthia O’Murchu in London...
...Aspen’s chief executive Mark Cloutier was previously the boss of Brit Group, which was also backed by Apollo and chose London for its 2014 IPO, before its acquisition a year later by Canadian group Fairfax...
...Additional reporting by Robert Smith in London and Kana Inagaki in Tokyo...
...A month later the New York-based firm said it had acquired private credit firm Iron Park, a business set up by Tripp Smith, a former Blackstone credit executive....
Biggest proxy advisers say special five-year scheme is excessive and insufficiently tied to performance
...In 2021, the private equity group led an investment in a property management software company alongside Smith....
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...“More people are travelling in groups, seeking convenience, comfort and spaciousness.”...
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...And DS Smith isn’t alone....
...The failure of Signa, whose portfolio also includes stakes in London’s Selfridges and New York’s Chrysler building, has been a high-profile sign of the stress across the European commercial property market...
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...The ecommerce group’s deal comes as part of a restructuring for Diamond Sports Group, which is aiming to leave bankruptcy protection; its collapse sparked a media rights crisis that spooked US sport....
...New York-listed Blackstone Mortgage Trust provides loans to commercial real estate groups in North America, Europe and Australia and manages $22bn in assets....
...Signa Holding, the central company in the group that owns Selfridges in London and the Chrysler building in New York, filed for administration last month....
...Chesapeake Energy, Match Group and AMD report after Wall Street’s closing bell....
...The reputational risk generated by Smith’s tax scandal has also weighed on the fundraising, with some investors telling the FT that they chose not to participate....
...Smith is an aerospace veteran who joined the group from Honeywell Aerospace in 2017, with a mission to transform the company from a research organisation to a business....
...The group has recently sold large software companies such as Cvent and Ping Identity, while acquiring Avalara and Citrix Systems, in two of the largest private equity takeovers in recent years....
...Through sculpture, ceramics and textiles, Gates fuses Japanese craft with references to Black history and culture, including African masks and a Hammond B3 organ made popular by US jazz musician Jimmy Smith...
...Terry Smith, the founder of Fundsmith who is considered one of the UK’s best-known fund managers, was paid £31mn last year, despite his biggest fund underperforming its benchmark for much of the past three...
...Durban had also grown close to Qualtrics founder and chair Ryan Smith and its chief executive Zig Serafin, who will continue to run the company....
...“We’re looking for anything we can do to acquire, to scale up to better serve our customers,” Smith said....
...Its market capitalisation topped $85bn, at least $27bn higher than either Ford, General Motors or Fiat Chrysler owner Stellantis....
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