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...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
...Actis is General Atlantic’s largest acquisition, pushing the New York-based investment group to nearly $100bn in total assets....
...Its notable deals include the advertising agency Young and Rubicam in 1996 and the wealth manager LPL Financial and business advisory group AlixPartners about a decade later....
...GMO’s head of Japan equities Drew Edwards said in the letter, seen by the Financial Times, that recent scandals were “just one symptom of a larger problem of broken corporate governance and culture at TIC...
...Along with six smaller actions also announced on Wednesday, the settlements took the total amount of fines levied so far this year to $11.85mn against more than three dozen firms, eclipsing the previous...
...KPMG sold the insolvency and restructuring business to private equity group HIG Capital in 2021....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...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....
...In his absence, we have a world-class line-up of Financial Times journos, including Katie Martin on the bull case for dividends....
...At the end of January, total net inflows across all products were just below $1.5bn, with bitcoin trading at about $43,000, slightly down from $44,000 at the start of the year....
...Waymo told the Financial Times that it had “a couple of hundred cars” in each of the three fully autonomous zones....
...Rasulo was previously Disney’s chief financial officer....
...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....
...One option for the Australian government would be to “designate” Meta, which would force the company into arbitration over payments to media companies or face financial penalties....
...Ant’s efforts to expand its financial empire have been slowed since then. It was hit by a regulatory crackdown in late 2020 when its $37bn initial public offering was derailed....
...All three groups declined to comment....
...US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America’s largest credit card companies....
...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....
...Accor paid a total of €44mn to buy the Orient Express brand from state-owned French rail operator SNCF as part of a 2017 deal, according to a person familiar with the matter....
...The deal “would lead to additional grocery price hikes for everyday goods, further exacerbating the financial strain consumers across the country face today”, he said....
...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....
...Amazon’s billionaire founder Jeff Bezos has sold another $2bn worth of the company’s stock, bringing the total value of shares he has offloaded in the past week to $4bn, according to regulatory filings....
...In total, Actis has raised $25bn from limited partners, including $6bn for its most recent sustainable energy fund, closed in 2021....
...It can calculate total emissions, where they come from and how they change over time, providing a tool to regulators which are rolling out financial penalties for leaky infrastructure....
...Chairwoman Le Thi Thu Thuy shared her reasons for optimism at the Nikkei and Financial Times’ Asia Green Tech Summit....
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