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...a $1bn investment by Hellman & Friedman in Baker Tilly US, another top 10 firm....
...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...
...New Mountain bought a controlling stake in Citrin Cooperman in 2022 and has helped fund an acquisition spree that has swelled the accounting firm’s annual revenues to an estimated $700mn....
...double the chain’s size over the next five years.Munich-based Motel One has expanded from Germany since Proprium’s original investment, with 94 hotels and 26,470 rooms in countries including the UK, France, US...
...Doubts exist about whether Capital One will secure regulatory approval for its Discover acquisition, with shares in its target trading below the deal’s purchase price....
...Son bought the Woodside estate 11 years ago, paying $117.5mn — then the most for a US residential property — to acquire the property from Tully Friedman, co-founder of private equity giant Hellman & Friedman...
...A shareholder vote to approve a deal between a special purpose acquisition company called Digital World Acquisition Corporation and Trump Media & Technology Group is planned for Friday....
...A new front has opened up in US trustbusters’ fight against mergers: workers’ rights....
...However, Third Point told the Financial Times it had held “only preliminary conversations with Flow [Neumann’s property company] and Adam Neumann about their ideas for WeWork, and has not made a commitment...
...property market....
...“I can’t say it was that memorable, as neither of us remembered it,” he said....
...Some of the biggest deals struck in the quarter included Capital One’s $35bn acquisition of Discover Financial, and chip design toolmaker Synopsys’s $35bn takeover of engineering software maker Ansys....
...“Instead of developing their own trading strategy, defendants stole the results of Jane Street’s long-term and hard-earned investments — its intellectual property and trade secrets,” Jane Street alleged...
...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....
...Blackstone bought the Milan property as part of its 2021 acquisition of Reale Compagnia Italiana, a private Italian firm that also owned offices, hotels and residential properties in the city....
...The Federal Trade Commission has sued to block Kroger’s acquisition of Albertsons, threatening the largest supermarket merger in US history in the latest sign of Washington’s crackdown on anti-competitive...
Shares of Ari Emanuel’s Hollywood powerhouse have declined in three years since IPO
...A senior EU court adviser has said the European Commission was wrong to block gene sequencing group Illumina’s $8bn acquisition of Grail and that the decision should be scrapped....
...The US group is suffering its own squeeze, with 2024 ebitda projected to hit $165mn, down from $260mn in 2022. It does not have much leverage....
...Smart reads Boring rerun US cable news viewers are just not getting into the 2024 presidential race, FT reports. The main reason?...
...The other partner in the joint venture is US fund manager RedBird Capital....
...A burst of dealmaking in 2022, when three of the top-25 US accounting firms took private equity cash, has reignited this year....
...The pick-up in mergers and acquisitions could usher in Wall Street’s long-awaited recovery for investment banking....
...— Using CoStar’s detailed dataset on commercial properties, we estimate that around 4% of US office buildings—those located in suburban areas or central business districts, built 30 or more years ago,...
...“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...
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