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...a $1bn investment by Hellman & Friedman in Baker Tilly US, another top 10 firm....
...A group of retired partners, including three former chief executives, are negotiating with the current leadership to try to get a better deal....
...Another former Goldman partner, Justin Gmelich, was hired the following year to be co-chief investment officer alongside the promoted Russo....
...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...
...US private equity group General Atlantic has agreed to buy London-based infrastructure fund manager Actis, a combination further underscoring a wave of consolidation gripping private markets....
...The US-based group will make its investment from a $24.4bn fund raised in 2021 that is one of the largest funds dedicated to private equity deals....
...A long-standing US investor in one of Toyota’s largest subsidiaries has blamed the sprawling car group’s structure for recent data scandals and called for an urgent governance overhaul, as well as the unwinding...
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...Half of Tuesday’s press release was dedicated to the phalanx of lawyers and investment bankers needed to untangle this web. Endeavor never really caught the fancy of the large mutual funds....
...In his ruling, Castel said that Apollo’s accounting department “deserve[d] significant blame” for the harm done to fund investors but still ruled that Rashid had violated US securities law on investment...
...Dean Meyer has joined venture capital firm Sequoia as a partner focused on early stage investments. He was previously an investor at Vine Ventures....
...“The prolific growth of the data that’s becoming available to us is literally making us better-informed investors.”...
...Such private investments in public equity — or PIPE — deals are relatively common in the US, offering private equity houses a downside-protected route into a company’s share capital....
...The agreement is a big boost to UBS’s ambitions to significantly cut back Credit Suisse’s investment bank as it focuses on building out the combined group’s wealth management business....
...The other partner in the joint venture is US fund manager RedBird Capital....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...Shleifer was one of Tiger’s first hires and marshalled investments into booming Chinese technology companies, including ecommerce groups such as JD.com and Ctrip.com....
...Talent agency Endeavor Group is being taken private at an equity value of $13bn after three years of lacklustre performance as a listed company....
...Paul Weiss is hiring investment funds lawyer James King from Kirkland & Ellis. King will be based in London. Santander has hired a trio of senior US bankers, Bloomberg reported....
...The Glazers entrusted Raine Group with United’s future after the US investment bank led the sale in May 2022 of Chelsea FC, achieving a price of £2.5bn in an accelerated process due to the sanctions imposed...
...China started commercial driverless development in 2013, about five years after groups in the US....
...between the US and China are likely to be a key flashpoint....
...Barings told the FT that while some of its funds had paused making investments, it “remains open for business and able to invest” through other vehicles such as its US-listed entity....
...If you look at Howard Marks’s investment philosophy for Oaktree, the first item for us is the primacy of risk control....
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