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...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...H&F’s investment also underscores the growing interest of private equity in professional services firms, and represents a return to large-scale dealmaking in the US accounting sector after a hiatus caused...
...In 2020, the bank lost out to Morgan Stanley in the $7bn bidding war to buy US investment manager Eaton Vance....
...The deal was one of several recent examples of private equity firms investing in the professional services industry....
...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...
...as evidence for the investment thesis....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...Job moves Goldman Sachs co-head of European investment banking Gonzalo Garcia has left the bank, according to a memo....
...The green investment backlash led by US Republicans has led to investment funds pulling more than $13bn from BlackRock, the world’s largest asset manager....
...There’s a private credit boom going on, and underworked, bonus-anxious investment bankers and their asset management colleagues are ON IT....
...Cannae is the vehicle of Bill Foley, the multi-billionaire who made his fortune in a series of financial technology and financial services companies....
...The top 20 managers made profits for investors of $67bn in 2023, according to research by LCH Investments, up from the previous record of $65bn in 2021....
...Still, though, the bank’s new credit rating, two notches below investment-grade, includes the likes of AT&T and Walgreens. It isn’t yet obvious this is a bank failure waiting to happen. Disagree?...
...Ardonagh is owned by Madison Dearborn and HPS Investment Partners....
...The adoption of AI comes at a time when professional services firms are seeking to reduce costs amid a slowdown in demand for some of their services in a difficult economic environment....
...Millennium’s investment and the fact that Taula is seeking to launch with up to $5bn of capital were previously reported by industry information service With Intelligence....
...The cuts largely related to non-investment roles in areas such as technology and back-office services, the person added....
...It said together with Tamil Nadu’s state government, it would “work toward a total investment of up to USD 2 billion”....
...Microsoft has embedded OpenAI’s technology into its own software services....
...This article has been amended since initial publication to clarify that Hg Capital Trust’s investment in Argus Media was valued at about £52mn, not Hg’s overall investment....
...General Atlantic has long considered a public listing as one way to broaden its investment operations beyond private equity investments....
...While investors already have ploughed more than $7bn into the nine new products combined — mostly into ETFs from BlackRock, Fidelity, Bitwise, and Ark Investment Management — they have also pulled more than...
...Ant’s bid for Credit Suisse Securities (China) Ltd, which includes investment banking and brokerage services in mainland China, could complicate UBS’s plans to dispose of its stake in the unit....
...UBS put the unit, which includes investment banking and brokerage services, up for sale after taking control of Credit Suisse when it collapsed last year....
...The two multi-strategy fund managers had been in serious talks for several months over a deal for Schonfeld to manage money for Millennium, giving Englander’s fund access to its more than 100 investment...
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