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...As well as paying off obligations to retirees, the new structure involves repaying capital to current and former partners....
...“If a group of partners came along and said, ‘join our lawsuit’, I would not have wanted to sign away my right to do that,” the former partner said. Grant Thornton declined to comment....
...Another former Goldman partner, Justin Gmelich, was hired the following year to be co-chief investment officer alongside the promoted Russo....
...The cash from New Mountain, together with some debt financing, will be used to return capital to current partners, buy out retirement obligations to former partners and build a war chest for investment,...
...The money will predominantly be used to buy out retirement obligations to former partners and return capital to its 600 current partners, as well as to recapitalise the balance sheet and build a war chest...
...A former top investment banker at Centerview Partners did not strike a valid agreement to become a full-fledged partner at the elite advisory firm during a restaurant meeting held more than a decade ago,...
...Abu Dhabi energy group Taqa is in talks that could lead to a multibillion euro takeover bid for Spanish utility Naturgy and extend a Gulf push into European industry....
...“It will help us turbocharge the Android and Chrome ecosystems, bring the best innovations to partners faster . . . and internally, it will also speed up decision making.”...
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
Microsoft, Google and Meta are using more water to cool down data centres that power artificial intelligence products
...Ted Baker is on the brink of collapse unless it finds a new business partner, casting doubt over the future of hundreds of high street jobs at the UK fashion brand....
...Firms that have shorted the stock include London-based Marble Bar, CapeView Capital and Kuvari Partners....
...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....
...utility debt issuances....
...The other partner in the joint venture is US fund manager RedBird Capital....
...David Trujillo, another partner at TPG, summed up the pitch to accountants and others they are trying to lure away from the partnership model....
...In today’s newsletter: Britain’s biggest water utility circles the drain Elliott’s stuck in an AC Milan fight Byju’s investors try to oust its founder Britain’s biggest water utility circles the drain...
...Data from S3 Partners shows TMTG is the third-most expensive US stock to borrow for short sales among companies with more than $25mn of short interest, behind cannabis group Canopy Growth and electric-car...
...A new group including Mubadala, Michael Dell’s family office, Goldman Sachs Asset Management and Lexington Partners will also invest cash into Endeavor....
$12.5bn takeover of Origin Energy in balance ahead of vote this month on deal
...Among them is a proposal to “right-size” legacy divisions, such as Disney’s studio business and its linear TV networks, by spinning them out and finding strategic partners....
...In addition to the DoJ and SEC investigations, the incident prompted probes by the California DMV, the California Public Utilities Commission and the National Highway Traffic Safety Administration....
...Rothschild set up RIT Capital Partners, a listed investment trust investing in public and private markets that he chaired for more than 30 years....
Rishi Sunak under growing pressure to veto newspaper group’s purchase by Abu Dhabi-backed RedBird IMI
...Partners at the firm took home an average of £1.06mn during the period, which was the highest average partner pay among the Big Four last year....
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