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...The US-based group has raised $20.5bn for its seventh private equity fund....
...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...
...Retired US partners of Grant Thornton have stepped up their fight for a bigger share of the proceeds from the sale of the accounting firm, hiring lawyers to challenge management over the terms of the deal...
...Its shares have slipped since the start of the year, while rivals’ stocks have soared, adding pressure on the tech giant to announce game-changing AI features that could boost device sales....
...He has also worked for Mark Warner, the current chair of the Senate intelligence committee, and for Biden’s current climate envoy and former US secretary of state John Kerry....
...The sale gives Baker Tilly US an enterprise value of more than $2bn and capital to fund what its chief executive Jeff Ferro called an “extremely aggressive” acquisition strategy, signalling the firm’s ambition...
...The company makes about four-fifths of its sales in the US, where the market is highly competitive....
...The potential rival offer from US-based Warner, which would value the company at €1.65bn, comes less than a month after Denis Ladegaillerie, alongside private equity groups EQT and TCV, proposed to take...
...It also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
...But ESPN’s annual cash flow is too valuable to give up in a sale or spin-off....
...It is part of a flurry of asset sales that have tided over LPs. Since early 2023, Silver Lake has struck deals to sell down $20bn in investments, the group told its investors....
...Not only did Apollo lose out, so did the merger arb funds: they would receive only 75 per cent of the €2.13 difference between the January sale to Apollo and the winning price....
...From the outset, the Fortress sale was structured to appease regulatory concerns....
...They certainly should after the entertainment group announced a long-expected go-private sale to its existing majority shareholders this week. The deal values Endeavor’s equity at $13bn....
...US cinema owners have suffered from an 18 per cent drop in box office returns so far in 2024, and last year’s Hollywood strikes are expected to result in a weaker slate of films and lower ticket sales....
...Redstone has long said Paramount was not for sale....
...Curiously, the FTC gave scant mention to Walmart, which leads US grocery sales with 23.6 per cent of the market last year, according to analytics firm Numerator....
...“Doesn’t that tell us all we need to know in terms of barriers of entry?” he asked....
...Zucker, a former CNN boss, said the group would consider looking at the network if it was ever put up for sale by its owner Warner Bros Discovery but that it was “not something that we’ve ever looked at...
...alleging that Handler was attempting to shake them down for money he did not deserve and that, regardless, whatever equity he had earned required him to be an employee at the time of a Centerview IPO or sale...
...The report also alleged the company seemed to have incorrectly booked sales of hardware as software and might have misrepresented the nature of its revenue....
...Sales at the company grew by 2.2 per cent to $1.4bn dollars, below analysts’ estimates, with the US accounting for almost half of total revenue....
...General Atlantic and CVC have paused multimillion-dollar stake sales in companies operating US fast food brands in Indonesia and Malaysia as protests and boycott campaigns over the Israel-Hamas war disrupt...
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Naked short sales have been banned in the US since 2005. G1 declined to comment. Virtu and Jane Street did not immediately respond to requests for comment....
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